1 month on rocket

Sale Pending

325 E Verdugo Ave, Burbank, CA, 91502

$1,800,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
4,856 SqFt
$371/SqFt
House
Schools Nearby

Location

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325 E Verdugo Ave, Burbank$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1954
HeatingForced Air
MLS #24364345
Lot Size0.18 Acres
StatusSale Pending
(Pending)

About 325 E Verdugo Ave

Pleased to present 325 E Verdugo Ave, an 8 unit apartment building located in Burbank, CA. Built in 1954, this property consists of one (1) Bachelors unit, six (6) 1 Bedroom +1 Bathroom units, (1) 2 Bedroom + 1 Bathroom unit. The building is 4,856 gross square feet and sits on a 7,692 square foot lot that is BUR4 zoned.From the moment you set eyes on it, the seller's meticulous care for this property is evident. Situated on a picturesque, well-maintained street just steps from Downtown Burbank, residents will enjoy easy access to employment opportunities at renowned media institutions like Warner Bros Studios, Walt Disney Studios, and Universal Studios. Additionally, 325 E Verdugo Ave is conveniently close to popular dining spots and the Burbank Town Center.This prime location offers tenants immediate access to the 134 and 5 Freeways, as well as the Downtown Burbank Train Station, enhancing the area's connectivity. With its desirable location, unit mix, and potential for increased rental income, 325 E Verdugo Ave presents a compelling value-add opportunity for investors. Priced attractively at $225,000 per unit with a 15.83 Gross Rent Multiplier (GRM), this property is poised to deliver excellent returns.

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Stories: 2
  • Living Area: 4,856 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Gregory Shindler

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Burbank High School, Public District Grades 9-12
  • John Muir Middle School, Public District Grades 6-8
  • Joaquin Miller Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Just west of Glenoaks Blvd on Verdugo Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $371/SqFt

Tax Information:

  • Annual Amount: $7,476
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Burbank, CA.

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Burbank, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$739

Avg. Days On Market

18

# of Sold Homes

45

325 E Verdugo Ave vs Burbank

47 DAYS ON ROCKET

+29 Days

$1,800,000

+$685.1K More

$371/SqFt

-$368 Less

KEY TAKEAWAY

This property is $685.1K more than the Median Sold Price and $368/SqFt less than other homes in Burbank, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24364345

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Gregory Shindler

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 6:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,476$605,966
2020$7,196$597,180
2019$7,108$585,472
2018$6,928$573,993
2017$6,928$562,740

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1964212
7
/10

  • Joaquin Miller Elementary School

  • 720 E Providencia Ave

  • 0.42 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1964213
7
/10

  • John Muir Middle School

  • 1111 N Kenneth Rd

  • 1.12 miles

  • Public District Grades 6-8

High School

school-card-donut-1964214
7
/10

  • Burbank High School

  • 902 N 3rd St

  • 0.78 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,860. The majority of Burbank, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 325 E Verdugo Ave

What is the listing price of this property?

The listing price of 325 E Verdugo Ave property is $1,800,000.

What type of property is this?

The property 325 E Verdugo Ave is a house located in Burbank, California, 91502.

Is this property for sale now?

Sale Pending: 325 E Verdugo Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 325 E Verdugo Ave are:
Joaquin Miller Elementary School: GreatSchools Rating 7/10
John Muir Middle School: GreatSchools Rating 7/10
Burbank High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,476 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 325 E Verdugo Ave has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 325 E Verdugo Ave is 4,856 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 325 E Verdugo Ave is 1954.

Rocket Homes›California›Los Angeles County›Burbank›91502›325 E Verdugo Ave

This home is located at 325 E Verdugo Ave in Burbank, CA and zip code 91502 in the The Verdugos neighborhood. This 4,856 square foot home, which was built in 1954, sits on a 0.18 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,800,000.

Burbank, CA housing market in March 2024 saw over 31 listings sold above listed price, more than 4 sold at listed price and over 10 sold below. The number of listings in Burbank, CA increased by 3.2% between February 2024 and March 2024. Listings spent 18 days on the market in March 2024, and had a median list price of $1,114,833 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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