Burbank, CA 91504 2310 Washington Circle

Presented By: Steven Sakata with RE/MAX Galaxy; 626-255-9123
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# TR25069151
  • 04/01/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 16
  • Baths • 2
  • SQFT • 7,373
  • Garage • 3

Home Details

Exceptional Investment Opportunity in Prime Burbank! Introducing a chance to own a 7-unit apartment building, NEWLY ROOFED in 2024 with a copper re-pipe in 2015, ideally situated in the bustling heart of Burbank, California. With 7,373 square feet of living space sprawled over a 10,764 square-foot lot, this two-story gem offers both location and potential, making it a must-see for savvy investors. Centrally located just minutes from the vibrant Burbank Empire Center, it provides tenants easy access to a wide range of shopping and dining options. The building comprises five spacious two-bedroom, one-bath units, and two generous three-bedroom, two-bath units. Parking includes three garage spaces and six carports, each with additional storage. A community laundry room with coin-operated machines adds tenant convenience and generates an additional income stream. With its potential for reorganization, this property offers significant upside income opportunities, perfect for those looking to expand their investment portfolio in a high-demand rental market. Don’t miss your chance to invest in this highly sought-after area.
Presented By: Steven Sakata with RE/MAX Galaxy; 626-255-9123

Interior Features for 2310 Washington Circle

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2

Other Rooms

Entry Level1

General for 2310 Washington Circle

Additional Parcels Y/NNo
AppliancesFreeStandingRange, Dryer, Washer
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Spaces6.0
Carport Y/NYes
CityBurbank
Community FeaturesSidewalks
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Current FinancingConventional
DirectionsEast of Buena Vista and South of Winona
Electric Expense3232.0
Electric On Property Y/NNo
Entry Location1st & 2nd Floors
Fuel Expense1000.0
Garage Spaces3.0
Garage Y/NYes
Gross Income178956.0
HOANo
HOA Fee$0.0
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense16667.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet10764.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MaintenanceExpense4509.0
MobileHomeRemainsYNNo
Net Operating Income107058.0
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Operating Expense63040.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionRepairsCosmetic, UpdatedRemodeled
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories2
Tax Lot48
Taxes$30,000
Tenant PaysElectricity, Gas
Total Actual Rent14006.0
Trash Expense1000.0
UtilitiesElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected
ViewNone
Water Sewer Expense2000.0
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningBUR3

Exterior for 2310 Washington Circle

Building Area Total7373.0
Crops Included Y/NNo
FencingBlock
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2471
Lot Size Area10764.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, Carport, DoorMulti, DirectAccess, DoorSingle, Garage, GarageFacesSide
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking9.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,150,000
MLS#TR25069151
List Date 04/01/2025
Property Type Multi-Family
Phone 714.742.6515
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