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Luxury Apartment Building with Courtyard
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303 E Elmwood Ave, Burbank, CA 91502

Built in 2009, the property features controlled access, a central courtyard, in-unit laundry, and subterranean parking.

Property Size30,880 SF
Lot Size0.48 Acres
Days on Market122

Property Features for 303 E Elmwood Ave

General Information

Standard status Active
Size 30,880 SF
Class Trophy
Total Parking Spaces 45
Lot size 0.48 Acres
Property subtype Multifamily
Zoning R4

Additional Details

Highway Access Yes
Multifamily Units 20

Building Details

Year Built 2009
Tenancy Multi
Listing Agency: 7Capital
Listed By: Sevak Amranyan · License #CA 02042813
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 11:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 7Capital

Investment Insights

Based on property information with market context.

Built in 2009, Elmwood Villas is a multi-family community on a 20,884-square-foot R4 lot offering approximately 30,880 square feet of net rentable space. The building consists of eighteen 3-bedroom/3-bath units averaging about 1,520 square feet, plus one 3-bedroom/3.5-bath townhome-style unit and one larger 3-bedroom/3.5-bath townhome-style unit. Residents benefit from controlled and secure access, a large central courtyard, twenty storage lockers (one per unit), and in-unit washer and dryers. Interiors include recessed lighting, engineered maple hardwood floors, granite countertops, custom Italian cabinetry with soft-close drawers, and GE stainless steel appliances. All units have two large balconies, with 10-foot ceilings and select units offering more expansive terraces.

Elmwood Villas is located off I-5 in Downtown Burbank, within walking distance of IKEA and the newly renovated Burbank Town Center. The site provides access to public transportation and convenient routes to the I-5 and SR-134 freeways.

Parking includes 45 subterranean spaces, featuring 4 guest and 1 handicap space, along with two-per-unit parking arrangement. The property is not subject to rent control, and each unit has its own APN.

Key Highlights

  • Built in 2009 on a 20,884 SF R4 lot with approximately 30,880 SF net rentable area
  • 18 units of 3 bed/3 bath average 1,520 SF plus 2 townhome‑style units (1 at 1,580 SF; 1 at 1,940 SF)
  • Secure, controlled‑access community with a large central courtyard

Property Analytics

Current Use

Norel Computer Repair Computer & Electronic Repair

Suggested Use

Top Pick Bed & Breakfast Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Farmer's Market Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,179
Businesses Nearby

Demographics for 91502, CA

11,665
Population
5,734
Households
2
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
8,973
Density / Sq Mi
$61,443
Median Household Income
$46,046
Median Earnings
$1,899
Median Rent
$946,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2009, the property features controlled access, a central courtyard, in-unit laundry, and subterranean parking.
Where is this apartment building located?
The property is located at 303 E Elmwood Ave Burbank, CA.
What are key features of this property?
This property features: Built in 2009 on a 20,884 SF R4 lot with approximately 30,880 SF net rentable area; 18 units of 3 bed/3 bath average 1,520 SF plus 2 townhome‑style units (1 at 1,580 SF; 1 at 1,940 SF); Secure, controlled‑access community with a large central courtyard
More about this property
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