252 W Elm Avenue, Burbank, CA 91502
Local realty services provided by:Better Homes and Gardens Real Estate Clarity



252 W Elm Avenue,Burbank, CA 91502
$5,549,000
- - Beds
- - Baths
- 11,589 sq. ft.
- Multi-family
- Active
Listed by:jared levine
Office:keller williams realty calabasas
MLS#:SR25053862
Source:CRMLS
Price summary
- Price:$5,549,000
- Price per sq. ft.:$478.82
About this home
SELLER WANTS TO SEE OFFERS: We are pleased to present the opportunity to acquire Elm Gardens, a stabilized 16-unit multifamily property located in the highly sought-after Rancho Adjacent submarket of Burbank. Ideally positioned near major landmarks and entertainment hubs, Elm Gardens offers a quality living experience in one of Los Angeles’ most desirable rental markets. Originally constructed in 1960, the property sits on a 13,097 SF lot and features a building footprint of 11,589 SF, zoned BUR4.
Elm Gardens presents an exceptional opportunity to acquire a stabilized asset in Burbank’s high-demand rental market, with further potential for value-add opportunities through tenant repositioning. Under current ownership, approximately 14 out of the 16 units have undergone various levels of updates, making this property an attractive option for investors seeking a stabilized investment with room for additional improvements. The property is not subject to local rent control but adheres to California's AB1482 Rent Control guidelines, offering a balanced regulatory environment. Burbank’s status as the “Media Capital of the World” ensures strong demand for rental properties, and Elm Gardens benefits from its proximity to major entertainment studios, businesses, and transit routes. With 80% of its units featuring two-bedroom layouts, Elm Gardens appeals to a diverse range of tenants, including families and professionals. The property also offers key amenities such as a pool, parking, laundry room, and immediate access to the Burbank Channel Bikeway.
Elm Gardens is ideally located in Burbank’s Rancho Adjacent submarket, one of the most desirable neighborhoods in the entertainment capital of the world. The property is just minutes from major entertainment studios and industry landmarks, offering significant appeal to professionals in the media and entertainment sectors. The surrounding area boasts upscale businesses, trendy restaurants, and boutiques, creating an attractive living and working environment. Conveniently located near the 134 and 5 Freeways, Elm Gardens offers unparalleled transit access, allowing residents and commuters easy connections to all areas of Los Angeles. With Burbank’s constrained rental market and continued demand driven by the media industry, Elm Gardens represents an exceptional opportunity to secure a well-located, income-generating asset in one of the city’s most coveted locations.
Contact an agent
Home facts
- Year built:1960
- Listing Id #:SR25053862
- Added:155 day(s) ago
- Updated:August 13, 2025 at 01:10 PM
Rooms and interior
- Living area:11,589 sq. ft.
Structure and exterior
- Year built:1960
- Building area:11,589 sq. ft.
- Lot area:0.3 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,549,000
- Price per sq. ft.:$478.82
New listings near 252 W Elm Avenue
- New$1,284,000Active2 beds 1 baths1,002 sq. ft.
310 S Bel Aire Drive, Burbank, CA 91501
MLS# CRCV25182102Listed by: STIGLER MORTGAGE - Open Sat, 2 to 4pmNew$1,350,000Active3 beds 3 baths2,143 sq. ft.
2024 N Kenwood Street, Burbank, CA 91505
MLS# BB25182880Listed by: BETTER HOMES AND GARDENS REAL ESTATE TOWN CENTER - New$1,329,000Active3 beds 1 baths1,434 sq. ft.
1377 N Catalina Street, Burbank, CA 91505
MLS# CRGD25182815Listed by: HD REALTY GROUP - New$869,000Active2 beds 1 baths1,071 sq. ft.
2914 W Chandler Boulevard, Burbank, CA 91505
MLS# CL25577955Listed by: COMPASS - New$1,799,000Active5 beds 4 baths2,887 sq. ft.
648 Uclan Drive, Burbank, CA 91504
MLS# CRGD25177321Listed by: KELLER WILLIAMS R. E. SERVICES - New$1,200,000Active3 beds 2 baths1,084 sq. ft.
1343 N Whitnall Hwy, Burbank, CA 91505
MLS# CRSR25181774Listed by: KELLER WILLIAMS HOLLYWOOD HILLS - New$875,000Active4 beds 3 baths1,602 sq. ft.
7901 Via Stefano, Burbank, CA 91504
MLS# GD25182094Listed by: COLDWELL BANKER HALLMARK - New$695,000Active2 beds 3 baths1,680 sq. ft.
4157 W Sarah Street #19, Burbank, CA 91505
MLS# CRBB25180715Listed by: KELLER WILLIAMS REALTY WORLD MEDIA CENTER - New$1,149,000Active3 beds 3 baths1,212 sq. ft.
1217 N California Street, Burbank, CA 91505
MLS# CRSR25178973Listed by: REDFIN CORPORATION - New$1,790,000Active3 beds 2 baths2,132 sq. ft.
1219 N Lincoln Street, Burbank, CA 91506
MLS# SR25181648Listed by: BERKSHIRE HATHAWAY HOMESERVICE