$2,395,000
-$100,000198 W Elmwood, Burbank CA 91502
Multi-Family (6 Units)
Property type
141 days
On market
$499
Price per sqft
6 cars
Garage
1953
Year built
7,513 sqft
Lot size
Home highlights
Open Houses
Overview
Prime Burbank 6-Unit Multifamily | Strong Rental Upside | 5.7% Pro Forma Cap Located in the highly desirable City of Burbank — subject to AB 1482 with higher allowable annual rental increases than the City of Los Angeles — this pride-of-ownership six-unit multifamily property presents an exceptional value-add investment opportunity with approximately 18%+ rental...
Listing provided by: Silvia Ragheb DRE #01319114, Trinity Real Estate & Investme
Listing updated: Feb 10, 2026 at 06:48pm.
Last checked: Jun 5, 2026 at 04:00am
Source: CRMLS #GD26010495
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 2 | 1 | 1 | $2,195 | $0 | $2,495 | Partially |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 6
Dishwasher: 6
Ranges: 6
Refrigerator: 6
Rent Control: No
Units Leased: 4
Total Actual Rent: $8,445
Financial Snapshot
Gross Rent Multiplier
14.9x
List Price / Annual Gross Rent
Cap Rate
4.79%
NOI / List Price
Gross Scheduled Income: $160,680
Operating Expense: $45,886
Net Operating Income: $114,793
Annual Operating Expenses
Electric: $0
Fuel: $154
Insurance: $7,735
Maintenance: $3,400
Professional Management: $0
Trash: $2,000
Water / Sewer: $2,059
Interior
Interior Features: Ceiling Fans, Walk-in Closets
Room Type: Kitchen, Living Room, Other
Flooring: Laminate, Tile, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Refrigerator, Range Hood
Fireplace: None
Laundry: Common Area
Accessibility: Parking
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition
Construction Materials: Unknown
Common Walls: Two Common Walls Or More
Lot Features: Front Yard, Sprinkler System
Pool: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Sewer Connected, Water Connected
View: Neighborhood, Trees Woods
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Carport
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 2451001035
Additional Parcels: No
Tax Lot: 18
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 198 W Elmwood, Burbank, CA 91502. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,916,000
Total Interest
$2,443,752
Total Payment
$4,359,752
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$14,755
per month
Property History for 198 W Elmwood
Burbank Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91502.
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