About this home

Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank's desirable Rancho Adjacent submarket. A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot. Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.

Facts and features

Schools

• William McKinley Elementary School

  elementary · K-5 · 0.3 mi

  8

• Dolores Huerta Middle

  middle · 6-8 · 0.4 mi

  5

• Burroughs High School

  high · 9-12 · 1.1 mi

  9

• Lycée International de Los Angeles - Burbank campus

  middle · 6-12 · 0.2 mi

• Saint Finbar School

  elementary · K-8 · 0.9 mi

• Walt Disney Elementary School

  elementary · K-5 · 1.0 mi

  6

Price history

• Sep 9, 2026 · Price Changed$4,250,000
• Aug 3, 2026 · Listed$4,500,000

Tax history

• 2025$4,959 tax · $308,292 assessed
• 2024$4,731 tax · $302,248 assessed
• 2023$4,696 tax · $290,513 assessed
• 2022$4,533 tax · $284,817 assessed
• 2021$4,453 tax · $279,233 assessed
• 2020$4,408 tax · $276,370 assessed
• 2019$4,315 tax · $270,952 assessed
• 2018$4,063 tax · $265,640 assessed

Where it is