20-Unit Apartment
New
For Sale
$7,255,000
303 E Alameda Ave, Burbank, CA 91502
Most residences have two bedrooms, with central heating and air conditioning throughout the building.
Property Size17,572 SF
Days on Market4
Property Features for 303 E Alameda Ave
General Information
Standard status
Active
Size
17,572 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.53%
Multifamily Units
20
Amenities
central air/heat
stainless steel appliances
stone countertops
balconies
closed-circuit security cameras
new landscaping
on-site laundry
Excellent Location Near Glenoaks Boulevard and Downtown Burbank
Outstanding Unit Mix — 70% of Units are Spacious Two-Bedroom Apartments
Not Subject to Los Angeles Rent Control -- Burbank's Rent Legislation Allows for Higher Rent Increases and is More Favorable to Owners When Compared to LA City
Thoroughly Upgraded and Well-Maintained Property — New Roof in 2023, Seismic Retrofit Completed in 2024
Central Air/Heat for All Units, Stainless Steel Appliances, Wood Flooring, Balconies, and Stone Countertops in Most Apartments
Numerous Supplemental Revenue Streams, Including RUBS and Laundry Income
Considered a "Walker's Paradise" with a Walk Score of 91
Building Details
Building Size
17,572 SF
Units
20
Listing Agency:
Encino Office
Listed By:
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source:
Marcusmillichap
Added: Sep 28
Last Checked: Oct 1 at 7:59AM
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 Encino Office
Investment Insights
Based on property information with market context.
At 303 E Alameda Ave in Burbank, this 20-unit apartment property has a unit mix weighted toward two-bedroom homes. Central air and heat serve every apartment; most also feature balconies, stone countertops, and stainless steel appliances. Shared amenities include on-site laundry, and security cameras and landscaping have been added. A replacement roof was completed in 2023, followed in 2024 by seismic reinforcements, gas shutoff valves, and a main water heater replacement.
The property is governed by Burbank’s local rent ordinance. Its Walk Score is 91. The nation’s largest IKEA store is one block away, and Downtown Burbank is less than one mile from the property. Burbank Town Center, shops and restaurants along Glenoaks Boulevard, and entertainment studios in and around the city are also identified nearby.
The property is governed by Burbank’s local rent ordinance. Its Walk Score is 91. The nation’s largest IKEA store is one block away, and Downtown Burbank is less than one mile from the property. Burbank Town Center, shops and restaurants along Glenoaks Boulevard, and entertainment studios in and around the city are also identified nearby.
Key Highlights
- 20 apartments, with most units configured as two‑bedroom residences
- Central air and heat in every apartment; balconies in most units
- 2023 roof replacement
Property Analytics
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Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
3,875
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Most residences have two bedrooms, with central heating and air conditioning throughout the building.
Where is this apartment building located?
The property is located at 303 E Alameda Ave Burbank, CA.
What is the asking price?
The asking price for this property is $7,255,000.
What are key features of this property?
This property features: 20 apartments, with most units configured as two‑bedroom residences; Central air and heat in every apartment; balconies in most units; 2023 roof replacement
