Burbank Homes with Apartment Subtype

Welcome to Burbank, California – a vibrant city nestled in the heart of Los Angeles County. Known for its rich entertainment history and charming neighborhoods, Burbank offers a unique blend of suburban tranquility and urban excitement. With its close proximity to Hollywood and a plethora of parks, shopping centers, and dining options, Burbank is a sought-after destination for families, professionals, and anyone looking to enjoy the California lifestyle.

One of the standout features of Burbank's real estate market is its diverse housing options, particularly homes with apartment subtypes. These properties offer a fantastic opportunity for homeowners looking to supplement their income or accommodate multi-generational living. Imagine residing in a beautifully designed home while also having the convenience of a separate apartment space that can serve as a rental unit or guest suite.

Burbank's homes with apartment subtypes are often characterized by their spacious layouts and modern amenities. Whether you’re drawn to a cozy bungalow or a more expansive property, you’ll find plenty of options that cater to your lifestyle needs. The city’s family-friendly atmosphere, coupled with its excellent schools and community resources, makes it an ideal place to settle down.

As you explore Burbank, you’ll discover a rich tapestry of culture and community spirit. From the iconic Warner Bros. Studios to the lush landscapes of Griffith Park, there’s always something to see and do. Embrace the charm of Burbank and find your dream home with an apartment today!

Newest Burbank Homes with Apartment Subtype

$4,500,000

SR26169083 MLS ⋅ Active Status

Amazing opportunity to acquire 455-457 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.

455 W Elm, Burbank

$4,675,000

CV26141069 MLS ⋅ Active Status

1814 Grismer Avenue is a turn-key fourteen (14) unit apartment building located in Burbank. Considered the "media capital of the world," Burbank is a major center of the entertainment industry and home to several prominent film and television studios. The opportunity consists of two (2) studio units, ten (10) one-bedroom units and two (2) two-bedroom/two-bathroom units. Additionally, amenities include on-site parking for almost all the units and a gated pool. Lastly, the building has undergone recent capital improvements including a new roof and a new main electrical panel. The city of Burbank does not have traditional rent control but operated under state law (AB 1482). Buyer to verify.

1814 Grismer, Burbank

$1,525,000

SB26136610 MLS ⋅ Active Status

1515 N Hollywood Way presents a rare opportunity to acquire a fully vacant 4-unit apartment building in the highly desirable Burbank market. Built in 1948, the property totals approximately 2,908 square feet on a 5,380 square foot lot and is comprised of (2) 2Bed+1Bath unit and (2) 1Bed+1Bath units. With all units delivered vacant, a new owner has the immediate ability to lease at market rents, select their own tenants, renovate further, or reposition the asset without existing tenant complications. The property has been improved with new paint and offers strong pro forma income potential, with projected scheduled gross income of $141,600 annually based on market rent assumptions of $3,500/month for the 2Bed+1Bath units and $2,400/month for each 1Bed+1Bath unit. At the list price of $1,525,000, the property is priced at $381,250 per unit and approximately $524 per building square foot, with a projected 7.67% cap rate and 9.93 GRM. A major value-add component is the ability to potentially add up to 4 ADUs, creating a significant upside path for a buyer to explore. With the property fully vacant and existing garage/parking improvements already on site, the asset gives investors a clean opportunity to stabilize the current four units while also evaluating additional rental income through ADU development. Buyer to verify all ADU feasibility, zoning, permits, CUP requirements, and development standards with the City of Burbank. Located along Hollywood Way in Burbank, the property benefits from proximity to Magnolia Park, the Media District, Warner Bros. Studios, The Walt Disney Company, ABC Television, shopping, dining, and major employment centers. Unlike properties located in the City of Los Angeles, this Burbank asset is not subject to LA RSO. Burbank has its own tenant protections, and AB 1482 may apply, but the property is not under Los Angeles rent control.

1515 N Hollywood, Burbank

$2,500,000

SR26060849 MLS ⋅ Active Status

Welcome to this highly desirable investment opportunity in one of Burbank's desirable neighborhoods. This quaint and classic Bungalow style five-plex has such character and charm! It offers outstanding curb appeal, excellent frontage, and long-term development flexibility. A highly sought-after unit mix consisting of (1) 2Bedroom/2 bath unit which is NOW VACANT and ready for new tenants (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units. In addition property features 5 garages (1 single garage for each unit). Located in an established multifamily neighborhood and minutes from studios, shopping, dining, and top-rated Burbank schools. A chance like this rarely comes up and won't last long!!! AMAZING OPPORTUNITY!

1113 N Glenoaks, Burbank

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.