Rare 44-Unit Offering in Downtown Burbank — Sale in Burbank, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Burbank, CA 91501

Investment Figures

Cap rate
6.09%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a 44-unit multifamily community located at 470 East Angeleno Avenue in the heart of Burbank, California. The property sits just two blocks from Downtown Burbank and within walking distance to shopping, dining, entertainment, and major employment centers. Built in 1964 and meticulously maintained, the building offers a mix of spacious one- and two-bedroom floor plans averaging ±875 square feet, many of which have been updated with modern finishes, hardwood-style flooring, and stainless steel appliances. Set on a ±0.73-acre parcel, the property features secure access, an elevator-served central corridor, on-site laundry facilities, covered parking, and an attractive courtyard with mature landscaping. The asset is separately metered for gas and electricity, reducing ongoing ownership costs. Current rents are approximately 15–20% below market, providing immediate upside through turnover and light unit renovation. Burbank remains one of the strongest rental markets in Los Angeles County, anchored by Walt Disney Studios, Warner Bros., and the city’s thriving media and technology sectors. With limited new supply and sustained demand from well-paid entertainment and creative professionals, this offering represents a rare opportunity to acquire a well-located, institutional-quality multifamily asset in a premier Los Angeles submarket with significant income growth potential. Investment Highlights: • Prime Location in the Heart of Burbank • Strong Value-Add Potential With Below-Market Rents • Well-Maintained 44-Unit Building With Attractive Amenities • Desirable Mix of One- and Two-Bedroom Units • Supply-Constrained Market With High Tenant Demand • Burbank – One of Southern California's Most Stable Submarkets

Market Context

This multifamily in Burbank, CA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Burbank, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 6.1% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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