8 months on rocket

1201 W Verdugo Ave, Burbank, CA, 91506

$1,950,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1201 W Verdugo Ave, Burbank$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned
Garage5 spaces
Year Built1953
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #SR24052054
Lot Size0.19 Acres
StatusActive

About 1201 W Verdugo Ave

5-unit Apartment building on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. About 1 mile for access to the 5 fwy and the 101 fwy.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: Valdez Realty
  • Office Phone: (818) 522-2863
  • Listing Agent: Richard Valdez

Interior Features

Interior Information:

  • Appliances: Disposal
  • Flooring Type: Vinyl, Wood
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 5 spaces
  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: South of W. Olive Ave and East of N Buana Vista Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
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Housing Market Comparison

See how this home compares to others in Burbank, CA.

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Burbank, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$788

Avg. Days On Market

31

# of Sold Homes

47

1201 W Verdugo Ave vs Burbank

254 DAYS ON ROCKET

+223 Days

$1,950,000

+$821.6K More

KEY TAKEAWAY

This property is $821.6K more than the Median Sold Price in Burbank, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24052054

Listing Office:

  • Office Name: Valdez Realty
  • Office Phone: (818) 522-2863
  • Listing Agent: Richard Valdez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1077111
7
/10

  • Walt Disney Elementary School

  • 1220 W Orange Grove Ave

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-1077112
6
/10

  • William McKinley Elementary School

  • 349 W Valencia Ave

  • 0.51 miles

  • Public District Grades KG-5

school-card-donut-1077113
6
/10

  • Thomas Edison Elementary

  • 2110 Chestnut St

  • 1.05 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,425. Typical income of Burbank, CA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1201 W Verdugo Ave

What is the listing price of this property?

The listing price of 1201 W Verdugo Ave property is $1,950,000.

What type of property is this?

The property 1201 W Verdugo Ave is a condo located in Burbank, California, 91506.

Is this property for sale now?

Active Listing: 1201 W Verdugo Ave is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 1201 W Verdugo Ave is 1953.

Rocket Homes›California›Los Angeles County›Burbank›91506›1201 W Verdugo Ave

This home is located at 1201 W Verdugo Ave in Burbank, CA and zip code 91506 in the Rancho Adjacent neighborhood. This home, which was built in 1953, sits on a 0.19 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $1,950,000.

In October 2024 more than 21 listings in Burbank, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 24 were sold below. Between September 2024 and October 2024, Burbank, CA real estate market has seen increase in the number of listings by 13.9%. In October 2024 median list price was $1,128,372 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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