Active

198 W Elmwood

Burbank, CA 91502

$2,395,000 $10,097/Mo

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Overview

Bed

Bath

4,804

Sqft

7,513

Sqft(Lot)

Description

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafés, entertainment, and the Burbank Town Center. The property is also in close proximity to major employment hubs including Walt Disney Studios, Warner Bros., and the city’s thriving media and technology sector, as well as award-winning Burbank schools. Commuters benefit from excellent freeway access to the 5, 134, and 2, providing direct connectivity to Glendale, Pasadena, Eagle Rock, Downtown Los Angeles, and the San Fernando Valley. This offering represents a rare opportunity to acquire a stable, well-located multifamily asset in one of Los Angeles County’s most resilient and supply-constrained rental markets. Financial Highlights (Based on New Tax Basis): • 4.9% Cap Rate | 14.79 GRM at Current Rents • 5.7% Pro Forma Cap Rate | 13.0 Pro Forma GRM

Property Details

Property Type : Residential Income

Price : $2,395,000

AD Id : 74260388

MLS Id : GD26010495

Lot Size : 7,513 Sqft

Living Area Size : 4,804

Year Built : 1953

Garage : 6

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition Interior Features: Ceiling Fan(s),Walk-In Closet(s) Property Appliances: Dishwasher,Free-Standing Range,Gas Range,Gas Water Heater,Refrigerator,Range Hood Fireplace: None Flooring: Laminate,Tile,Wood
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1953 Building Area Total: 4,804 Construction: Unknown Roof: Composition
Accessibility Features

Parking,See Remarks

Pool Features

None

Laundry Features

Common Area

Fencing

Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1725
Lot Size Source: Assessor Lot Size Square Feet: 7513

Listing Price Information

Original List Price: 2,395,000 Listing Contract Date: 2026-01-15
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2451001035

Garage and Parking

Garage Description: Carport

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 610 - Burbank Directions: between Olive and Alameda Source Property Type: Residential Income Area: 610 - Burbank Property SubType: Mixed Use
Building and Construction

Property Age: 73 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
231 W Cedar Avenue, Burbank, CA, 91502	$899,000	2	2	1,007	1,007 SqFt
271 W Ash Avenue, Burbank, CA, 91502	$1,999,999	6	--	2,824	2,824 SqFt

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ByOwner last updated this listing 06/11/2026 @ 11:45

MLS: GD26010495 LISTED BY: Silvia Ragheb, Trinity Real Estate & Investme 818-281-0478 SOURCE: CRMLS