91502 Homes with Mixed Use Subtype

Welcome to the vibrant and dynamic neighborhood of Burbank, California, where the zip code 91502 offers an exciting blend of urban living and suburban charm. Nestled in the heart of Los Angeles County, Burbank is known for its rich entertainment history, making it a desirable destination for both residents and visitors alike.

The 91502 area boasts a diverse array of homes, including those with a mixed-use subtype, which is ideal for those seeking a unique lifestyle. These properties often combine residential living with commercial opportunities, allowing homeowners to enjoy the convenience of running a business right from their doorstep. Imagine waking up in your beautifully designed apartment, stepping outside to your café, boutique, or office—this is the essence of mixed-use living in Burbank.

Residents of 91502 benefit from a plethora of amenities, including nearby parks, shopping centers, and dining options that cater to every palate. The community is well-connected with public transportation and major freeways, making it easy to explore all that Los Angeles has to offer. Whether you’re a creative professional drawn to the allure of Hollywood or a family looking for a vibrant community, Burbank’s mixed-use homes provide the perfect balance of work and play.

In Burbank, you’ll find a neighborhood that celebrates creativity, community, and convenience. With its charming streets and welcoming atmosphere, the 91502 zip code is more than just a place to live; it’s a lifestyle waiting to be embraced. Come discover your dream home in this thriving enclave!

Newest 91502 Homes with Mixed Use Subtype

$2,395,000

GD26010495 MLS ⋅ Active Status

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafés, entertainment, and the Burbank Town Center. The property is also in close proximity to major employment hubs including Walt Disney Studios, Warner Bros., and the city’s thriving media and technology sector, as well as award-winning Burbank schools. Commuters benefit from excellent freeway access to the 5, 134, and 2, providing direct connectivity to Glendale, Pasadena, Eagle Rock, Downtown Los Angeles, and the San Fernando Valley. This offering represents a rare opportunity to acquire a stable, well-located multifamily asset in one of Los Angeles County’s most resilient and supply-constrained rental markets. Financial Highlights (Based on New Tax Basis): • 4.9% Cap Rate | 14.79 GRM at Current Rents • 5.7% Pro Forma Cap Rate | 13.0 Pro Forma GRM

198 W Elmwood, 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.