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198 W Elmwood Ave
Burbank, CA 91502 Rancho Adjacent

$2,395,000 USD

Apartments For Sale  •  4,804 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,804 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1953
  • Cap Rate 4.99 %
  • Zoning BUR4
40 Transit Score
60 Walk Score

Highlights

5.7% Pro Forma Cap Rate | 13.0 Pro Forma GRM
Coin Laundry (machines owned)
Fans in all units
Six covered parking spaces each with storage space & Shared front yard
Stove in Each Unit; three units have Refrigerator and two units have dishwasher.
Newer roof, Newer windows

Financial Summary (Proforma)

Net Operating Income: $137,115 USD (2026)
Cap Rate: 4.99 %
Total Expenses: $45,885 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Storage Space
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Double Pane Windows
  • Linen Closet
  • Smoke Free
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Downtown Burbank Metrolink Station (Metrolink Antelope Valley Line - Amtrak, Metrolink Ventura County Line - Amtrak, Pacific Surfliner - Amtrak) 3 min 14 min 0.8 mi
Burbank Airport - South (Vc Line) Metrolink Station (Metrolink Ventura County Line - Metrolink Trains) 8 min - 4.1 mi
AirportDriveWalkDistance
Bob Hope 11 min - 5.9 mi
Los Angeles International 39 min - 25.4 mi
Long Beach (Daugherty Field) 43 min - 31.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Covered
Included in Rent: Yes
Silvia Ragheb 818-281-0478 Trinity Real Estate & Investments
Silvia Ragheb 818-281-0478 Trinity Real Estate & Investments