3815 W Heffron Dr, Burbank
Premium Burbank Triplex | A+++ Location
Rare Triplex in prime Burbank adjacent to Toluca Lake offering a 4.24% cap rate with upside, ADU potential, and NO local rent control. Features three 2-bedroom units all with their own patio or yard. Two units delivered VACANT at close. This triplex has been meticulously maintained and is a must see. Located in Magnolia Park, adjacent to Toluca Lake, this is a high-performing, stable asset in one of Burbank’s most desirable neighborhoods.
The Important
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$1,975,000
Triplex
Pre-Market
3
1951
4.24% (Current), 4.78% (Pro Forma)
17.51 (Current), 15.98 (Pro Forma)
$112,800
3,094 sqft
6,298 sqft
$638.33
$658,333
3 x 2b/1b
No
3 Garage Spaces
No Local, Only State
Other Features:
The most pride-of-ownership triplex in Burbank
The Highlights
Rare opportunity to own one of the nicest triplexes in Burbank
Current 4.24% cap rate with significant upside potential—pro forma cap rate of 4.78%!
Two VACANT units at close! Perfect for an owner occupier or to set market rents!
No Rent Control!
Each unit includes its own private yard/patio, offering privacy and a peaceful retreat for tenants.
Incredible value-add opportunity with garages that can be potentially converted into ADUs, adding substantial rental income.
Exceptional location! Minutes from Disney, Warner Bros., NBC, and Universal Studios.
Highly desirable Burbank neighborhood, bordering Toluca Lake, with easy access to local favorites like Jinya Ramen, Don Cuco, and Gindi Thai.
Close proximity to Whole Foods, Magnolia Park’s boutique shops, and a wide variety of dining and entertainment options.
Stunning craftsmanship and attention to detail throughout the property, including a beautiful handcrafted ceramic walkway.
The Neighborhood
<15-Minute Walk
Vons, Whole Foods, Bob’s Big Boy, Priscilla’s, Trader Joe’s, Forman’s Whiskey Tavern, Patys, Sweetsalt, Mendocino Farms, and Hank’s Bagels
<15-Minute Drive
Universal Studios, Warner Bros. Studios, Disney Studios, NoHo Arts District, Whole Foods, Amazon Fresh, Porto’s Bakery, Aroma Coffee and Tea, Forman’s Whiskey Tavern, Idle Hour, Griffith Park, Hollywood Bowl
<$15 Uber Ride
Vons, Whole Foods, Bob’s Big Boy, Priscilla’s, Trader Joe’s, Forman’s Whiskey Tavern, Patys, Sweetsalt, Mendocino Farms, and Hank’s Bagels
Property Presented By:
