$4,675,000

Estimated payment $29,543/month

Total Views 723
3 Beds
4 Baths
9,906 Sq Ft
$472 Price per Sq Ft

Highlights

  • Private Pool
  • Laundry Facilities
  • 2-minute walk to Earthwalk Park
  • Thomas Jefferson Elementary School Rated A

About This Home

1814 Grismer Avenue is a turn-key fourteen (14) unit apartment building located in Burbank. Considered the "media capital of the world," Burbank is a major center of the entertainment industry and home to several prominent film and television studios. The opportunity consists of two (2) studio units, ten (10) one-bedroom units and two (2) two-bedroom/two-bathroom units. Additionally, amenities include on-site parking for almost all the units and a gated pool. Lastly, the building has undergone recent capital improvements including a new roof and a new main electrical panel. The city of Burbank does not have traditional rent control but operated under state law (AB 1482). Buyer to verify.

Listing Agent

Andres Diaz

FACTIO GROUP Brokerage Phone: 323-376-2469 License #01956479 Listed on: 06/29/2026

FACTIO GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 10,116 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 9,906 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Pool

  • Private Pool

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 3097
  • Assessor Parcel Number 2468005023
  • $1,796 per year additional tax assessments

Community Details

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,614
  • Fuel Expense $4,614
  • Insurance Expense $16,500
  • Maintenance Expense $7,000
  • Professional Management Expense $14,846
  • Supplies Expense $7,000
  • Trash Expense $4,614
  • Water Sewer Expense $4,614
  • New Taxes Expense $56,100
  • Operating Expense $65,628
  • Gross Income $381,240
  • Net Operating Income $248,075

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

10,116 Sq Ft Lot

Parking

12

Listing Details

  • CapRate: 5.34
  • Professional Management Expense: 14846.00
  • Property Attached: Yes
  • Supplies Expense: 7000.00
  • Water Sewer Expenses: 4614.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2468005023
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 471.94

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Trash Expense: 4614.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 10116.00
  • Lot Size Acres: 0.2322
  • Latitude Manual: 34.19506700

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average Studio Area: 450 Square Feet
  • Electric Expense: 4614.00
  • Fuel Expense: 4614.00
  • Gross Income: 381240.00
  • Gross Multiplier: 12.26
  • Gross Operating Income: 369803.00
  • Gross Scheduled Income: 381240.00
  • Insurance Expense: 16500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1350.00
  • Lot Size Area: 10116.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 248075.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 121728.00
  • Rent Control: No
  • Total Expenses: 65628.00

Tax Info

  • New Taxes Expense: 56100.00
  • Tax Lot: 39
  • Tax Tract Number: 3097
  • TaxOtherAnnualAssessmentAmount: 1796.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $48,857 $4,247,739 $1,694,453 $2,553,286
2024 $47,356 $4,164,451 $1,661,229 $2,503,222
2023 $46,858 $4,082,796 $1,628,656 $2,454,140
2022 $44,767 $4,002,742 $1,596,722 $2,406,020
2021 $44,580 $3,924,258 $1,565,414 $2,358,844
2019 $42,849 $3,807,864 $1,518,984 $2,288,880
2018 $42,466 $3,733,200 $1,489,200 $2,244,000
2016 $16,907 $1,445,762 $719,663 $726,099
2015 $16,581 $1,424,046 $708,853 $715,193
2014 $16,619 $1,396,152 $694,968 $701,184
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
06/29/2026 06/29/26 For Sale $4,675,000 -- $472 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 -- Old Republic Title
Grant Deed $3,700,000 North American Title Co Inc
Interfamily Deed Transfer -- American Coast Title
Individual Deed $710,000 American Coast Title
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
Open $2,990,000 Commercial
Previous Owner $2,260,000 Commercial
Previous Owner $532,500 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV26141069

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.