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For Sale
$5,445,000

317 Delaware Road
Burbank, CA 91504

We are proud to represent this 14-unit apartment building in an excellent rental pocket in Burbank. The property is across the street from Burbank High school and minutes away from the Ikea development project, the Burbank mall, and numerous shops and restaurants. The building was constructed in 1962 and well maintained by a long term owner. Its unit mix consists of (14) two-bedroom, two-bathroom units. With a lot size of 13,797 square feet, the property has a total of 15,007 rentable square feet. The property has numerous upgrades consisting of copper plumbing, a new water heater, dual pane windows and sliding doors, fresh paint, and new rain gutters. The majority of the units have been upgraded with hardwood floors and granite countertops. Tenants enjoy large balconies. Unit M is the only unit with washer and dryer hook up and tenants own the appliance. The city of Burbank does not require soft story retrofit but the tuck under parking in the rear of the building was upgraded with steel reinforcement in 2014. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC.The city has over 80 restaurants, 30 movie screens,and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is seperately metered for gas and electricity Read More

Market Status
Available
Last Updated
April 18, 2021

Property Type
Multi Family
Year Built
1962
Stories
2
Stories
2.0
Parking
14 spaces
Property Type
MultiFamily;

Local Market Conditions

There are currently 68 properties for sale in the Burbank, CA area with the average listing price of $1,295,936. This represents an increase of +0.6% over the previous week. The 2 bedroom homes saw the largest increase in the average listing price over the previous week with a +2.7% increase. To learn more about the Burbank, CA area, contact a local expert!

Market Snapshot for Burbank, CA

Avg. Listing Price

$1,295,936

Wk ending Apr 17

$+7,553

+0.6%

w-o-w

68

25

15

13

9

4

Average Listing Price for Burbank, CA
No. BedroomsNo. Beds Week Ending
(Apr 17)
w-o-w Week Ending
(Apr 10)
Week Ending
(Apr 3)
Week Ending
(Mar 27)
All PropertiesAll $1,295,936 +0.6% $1,288,383 $1,286,689 $1,207,060
1 bedroom1 BR $552,333 +0.0% $552,333 $529,000 $529,000
2 bedrooms2 BR $884,744 +2.7% $861,538 $884,608 $998,772
3 bedrooms3 BR $1,191,848 -1.8% $1,213,523 $1,204,710 $1,163,419
4 bedrooms4 BR $1,641,106 -1.6% $1,667,930 $1,637,680 $1,205,920

Data Provided by CRIS-Net Regional MLS (Southland)
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This $5,445,000 Multi Family at 317 Delaware Road in Burbank, CA is presented by Cindy Hill and has been on the market for 65 days. This $5,445,000 Multi Family, located in the 91504 zip code, has the following property features: Parking, Stories, Property Type. This 317 Delaware Road Multi Family, located in Los Angeles County , is listed under MLS listing number SR21028241 and has a listing price of $5,445,000. You can find more Burbank homes for sale here.

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