ParkingControlled Entrance, Gated, Community Structure
Year Built1986
HeatingCentral
CoolingCentral Air
MLS #24440913
Lot Size0.23 Acres
StatusActive
About 536 E Cypress Ave
First time on the market in over 27 years, a premier investment opportunity for 13 units in prime Burbank. Constructed in 1986, this well built and well-maintained apartment property is located within one block of N. Glenoaks Blvd. Thirteen 2 Bedroom + 2 bath units were designed with more square footage and larger room sizes than typical apartments of that era. Over the last four years, 4 units have been fully updated including new cabinets, Quartz countertops, vinyl plank flooring and updated bathrooms. Other features such as a secure intercom entry, central heat and AC in all units, gated parking (26 SIDE BY SIDE SPACES), pitched comp shingle roofs, individual water heaters and parking access elevator make this an excellent rental property investment. In 2019 the windows and sliding doors were replaced, in 2020 building exterior was fully repainted and in 2024 the balconies were inspected in accordance with SB721. There is an on-site laundry room with machines owned by sellers, and the building is separated metered for gas and electricity. Located in a highly desirable Burbank neighborhood, this property is within walking distance of the vibrant downtown Burbank and Town Center, providing residents with easy access to shopping, diverse dining options, and dynamic entertainment venues. The property's proximity to major employers, such as Walt Disney Studios, Warner Brothers Studios, and DreamWorks Animation, further contributes to the appeal of its location. With limited property sales in this area, don't miss this chance to acquire a top-quality building in a prime location that will serve as a generational investment. Property is subject to AB1482 Rent Control. PLEASE DO NOT DISTURB TENANTS. INSPECTION UPON ACCEPTED OFFER.
Property Details
Property Features
Property Information:
Year Built: 1986
Stories: 3
Living Area: 15,012 SqFt
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Microwave
Bedroom and Bathroom Information:
Total Bedroom Count: 26
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Controlled Entrance, Gated, Community Structure
Lot Features
Lot Information:
Lot Size: 0.23 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Burbank High School, Public District Grades 9-12
John Muir Middle School, Public District Grades 6-8
Ralph Emerson Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: North on N. Glenoaks Blvd, turn right on E. Cypress Ave
Price Information
Listing Price Info
Price Summary:
List Price: $5,298,000
Price Per SqFt: $353/SqFt
Tax Information:
Annual Amount: $19,406
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Burbank, CA.
This property is $4.1M more than the Median Sold Price and $431/SqFt less than other homes in Burbank, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24440913
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
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: 10/23/2024, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 25, 1996
Apr 25, 1996Home Sold
$1,060,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$19,406
$1,626,841
2020
$18,655
$1,610,160
2019
$18,418
$1,578,589
2018
$18,016
$1,547,637
2017
$18,016
$1,517,292
History based on county public records data.
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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.
Elementary School
7
/10
Ralph Emerson Elementary School
720 E Cypress Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
Middle School
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school0.52 miles
Public District Grades 6-8
High School
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.30 miles
Public District Grades 9-12
Assigned Schools
7
/10
Ralph Emerson Elementary School
720 E Cypress Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
Nearby Schools
6
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.76 miles
Public District Grades KG-5
7
/10
Thomas Jefferson Elementary School
1900 N 6th St
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Assigned Schools
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school0.52 miles
Public District Grades 6-8
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.64 miles
Public District Grades 6-8
7
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school2.61 miles
Public District Grades 6-8
Assigned Schools
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.30 miles
Public District Grades 9-12
Nearby Schools
4
/10
Monterey High (Continuation)
1915 W Monterey Ave
Distance between this listing and this school1.34 miles
Public District Grades 9-12
8
/10
Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $54,771. The most common annual income of people living in Burbank, CA is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 536 E Cypress Ave
What is the listing price of this property?
The listing price of 536 E Cypress Ave property is $5,298,000.
What type of property is this?
The property 536 E Cypress Ave is a house located in Burbank, California, 91501.
Is this property for sale now?
Active Listing: 536 E Cypress Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 536 E Cypress Ave are: Ralph Emerson Elementary School: GreatSchools Rating 7/10John Muir Middle School: GreatSchools Rating 7/10Burbank High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $19,406 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 25, 1996 for $1,060,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 536 E Cypress Ave has 26 bedrooms and 26 bathrooms.
What is the square footage of this property?
The property 536 E Cypress Ave is 15,012 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 536 E Cypress Ave is 1986.
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This home is located at 536 E Cypress Ave in Burbank, CA and zip code 91501 in the The Verdugos neighborhood. This 15,012 square foot home, which was built in 1986, sits on a 0.23 acre lot. Features: 26 bedrooms, 26 bathrooms. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $5,298,000.
While more than 15 listings in Burbank, CA in September 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 22 were sold below. The inventory of homes for sale in Burbank, CA between August 2024 and September 2024 increased by 7.2%. While the average time on the market in September 2024 was 25 days, the median list price was $1,126,666.
From Rocket Homes Real Estate and based on county public records data.
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. 
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