420 West Elmwood Avenue

Burbank, CA 91506

$3,995,000
Price
—
Beds
1,417 Sq. Ft.
$2,819 / Sq. Ft.
1,417
Sq. Ft.
$2,819
per Sq. Ft.

Description

Presenting an exceptional investment opportunity, this distinguished 9 Unit building, built in 1988, features eight 2-bedroom, 2-bathroom flat units alongside a unique 1-bedroom, 1-bathroom townhouse-style loft unit. With a great Curb Appeal, separate Gas and Electric Meters, and copper plumbing, the 9,310 square feet building extends over 6,670 square feet of land. Each unit has been thoughtfully designed to offer spacious living quarters, enhanced by central air conditioning and heating systems,...Presenting an exceptional investment opportunity, this distinguished 9 Unit building, built in 1988, features eight 2-bedroom, 2-bathroom flat units alongside a unique 1-bedroom, 1-bathroom townhouse-style loft unit. With a great Curb Appeal, separate Gas and Electric Meters, and copper plumbing, the 9,310 square feet building extends over 6,670 square feet of land. Each unit has been thoughtfully designed to offer spacious living quarters, enhanced by central air conditioning and heating systems, fireplace, and high ceilings. Notably, the front units also have balconies, Situated in a Prime rental district, the location ensures strong rental demand with close proximity to schools, shopping amenities, and iconic entertainment studios like Disney, Warner Bros, and Nickelodeon, unlocking a unique lifestyle proposition for potential tenants.
  1. Listed by Melina Kalachian • DRE #01877904 • Keller Williams Realty
  2. Listed by Vince Kalachian • DRE #01172350 • Keller Williams Realty

Property Details for 420 West Elmwood Avenue

Subdivision Name
Not Applicable
Garage Spaces
18.00
View
None

Location

Listing Courtesy of Keller Williams Realty, Melina Kalachian, DRE #01877904; Keller Williams Realty, Vince Kalachian, DRE #01172350
Add your commute
LISTING UPDATED: 05/07/2024 08:54 AM

Property Details for 420 West Elmwood Avenue

StatusActive
MLS #P1-17542
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1988
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Melina Kalachian, DRE #01877904; Keller Williams Realty, Vince Kalachian, DRE #01172350
Add your commute

Building Information for 420 West Elmwood Avenue

Building/Complex420 W Elmwood AveFloor-Stories3Residences-Pet Policy-Year Built1988Building Size-

Payment Calculator

$23,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,802

Property Taxes

$1,273

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 420 West Elmwood Avenue

Summary
Location and General Information
  • Building Area Total: 1,417.00
  • Community Features: Sidewalks, Street Lights
  • City: Burbank
  • Country: US
  • Directions: Elmwood & Main St
  • Area: 610 - Burbank
  • Unparsed Address: 420 West Elmwood Avenue, Burbank, CA 91506
Parking
  • Parking Features: Gated
Taxes and HOA Information
  • Association Fee: $.00
  • New Taxes Expense: $43,945.00
  • Professional Management Expense: $9,385.00
  • Tax Other Annual Assessment Amount: $206.00
  • Tax Tract: 5370
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Sprinklers None
  • Lot Size Acres: .15
  • Lot Size Square Feet: 6,670.00
  • Lot Size Area: 6,670.00
  • Lot Size Units: Square Feet
  • Parcel Number: 2451031009
  • Property Type: Residential Income
  • Property Sub Type: Apartment
Property and Assessments
  • Common Walls: 2+ Common Walls
  • Documents Count: 1
  • Property Attached: Yes
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $3,358.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 3
Interior Features
  • Total Bathrooms: 0
  • Fireplace Features: See Remarks
  • Fireplace: Yes
  • Heating: Central
  • Heating: Yes
  • Laundry Features: See Remarks, Community, In Garage
  • Living Area: 1,417.00
  • View: No
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $219,108.00
  • Net Operating Income: $158,881.00
  • Electric Expense: $3,890.00
  • Insurance Expense: $6,725.00
  • Maintenance Expense: $9,821.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 9
  • Operating Expense: $56,397.00
  • Pest Control Expense: $808.00
  • Special Listing Conditions: Standard
  • Trash Expense: $2,070.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 420 West Elmwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 420 West Elmwood Avenue

Taxable ValueLand$317,608Additions$952,854Total$1,270,462
Tax Record2023$15,275 ($1,273 / month)
Home Facts
Total Finished SqFt9,310 SqFtAbove Grade Finished SqFt9,310 SqFtLot Size6,670 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningBUR4*CountyLOS ANGELESAPN2451-031-009

Schools near 420 West Elmwood Avenue

This home is within Burbank Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
William Mckinley Elementary School
PublicK to 5

David Starr Jordan Middle School
Public6 to 8

John Burroughs High School
Public9 to 12

Burbank Usd Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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420 West Elmwood Avenue is a multi-family home for sale in Burbank, CA 91506. This property was listed for sale on May 7, 2024 by Keller Williams Realty, it's currently listed at $3,995,000. This listing's school district is Burbank Unified School District. Nearby schools include William Mckinley Elementary School, David Starr Jordan Middle School and John Burroughs High School. 420 West Elmwood Avenue is a 0-bed, 0-bath, 1,417 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Melina Kalachian, DRE #01877904; Keller Williams Realty, Vince Kalachian, DRE #01172350

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.