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455 - 457 W Elm

Burbank, CA 91506
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Bed 24

Bed

Bath 12

Bath

SqFt14,251

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,500,000

AD Id : 89044526

MLS Id : SR26169083

Beds : 24

Lot Size : 14,251 Sqft

Year Built : 1953

Garage : 6

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1953
    Building Area Total: 9528
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 14251 Lot Size Acres: 0.3272 Lot Size Source: Assessor Lot Size Square Feet: 14,251 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $4500000
    Exchange1031

  • Tax Information

    Parcel Number: 5625022005 Tax Lot: 26

  • Parking Information

    Parking Total: 6

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Location Information

    Direction: S Victory N 134 WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® 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 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 05:34

MLS: SR26169083 LISTED BY: Scott Pinkerton, Century 21 Masters 855-732-5500 SOURCE: CRMLS

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