508 N Rosemary Lane, Burbank, CA 91505
- $1,499,000
- List Price
- $1,499,000
- Status
- ACTIVE
- MLS#
- SR26148082
- Year Built
- 1944
- Lot Size
- 10,870
- Acres
- 0.25
- Lot Location
- Back Yard, Near Park
- Days on Market
- 21
- Property Type
- Multifamily
- Property Sub Type
- Triplex
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 add to the area’s lasting tenant appeal. With a proven history of rental demand, strong neighborhood fundamentals, and versatile income potential, this is a rare opportunity to own a highly rentable multi-residential asset in one of Burbank’s most desirable locations.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Park/Greenbelt, Neighborhood
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $89,184
- Operating Expense
- 8175
Listing courtesy of Listing Agent: Mario Acosta (offers@marioacosta.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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