Properties

Burbank, CA 91502 198 W Elmwood

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Presented By: Silvia Ragheb with Trinity Real Estate & Investme; 818-281-0478
  • MLS# GD26010495
  • 01/15/2026
  • Get pre-approved
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  • Baths • 1
  • SQFT • 4,804
  • Garage • 6

Home Details

Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank โ€” subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles โ€” this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental upside. The property consists of six spacious 2-bedroom, 1-bath units, each featuring bright living rooms, well-sized kitchens with dining areas, generous bedrooms, and ample closet space. The building has been well maintained and includes a newer roof, partial copper plumbing, six covered parking spaces, and an on-site laundry room with owned machines. The property is separately metered for gas and electricity. Ideally situated less than one mile from Downtown Burbank, tenants enjoy convenient access to shopping, dining, cafรฉs, entertainment, and the Burbank Town Center. The property is also in close proximity to major employment hubs including Walt Disney Studios, Warner Bros., and the cityโ€™s thriving media and technology sector, as well as award-winning Burbank schools. Commuters benefit from excellent freeway access to the 5, 134, and 2, providing direct connectivity to Glendale, Pasadena, Eagle Rock, Downtown Los Angeles, and the San Fernando Valley. This offering represents a rare opportunity to acquire a stable, well-located multifamily asset in one of Los Angeles Countyโ€™s most resilient and supply-constrained rental markets. Financial Highlights (Based on New Tax Basis): โ€ข 4.9% Cap Rate | 14.79 GRM at Current Rents โ€ข 5.7% Pro Forma Cap Rate | 13.0 Pro Forma GRM
Presented By: Silvia Ragheb with Trinity Real Estate & Investme; 818-281-0478

Interior Features for 198 W Elmwood

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile, Wood
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Walk-In Closet(s)
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 198 W Elmwood

AccessibilityParking, See Remarks
Additional Parcels Y/NNo
AppliancesDishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Range Hood
Building Area UnitsSquare Feet
Carport Y/NYes
CityBurbank
Community FeaturesSidewalks
Construction MaterialsUnknown
CoolingWall/Window Unit(s)
CountyLos Angeles
Directionsbetween Olive and Alameda
ElectricStandard
Electric Expense
Entry Locationfront
Fuel Expense154
Garage Spaces6
Garage Y/NYes
Gross Income160680
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense7735
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet7513
Lot Size UnitsSquare Feet
MLS Area610 - Burbank
MaintenanceExpense3400
Net Operating Income114793
New ConstructionNo
Number Of Units Total6
Number of Units Leased4
Operating Expense45886.4
Pool FeaturesNone
PostalCityBURBANK
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot18
Total Actual Rent8445
Trash Expense2000
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewNeighborhood, Trees/Woods
Water Sewer Expense2059
Year Built1953
Year Built SourceAssessor

Exterior for 198 W Elmwood

Building Area Total4804
FencingWrought Iron
Inclusions6 stoves, 4 frig, 3 dishwasher
Lot FeaturesFront Yard, Sprinkler System
Lot Size Acres0.1725
Lot Size Area7513
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Parking FeaturesCarport
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,395,000
MLS#GD26010495
List Date 01/15/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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