With a prime corner lot location north of Glenoaks Boulevard, the property offers residents a home in the picturesque foothills of the Verdugo Mountains with Downtown Burbank and the Burbank Town Center shopping mall just blocks away. Buildings of this size and in this location are rarely available for sale, with fewer than one such property transacting per year over the past two decades (Source: CoStar COMPS). Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. At the same time, deferred maintenance costs are dramatically reduced as the property has been thoroughly upgraded and well maintained in recent years. Seismic retrofit repairs were completed in January 2026, while a new roof was added, new windows were installed, and plumbing was replaced in 2018/2019. Tenants are easily attracted to the building's impressive amenities package, which includes central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows. Dubbed the "Media Capital of the World, " the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.
Multi-familyProperty Type
1958Year Built
0.43 acresLot Size
$457Price/Sq.Ft.
26 spacesParking
Listed by Roderick 'Rick' Raymundo•DRE #01357019• Marcus & Millichap
Hillside District, located between the Verdugo Mountains and the Burbank Channel, is a residential and hillside Burbank neighborhood with winding streets and canyon views. The character concentrates around Bel Aire Drive near DeBell Golf Club, where trailhead chatter and the quiet rhythm of tee times set the tone. Mid-century ranch homes and view-oriented lots follow the contours, with pockets of equestrian-style properties near the stables. DeBell Golf Club and Castaway anchor the local scene with a classic Burbank feel. Stough Canyon Nature Center frames daily routines with switchback hikes and shaded picnic tables. The geography reads as a buffer of chaparral and backyards, with city lights below and ridgelines above.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Other equipment
As-is condition (disclosures)
Bedrooms
Studio units included (0-bedroom units present)
Bathrooms
One bathroom in several unit types
Kitchen
Kitchens present in residential units
Laundry & utility
On-site utility setups for individual units
Heating & cooling
Other heating
Other cooling
Exterior features
Multiple outdoor/other structures on the property
Landscaped lot (standard multifamily lot improvements implied)
Home design
Residential income property
Two-level building (2 total floors)
Parking
Assigned garage parking
A total of 26 parking spaces
Utilities
Standard municipal utilities (water, sewer, power) implied
HOA & community
34 units in the complex
Financial info
Gross income approximately $894,523
Gross operating income approximately $869,047
Net operating income approximately $619,833
Total annual expenses approximately $249,214
Cap rate about 6.11
Gross rent multiplier about 11.35
Actual rent reported for unit types and totals
Unit mix includes 0-, 1-, 2-, 3-, and 4-bedroom unit types across the property
One building on the site
Other
Zoning: BUR4*
Lot area approximately 0.4281 acres
Electricity and solar
View estimated energy costs and solar savings for this home
The R-4 High Density Residential Zone is intended for higher density multifamily development, including rental and ownership options. The zone is intended to accommodate a higher intensity of multifamily development. With limited exceptions as allowed through the Conditional Use Permit process, non-residential uses are generally not appropriate in the R-4 Zone.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
8% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Burbank, CA • 91501
Average low and high temperatures (°F)
64
44
66
47
69
49
66
48
71
52
76
55
82
59
85
62
80
61
76
55
66
48
65
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Burbank. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 700 S 6th St
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