515 E Elmwood Avenue, Burbank, CA 91501

Local realty services provided by:Better Homes and Gardens Real Estate Champions
515 E Elmwood Avenue,Burbank, CA 91501
$9,100,000
  • 48 Beds
  • 48 Baths
  • 23,440 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap
MLS#:25618945
Source:CRMLS

Price summary

  • Price:$9,100,000
  • Price per sq. ft.:$388.23

About this home

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

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Home facts

  • Year built:1987
  • Listing ID #:25618945
  • Added:1 day(s) ago
  • Updated:November 14, 2025 at 03:26 AM

Rooms and interior

  • Bedrooms:48
  • Total bathrooms:48
  • Living area:23,440 sq. ft.

Structure and exterior

  • Year built:1987
  • Building area:23,440 sq. ft.
  • Lot area:0.42 Acres

Finances and disclosures

  • Price:$9,100,000
  • Price per sq. ft.:$388.23
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