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198 W Elmwood, Burbank, CA 91502

Burbank
Local realty services provided by:CENTURY 21 Century Real Estate
198 W Elmwood,Burbank, CA 91502
$2,395,000
  • - Beds
  • - Baths
  • 4,804 sq. ft.
  • Multi-family
  • Active
Listed by: silvia ragheb
Office: trinity real estate & investme818-281-0478
MLS#:GD26010495
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

About this home

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafés, entertainment, and the Burbank Town Center. The property is also in close proximity to major...

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Home facts

  • Year built:1953
  • Listing ID #:GD26010495
  • Added:99 day(s) ago
  • Updated:April 25, 2026 at 10:49 AM

Rooms and interior

  • Flooring:Laminate, Tile, Wood
  • Kitchen Description:Dishwasher, Free Standing Range, Gas Range, Range Hood, Refrigerator
  • Living area:4,804 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:4,804 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Front Yard
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$498.54

Features and amenities

  • Appliances:Dishwasher, Free Standing Range
  • Amenities:Ceiling Fans, Gas Water Heater, Walk In Closets

Parking

  • Total parking spaces:6
  • Parking description:Carport
  • Garage:Yes
  • Garage spaces:6
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