44 Unit Apartment Building for Sale - Burbank, CA

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.