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2005 Grismer Avenue, Burbank
$5,250,000
28 Beds ⋅ 28 Baths ⋅ 26852909 MLS ⋅ Active Status
We are pleased to present the investment opportunity at 2001-2005 Grismer Avenue in Burbank, California. This 14-unit apartment community is situated in the established North Burbank residential corridor, one of the most consistently performing multifamily submarkets in the San Fernando Valley. The offering represents an opportunity to acquire a uniformly configured, below-market asset in a city that operates independently from the City of Los Angeles, with a meaningfully different regulatory environment and a strong long-term rental demand profile driven by proximity to the Burbank Media District, the studios, and the broader employment base that anchors the area. The subject property is a two-story, 14-unit apartment building constructed in 1987 and situated on an 11,325 SF lot. The building totals 11,334 square feet of rentable area and is zoned BUR4. The unit mix is entirely composed of two-bedroom/two-bathroom units, providing operational consistency and a single-profile leasing strategy across the entire asset. Residents benefit from on-site laundry service provided through a contract with All V alley Washer Service, generating approximately $2,948 annually in supplemental income. The building's uniform layout and standard two-bedroom configuration appeal to the core renter demographic in this corridor: working professionals, dual-income households, and long-term tenants drawn to Burbank's livability, school quality, and commuter access. The asset is individually addressed as both 2001 and 2005 Grismer Avenue and sits on a quiet residential street within walking distance of retail and services along N Glenoaks Blvd. 2001-2005 Grismer Avenue is positioned within the 91504-zip code, one of Burbank's most active multifamily leasing zones. Burbank is an independent city with its own municipal services and zoning authority, sitting just outside the City of Los Angeles and governed by California AB 1482 rather than the LA city RSO. The current in-place rent average of $2,203 per unit sits approximately $556 below the market rate for comparable two bedroom product in the immediate area, with all 14 units presenting measurable upside. At full market occupancy, annual gross scheduled rent reaches $462,000, representing $93,473 in additional gross income over the current roll. Burbank's location within easy commuting distance of the entertainment industry, healthcare, and professional service employment centers throughout Los Angeles County supports durable renter demand and limited lease-up risk for an incoming owner.

2005 Grismer Avenue, Burbank
700 S 6th Street, Burbank
$9,500,000
29 Beds ⋅ 34 Baths ⋅ 26839671 MLS ⋅ Active Status
With a prime corner lot location north of Glenoaks Boulevard, the property offers residents a home in the picturesque foothills of the Verdugo Mountains with Downtown Burbank and the Burbank Town Center shopping mall just blocks away. Buildings of this size and in this location are rarely available for sale, with fewer than one such property transacting per year over the past two decades (Source: CoStar COMPS). Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. At the same time, deferred maintenance costs are dramatically reduced as the property has been thoroughly upgraded and well maintained in recent years. Seismic retrofit repairs were completed in January 2026, while a new roof was added, new windows were installed, and plumbing was replaced in 2018/2019. Tenants are easily attracted to the building's impressive amenities package, which includes central air/heat, recessed lighting, vaulted ceilings, quartz countertops, stainless steel appliances, and new vinyl windows. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation. In addition to the Burbank Town Center Shopping Mall, several other retail and dining destinations are conveniently accessible to tenants, including the Empire Center, Costco, Ikea, and the Americana at Brand lifestyle center.

700 S 6th Street, Burbank
2514 W Chandler Boulevard, Burbank
$1,595,000
4 Beds ⋅ 3 Baths ⋅ 26835545 MLS ⋅ Active Status
This is a rare and exciting opportunity to purchase an investment property in Magnolia Park. Wonderful views of blue Jacaranda trees on the Chandler Bike path.This well maintained and updated triplex 2514,2516,2518 W. Chandler Blvd. All units have stone countertops, tile or slate floors in the kitchen /bathrooms and hardwood flooring in bedrooms, living room and dining room and newer electrical panels. Replaced back staircase (2019). Rain gutters added. Unit 2514 -(2 Bedroom) Kitchen: Unit has maple kitchen cabinets, stainless steel stove, dishwasher. New back door to side yard. Upgraded electrical panel. Bathroom: Custom sliding glass shower doors ( installed 2018) tub/shower combo. New bathroom door. Added tile baseboards and large medicine cabinet for two people. We installed a whisper quiet exhaust fan and added canned lighting and a new fixture over the vanity. Living room: we added custom plantation shutters in the main window. Newer doubled pane windows in dining room, bedrooms, kitchen, bathroom. Replaced AC unit in the living room (2018) Newer custom blinds throughout. Upgraded electrical panel. Bedroom 1: We added a mini split heating and air / new ceiling fan and a new AC window unit in the second bedroom. New windows. Unit 2516: All new (2018) double pane windows in every room with custom blinds.Kitchen: Newer refrigerator, has a microwave oven, new faucet & disposal. Added tile back splash. Newer kitchen back door with custom blind. New light fixture over sink. New large pantry shelving unit. Bedroom: Added a multi-zone mini split heating/AC. New ceiling fan in bedroom.Bathroom: Retiled the shower, flooring and behind the sink & faucet with a built in soap dish. Added custom shower glass doors. New shower head, New sink, Replaced plumbing and drains. Added a whisper quiet exhaust fan. Refinished hard wood floors in entire apt. 2 Kohler double mirrored medicine cabinets, new mirror over toilet. Added shelving over doorway. 2518: Kitchen: Remodeled in 2020. All new custom designer kitchen. Professional layout. Beautiful yellow handmade tiles from England purchased from high end shop in Pasadena. New plumbing and drain. Added a light switch to kitchen entry with dimmer, added canned lights and new vintage style light fixture over sink. Has new sub flooring and new tile floor. New stove, refrigerator, new built-in microwave unit above stove. New ventilation system in kitchen. Bathroom: New sub flooring, New tile floor, New TOTO toilet, New JALCO Brass tub and shower fixtures. New plumbing and drain. Brass designer double sided mirror medicine cabinet. Italian plastered wall behind vintage sink. Built in vintage soap dish in wall . Sink has newer brass colored faucet to match the bathroom towel bars/ rings. Attic: newly Insulated. All units have hardwood flooring, updated electric panels/paint. Landscaping front/back w/auto sprinklers. Currently 2 units are month to month and 1 unit is on a 1 year lease. Well maintained, Triplex in highly desired Burbank location demonstrating pride of ownership. Convenient on-site "WASH" laundry room and all units include a 1 car garage and together enjoy out-door spaces. Units are occupied with long -term tenants. . Close to shopping and convenient freeway access, Close to Burbank Media Center. Burbank Studios, production companies, Disney Studios, Warner Brothers Studios, Handy Market, Magnolia Corner bar & grill, and Landmark old-school market and restaurant Monte Carlo Italian deli/ Pinocchio.

2514 W Chandler Boulevard, Burbank
1101 East Avenue, Burbank
$7,175,000
WS26102173 MLS ⋅ Active Status
“Villa Bonita Condominiums” are a pride of ownership, turnkey, two story over parking, 10-unit condominium building. Constructed in 2009 with a flat, rolled composition shingled roof, some pitched concrete tile shingles, and a concrete pier foundation. The “Villa Bonita Condominiums” are 10 individually parceled condominiums that are currently rented to individual tenants. With 10 separate tax ID’s, a new owner can either continue to operate the project in its current form or sell the individual units as condos in the future. Operating as 1101 East Avenue Association, these fully completed condominium units are all owned by the current owner and rented individually. Seller to provide all HOA, CC&R, Bylaws, Certification of completion, White-Slip Condo docs and any other pertinent recorded documents. Buyer to perform its own investigations during the contingency period and make independent verifications and approvals. Amenities: Luxury units, built as condominiums. High end finishes and stainless-steel appliances, including dishwashers. Granite counters, laminate flooring in common areas, carpeted bedrooms. All units have a patio or balcony; gas fireplace; and washer dryers in the unit. Additionally, all units are equipped with individual tankless-water heaters. Tenants enjoy gated entrance and parking. There is a wheelchair lift from the parking garage to the first floor. Rent Control: As of early 2026, the City of Burbank does not have traditional rent control but operates under state law (AB 1482) and local "soft cap" ordinances.

1101 East Avenue, Burbank
1757 N Hollywood, Burbank
$1,800,000
PW26076312 MLS ⋅ Active Status
Well-located 4-unit apartment building in the City of Burbank. Each unit is a 1-bedroom, 1-bath. Strong upside potential with and consistent demand for 1-bedroom units in the current market. Property is a model match to nearby 4-unit buildings in the immediate area. Ideal opportunity for first time or experienced investors seeking potential long-term growth. Close to major employment centers, studios, and public transportation

1757 N Hollywood, Burbank
1749 N Hollywood, Burbank
$1,800,000
PW26075428 MLS ⋅ Active Status
Well-located 4-unit apartment building in the City of Burbank. Each unit is a 1-bedroom, 1-bath. Strong upside potential with and consistent demand for 1-bedroom units in the current market. Property is a model match to nearby 4-unit buildings in the immediate area. Ideal opportunity for first time or experienced investors seeking potential long-term growth. Close to major employment centers, studios, and public transportation including.

1749 N Hollywood, Burbank
271 W Ash Avenue, Burbank
$1,999,999
6 Beds ⋅ 4 Baths ⋅ 26633817 MLS ⋅ Active Status
We are pleased to introduce you to an exceptional opportunity at 271 W. Ash Ave, Burbank, CA 91502. This multi-family apartment building is a gem that caters to the needs of prospective homebuyers, and commercial multi-family apartment building owners alike. This is a rare opportunity to own a multi-family apartment building in a prime location at a competitive price. The demand for rental properties in Burbank is strong, making it an excellent choice for homeowners and investors.* Impeccably maintained fourplex* Property consists of a 3 + 1 Single Family Residence with two (2) car garage; three (3) 1 +1 apartment units with six (6) 10 X 30 garages, ideal for contractor, storage or potential ADU's (Buyer to independently verify with City of Burbank)* 4.6% cap / 17 GRM at current rents and new tax base. 5.5% cap/14% GRM at proforma rents.* Conveniently located west of the 5 freeway between Alameda and Olive* Burbank schools!!* Owner may finance for a qualified buyer.

271 W Ash Avenue, Burbank
2924 W Riverside Drive, Burbank
$2,295,000
6 Beds ⋅ 6 Baths ⋅ 24347833 MLS ⋅ Active Under Contract Status
Welcome to 2924 West Riverside Drive, Burbank, CA! This property offers a remarkable opportunity for those seeking a prime investment in the heart of Burbank. In the sought-after Rancho District, this property boasts a total of 6 units (each its own bungalow with month-to-month tenants). This 3449 square foot gem is a rare find in today's market; each unit features one bedroom and one bathroom private casita, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot of almost 12k sq ft lot, offering ample outdoor space. Two 2-car garages add further value to the property, presenting the potential for additional dwelling units (ADUs) or providing secure parking for tenants. Conveniently located in Burbank, residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including walking distance to Disney and WB Studios, Rancho Equestrian Facilities, and the Toluca Village. The bustling city of Burbank provides a vibrant backdrop for this property, with its thriving community and proximity to major attractions. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate in Burbank. With its desirable location, spacious lot, and potential for expansion, 2924 West Riverside Drive is an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!

2924 W Riverside Drive, Burbank

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.

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