700 S 6th Street
Burbank, CA, 91501 $ 10,150,000
Bedrooms29 Baths9.0 Sq 20,768 Monthly Estimate*
$ 62,495
Listed by Marcus & Millichap
for $10,150,000 with 29 bedrooms and 9 full baths. This 20,768 square foot home was built in 1958 on a lot size of 0.43.
With a prime corner lot location north of Glenoaks Boulevard, the property offers residents a home in the picturesque foothills of the Verdugo Mountains with Downtown Burbank and the Burbank Town Center shopping mall just blocks away. Buildings of this size and in this location are rarely available for sale, with fewer than one such property transacting per year over the past two decades (Source: CoStar COMPS). Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. At the same time, deferred maintenance costs are dramatically reduced as the property has been thoroughly upgraded and well maintained in recent years. Seismic retrofit repairs were completed in January 2026, while a new roof was added, new windows were installed, and plumbing was replaced in 2018/2019. Tenants are easily attracted to the building's impressive amenities package, which includes central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.
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FeaturesGeneralLiving Area 20768
Zoning BUR4*
Year Built 1958
Stories Count 2
Levels Two
Gross Income 894523
County Los Angeles
Net Operating Income 619833
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions We are pleased to announce the opportunity to purchase the Citra Apartment Homes a 34-unit multifamily community located at 700 S 6th Street in Burbank CA.
City Burbank
Senior Community Y/N false
Number Of Units Total 34
MLS Area 610 - Burbank
Lot Size Units Square Feet
Lot Size Square Feet 18731
Standard Status Active
Cap Rate 6.11
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InteriorTotal Stories 2
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 29
Total Baths 34
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ExteriorParking Features Assigned
Total Parking 26
Lot Size Area 18731
Number of Buildings 1
Building Area Total 20768
Lot Size Acres 0.43
Lot Size Source Assessor
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* Excluded FeaturesList ByRick.Raymundo@MarcusMillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $62,495
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Burbank, CA
Average List Price $2,587,944
Percent of Sale Price 75%
About Burbank, CA 4,839 Population
2% Since 2002
$ 64,570 Median Income
36.57 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/1/2026 | $10,150,000 | | Listed Price |