About this home

Situated near Glenoaks Boulevard and less than one mile from Downtown Burbank, the property lies in one of the densest and most prime rental pockets of Burbank. 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. The property has been heavily upgraded and well-maintained, with a new roof installed in 2023. Seismic retrofit reinforcements and gas shutoff valves were installed in 2024, along with a new main water heater. Closed-circuit security cameras and new landscaping have also been added to the property in recent years. The property's unit mix features mostly two-bedroom apartments, helping to attract both families and business professionals seeking additional remote working space. The well-amenitized building includes central air/heat for all units, along with stainless steel appliances, stone countertops, and balconies in most apartments. An investor can benefit not only from the top rents these upgraded apartments command, but also from several supplemental income streams, including RUBS, renter's insurance, and on-site laundry revenue. With a Walk Score of 91 and having earned the label "Walker's Paradise," the property offers tenants convenient access to the nation's largest IKEA store just one block away, as well as the Burbank Town Center Shopping Mall and numerous shops and restaurants along Glenoaks Boulevard and nearby Downtown Burbank. 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.

Facts and features

Schools

• Joaquin Miller Elementary School

  elementary · K-5 · 0.5 mi

  9

• Burbank High School

  high · 9-12 · 1.3 mi

  8

• John Muir Middle School

  middle · 6-8 · 1.5 mi

  9

• Study Circle Preschool & Kindergarten

  elementary · PK-K · 0.0 mi

• Little Angels Academy Burbank Inc.

  elementary · K-1 · 0.2 mi

• Montessori Academy

  elementary · K · 0.3 mi

Price history

• Sep 23, 2026 · Listed$7,255,000
• Apr 30, 2019 · Sold$8,000,000
• Dec 22, 2018 · Listing Removed$8,400,000
• Oct 5, 2018 · Listed$8,400,000
• Dec 2, 2016 · Sold$32,000,000
• Sep 26, 2016 · Sold$6,400,000
• Mar 24, 2016 · Listed$6,700,000
• Aug 13, 2004 · Sold$2,950,000

Tax history

• 2025$101,221 tax · $9,102,631 assessed
• 2024$98,117 tax · $8,924,149 assessed
• 2023$97,072 tax · $8,577,615 assessed
• 2022$92,686 tax · $8,409,427 assessed
• 2021$92,318 tax · $8,244,537 assessed
• 2020$91,312 tax · $8,160,000 assessed
• 2019$14,764 tax · $6,658,560 assessed
• 2018$73,498 tax · $6,528,000 assessed

Where it is