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1341 N Keystone St
For Sale $2,200,000
$2,200,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 5,376 Sq Ft
Description
Roof replaced in 2024 with four years of prepaid maintenance included, plus brand-new flooring installed in all units — this turn-key Burbank multi-family property is ready for your portfolio.
This well-maintained five-unit building blends long-term stability with real upside. Featuring two updated 2-bedroom units (one with 1 bath, one with 1.5) and three 1-bedroom, 1-bath units, the property offers a strong income stream from fully occupied units — four on flexible month-to-month terms and one under lease.
Recent capital improvements and steady tenant demand make this a low-maintenance, high-potential investment in a prime Burbank location. Each unit includes garage parking (one rented separately for added income), with window A/C, double security doors, and professionally managed laundry services on-site.
Located in the heart of Magnolia Park, tenants enjoy walking access to Warner Bros., Disney, local shops, top-rated schools, and the Chandler Bike Path — a major draw for renters seeking convenience, charm, and community.
Whether you’re looking to hold, improve rents, or explore future redevelopment, this is a rare chance to own a cash-flowing asset in one of Burbank’s most sought-after neighborhoods.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 6 spots |
| Year Built | 1947 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 2438018028 |
| MLS # | GD25114572 |
| Property ID | 292448843 |
| Lot Sqft | 5,376 |
| Zoning | BUR4* |
| Total Units | 5 |
| Days on Market | 209 |
| Original List Price | $2,200,000 |
| Date Updated | July 03, 2025 |
| Date Created | May 16, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $11,265 | $0 |
| Net Income (Yr) | $ 105,408 |
| Cap Rate | 4.79% |
Listing Provided By
Seda Stepanyan an agent of . Lic #02222453
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of July 03, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT