303 E Alameda Ave, Burbank, CA 91502
303 E Alameda Ave, Burbank, CA 91502
303 E Alameda Ave, Burbank, CA 91502
14
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$7,255,000
Est. payment /mo
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34 Beds
34 Baths
17,572 SqFt
New

303 E Alameda Ave Burbank, CA 91502

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Chance Vanek

Chance Vanek

+1(702) 305-3777

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,572 sqft

Price per Sqft $412

MLS Listing ID 26991739

Bedrooms 34

Year Built 1963

Lot Size 0.317 Acres

Acres 0.3175

Property Sub-Type Multi-Family

Property Description

Situated near Glenoaks Boulevard and less than one mile from Downtown Burbank, the property lies in one of the densest and most prime rental pockets of Burbank. Due to the fact that the property is subject only to Burbank's local rent ordinance, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The property has been heavily upgraded and well-maintained, with a new roof installed in 2023. Seismic retrofit reinforcements and gas shutoff valves were installed in 2024, along with a new main water heater. Closed-circuit security cameras and new landscaping have also been added to the property in recent years. The property's unit mix features mostly two-bedroom apartments, helping to attract both families and business professionals seeking additional remote working space. The well-amenitized building includes central air/heat for all units, along with stainless steel appliances, stone countertops, and balconies in most apartments. An investor can benefit not only from the top rents these upgraded apartments command, but also from several supplemental income streams, including RUBS, renter's insurance, and on-site laundry revenue. With a Walk Score of 91 and having earned the label "Walker's Paradise," the property offers tenants convenient access to the nation's largest IKEA store just one block away, as well as the Burbank Town Center Shopping Mall and numerous shops and restaurants along Glenoaks Boulevard and nearby Downtown Burbank. Dubbed the "Media Capital of the World," the city of Burbank is home to a vast contingent of entertainment employers, which allows tenants convenient commutes to studios. Notable media production campuses in and around Burbank include Disney Studios, Walt Disney Imagineering, Warner Bros. Studios, Universal Studios, Nickelodeon Studios, Cartoon Network, and Dreamworks Animation.

Location

State CA

County Los Angeles

Area Burbank

Zoning BUC2*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned, Attached

Garage Spaces 21.0

Building

Story 3

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Chance Vanek

Chance Vanek

Agent RE.S.0066702

+1(702) 305-3777

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303 E Alameda Ave