Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank\u2019s<\/p>\n
desirable Rancho Adjacent submarket.<\/p>\n
A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank<\/p>\n
The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style<\/p>\n
configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong<\/p>\n
curb appeal.<\/p>\n
The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated<\/p>\n
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<\/p>\n
approximately $472.29 per square foot.<\/p>\n
Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of<\/p>\n
approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through<\/p>\n
natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.<\/p>","protected":false},"excerpt":{"rendered":"
Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":4495534,"parent":0,"menu_order":0,"template":"","property_type":[74],"property_status":[1034],"property_feature":[95,99,107],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[346],"property_area":[],"class_list":["post-4495532","property","type-property","status-publish","has-post-thumbnail","hentry","property_type-apartment","property_status-residential-income","property_feature-has-cooling-system","property_feature-has-garage","property_feature-property-attached","property_label-active","property_state-los-angeles","property_city-burbank"],"property_meta":{"_mlsimport_listing_key":["1178791059"],"MLSimport_item_inserted":["94072"],"fave_property_land_postfix":["Square Feet"],"fave_property_garage":["6"],"fave_property_year":["1953"],"fave_property_address":["Elm"],"fave_property_price":["4250000"],"fave_property_land":["0.3272"],"fave_property_country":["United States"],"fave_property_zip":["91506"],"fave_property_map_address":["455 - 457 W Elm"],"houzez_geolocation_long":["-118.310705"],"houzez_geolocation_lat":["34.162337"],"fave_property_id":["SR26169083"],"property_bathrooms":[""],"fave_property_bathrooms":[""],"REAL_HOMES_property_bathrooms":[""],"fave_contact-mail":["scottyp818@yahoo.com"],"fave_brokered-by":["Century 21 Masters"],"fave_listed-by":["Scott Pinkerton"],"fave_contact-phone":["818-266-9982"],"fave_dre":["01338387"],"mlsimport_stored_modification_timestamp":["2026-09-09T18:50:41.050-00:00"],"mlsimport_synced_mod":["1788979841"],"mlsimport_stored_write_config_version":["cbeb9f57de1c6565937309b36393a1e55515b1366bb096892bba9eb4f914a943"],"fave_property_location":["34.162337,-118.310705"],"property_location":["34.162337,-118.310705"],"additional_features":["a:0:{}"],"fave_agents":["0"],"fave_agent_display_option":["agent_info"],"fave_featured":["0"],"houzez_featured_listing_date":[""],"fave_property_map":["1"],"fave_property_map_street_view":["show"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"fave_additional_features_enable":["enable"],"fave_property_size_prefix":["Sq Ft"],"fave_property_images":["4495534","4495535","4495536","4495537","4495538","4495539","4495540","4495541","4495542","4495543","4495544","4495545","4495546","4495547","4495548","4495549"],"_thumbnail_id":["4495534"],"houzez_total_property_views":["18"],"houzez_views_by_date":["a:6:{s:10:\"09-09-2026\";i:2;s:10:\"09-10-2026\";i:1;s:10:\"09-11-2026\";i:3;s:10:\"09-12-2026\";i:4;s:10:\"09-13-2026\";i:2;s:10:\"09-14-2026\";i:6;}"],"houzez_recently_viewed":["2026-09-14 07:35:54"],"_elementor_page_assets":["a:0:{}"]},"yoast_head":"\n