Amazing opportunity to acquire 455 W Elm Avenue, a 12-unit multifamily investment property located in Burbank’s
desirable Rancho Adjacent submarket.
A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank
The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style
configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong
curb appeal.
The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated
stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and
approximately $472.29 per square foot.
Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of
approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through
natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.
Additional Features
- 0-1 Unit/Acre
- Parking spaces: 6.00
- Listing Status: Active
- Listing Agent: Scott Pinkerton
(lic# 01338387)
of Southland
- Listing Office: Century 21 Masters
(lic# 01849354)
- CO-Listing Agent: Jeff Simon
(lic# 01198168)
of Southland
- CO-Listing Office: Century 21 Masters
(lic# 01849354)
-
Based on information from CRISNet MLS as of 29th September 2026 at 11:02am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
