455 - 457 W Elm
Burbank, CA 91506
Listing broker / agent: Century 21 Masters · Scott Pinkerton · 818-621-7732 · CRMLS
MLS # SR26169083 · Last checked Oct 8, 2026 04:10 UTC
About this property
Amazing opportunity to acquire 455-457 W Elm Avenue, a 12-unit multifamily investment property located in Burbank’s desirable Rancho Adjacent submarket. A Distinctive 12-Unit Multifamily Investment in the Heart of Burbank The property consists of approximately 9,528 square feet across two well-maintained, Tudor-style residential buildings. The courtyard-style configuration, mature landscaping, brick detailing, and distinctive architectural character contribute to an inviting residential environment and strong curb appeal. The property generates approximately $312,300 in annual gross income. Based on stabilized expenses of $117,749, the offering produces an estimated stabilized net operating income of $194,551. At the $4,500,000 asking price, the property is offered at a 4.32% capitalization rate, $375,000 per unit, and approximately $472.29 per square foot. Current residential rents average approximately $2,123 per unit per month, excluding garage income, compared with a reported submarket median of approximately $2,350 for comparable two-bedroom, one-bathroom units. This difference may provide an opportunity for future rental growth through natural turnover, subject to applicable rent regulations, market conditions, unit condition, and buyer verification. Please do not disturb the tenants or walk on property.
Property details
- MLS number
- SR26169083
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.3272 acres
- Year built
- 1953
More property detailsCollapse
Listing
- Days on market
- 63
Building
- Year built
- 1953
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Cooling
- Wall Window Units
- Laundry
- Common Area, Laundry Room
Exterior & parking
- Total parking spaces
- 6
- Garage spaces
- 6
- Pool
- None
- Lot features
- Zero To One Unit Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Curbs, Storm Drains, Sidewalks
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| William McKinley Elementary Burbank Unified · Burbank | K–5 | 0.3 mi |
| Dolores Huerta Middle Burbank Unified · Burbank | 6–8 | 0.4 mi |
| Benjamin Franklin Elementary Glendale Unified · Glendale | K–6 | 0.8 mi |
| Walt Disney Elementary Burbank Unified · Burbank | K–5 | 1.0 mi |
| Burroughs High Burbank Unified · Burbank | 9–12 | 1.1 mi |
| Thomas Jefferson Elementary Glendale Unified · Glendale | K–6 | 1.5 mi |
| R. L. Stevenson Elementary Burbank Unified · Burbank | K–5 | 1.6 mi |
| Joaquin Miller Elementary Burbank Unified · Burbank | K–5 | 1.6 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $4,250,000
- MLS-reported original asking price
- $4,500,000
- MLS-reported previous asking price
- $4,500,000
- MLS-reported last price change
- 2026-09-09 11:37 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:39 | $4,250,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Burbank
Active residential homes for sale in Burbank, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
12 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-08 06:08 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗