$3,000,000
$3,495,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
12 Baths
7,874 SqFt
SOLD DATE : 05/12/2026
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,874 sqft
Price per Sqft $381
MLS Listing ID 25626665
Sold Date 05/12/26
Bedrooms 16
Year Built 1962
Lot Size 8,692 Sqft
Acres 0.1996
Property Sub-Type Multi-Family
Property Description
615 E. Magnolia Blvd. is an 11 unit multifamily property in a desirable Burbank location with steady rental demand, strong occupancy, and convenient access to nearby amenities. The building offers about 7,874 square feet of living space on a centrally located parcel near dining, parks, schools, and major entertainment employers. The property has street and alley access with gated entry and parking. There are 10 covered parking spaces and two uncovered. The roof was replaced in 2025. The unit mix includes five 2 bedroom units and six 1 bedroom units, several with balconies. The building has been family owned and maintained for more than 50 years and shows a long history of care and consistent performance. Laundry income provides an additional revenue source. The neighborhood offers a residential feel with close proximity to shopping, cafes, major roadways, and the Media District. Burbank continues to show reliable occupancy, strong tenant demand, and resilient rental trends. This 11 unit building is a strong opportunity for buyers seeking income stability, a well cared for asset, and long term positioning in one of the most durable markets in the San Fernando Valley.
Location
State CA
County Los Angeles
Area Burbank
Zoning BUR4*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Other
Exterior
Parking Features Controlled Entrance, Covered Parking, Uncovered, Gated
Garage Spaces 12.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Standard Home Realty
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