UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,822 sqft
Price per Sqft $566
MLS Listing ID BB-26195094
Style Contemporary
Year Built 1951
Lot Size 8,129 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Current rents provide substantial upside, with estimated market rents of approximately $2,500 for the 2-bedroom units and $2,000 for the 1-bedroom units—potential gross income of approximately $9,000 per month, representing more than 32% upside over current rents.
Another standout feature is the exceptional garage parking: three 2-car garages plus one 1-car garage, providing a total of seven enclosed garage spaces for only four units. The property also includes a decommissioned laundry room that may provide an opportunity for restoration or repurposing, subject to City requirements and approval.
Well maintained with valuable improvements including copper plumbing, dual-pane windows and low-maintenance landscaping, helping reduce ongoing ownership and maintenance demands.
The sizable R-4 zoned lot may offer additional long-term potential for ADUs, additional units or future redevelopment. Combined with the existing four units, substantial garage footprint and former laundry area, the property presents multiple possibilities for an investor to explore, subject to applicable regulations and City of Burbank approval.
Conveniently located near Burbank's major employment centers, studios, shopping, dining and transportation. 2208 W Victory Blvd represents a compelling opportunity to acquire a well-maintained Burbank multifamily asset with existing income, meaningful rental upside, substantial parking and future development potential. Buyer to independently verify rents, square footage, zoning, ADU feasibility and development possibilities.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Interior Features Copper Plumbing Full, Ceiling Fan(s), Tile Counters
Heating Wall Furnace, Floor Furnace, Heat Pump
Flooring Carpet, Vinyl
Fireplaces Type None
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 7.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Hills
Building
Lot Description Park Nearby, Rectangular Lot
Sewer Public Sewer
Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900