Active

303 E Alameda Avenue

Burbank, CA 91502

$7,255,000 $30,587/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

17,572

Sqft

13,827

Sqft(Lot)

Description

Situated near Glenoaks Boulevard and less than one mile from Downtown Burbank, the property lies in one of the densest and most prime rental pockets of Burbank. Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The property has been heavily upgraded and well-maintained, with a new roof installed in 2023. Seismic retrofit reinforcements and gas shutoff valves were installed in 2024, along with a new main water heater. Closed-circuit security cameras and new landscaping have also been added to the property in recent years. The property's unit mix features mostl y two-bedroom apartments, helping to attract both families and business professionals seeking additional remote working space. The well-amenitized building includes central air/heat for all units, along with stainless steel appliances, stone countertops, and balconies in most apartments. An investor can benefit not only from the top rents these upgraded apartments command, but also from several supplemental income streams, including RUBS, renter's insurance, and on-site laundry revenue. With a Walk Score of 91 and having earned the label "Walker's Paradise," the property offers tenants convenient access to the nation's largest IKEA store just one block away, as well as the Burbank Town Center Shopping Mall and numerous shops and restaurants along Glenoaks Boulevard and nearby Downtown Burbank. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.

Property Details

Property Type : ResidentialIncome

Price : $7,255,000

AD Id : 91447845

MLS Id : 26991739

Beds : 34

Lot Size : 13,827 Sq. Ft

Living Area Size : 17,572 Sq. Ft

Year Built : 1963

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 34

Bathroom Information

Total Baths: 34

Building Information

Year Built: 1963

Building Area Total: 17572

Stories: 2

Private Pool: No

Lot Information

Lot Dimensions: 97x146 Main Square Feet: 13827 Lot Size Acres: 0.3174 Lot Size Source: Assessor Lot Size Square Feet: 13,827

Listing Price Information

Listing Price: $7255000

Tax Information

Parcel Number: 2453039025

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 21 Assigned

Garage Information

Has Attached Garage: Yes

Location Information

Direction: We are pleased to announce the opportunity to purchase 303 E Alameda Avenue, a 20-unit multifamily property located in Burbank, CA.

Sell a home like this and save $434,801 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
335 -337 E Providencia .., Burbank, CA, 91502	$3,295,000	9	11	8,018	8,712 Sq. Ft
231 W Cedar Avenue, Burbank, CA, 91502	$899,000	2	2	1,007	4,789 Sq. Ft
271 W Ash Avenue, Burbank, CA, 91502	$1,999,999	6	4	2,824	6,946 Sq. Ft

Similar Homes To 303 E Alameda Avenue

Nearby For Sale

$899,000

Home For Sale

231 W Cedar Avenue,
Burbank, CA, 91502

Bed

Bath

Sqft

Sqft(Lot)

2924 W Riverside Drive,
Burbank, CA, 91505

Bed

Sqft

Sqft(Lot)

1414 N Whitnall Highway,
Burbank, CA, 91505

Bed

Bath

Sqft

Sqft(Lot)

1135 E Verdugo Avenue,
Burbank, CA, 91501

Bed

Bath

Sqft

Sqft(Lot)

271 W Ash Avenue,
Burbank, CA, 91502

Bed

Bath

2,824

Sqft

6,946

Sqft(Lot)

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 10/01/2026 @ 02:11

MLS: 26991739 LISTED BY: Roderick 'Rick' Raymundo, Marcus & Millichap 818-212-2700 SOURCE: CRMLS