Category Archives: Burbank

los angeles ca burbank for rent lease duplex

FOR RENT…..FOR LEASE…. Los Angeles CA, BURBANK 3bed/1bath home!

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MultiFamilyOWL’s top rated property for rent on August 28th, 2014 was a super charming 3 bedroom 1 bathroom home on GlenOaks Blvd. in Burbank, Los Angeles CA.  The property is currently listed for lease for rent by Darin Chase Re/Max Elite 818-500-4007.  To view many more interior/exterior pictures, price and in depth description of this amazing property for lease/rent and others like it please always remember to go to our main search website at www.MultiFamilyOWL.com

BURBANK, CA, FOR RENT, FOR LEASE
Burbank is located in Los Angeles County northwest of downtown Los Angeles and is a
great place to rent multifamily, duplex, triplex, fourplex and larger commercial apartment
properties. Its job industry, conveniences, and attractions make this a great place to live and
there is a good market available to rent multifamily properties such as duplexes, triplexes, and
fourplexes. There is also no rent control in Burbank.
Burbank’s population was 104,391 as of 2012. The estimated median household income
in 2011 was $64,147 (it was $47,467 in 2000). This is larger than the California median which
was $57,287 in 2011.
Burbank has large publishing, and motion picture and sound recording industries which
comprise 12% of all industries in the city, as well as a large percentage of its residents working
as accountants and auditors (25%). The Walt Disney Company has its headquarters in Burbank
and employs 7,900 workers and Warner Bros employs 7,400, which makes them the top two
employing companies in the city.
The city also enjoys being close to a variety of conveniences. It has its own airport, the
Bob Hope Airport, which services almost 5 million passengers each year, and it is also only
29 miles to the Los Angeles International Airport (LAX). The Providence Saint Joseph Medical
Center is in Burbank and there are other hospitals nearby, including Kaiser Foundation (6 miles)
and Hollywood Community Hospital (6 miles). There are also a number of universities and
colleges in or near Burbank, with the biggest being University of California Los Angeles (UCLA)
which has over 37,000 full time enrolled students and is only 10 miles away.
The revitalized downtown Burbank also provides shopping, dining, and entertainment.
The San Fernando Strip is an exclusive mall designed to be a modern urban village, with
apartments above the mall. An upscale shopping district is located in the state-of-the-art Empire
Center neighborhood. The Burbank Town Center is a retail complex adjacent to the downtown
core.
All of these features make Burbank a great city to rent multifamily properties such as
duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing
community has great attractions, a healthy work industry, and great renters. The “Media Center
of the World” and the desire for people to live here, make it an ideal location for multifamily living
and the city does have great duplex, triplex, and fourplex properties.
This information was gathered from: www.burbankca.gov ,city-data.com, and wikipedia

 
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Burbank, California. Great tenant base of accountants and actors!

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Burbank, California currently has a good inventory of duplex, triplex and fourplex investment properties available for sale.  With no rent control, reasonable valuations, close proximity to Hollywood and a strong employment market, income property buyers should take a closer look at Burbank.

Burbank has large publishing, and motion picture and sound recording industries which comprise 12% of all industries in the city, as well as a large percentage of its residents working as accountants and auditors (25%). The Walt Disney Company has its headquarters in Burbank and employs 7,900 workers and Warner Bros employs 7,400, which makes them the top two employing companies in the city.

Using the CRMLS as our reference, there have been four multifamily closings thus far in January/February 2014 in Burbank.  The closed sales consist of one duplex (closed 01/29/14 at $605,000), two triplexes (closed 01/17/14 at $680,000 & 01/24/14 at $753,000) and one fourplex (closed 02/04/14 at $800,000) .  More sales are still needed to accurately form an analysis of sales averages thus far for 2014, but this is certainly a healthy start for the year.