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515 E Elmwood Avenue, Burbank, CA 91501

Local realty services provided by:CENTURY 21 Fort Bragg Realty
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:74 day(s) ago
  • Updated:January 27, 2026 at 11:24 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Fort Bragg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Fort Bragg Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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