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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.
Property Type(s):
Residential Income
| Last Updated | 3/17/2026 | Year Built | 1961 |
|---|---|---|---|
| Community | 610 - Burbank | County | Los Angeles |
Price History
| Prior to Mar 17, '26 | $4,899,000 |
|---|---|
| Mar 17, '26 - Today | $4,815,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Refrigerator |
| AREA | 610 - Burbank |
| HEAT | Wall Furnace |
| LOT | 10115 sq ft |
| LOT DIMENSIONS | 10116 |
| PARKING | Covered |
| POOL DESCRIPTION | Fenced, In Ground |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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