14-Unit Multifamily
1814 Grismer Ave Burbank, CA 91504
1814 Grismer Ave, Burbank, CA, 91504
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For Sale
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14-unit multifamily property includes gated pool area, on-site laundry room, and separate gas and electricity meters.
Property Size9,906 SF
Price / SF$494.55
Days on Market163
Property Features for 1814 Grismer Ave
General Information
- Standard status
- Active
- Size
- 9,906 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agency
Marcus & Millichap - Encino
(818) 212-2700
Listed by
Sevak Keshishian · License #CA 01887505
Source
Crexi
Added: Feb 9 Updated: Jul 21 at 11:31PM Checked: Jul 21 at 11:31PM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
1814 Grismer Avenue is a 14-unit multifamily investment in Burbank, constructed in 1961. The building contains 10 one-bedroom, one-bath units, 2 two-bedroom, two-bath units, and 2 studio units. Amenities include a gated pool area and a large on-site laundry room with seller-owned machines.
The property has separate meters for gas and electricity for each unit. Reported capital improvements include roof replacement, upgraded windows, and a new main electrical panel, supporting operational stability with limited near-term capital needs.
For rent management, the property may face a pending soft cap of 4% yearly rent increases in the City of Burbank; AB 1482 is referenced as allowing more favorable rental increases compared to the City of Los Angeles or unincorporated Los Angeles County.
The property has separate meters for gas and electricity for each unit. Reported capital improvements include roof replacement, upgraded windows, and a new main electrical panel, supporting operational stability with limited near-term capital needs.
For rent management, the property may face a pending soft cap of 4% yearly rent increases in the City of Burbank; AB 1482 is referenced as allowing more favorable rental increases compared to the City of Los Angeles or unincorporated Los Angeles County.
Key Highlights
- 14‑unit multifamily built in 1961 with approximately 9,906 SF total building area
- Unit mix: 10 one‑bed/one‑bath, 2 two‑bed/two‑bath, and 2 studios
- Gated pool area and large on‑site laundry room with seller‑owned machines
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FAQs
What type of property is this?
Apartment building - 14-unit multifamily property includes gated pool area, on-site laundry room, and separate gas and electricity meters.
Where is this apartment building located?
The property is located at 1814 Grismer Ave Burbank, CA.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 14‑unit multifamily built in 1961 with approximately 9,906 SF total building area; Unit mix: 10 one‑bed/one‑bath, 2 two‑bed/two‑bath, and 2 studios; Gated pool area and large on‑site laundry room with seller‑owned machines
