Property Details
About this Property
We are pleased to present the opportunity to acquire Elm Gardens, a stabilized 16-unit multifamily property located in the highly sought-after Rancho Adjacent submarket of Burbank. Ideally positioned near major landmarks and entertainment hubs, Elm Gardens offers a quality living experience in one of Los Angeles’ most desirable rental markets. Originally constructed in 1960, the property sits on a 13,097 SF lot and features a building footprint of 11,589 SF, zoned BUR4. Elm Gardens presents an exceptional opportunity to acquire a stabilized asset in Burbank’s high-demand rental market, with further potential for value-add opportunities through tenant repositioning. Under current ownership, approximately 14 out of the 16 units have undergone various levels of updates, making this property an attractive option for investors seeking a stabilized investment with room for additional improvements. The property is not subject to local rent control but adheres to California's AB1482 Rent Control guidelines, offering a balanced regulatory environment. Burbank’s status as the “Media Capital of the World” ensures strong demand for rental properties, and Elm Gardens benefits from its proximity to major entertainment studios, businesses, and transit routes. With 80% of its units featurin
MLS Listing Information
MLS #
CRSR25053862
MLS Source
California Regional MLS
Days on Site
18
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
252 W Elm Ave is a Residential Income in Burbank, CA 91502. This – square foot property sits on a 13,097 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,695,000 and was built in 1960. This address can also be written as 252 W Elm Ave, Burbank, CA 91502.
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This listing information is up-to-date as of March 28, 2025. For the most current information, please contact Jared Levine, (818) 657-6556
