Date
Details
Price
Change
Source
11/13/2025
Listed
$9,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$9,100,000
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1/19
Property 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.
Full Property Details
Full Property Details for 515 E Elmwood Ave
General
- Price: $9,100,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25618945
- Updated: 11/13/2025
- Added to Site: 63 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 48
Bedrooms
- Total Bedrooms: 48
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Burbank
- County: Los Angeles
- Driving Directions: We are pleased to announce the opportunity to purchase 515 E Elmwood Avenue, a 24-unit multifamily property in Burbank, CA.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Stories/Levels: 3
- Square Feet: 23,440
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1987
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 24
- Unit Type: 2106
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.4174
- Lot Size: 18295
- Lot Size Source: Assessor
- Zoning: BUR4*
Financial Considerations
- Price Per Sq. Ft.: $388.23
- Assessment Year: 1987
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5621-025-049
Listed by Marcus & Millichap, Roderick 'Rick' Raymundo
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 515 E Elmwood Ave —
Roderick 'Rick' Raymundo
Marcus & Millichap
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 515 E Elmwood Ave
School District:Burbank Unified School District
| Name | Grades | Distance |
|---|---|---|
Joaquin Miller Elementary School 720 East Providencia Avenue, Burbank, CA 91501 | K-5 | 0.3 mi |
John Muir Middle School, Burbank, CA 1111 North Kenneth Road, Burbank, CA 91504 | 6-8 | 1.3 mi |
Burbank High School 902 North 3rd Street, Burbank, CA 91502 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 E Elmwood Ave
Estimate the Cost
Estimate the Cost for 515 E Elmwood Ave
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,188Sq. Ft.
- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 3Total Baths
- 1,227Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
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- Single Family
- Active
- Updated 22 hours ago
- 4Beds
- 3Total Baths
- 3,128Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 7Beds
- 6Total Baths
- 4,742Sq. Ft.
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 2Total Baths
- 1,552Sq. Ft.
Listed by CIN COAST REALTY GROUP (562) 494-4600
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 3Total Baths
- 1,188Sq. Ft.
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515 E Elmwood Ave, Burbank, CA 91501 (MLS# 25618945) is a Multi-Family property with units containing 48 bedrooms and 0 full bathrooms. 515 E Elmwood Ave is currently listed for $9,100,000 and was received on November 13, 2025. Want to learn more about 515 E Elmwood Ave? Do you have questions about finding other Multi-Family real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.