619 E Verdugo Avenue

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619 E Verdugo Avenue

Burbank, CA 91501
Asking Price
$1.41M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 619 E Verdugo Avenue.
  • The property is available for purchase at $1,410,000.
  • Burbank is a key employment center in the Los Angeles region.
  • The site is positioned within the 91501 zip code area.
  • Residential rental demand remains stable throughout this suburban market.

What's Special

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.

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NOI
$80,000
Cap Rate
5.67%
DSCR
0.96
Underwater
Cash-on-Cash
-0.88%
Monthly Payment
$6,975.911
Annual Cash Flow
$-3,710.928

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