Homes for sale - 1814 Grismer AVE, Burbank, CA 91504

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,899,000

Est. payment - /mo

14 Beds

16 Baths

9,906 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,906 sqft

Price per Sqft $494

MLS Listing ID 26641923

Bedrooms 14

HOA Y/N No

Year Built 1961

Lot Size 10,114 Sqft

Property Description

We are pleased to present 1814 Grismer Avenue, a 14-unit multifamily investment ideally positioned in North Burbank, one of Southern California's most consistently sought-after rental markets. Tucked within a quiet residential pocket just minutes from Thomas Jefferson Elementary School, John Muir Middle School, and McCambridge Park & Recreation Center. A gated pool area provides an inviting space for residents to swim, sunbathe, and BBQan increasingly scarce amenity that enhances tenant satisfaction and long-term retention. The property also features a large on-site laundry room with seller-owned machines, allowing a new owner to enjoy immediate income without the burden of third-party leases.Constructed in 1961, the property spans approximately 9,906 square feet and is comprised of 10 one-bedroom/one-bath units, 2 two-bedroom/two-bath units, and 2 studio units. All units are separately metered for gas and electricity. Over the years, ownership has completed meaningful capital improvements, including roof replacement, upgraded windows, and a new main electrical panel, positioning the asset for stable performance with limited near-term capital needs.Strategically located north of the I-5 Freeway and west of North Glenoaks Boulevard, 1814 Grismer Avenue benefits from immediate access to premier retail and employment centers. The Burbank Empire Center, Burbank Town Center, and Costco Wholesale are all within approximately one mile. Glenoaks Boulevard and San Fernando Boulevard serve as major commercial corridors offering a diverse mix of dining, shopping, and professional services. Commuters enjoy seamless connectivity via the I-5 and CA-134 freeways, placing Studio City, Glendale, Los Feliz, Atwater Village, North Hollywood, Downtown Los Angeles, and the San Gabriel Valley all within easy reach.Located in the City of Burbank, the property may face a pending soft cap of 4% yearly rent increases. However, AB 1482 allows for more favorable rental increases compared to the City of Los Angeles or unincorporated Los Angeles Countycreating a compelling environment for both cash flow stability and long-term growth.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal, Refrigerator

Laundry Laundry Room

Exterior

Parking Features Covered, Uncovered

Pool Fenced, In Ground

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2468005023

Special Listing Condition Standard

Read Less Info

Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

9

Theodore Roosevelt Elementary School

Public | KG - 5
9

Robert Louis Stevenson Elementary

Public | KG - 5
9

Thomas Jefferson Elementary School

Public | KG - 5
8

Toluca Lake Elementary

Public | PK - 5
8

Bret Harte Elementary

Public | KG - 5
8

Thomas Edison Elementary

Public | KG - 5
8

Joaquin Miller Elementary School

Public | KG - 5
8

Balboa Elementary School

Public | KG - 6
7

Providencia Elementary

Public | KG - 5
7

George Washington Elementary

Public | KG - 5
7

Walt Disney Elementary School

Public | KG - 5
7

Ralph Emerson Elementary

Public | KG - 5
7

Benjamin Franklin Elementary School

Public | KG - 6
6

William McKinley Elementary School

Public | KG - 5
6

Thomas Jefferson Elementary School

Public | PK - 6
5

Oxnard Street Elementary School

Public | KG - 5
5

Roscoe Elementary

Public | KG - 5
5

Vinedale Elementary School

Public | KG - 6
1

Glenwood Elementary School

Public | KG - 5
1

Options for Youth-Burbank Charter

Public | KG - 12

Middle Schools 7

8

John Muir Middle School

Public | 6 - 8
6

Luther Burbank Middle School

Public | 6 - 8
6

David Starr Jordan Middle School

Public | 6 - 8
0

Off Campus Learning Center

Public | 7 - 12
0

Magnolia Park

Public | 6 - 12
0

International School of los Angeles-Burbank

Private | 6 - 12
0

Burbank Unified School District Community Day

Public | 7 - 12

High Schools 5

8

John Burroughs High School

Public | 9 - 12
8

Burbank High School

Public | 9 - 12
0

Monterey High (Continuation)

Public | 9 - 12
0

Providence High School

Private | 9 - 12
0

Bellarmine-Jefferson High School

Private | 9 - 12

School and business data provided by Attom Data.

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