216 S Glenwood Place, Burbank, CA 91506

  • $1,850,000
216 S Glenwood Place, Burbank, CA 91506
Active
216 S Glenwood Place, Burbank, CA 91506
216 S Glenwood Place, Burbank, CA 91506
  • $1,850,000

Description

Prime Investment Opportunity in Burbank! Welcome to 216 South Glenwood Place, a well-maintained 6-unit multifamily property located in a highly desirable Burbank neighborhood. Situated on a quiet, tree-lined street just minutes from studios, Magnolia Park, and top-rated schools, this rare offering presents an ideal opportunity for investors seeking strong rental income in a stable, high-demand market. The property consists of six thoughtfully designed units—(5) one-bedroom/one-bath and (1) two-bedroom/one-bath apartments, complete both garage parking and outdoor parking spaces. Total building square footage of 3500 is situated on an 8562 lot. Tenants enjoy shared amenities including on-site laundry facilities, a spacious courtyard with mature landscaping. The property also offers separate gas and electric meters, providing ease of management and cost efficiency for the owner. With long-term upside potential, steady occupancy history, and located in a non-rent controlled city, this is a turnkey addition to any investor’s portfolio. Zoned R-3 and located in one of the most sought-after rental markets in Los Angeles County, 216 South Glenwood Place combines immediate income with long-term growth potential. Don’t miss this rare chance to own a premier multifamily asset in the heart of Burbank!

  • Address 216 S Glenwood Place
  • City Burbank
  • State/county CA
  • Zip/Postal Code 91506
  • Country US

Details

Updated on May 29, 2025 at 11:48 pm
  • Property ID: BB25088666
  • Price: $1,850,000
  • Property Size: 3500 Square Feet
  • Land Area: 0.1964 Acres
  • Garages: 6.0
  • Garage Size: x x
  • Year Built: 1953
  • Property Type: Residential Income, Apartment
  • Property Status: Active

Contact Information

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  • Hoyt Hochman