316 E Elmwood Burbank, CA $ 4,750,000
316 E Elmwood
$ 4,750,000
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316 E Elmwood

Burbank, CA, 91502
$ 4,750,000
Bedrooms-- Baths1.0 Sq 9,420

Monthly Estimate*

$ 32,807

Listed by Susan Featherly, Better Homes and Gardens Real Estate Town Center, susanfeatherly@gmail.com
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Multi-Family Home for sale in Burbank, CA

for $4,750,000 with 1 full bath. This 9,420 square foot home was built in 1989 on a lot size of 0.1659.

An attractive multifamily investment opportunity in the highly desirable Burbank rental market. 316 E. Elmwood Avenue consists of 10 residential units offering a diverse mix of floor plans designed to appeal to a broad tenant base. The property features (2) three-bedroom units, (2) two-bedroom units, and (6) one-bedroom units, providing a versatile range of housing options. The property offers several valuable improvements and amenities, including a newer roof, newer automated gate system, and central HVAC. Additional features include community laundry facilities and subterranean parking, providing residents with added convenience, comfort, and security. Ideally situated in Burbank, the property benefits from its proximity to shopping, dining, employment centers, and major transportation routes. Its established residential setting and versatile unit mix make it an appealing opportunity for investors seeking a multifamily asset in a sought-after rental market.

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Multi-Family Active

Price

$ 4,750,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1659

Year Built

1989

Town/City

Burbank

County/Region

Los Angeles

MLS | Web ID

BB26241354

Days on Market

1

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Appliances Dishwasher Gas Range Refrigerator
Garage Spaces 16
Pool Features None
Security Features Carbon Monoxide Detector(s) Security Gate Smoke Detector(s)
Year Built 1989
View None
Property Subtype Apartment
Gross Income 299148
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 197629
Operating Expense 107999
Insurance Expense 8281
New Construction false
Property Type Residential Income
MaintenanceExpense 17539
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Located between Glenoaks & San Fernando
City Burbank
Entry Location first floor
Senior Community Y/N false
Number Of Units Total 10
MLS Area 610 - Burbank
Lot Size Units Square Feet
Lot Size Square Feet 7227
Number of Units Leased 10
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1964
Fuel Expense 2869
Trash Expense 2946
Water Sewer Expense 5845
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 45
Total Actual Rent 24869
Property Sub Type Additional Apartment
Taxes 59375
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Interior
Flooring Carpet Tile Wood
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned Underground Side By Side
Lot Features Near Public Transit Rectangular Lot
Water Source Public
Total Parking 16
Lot Size Area 7227
Number of Buildings 1
Spa false
Building Area Total 9420
Lot Size Acres 0.1659
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
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* Excluded Features
List By
Susan Featherly

Listing Agent

Better Homes And Gardens Real Estate Town Center

Broker

susanfeatherly@gmail.com

Email

Affordability Calculator

$32,807
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$32,807
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/10/2026$4,750,000 Listed Price

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316 E Elmwood, Burbank, CA, 91502 is a Multi-Family Home for sale at $4,750,000 with 9,420 sqft and a lot size of 0.1659. 316 E Elmwood has 1.0 baths and was built in 1989. The property's zip code is 91502 which is in Burbank, CA