12-Unit Tudor Apartment
455 - 457 W Elm, Burbank, CA 91506
For Sale
$4,250,000
Two courtyard buildings feature mature landscaping, brick detailing, and a distinctive residential setting.
Property Size9,528 SF
Price / SF$446.05
Days on Market104
Property Features for 455 - 457 W Elm
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Century 21 Masters
Listed By:
Scott Pinkerton · License CA #01338387
(818) 621-7732
Source:
Archetyperealty
Added: Aug 3
Changed: Nov 13
Last Checked: Nov 12 at 4:28PM
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 Century 21 Masters
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Investment Insights
Based on property information with market context.
This 12-unit apartment property comprises two Tudor-style residential buildings totaling approximately 9,528 square feet. Constructed in 1953, the buildings are arranged around a courtyard and include mature landscaping, brick architectural details, and a defined residential character. The configuration provides a cohesive setting across the two-building property while retaining distinct architectural elements.
The property is located at 455–457 W Elm Avenue in Burbank, California, within the Rancho Adjacent submarket. Reported financial information includes a 4.32% capitalization rate based on stabilized operations. The property is presented as a multifamily asset with existing residential improvements and a courtyard-oriented layout.
The property is located at 455–457 W Elm Avenue in Burbank, California, within the Rancho Adjacent submarket. Reported financial information includes a 4.32% capitalization rate based on stabilized operations. The property is presented as a multifamily asset with existing residential improvements and a courtyard-oriented layout.
Key Highlights
- 12‑unit apartment property at 455–457 W Elm Avenue
- Approximately 9,528 square feet across two residential buildings
- Tudor‑style architecture with brick detailing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,313
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,066,260
$3.1M
Cap Rate 7%
$2,190,186
$2.2M
Cap Rate 9%
$1,703,478
$1.7M
Market Conditions
NOI Build-Up for 9,528 SF
Gross rent
$303.0K $31.80/SF
− Vacancy
−$24.2K −$2.54/SF
EGI
$278.8K $29.26/SF
− OpEx
−$125.4K −$13.17/SF
NOI
$153.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,066,260
Cap Rate 7%
$2,190,186
Cap Rate 9%
$1,703,478
Alternative Uses
Best Use
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,313 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,120 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
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Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Burbank
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two courtyard buildings feature mature landscaping, brick detailing, and a distinctive residential setting.
Where is this apartment building located?
The property is located at 455 - 457 W Elm Burbank, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 12‑unit apartment property at 455–457 W Elm Avenue; Approximately 9,528 square feet across two residential buildings; Tudor‑style architecture with brick detailing
