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515 E Elmwood Ave
Burbank, CA 91501
1987 Built | All 2+2 Units in Prime Burbank · Multifamily Property For Sale
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24 Units
Investment Highlights
- All Two Bedroom/Two Bathroom Units Constructed in 1987 in Prime Burbank Foothills Location, North of Glenoaks Boulevard
- Not Subject to Los Angeles Rent Control -- Burbank’s Proposed Rent Legislation Allows for Higher Rent Increases When Compared to LA City
- Large Semi-Subterranean Parking Garage with Two Spaces per Unit
- Attractive 5.72% CAP Rate with Rent Upside
- Full Copper Plumbing and Central Air/Heat for All Units
- Marketed for Sale for First Time in Over 33 Years
Property Facts
| No. Units | 24 | Lot Size | 0.42 AC |
| Property Type | Multifamily | Building Size | 23,440 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| Zoning | BUR4* - Residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 23,440 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | BUR4* - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Granite Countertops
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Trash Pickup - Curbside
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | $2,176 | 925 |
Property Taxes
| Parcel Number | 5621-025-049 | Improvements Assessment | $2,942,067 |
| Land Assessment | $1,961,377 | Total Assessment | $4,903,444 |
Property Taxes
Parcel Number
5621-025-049
Land Assessment
$1,961,377
Improvements Assessment
$2,942,067
Total Assessment
$4,903,444
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