Burbank Homes with Apartment Subtype

Welcome to Burbank, California—a vibrant city nestled in the heart of Los Angeles County that perfectly blends the charm of small-town living with the excitement of urban life. Known as the media capital of the world, Burbank is home to major studios like Warner Bros. and Disney, making it a hub for creativity and entertainment. With its picturesque tree-lined streets, lush parks, and a warm community spirit, Burbank is an ideal place for families, professionals, and anyone looking to enjoy the California lifestyle.

When it comes to real estate, Burbank offers an impressive variety of homes, including charming apartments that cater to diverse lifestyles. Whether you’re a first-time homebuyer, a busy professional, or someone looking to downsize, you’ll find a range of apartment options that suit your needs. Many of these homes feature modern amenities, spacious layouts, and convenient access to local attractions, making them perfect for anyone who values both comfort and convenience.

Living in Burbank means you’re just a stone’s throw away from a plethora of dining, shopping, and entertainment options. Stroll through the vibrant downtown area, enjoy a meal at one of the many acclaimed restaurants, or catch a live performance at the historic Burbank Theatre. With a strong sense of community, excellent schools, and a variety of recreational activities, Burbank truly has something for everyone.

Explore the possibilities of apartment living in Burbank and discover your perfect home in this enchanting city!

Newest Burbank Homes with Apartment Subtype

$4,875,000

GD26211929 MLS ⋅ Active Status

Fantastic Burbank location north of Glenoaks blvd, corner property surrounded by several condominium and single family residences. Strong rental market with historically low vacancy and high demand for rental units. The property benefit from mostly 2 bedroom units, has been professionally managed and has an on-site resident manager. Recently painted and landscaped and always maintained through over 50 years of family ownership. Corner location provides excellent curb appeal and lots of natural light throughout. Very close to local restaurants, amenities and proximity to freeways.

601 E Angeleno, Burbank

$4,250,000

SR26169083 MLS ⋅ Active Status

Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank’s desirable Rancho Adjacent submarket. A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot. Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.

455 - 457 W Elm, Burbank

$1,495,000

SB26136610 MLS ⋅ Active Status

Rare 100% VACANT Burbank fourplex offering immediate value-add and lease-up potential. Located in Burbank and not subject to City of Los Angeles RSO. 1515 N Hollywood Way presents a rare opportunity to acquire a fully vacant 4-unit apartment building in the highly desirable Burbank market. Built in 1948, the property totals approximately 2,908 square feet on a 5,380 square foot lot and is comprised of (2) 2Bed+1Bath unit and (2) 1Bed+1Bath units. With all units delivered vacant, a new owner has the immediate ability to lease at market rents, select their own tenants, renovate further, or reposition the asset without existing tenant complications. The property has been improved with new paint and offers strong pro forma income potential, with projected scheduled gross income of $280,800 annually based on market rent assumptions of $3,750/month for the 2Bed+1Bath units and $2,650/month for each 1Bed+1Bath unit. At the list price of $1,495,000, the property is priced at $373,750 per unit and approximately $514.10 per building square foot, with a projected 7.85% cap rate and 9.73 GRM. A major value-add component is the ability to potentially add up to 4 ADUs, creating a significant upside path for a buyer to explore. With the property fully vacant and existing garage/parking improvements already on site, the asset gives investors a clean opportunity to stabilize the current four units while also evaluating additional rental income through ADU development. Buyer to verify all ADU feasibility, zoning, permits, CUP requirements, and development standards with the City of Burbank. Located along Hollywood Way in Burbank, the property benefits from proximity to Magnolia Park, the Media District, Warner Bros. Studios, The Walt Disney Company, ABC Television, shopping, dining, and major employment centers. Unlike properties located in the City of Los Angeles, this Burbank asset is not subject to LA RSO. Burbank has its own tenant protections, and AB 1482 may apply, but the property is not under Los Angeles rent control.

1515 N Hollywood, Burbank

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.