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Fourteen-Unit Apartment Building
For Sale
$4,675,000

1814 Grismer, Burbank, CA 91504

Turn-key 14-unit building with studio, one-bedroom, and two-bedroom units, on-site parking, and a gated pool.

Days on Market36

Property Features for 1814 Grismer

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 2 x studio, 10 x 1BR, 2 x 2BR/2BA
Multifamily Units 14

Amenities

on-site parking
gated pool

Building Details

Building Size 9,906 SF
Year Built 1961
Buildings 1
Listing Agency: FACTIO GROUP
Listed By: Andres Diaz · License #01956479
Source: Archetyperealty
Added: Jun 29 Changed: Jul 30 Last Checked: Aug 2 at 11:54AM

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 FACTIO GROUP

Investment Insights

Based on property information with market context.

1814 Grismer Avenue is a turn-key fourteen (14) unit apartment building built in 1961. The unit mix includes two (2) studio units, ten (10) one-bedroom units, and two (2) two-bedroom/two-bathroom units. Amenities include on-site parking for almost all units and a gated pool.

Recent capital improvements include a new roof and a new main electrical panel. The property is located in Burbank.

The City of Burbank does not have traditional rent control and operates under state law (AB 1482). Buyer to verify.

Key Highlights

  • Fourteen‑unit apartment building built in 1961
  • Two studio units, ten one‑bedroom units, and two two‑bedroom/two‑bath units
  • On‑site parking for almost all units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Grocery & Convenience Store Catering Service Barber Shop (Bike/Boat/Book/etc) Store Accounting Firm

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

1,291
Businesses Nearby

Demographics for 91504, CA

26,678
Population
10,629
Households
2.5
Avg Household Size
40
Median Age
45%
College-Educated
93%
High-School Grad
9.3 sq mi
ZIP Area
2,869
Density / Sq Mi
$103,164
Median Household Income
$57,561
Median Earnings
$2,147
Median Rent
$1,046,200
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 - Turn-key 14-unit building with studio, one-bedroom, and two-bedroom units, on-site parking, and a gated pool.
Where is this apartment building located?
The property is located at 1814 Grismer Burbank, CA.
What is the asking price?
The asking price for this property is $4,675,000.
What are key features of this property?
This property features: Fourteen‑unit apartment building built in 1961; Two studio units, ten one‑bedroom units, and two two‑bedroom/two‑bath units; On‑site parking for almost all units
More about this property
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