198 W Elmwood, Burbank, CA 91502

Burbank
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
198 W Elmwood,Burbank, CA 91502
$2,395,000
  • - Beds
  • - Baths
  • 4,804 sq. ft.
  • Multi-family
  • Active
Listed by: silvia ragheb
Office: trinity real estate & investme818-281-0478
MLS#:GD26010495
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

About this home

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafés, entertainment, and the Burbank Town Center. The property is also in close proximity to major...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1953
  • Listing ID #:GD26010495
  • Added:144 day(s) ago
  • Updated:June 09, 2026 at 10:49 AM

Rooms and interior

  • Flooring:Laminate, Tile, Wood
  • Kitchen Description:Dishwasher, Free Standing Range, Gas Range, Range Hood, Refrigerator
  • Living area:4,804 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:4,804 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Front Yard
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

Features and amenities

  • Appliances:Dishwasher, Free Standing Range
  • Amenities:Ceiling Fans, Gas Water Heater, Walk In Closets

Parking

  • Total parking spaces:6
  • Parking description:Carport
  • Garage:Yes
  • Garage spaces:6
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Better Homes and Gardens Real Estate Wine Country Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Wine Country Group, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 198 W Elmwood