300 N Screenland Dr — Sale in Burbank, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Burbank, CA 91505

Photos

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Investment Figures

Cap rate
5.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 300 N Screenland Dr, a five-unit apartment property in west Burbank. Built in 1955, the property consists of three one-bedroom and two two-bedroom units across two buildings totaling 3,598 square feet on a 7,338-square-foot corner lot. The property is fully occupied with approximately 9% rental upside to market. Current ownership has completed several significant capital improvements, including replacement of the gas and water supply lines in 2026, the main sewer line to the street, kitchen drain lines in three units, and roofs on both buildings. Offered for the first time since 1972, the property presents a rare opportunity for private investors and 1031 exchange buyers seeking a well-maintained Burbank asset with meaningful long-term ownership history and proximity to major entertainment employers. Located on N Screenland Dr, the property is approximately one-third of a mile from Warner Bros. Studios, with Providence Saint Joseph Medical Center and Walt Disney Studios also nearby. Universal Studios Hollywood, the Metro B Line in North Hollywood, and Hollywood Burbank Airport provide additional employment and transportation connectivity. Hollywood Burbank Airport is scheduled to open its new $1.3 billion, 14-gate replacement terminal in October 2026. ZIP Code 91505 reports a median household income of approximately $110,000 and median gross rent of $2,397, with 56% of occupied households renting. Investment Highlights: • Prime West Burbank Location. • Ideally positioned near major entertainment and employment centers, including Warner Bros. Studios, Walt Disney Studios, Providence Saint Joseph Medical Center, and Universal Studios Hollywood. • Fully Occupied Five-Unit Property. Attractive unit mix consisting of three 1BR/1BA units and two 2BR/1BA units. • Approximately 9% Rental Upside. Current scheduled rent of $137,700 has potential to increase to approximately $149,700 at market rents. • First Sale in More Than 50 Years.

Market Context

This multifamily in Burbank, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Burbank, CA — view the full market.

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