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515 E Elmwood Ave
Burbank, CA 91501 Burbank

$9,100,000 USD

Apartments For Sale  •  23,440 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,440 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1987
  • Zoning BUR4*
50 Transit Score
81 Walk Score

Highlights

All Two Bedroom/Two Bathroom Units Constructed in 1987 in Prime Burbank Foothills Location, North of Glenoaks Boulevard
Attractive 5.72% CAP Rate with Rent Upside
Not Subject to Los Angeles Rent Control -- Burbank’s Proposed Rent Legislation Allows for Higher Rent Increases When Compared to LA City
Full Copper Plumbing and Central Air/Heat for All Units
Large Semi-Subterranean Parking Garage with Two Spaces per Unit
Marketed for Sale for First Time in Over 33 Years

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Laundry Facilities
  • Microwave
  • Tenant Controlled HVAC
  • Pet Play Area
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Kitchen
  • Granite Countertops
  • Oven
  • Range
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak) 4 min - 1.6 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.8 mi
AirportDriveWalkDistance
Bob Hope 11 min - 6.6 mi
Los Angeles International 40 min - 26.6 mi
Long Beach (Daugherty Field) 45 min - 32.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Covered
Included in Rent: Yes
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