2208 W Victory, Burbank, CA 91506
- $1,600,000
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- BB26195094
- Year Built
- 1951
- Lot Size
- 8,129
- Acres
- 0.19
- Lot Location
- Near Park, Rectangular Lot
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Burbank fourplex offering an attractive combination of current income, significant rental upside and long-term development potential. Situated on an approximately 8,129 SF R-4 zoned lot, the property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, currently generating $6,808 per month in gross rents. Current rents provide substantial upside, with estimated market rents of approximately $2,500 for the 2-bedroom units and $2,000 for the 1-bedroom units—potential gross income of approximately $9,000 per month, representing more than 32% upside over current rents. Another standout feature is the exceptional garage parking: three 2-car garages plus one 1-car garage, providing a total of seven enclosed garage spaces for only four units. The property also includes a decommissioned laundry room that may provide an opportunity for restoration or repurposing, subject to City requirements and approval. Well maintained with valuable improvements including copper plumbing, dual-pane windows and low-maintenance landscaping, helping reduce ongoing ownership and maintenance demands. The sizable R-4 zoned lot may offer additional long-term potential for ADUs, additional units or future redevelopment. Combined with the existing four units, substantial garage footprint and former laundry area, the property presents multiple possibilities for an investor to explore, subject to applicable regulations and City of Burbank approval. Conveniently located near Burbank's major employment centers, studios, shopping, dining and transportation. 2208 W Victory Blvd represents a compelling opportunity to acquire a well-maintained Burbank multifamily asset with existing income, meaningful rental upside, substantial parking and future development potential. Buyer to independently verify rents, square footage, zoning, ADU feasibility and development possibilities.
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Additional Information
- Appliances
- Gas Range, Refrigerator, Range Hood
- Pool Description
- None
- Heat
- Floor Furnace, Heat Pump, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Heat Pump, Wall/Window Unit(s)
- View
- Hills
- Exterior Construction
- Copper Plumbing
- Roof
- Shingle
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Tile Counters
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $84,696
- Operating Expense
- 29519
Listing courtesy of Listing Agent: Julian Munoz (Julian4RE@gmail.com) from Listing Office: EMPOWER Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.