2310 Washington Circle, Burbank, California 91504, Burbank, 91504 - bed, bath

2310 Washington Circle, Burbank, California 91504 home-pic-0
ACTIVE$2,150,000
2310 Washington Circle, Burbank, California 91504
0Bed
0Bath
7,373Sqft
10,764Lot
Year Built
1965
Close
-
List price
$2.15M
Original List price
$2.25M
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
TR25069151
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

Exceptional Investment Opportunity in Prime Burbank! Introducing a chance to own a 7-unit apartment building, NEWLY ROOFED in 2024 with a copper re-pipe in 2015, ideally situated in the bustling heart of Burbank, California. With 7,373 square feet of living space sprawled over a 10,764 square-foot lot, this two-story gem offers both location and potential, making it a must-see for savvy investors. Centrally located just minutes from the vibrant Burbank Empire Center, it provides tenants easy access to a wide range of shopping and dining options. The building comprises five spacious two-bedroom, one-bath units, and two generous three-bedroom, two-bath units. Parking includes three garage spaces and six carports, each with additional storage. A community laundry room with coin-operated machines adds tenant convenience and generates an additional income stream. With its potential for reorganization, this property offers significant upside income opportunities, perfect for those looking to expand their investment portfolio in a high-demand rental market. Don’t miss your chance to invest in this highly sought-after area.

Price History

Date
Event
Price
08/20/25
Price Change
$2,150,000
04/01/25
Listing
$2,250,000
Condition Rating
Fair

The property, built in 1965, has seen significant recent updates to major building systems, including a new roof in 2024 and a copper re-pipe in 2015. These updates are excellent for the building's structural integrity and plumbing. However, the listing provides no interior photos or details regarding the condition, style, or features of the kitchens, bathrooms, flooring, or appliances within the 7 units. The exterior image reveals visible window AC units, suggesting that individual units may lack modern central cooling systems. The description also mentions 'potential for reorganization' and 'significant upside income opportunities,' which often implies that interior updates would be beneficial to maximize rental value. Without evidence of recent interior renovations, it's highly probable that the unit interiors, particularly kitchens and bathrooms, are functional but dated, requiring minor to moderate updates to meet current aesthetic and amenity standards. This aligns with a 'Fair' condition, where the property is aged but maintained, with major components (like unit interiors) showing signs of being outdated despite recent building-wide system upgrades.
Pros & Cons

Pros

Prime Investment Location: Situated in the bustling heart of Burbank, minutes from the vibrant Burbank Empire Center, offering high tenant demand and access to extensive shopping and dining options.
Strong Income Potential: A 7-unit apartment building with a diverse mix of 2-bedroom and 3-bedroom units, plus an additional income stream from a coin-operated community laundry room, presenting significant upside income opportunities.
Recent Capital Improvements: Major building components have been recently updated, including a newly installed roof in 2024 and a copper re-pipe in 2015, reducing immediate capital expenditure for a new owner.
Diverse Unit Mix: Comprises five spacious two-bedroom, one-bath units and two generous three-bedroom, two-bath units, catering to a broad range of tenant needs and preferences.
Ample Parking & Storage: Provides convenient tenant amenities including three garage spaces and six carports, each with additional storage, which is a significant draw in urban rental markets.

Cons

Age of Property & Unit Condition: Built in 1965, and while major structural updates are noted, the description lacks details on individual unit renovations, suggesting potential for dated interiors and further capital expenditure to maximize rental income.
Implied Value-Add Requirement: Phrases like 'potential for reorganization' and 'significant upside income opportunities' indicate that the property likely requires substantial investment in unit upgrades or management optimization to achieve its full income potential.
Lack of Financial Transparency: The listing does not provide current rental income, occupancy rates, or detailed operating expenses, which are critical for investors to accurately assess the property's current performance and projected returns.

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