707 E Palm Avenue

About This Property

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! 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. The townhouses will be available for viewing for the accepted offer only. PLEASE NOTE: ALL CALCULATIONS, INFORMATION, AND CONTENT IN THIS LISTING SHOULD BE VERIFIED AND SHALL NOT BE DEEMED GUARANTEED.

Unit Mix

• 1 unit · 2bd / 2ba
• 1 unit · 6bd / 6ba

Neighborhood

This property is located in Burbank. Want to learn more about the area?