300 N Screenland Dr
- (3) 1BR/1BA and (2) 2BR/1BA, fully occupied
- Front and rear buildings, two stories each, built 1955
- Coin laundry room plus a washer and dryer in Unit A
- Residents pay unit electricity and gas; ownership pays water
Property Description
We are pleased to present 300 N Screenland Dr, a five-unit apartment property in west Burbank. Built in 1955, the property holds three one bedroom and two two bedroom units, each a single bathroom plan, in a front and a rear building totaling 3,598 square feet on a 7,338 square foot corner lot. The property is fully occupied, and scheduled rent carries about 9% upside to market. The current ownership has already replaced the systems a buyer of a 1955 building would otherwise budget for: the gas and water supply lines in 2026, the main drain to the street, the kitchen drain lines in three units and both roofs. The property has not sold since 1972. The offering suits private investors and 1031 exchange buyers seeking a small Burbank building a third of a mile from the Warner Bros. lot. The property sits on N Screenland Dr in west Burbank, on a residential street of low-rise apartment buildings and single family homes. The Warner Bros. Ranch lot on Hollywood Way is 0.27 miles away and Warner Bros. Studios 0.34 miles. Providence Saint Joseph Medical Center is 0.78 miles east and Walt Disney Studios 0.97 miles. Universal Studios Hollywood is 1.47 miles southwest and the Metro B Line North Hollywood station 2.14 miles west. Hollywood Burbank Airport, 2.81 miles north, opens its $1.3B, 14-gate replacement terminal to passengers on 13 October 2026. ZIP 91505 has a median household income of $109,953 and a median gross rent of $2,397, and 56% of its occupied households rent. Of its 14,316 housing units, 82 were built in 2020 or later.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $1,750,000 |
| No. of Units: | 5 |
| Cap Rate: | 5.08% |
| GRM /GIM: | 12.71 |
| Year Built: | 1955 |
| Building Size: | 3,598 Sq ft |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $350,000 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Morgan Wetmore | 818-212-2724 | [email protected] |
| Glen Scher | 818-212-2808 | [email protected] |
| Filip Niculete | 818-212-2748 | [email protected] |
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