USACABurbank515 E Elmwood Ave
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$9,100,000

Sold

5 months ago

515 E Elmwood Ave, Burbank, CA

House

MLS® 25618945

Buyer represented by MLS Department of Out Of Area

48 Bed

48 Bath

23440 sqft

48 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 23440 sqft
Garage 
Taxes 
Lot Size 
Approx. Age 1987
Avg. Price Per Sqft $388
MLS® Number 25618945

Property Address: 515 E Elmwood Ave, Burbank, CA, 91501-2721

Average square foot calculated using Size range provided by listing agent.

Description

Constructed in 1987, the property consists entirely of two bedroom/two bathroom units. Situated north of Glenoaks Boulevard in the foothills of the Verdugo Mountains, the property allows tenants convenient access to Downtown Burbank and the Burbank Town Center shopping mall. 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. An investor can enjoy additional income via the landlord-owned laundry facilities as well as pet rent collected from tenants. 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.
MLS® Number25618945
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1987
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jan 9, 2026End Date
$8,820,000Sold Price

Sold

Nov 14, 2025List Date
$9,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
515 E Elmwood Ave, Burbank, CA

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