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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Apartment buildings
420 Elmwood Ave Burbank, CA 91506-3357
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9595376
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
9,310 SF
Lot
0.15 ac (6,670 SF)
Zoning code
BUR4*
APN
2451-031-009
UPID
US09-9595376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Elmwood Real Estate LLC · 1 yrs held
Elmwood Real Estate LLC
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
BUR4* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+93.4%
Retail stores
$5.1M
+73.9%
Office building
$5.0M
+71.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,525,000
ML approach
$3,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,930,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,665,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$5,095,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$5,010,000
Change: +71% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,620,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,470,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.53M (Aug 1 2024)
Last sale anchor
$3.53M
Aug 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$379 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,429
Tax year 2024
Assessed value
$1,295,871
Assessed 2024
Previous assessed
$1,295,871
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$323,960
Assessed improvement
$971,911
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
9
Bathrooms
17
Total area
9,310 SF
Lot
0.15 ac (6,670 SF)
Zoning code
BUR4*
APN
2451-031-009
UPID
US09-9595376
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUR4* · Burbank, CA
Zoning BUR4* · permitted uses
BUR4* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
9
Bathrooms
17
Lot
0.15 ac
Current owner
From public records · entity-resolved
Elmwood Real Estate LLC
Entity
Mailing address
528 PALISADES DR #714, PACIFIC PALISADES, CA 90272-2844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$3,525,000
Elmwood Real Estate LLC
Marilyn Baron
Grant Deed
—
Feb 20, 2024
—
Marilyn Baron
Larry A Baron
Affidavit Death Of Trustee/successor Trustee
related
—
May 24, 2000
$860,000
Baron Trust
Cetus Enterprises INC
Grant Deed
$602,000 · Malaga Bank
Mar 10, 1998
$689,500
Cetus Enterprises INC
Mitsuishi,toshio & Keiko
Grant Deed
$325,000 · Standard Savings Bank
Feb 27, 1989
—
James Mitsumori
Mitsu
Quit Claim Deed
related
—
Feb 27, 1989
$870,000
Mitsumori James
Avner
Trustees Deed
$530,000 · Sumitomo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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