Burbank, CA 91501,515 E Elmwood AVE
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Burbank, CA 91501,515 E Elmwood AVE
Burbank, CA 91501,515 E Elmwood AVE
Burbank, CA 91501,515 E Elmwood AVE
Burbank, CA 91501,515 E Elmwood AVE
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Scott Goshorn

Scott Goshorn

+1(323) 251-5479
$ 9,100,000
Est. payment /mo
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Active Under Contract

515 E Elmwood AVE Burbank, CA 91501

48 Beds

48 Baths

23,440 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 23,440 sqft

Price per Sqft $388

MLS Listing ID 25618945

Bedrooms 48

HOA Y/N No

Year Built 1987

Lot Size 0.420 Acres

Property Description

Constructed in 1987, the property consists entirely of two bedroom/two bathroom units. Situated north of Glenoaks Boulevard in the foothills of the Verdugo Mountains, the property allows tenants convenient access to Downtown Burbank and the Burbank Town Center shopping mall. 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. An investor can enjoy additional income via the landlord-owned laundry facilities as well as pet rent collected from tenants. 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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 48

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5621025049

Special Listing Condition Standard

CRMLS – RECore
Listed by Roderick 'Rick' Raymundo Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Robert Louis Stevenson Elementary

    Public | KG - 5

  • 9

    Thomas Jefferson Elementary School

    Public | KG - 5

  • 8

    Thomas Edison Elementary

    Public | KG - 5

  • 8

    Joaquin Miller Elementary School

    Public | KG - 5

  • 8

    Balboa Elementary School

    Public | KG - 6

  • 8

    Mark Keppel Elementary School

    Public | KG - 5

  • 7

    George Washington Elementary

    Public | KG - 5

  • 7

    Walt Disney Elementary School

    Public | KG - 5

  • 7

    Ralph Emerson Elementary

    Public | KG - 5

  • 7

    Benjamin Franklin Elementary School

    Public | KG - 6

  • 6

    William McKinley Elementary School

    Public | KG - 5

  • 6

    Thomas Jefferson Elementary School

    Public | PK - 6

  • 5

    Thomas Edison Elementary School

    Public | KG - 6

  • 5

    Columbus Elementary School

    Public | PK - 5

  • 1

    Options for Youth-Burbank Charter

    Public | KG - 12

  • 0

    Montessori Children's Academie

    Private | PK - KG

  • 0

    St Francis Xavier School

    Private | KG - 8

  • 0

    Burbank Edu-Care Preschool and Kindergarden

    Private | PK - KG

  • 0

    St Finbar Parish School

    Private | PK - 8

  • 0

    Media Center Montessori Pre-School/Kindergarten

    Private | PK - KG

Middle Schools 6
  • 8

    John Muir Middle School

    Public | 6 - 8

  • 7

    Eleanor J. Toll Middle School

    Public | 6 - 8

  • 6

    David Starr Jordan Middle School

    Public | 6 - 8

  • 0

    International School of los Angeles-Burbank

    Private | 6 - 12

  • 0

    Burbank Unified School District Community Day

    Public | 7 - 12

  • 0

    Jewel City Community Day

    Public | 7 - 10

High Schools 6
  • 8

    John Burroughs High School

    Public | 9 - 12

  • 8

    Burbank High School

    Public | 9 - 12

  • 7

    Herbert Hoover High School

    Public | 9 - 12

  • 0

    Monterey High (Continuation)

    Public | 9 - 12

  • 0

    Providence High School

    Private | 9 - 12

  • 0

    Bellarmine-Jefferson High School

    Private | 9 - 12

School and business data provided by Attom Data.
Scott Goshorn

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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