406 UNIVERSITY Avenue
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Price Decreased |
$1,400,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Jul 21, 2025 | Listed by Compass | $1,450,000 | |
| Listed by Compass | |||
| | |||
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Tucked away on a quiet street in the desirable Burbank Hills, this inviting 3-bedroom, 2-bathroom home offers 1,722 square feet of comfortable living on a generous 6,945 square foot lot. Step inside to a bright and welcoming living room featuring hardwood floors, recessed lighting, and a cozy fireplace—perfect for relaxing or entertaining.
A formal dining room flows into the charming eat-in kitchen, which has been recently refreshed with newly painted cabinetry, tile countertops, and a spacious pantry. Just off the kitchen, a large and versatile family room provides even more living space for movie nights, a play area, or a home office.
The primary bedroom offers direct access to the backyard, while two additional bedrooms and two full bathrooms ensure comfort and functionality for family and guests alike.
Outside, enjoy a private backyard with a covered patio ideal for dining al fresco or lounging in the shade. A lush side yard is home to mature fruit trees including lemon, orange, mandarin, lime, pomegranate, and avocado—bringing charm and natural beauty to the space.
Modern upgrades include enhanced plumbing and electrical systems, new insulation, a newer roof and gutters, wired Ethernet throughout, leased solar panels, and drought-tolerant landscaping for efficiency and sustainability. The detached garage includes a workshop and a custom soundproof booth, perfect for creative projects or remote work.
Located in the highly rated Burbank Unified School District and close to parks, shops, and dining, this thoughtfully updated home blends classic character with added space and modern convenience in one of Burbank’s most cherished neighborhoods.
| |||
| Jul 19, 2025 | Price Decreased |
$1,450,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017