515 E Elmwood Avenue, Burbank, CA, 91501

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$9,100,000
New Listing

515 E Elmwood Avenue
Burbank, CA 91501

For Sale|Residential Income|Active
48
Beds
48
Total Baths
23,440
SqFt
$388
/SqFt
1987
Built
County:
Los Angeles
Listed by Roderick 'Rick' Raymundo of Marcus & Millichap [email protected]
Call Now: 909-750-0222
Is this the listing for you? We can help make it yours.
909-750-0222
515 E Elmwood Avenue515 E Elmwood Avenue515 E Elmwood Avenue515 E Elmwood Avenue
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Monthly Payment (Est.)

$41,518
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Constructed in 1987, the property consists entirely of two bedroom/two bathroom units. Situated north of Glenoaks Boulevard in the foothills of the Verdugo Mountains, the property allows tenants convenient access to Downtown Burbank and the Burbank Town Center shopping mall. 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. An investor can enjoy additional income via the landlord-owned laundry facilities as well as pet rent collected from tenants. 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.

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Listing Snapshot
Price 
$9,100,000
Days On Site 
0 Days
Bedrooms 
48
Inside Area (SqFt) 
23,440 sqft
Total Baths 
48
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.42 Acres
Year Built 
1987
MLS® Number 
25618945
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS®
10 hours agoListing first seen on site
General Features
Acres 
0.42
Levels 
Multi/Split
Number Of Stories 
3
Parking 
Assigned
Parking Spaces 
48
Special Circumstances 
Standard
SqFt Total 
23440
Zoning 
BUR4*
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Community Features
MLS Area 
610 - Burbank


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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