CA > Burbank
Burbank, CA 91501,515 E Elmwood Ave
Burbank, CA 91501,515 E Elmwood Ave
Burbank, CA 91501,515 E Elmwood Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$9,100,000
Est. payment /mo
48 Beds
48 Baths
23,440 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,440 sqft

Price per Sqft $388

MLS Listing ID 25618945

Bedrooms 48

Year Built 1987

Lot Size 0.420 Acres

Acres 0.4174

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUR4*

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 48.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Marcus & Millichap

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Kirshner Elkin Properties

+1(424) 214-0133

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