515 E Elmwood Avenue, Burbank, CA 91501

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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:55 day(s) ago
  • Updated:December 19, 2025 at 02:27 PM

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
Based on information from California Regional Multiple Listing Service, Inc. as of January 8, 2026 . 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. 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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