528 E Verdugo Ave

Burbank CA 91501

8550 sq. ft.

Multi-Family

Last sold for $4,300,000

Liza Valayati, last sold this property on 14 September 2026 after 69 days on market.

Overview

First time on the market in nearly 25 years. Verdugo Apartments is a 13-unit multifamily property located in a prime Burbank location north of Glenoaks Blvd. The property features ten 1-bedroom/1-bathroom units and three 2-bedroom/2-bathroom units totaling 9,106 square feet on an 8,548 square foot lot. Built in 1966, the property offers tuck-under parking and on-site laundry facilities. Long-term ownership has maintained the property with exceptional care, including a new roof installed in 2022 and upgraded windows throughout. These significant improvements enhance the property's overall condition and reduce near-term capital improvement needs. Current rental income is approximately $26,670 per month, with rents below prevailing market levels, providing potential for future income growth through natural tenant turnover without requiring an extensive renovation program. Burbank is widely recognized as the "Media Capital of the World" and is home to major entertainment companies including Disney Studios, DreamWorks Animation, Warner Bros. Studios, Universal Studios, and Nickelodeon Studios nearby. The property is conveniently located near Burbank Town Center, Downtown Burbank, shopping, dining, entertainment, and major employment centers.

Features

3 bedrooms

3 bathrooms

8550 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Burbank over the last 12 months.

Property history for 528 E Verdugo Ave

2026

Sold

$4,300,000

14 Sep 2026 by Liza Valayati, of Valiant Multi-Family Group

2004

Sold

Undisclosed

30 Sep 2004

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