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Listed by Mario Acosta, DRE #01328908 • Berkshire Hathaway HomeServices California Properties
$1,499,000
Est. payment /mo
10,870 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR26148082
Year Built 1944
Lot Size 10,870 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
A remarkable investment opportunity awaits at 508 N. Rosemary Lane in the highly sought-after Magnolia Park neighborhood of Burbank. This well-maintained triplex offers an exceptional combination of prime location, desirable unit mix, and strong income-generating potential, making it an ideal long-term hold or owner-user opportunity with meaningful rental income. Each of the three units features 2 Bedrooms and 1 Bathroom, along with separate utility meters and convenient in-unit laundry-highly desirable features for today's rental market. The units have been tastefully remodeled over the past 10 years and thoughtfully maintained, providing attractive living spaces with solid cash flow. Additional property highlights include a shared 2-car garage plus a separate 1-car garage, all with alley access, along with important system upgrades including a newer roof, upgraded electrical panel, and re-lined sewer. The location further strengthens the investment profile, situated directly across from Verdugo Park and Aquatic Facility, offering tennis courts, playgrounds, picnic areas, and the Mary Alvord Recreation Center. Just a short stroll away, The Ranch at Hollywood & Verdugo provides convenient dining and shopping options, while nearby Burbank schools and major entertainment studios ad
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Other
Exterior
Garage Spaces 3.0
Pool None
View Greenbelt, Local/Neighborhood
Building
Water District - Public
Others
Tax ID 2480025003
Special Listing Condition Not Applicable
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