Armen Aroyan
Select Real Estate LA
(747) 215-3654
29 Total Sales
5 in Hillside District
$540K - $920K Price Range
1608 Grismer Ave Burbank, CA 91504
Hillside District Neighborhood
16
Beds
8
Baths
6,800
Sq Ft
0.32
Acre Lot
Highlights
- Laundry Facilities
- Thomas Jefferson Elementary School Rated A
- 5-minute walk to Earthwalk Park
About This Home
As of February 2026PRICED TO SELL! The Grismer Apartments is located in Burbank, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the shopping and eateries located at the Empire Center and Downtown Burbank. The City of Burbank offers not only a quiet corner to call home but also some of the most major production studios in the entertainment industry! It is also ideally centered near a few major freeways, making it a short distance to cities like Glendale, Toluca Lake and Sherman Oaks. The apartment complex has 8 units in total and features an excellent unit mix. The property consists of all 2 bedroom 1 bathroom units. The property has been so well maintained and has lots of curb appeal. The location incorporates the perfect balance between the coziness of the City of Burbank and the liveliness of being minutes away from hot spots throughout Los Angeles. This premier property is a unique opportunity for an investor looking to expand their portfolio into one of the leading neighborhoods in Los Angeles County!
Last Agent to Sell the Property
Baboudjian Properties Inc. Brokerage Phone: 626-657-7575 License #01372116 Listed on: 09/22/2025
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Property Details
Home Type
- Apartment
Year Built
- Built in 1944
Lot Details
- 13,971 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Parking
- 2 Open Parking Spaces
- 8 Parking Spaces
- 6 Carport Spaces
- Parking Available
- Assigned Parking
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 3097
- Assessor Parcel Number 2468007012
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $334
- Fuel Expense $265
- Gardener Expense $1,440
- Insurance Expense $8,739
- Maintenance Expense $7,375
- Trash Expense $5,337
- Water Sewer Expense $3,400
- New Taxes Expense $26,160
- Operating Expense $53,051
- Gross Income $223,080
- Net Operating Income $170,028
Additional Features
- 8 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillside District, CA
-
Armen Aroyan
-
Mitchell Stein
Mitchell Stein
KW College Park
(424) 332-1466
42 Total Sales
3 in Hillside District
$1.2M - $1.4M Price Range
-
CIERA SIMS-BOTSFORD
CIERA SIMS-BOTSFORD
ANOMALY REAL ESTATE
(951) 749-9183
207 Total Sales
1 in Hillside District
$800,000 Price
-
Andrew Hart
Andrew Hart
Real Broker
(818) 463-1176
63 Total Sales
2 in Hillside District
$847K - $1.2M Price Range
-
Nikolai Medvedev
Nikolai Medvedev
Berkshire Hathaway HomeServices California Properties
(213) 652-6289
20 Total Sales
1 in Hillside District
$805,000 Price
-
Armen Mardirousi
Armen Mardirousi
R3ES
(747) 307-6746
7 Total Sales
1 in Hillside District
$770,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,400,000 | Western Resources Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,270,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $800,000 | Negative Amortization | |
| Previous Owner | $700,000 | Commercial | |
| Previous Owner | $350,000 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $2,400,000 | 0.0% | $353 / Sq Ft |
| 09/22/2025 09/22/25 | For Sale | $2,400,000 | -- | $353 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,633 | $215,251 | $72,485 | $142,766 |
| 2025 | $3,633 | $211,031 | $71,064 | $139,967 |
| 2024 | $3,453 | $206,894 | $69,671 | $137,223 |
| 2023 | $3,429 | $202,838 | $68,305 | $134,533 |
| 2022 | $3,313 | $198,862 | $66,966 | $131,896 |
| 2021 | $3,257 | $194,963 | $65,653 | $129,310 |
| 2019 | $3,159 | $194,132 | $63,706 | $130,426 |
| 2018 | $3,020 | $190,423 | $62,457 | $127,966 |
| 2016 | $2,770 | $178,273 | $60,033 | $118,240 |
| 2015 | $2,730 | $175,596 | $59,132 | $116,464 |
| 2014 | $2,784 | $172,157 | $57,974 | $114,183 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Baboudjian
Seller's Agent in 2026
Jack Baboudjian
Baboudjian Properties Inc.
(626) 657-7575
1 in this area
17 Total Sales
-
Edwin Savadian
Buyer's Agent in 2026
Edwin Savadian
GPM
(818) 217-0056
1 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25222301
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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