Nestled in a highly desirable Burbank neighborhood, this rare investment opportunity features a front single-family home plus 4 additional ADUs, ideal for generating steady income. The main home offers 3 bedrooms, 2 bathrooms, and 1,251 square feet of living space, recently upgraded with modern touches such as wood flooring, recessed lighting, central AC and heating, and generous storage. The ADUs, each ranging from 802 to 860 square feet, are thoughtfully designed with 2 bedrooms, 2 bathrooms, in-unit laundry, and new appliances. To ensure low maintenance costs, all units are equipped with separate meters, including water sub-meters. Solar panels have been installed for the ADUs, with two units also featuring carport parking. Fully rented and income-producing, the property offers a total of 4,575 square feet of living space on a 7,183-square-foot lot with plenty of room to potentially build a two-car carport in front of the house. Located just a short distance from Kenneth Road, this property is a prime investment opportunity for those seeking a lucrative asset in a top-tier location.
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 1
Living Area: 4,575 SqFt
Listing Office:
Office Name: JohnHart Real Estate
Office Phone: (818) 469-9388
Listing Agent: Albert Babayan
Interior Features
Interior Information:
Appliances: Dishwasher, Range, Gas Oven, Gas Range, Microwave
This property is $2.0M more than the Median Sold Price and $85/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: #GD24163946
Listing Office:
Office Name: JohnHart Real Estate
Office Phone: (818) 469-9388
Listing Agent: Albert Babayan
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, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,692
$863,119
2020
$9,299
$854,270
2019
$9,176
$837,521
2018
$9,162
$821,100
2017
$9,162
$821,100
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
6
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.15 miles
Public District Grades KG-5
Middle School
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school1.07 miles
Public District Grades 6-8
High School
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Assigned Schools
6
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.15 miles
Public District Grades KG-5
Nearby Schools
7
/10
Ralph Emerson Elementary School
720 E Cypress Ave
Distance between this listing and this school0.60 miles
Public District Grades KG-5
7
/10
Balboa Elementary School
1844 Bel Aire Dr
Distance between this listing and this school0.83 miles
Public District Grades KG-6
Assigned Schools
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school1.07 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 school1.67 miles
Public District Grades 6-8
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school2.13 miles
Public District Grades 6-8
Assigned Schools
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Nearby Schools
8
/10
Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.88 miles
Public District Grades 9-12
4
/10
Monterey High (Continuation)
1915 W Monterey Ave
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $72,451. Typical income of Burbank, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 706 E Verdugo Ave
What is the listing price of this property?
The listing price of 706 E Verdugo Ave property is $3,199,000.
What type of property is this?
The property 706 E Verdugo Ave is a house located in Burbank, California, 91501.
Is this property for sale now?
Active Listing: 706 E Verdugo 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 706 E Verdugo Ave are: Joaquin Miller Elementary School: GreatSchools Rating 6/10John 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 $9,692 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 706 E Verdugo Ave has 11 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 706 E Verdugo Ave is 4,575 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 706 E Verdugo Ave is 1920.
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This home is located at 706 E Verdugo Ave in Burbank, CA and zip code 91501 in the The Verdugos neighborhood. This 4,575 square foot home, which was built in 1920, sits on a 0.16 acre lot. Features: 11 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $3,199,000.
Burbank, CA housing market in September 2024 saw over 15 listings sold above listed price, more than 4 sold at listed price and over 22 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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