615 E Magnolia Boulevard, Burbank, CA 91501
Property
Sold May 2026
Listing Agent: Nancy Sanborn (DRE #00771096) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 310-777-7800 · Bought with: Koko Polosajian · Standard Home Realty · MLS #25626665 · Source: CRMLS
How this sale compares
615 E Magnolia Boulevard sold for $3,000,000 in May 2026, 14% under its $3,495,000 list price, after 86 days on the market. It was first listed at $3,750,000. That works out to $381 per square foot on 7,874 square feet. Across 57 closed sales in 91501 over the last 12 months, the median sold price is $1,307,777 and the median is $675 per square foot, 77% above this sale's $381.
| Quarter | Closed sales in 91501 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $1,357,474 |
| Q2 2026 | 25 | $1,455,000 |
| Q3 2026 | 23 | $1,030,000 |
| Q4 2026 | 5 | $915,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Burbank · Homes for sale in 91501
Description
615 E. Magnolia Blvd. is an 11 unit multifamily property in a desirable Burbank location with steady rental demand, strong occupancy, and convenient access to nearby amenities. The building offers about 7,874 square feet of living space on a centrally located parcel near dining, parks, schools, and major entertainment employers. The property has street and alley access with gated entry and parking. There are 10 covered parking spaces and two uncovered. The roof was replaced in 2025. The unit mix includes five 2 bedroom units and six 1 bedroom units, several with balconies. The building has been family owned and maintained for more than 50 years and shows a long history of care and consistent performance. Laundry income provides an additional revenue source. The neighborhood offers a residential feel with close proximity to shopping, cafes, major roadways, and the Media District. Burbank continues to show reliable occupancy, strong tenant demand, and resilient rental trends. This 11 unit building is a strong opportunity for buyers seeking income stability, a well cared for asset, and long term positioning in one of the most durable markets in the San Fernando Valley.
Listing description from the May 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 615 E Magnolia Boulevard
638 E San Jose Avenue: Sold $1,217,500 · 5 bd · 3 ba · 1,949 sqft · Aug 2026 · 0.1 mi
Re/Max Tri-City | DRE #01353222
Buyer's agent: Dana Austin, Compass | DRE #02200446565 E San Jose PH1: Sold $1,080,000 · 3 bd · 4 ba · 1,793 sqft · Aug 2026 · 0.1 mi
Coldwell Banker Hallmark | DRE #01891141
Buyer's agent: Noubar Abrahamian, Equity Union | DRE #01752107557 E San Jose Avenue 7: Sold $685,000 · 2 bd · 3 ba · 1,125 sqft · Jun 2026 · 0.1 mi
Brad Korb Real Estate Group | DRE #00698730
Buyer's agent: Arture Bertikyan, Keller Williams Realty-Studio City | DRE #01900552716 E San Jose Avenue: Sold $1,650,000 · 6 bd · 3 ba · 3,182 sqft · May 2026 · 0.1 mi
Keller Williams Studio City | DRE #01349349
Buyer's agent: Angela Julfayan, Coldwell Banker Hallmark | DRE #01086029552 E Palm Avenue C: Sold $727,000 · 2 bd · 3 ba · 1,174 sqft · Oct 2026 · 0.1 mi
727 E Palm: Sold $1,350,000 · 5 bd · 4 ba · 2,518 sqft · Jun 2026 · 0.1 mi
The One Luxury Properties | DRE #01836994
Buyer's agent: Sipan Movsesyan, JohnHart Real Estate | DRE #02155003601 E Orange Grove 106: Sold $565,000 · 2 bd · 2 ba · 925 sqft · Jan 2026 · 0.2 mi
Ryker Flint Commercial Inc. | DRE #01907467
Buyer's agent: David Orenstein, Ryker Flint Commercial Inc. | DRE #01907467615 N 6th Street: Sold $900,000 · 2 bd · 1 ba · 720 sqft · Oct 2026 · 0.2 mi
Redfin Corporation | DRE #02134386
Buyer's agent: RAQUEL PEREZ, Elevate Real Estate Agency | DRE #01757424
Closed sales reported in 91501, nearest first, last 12 months. All recent sales in Burbank →