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This multifamily apartment building at 619 E Verdugo Avenue in Burbank, California, is currently listed for sale at $1,410,000. Burbank serves as a primary hub for the media and entertainment industry, benefiting from its strategic location within the Greater Los Angeles area and proximity to major studio lots and regional transit corridors. The local submarket maintains consistent demand for residential rental properties due to its established employment base and access to essential infrastructure. An apartment asset in this region provides investors with potential for long-term hold strategies or repositioning efforts within a dense, supply-constrained market. Given the ongoing growth in the Southern California rental sector, this property presents a viable acquisition for those looking to expand their footprint in a recognized municipal center.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.