- ERA
- California
- Burbank
- 1814 Grismer Avenue
1814 Grismer Avenue, Burbank, CA 91504
Local realty services provided by:ERA North Orange County Real Estate
1814 Grismer Avenue,Burbank, CA 91504
$4,899,000
- 14 Beds
- 16 Baths
- 9,906 sq. ft.
- Multi-family
- Active
Office: marcus & millichap
MLS#:26641923
Source:CRMLS
Price summary
- Price:$4,899,000
- Price per sq. ft.:$494.55
About this home
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.
Contact an agent
Home facts
- Year built:1961
- Listing ID #:26641923
- Added:8 day(s) ago
- Updated:January 25, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:16
- Living area:9,906 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1961
- Building area:9,906 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$4,899,000
- Price per sq. ft.:$494.55
New listings near 1814 Grismer Avenue
- Open Sun, 11am to 2pmNew
$1,499,999Active5 beds 3 baths2,306 sq. ft.417 S Glenwood Pl., Burbank, CA 91506
MLS# PF26019879Listed by: BOT REAL ESTATE - Open Sun, 1 to 4pmNew
$749,000Active2 beds 3 baths1,244 sq. ft.9405 Via Yolanda, Burbank, CA 91504
MLS# 26643507Listed by: KELLER WILLIAMS REALTY LOS FELIZ - New
$1,625,000Active5 beds 4 baths3,023 sq. ft.2907 W Riverside Drive, Burbank, CA 91505
MLS# 26645001Listed by: MARCUS & MILLICHAP - New
$549,800Active1 beds 2 baths690 sq. ft.355 N Maple Street #203, Burbank, CA 91505
MLS# SR26021058Listed by: FIRST TEAM REAL ESTATE - New
$549,800Active1 beds 2 baths690 sq. ft.355 Maple Street #203, Burbank, CA 91505
MLS# SR26021058Listed by: FIRST TEAM REAL ESTATE - New
$1,275,000Active4 beds 2 baths1,658 sq. ft.743 N Sparks, Burbank, CA 91506
MLS# SR26011765Listed by: PACIFICO REAL ESTATE GROUP - New
$1,050,000Active4 beds 3 baths1,972 sq. ft.1920 N Screenland Drive, Burbank, CA 91505
MLS# P1-25635Listed by: COMPASS - Open Sun, 1 to 4pmNew
$999,888Active3 beds 1 baths1,201 sq. ft.340 S Lomita Street, Burbank, CA 91506
MLS# 26643991Listed by: COMPASS - New
$1,199,000Active4 beds 2 baths2,060 sq. ft.121 N Myers, Burbank, CA 91506
MLS# BB26018965Listed by: MEDIA WEST REALTY,INC. - New
$1,150,000Active4 beds 4 baths1,861 sq. ft.4118 W Kling, Burbank, CA 91505
MLS# SR26017765Listed by: REPRESENTED BY