707 E Palm Avenue
Burbank, CA, 91501 $ 1,982,000
Bedrooms8 Baths2.0 Sq 5,283 Monthly Estimate*
$ 13,689
Listed by Zana Zefi, eXp Realty of Greater Los Angeles, zzbuyprivacy@gmail.com
for $1,982,000 with 8 bedrooms and 2 full baths. This 5,283 square foot home was built in 1964 on a lot size of 0.1756.
BURBANK'S OPPORTUNITY OF THE YEAR! FOUR RESIDENCES. ONE EXCEPTIONAL INVESTMENT. Discover a rare California gem featuring a distinctive, character-filled main residence (house) with exquisite woodwork, stonework, stained glass, and a private pool, plus three additional townhomes on one lot. The main residence is delivered vacant, while the three townhomes provide rental income, each with its own one-car garage and storage. The property also offers potential for future expansion or development, subject to zoning, permits, and approvals. Enjoy the best of Southern California living near the dining, shopping, boutiques, and entertainment of Downtown Burbank and Magnolia Park. Families will appreciate the great schools in the stellar Burbank Unified School District. LIVE IN YOUR OWN CALIFORNIA RETREAT WHILE YOUR INVESTMENT WORKS FOR YOU! Four residences, a gorgeous heated and filtered private pool, rental income, and exciting possibilities for future growth - all in one extraordinary property! CALL NOW TO SCHEDULE YOUR PRIVATE TOUR! As a bonus to you, here some very helpful info for you to look into, and expand your knowledge of, prior to viewing the property: The main residence, which is a house, was owner occupied, and it is delivered empty. The photos of the main residence show exactly what you see when you come in. The Airbnb market for the house of this size and location is $1,500-$2,500 a night, while the current residential rental rate is $4,000-$4,500 a month. The three townhouses that are occupied have the same exact layout; that's why only photos of the main residence, and of one of the townhouses are provided. To protect the privacy of the tenant, the pictures of the townhouse have all household items removed - yes, the space is that beautiful! All townhouses have skylight also. All the townhouses, as well as the main residence, have newer dual pane windows, to maintain indoor stable temperatures. The main residence is available for viewing at any time requested, as well as in open houses. CALL NOW TO SCHEDULE YOUR PRIVATE TOUR! The townhouses will be available for viewing for the accepted offer only. https://www.themls.com/showing/request/26104648 PLEASE NOTE: ALL CALCULATIONS, INFORMATION, AND CONTENT IN THIS LISTING SHOULD BE VERIFIED AND SHALL NOT BE DEEMED GUARANTEED.
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FeaturesGeneralLiving Area 5283
Heating Central Electric
Cooling Central Air Electric Wall/Window Unit(s)
Possession Close Of Escrow
Appliances Convection Oven Dishwasher Gas Range Microwave Oven Refrigerator Dryer Washer
Zoning BUR3*
Garage Spaces 5
Patio/Porch Features Porch
Pool Features Fenced
Construction Materials Brick Glass Stone Wood Siding
Year Built 1964
Stories Count 2
Levels Two
Gross Income 114000
County Los Angeles
Net Operating Income 65196
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Less than 1 mile from highway 5. From 5N take Exit 146A Olive Ave. turn Right on Angeleno Ave. Left on Glenoaks Blvd. Right on E. Palm Ave. and the property is on the left. From 5S take Exit 146A Verdugo Ave. turn Left on Downtown Burbank Ikea Way Left onto S. Glenoaks Blvd. Right on E. Palm Ave. and the property is on the left
City Burbank
Disclosures Covenants/Restrictions Disclosure
Entry Location Main Level
Senior Community Y/N false
Number Of Units Total 4
MLS Area 610 - Burbank
Lot Size Units Square Feet
Lot Size Square Feet 7650
Standard Status Active
Occupancy Type Vacant
Year Built Source Assessor
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InteriorInterior Amenities Ceiling Fan(s) Open Floorplan Storage Walk-In Closet(s)
Flooring Carpet Tile Wood
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Laundry Room
Total Bedrooms 8
Entry Level 1
Total Baths 8
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ExteriorParking Features Driveway Electric Gate Oversized Private
Lot Features Back Yard Front Yard Lawn Yard
Total Parking 5
Lot Size Area 7650
Foundation Details Raised
Number of Buildings 4
Building Area Total 5283
Lot Dimensions 50 x 153
Lot Size Acres 0.1756
Lot Size Source Assessor
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* Excluded FeaturesList ByExp Realty Of Greater Los AngelesBroker
zzbuyprivacy@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,689
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $2,766,727
Percent of Sale Price 40%
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 |
|---|
| 10/27/2026 | $1,982,000 | | Listed Price |