Prime Investment Opportunity in Burbank! Welcome to 216 South Glenwood Place, a well-maintained 6-unit multifamily property located in a highly desirable Burbank neighborhood. Situated on a quiet, tree-lined street just minutes from studios, Magnolia Park, and top-rated schools, this rare offering presents an ideal opportunity for investors seeking strong rental income in a stable, high-demand market. The property consists of six thoughtfully designed units—(5) one-bedroom/one-bath and (1) two-bedroom/one-bath apartments, complete both garage parking and outdoor parking spaces. Total building square footage of 3500 is situated on an 8562 lot. Tenants enjoy shared amenities including on-site laundry facilities, a spacious courtyard with mature landscaping. The property also offers separate gas and electric meters, providing ease of management and cost efficiency for the owner. With long-term upside potential, steady occupancy history, and located in a non-rent controlled city, this is a turnkey addition to any investor’s portfolio. Zoned R-3 and located in one of the most sought-after rental markets in Los Angeles County, 216 South Glenwood Place combines immediate income with long-term growth potential. Don’t miss this rare chance to own a premier multifamily asset in the heart of Burbank!
Property Details
Price:
$1,850,000
MLS #:
BB25088666
Status:
Active
Baths:
0
Address:
216 S Glenwood Place
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
610burbank
City:
Burbank
Listed Date:
Apr 22, 2025
State:
CA
ZIP:
91506
Lot Size:
8,557 sqft / 0.20 acres (approx)
Year Built:
1953
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Interior
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Exterior
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Curbs, Sidewalks, Street Lights
Parking Spots
11.00
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- Address216 S Glenwood Place Burbank CA
- Area610 – Burbank
- CityBurbank
- CountyLos Angeles
- Zip Code91506
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216 S Glenwood Place
Burbank, CA
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