Looking for a Burbank multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.41 billion across 254 Los Angeles apartment building transactions over 14 years — including 4 in Burbank alone. If you own an apartment building in Burbank and are weighing a sale, this is the team that prices it against Burbank's real buyer pool and rules — not a generic LA average.
Six large employers — Warner Bros., Disney, Cartoon Network Studios, ABC/Disney Television, Nickelodeon Animation, and Worldwide Pants-era legacy production — shape Burbank's rental economy more than any other city in LA metro. The building you own does not exist in a general LA multifamily market. It exists in a market where demand is concentrated around four or five studio campuses and the supporting creative-class infrastructure around them. That is the through-line on every investment decision in Burbank multifamily.
When a buyer underwrites a Burbank building, the rent roll is not measured against LA-wide rent trends. It is measured against a specific set of jobs at a specific set of employers. Burbank buildings don't move with LA's general-demand cycle. They move with studio production schedules, employment relocations, and the slow rhythm of a city where the biggest buildings — physical and corporate — do not leave. That makes NOI projections cleaner than almost anywhere else in LA metro. It also means a softening in studio employment would show up faster here than elsewhere. The buyer is pricing both.
Burbank has its own municipal rent stabilization ordinance. LA City RSO does not apply. LA County RSTPO does not apply. AB 1482 is the state backstop underneath. For a seller, that translates to a market where the December 2025 LA City RSO rewrite — the single largest underwriting event in LA multifamily right now — is a non-factor. Buyers pricing Burbank are not carrying LA-City-specific legislative risk. That absence of risk has a price, and Burbank gets paid for it.
Value in Burbank turns on vintage, rent-control status, your in-place rents versus market, and which buyer pool fits your building — not a single neighborhood average. Michael underwrites your specific Burbank building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Request a Free Burbank Building Evaluation →Three pools move Burbank consistently. Local family offices with long Burbank holding histories — many going back to the 1980s — buy smaller buildings reliably, often off-market. They do not chase market peaks; they acquire when the specific building fits the portfolio, and they close without theater. Institutional and private equity participates selectively on larger, physically-clean assets. The screen is tighter than in 2021, but Burbank's regulatory predictability keeps the pool engaged.
1031 exchangers — particularly California sellers exiting LA City RSO inventory — use Burbank as a landing destination. The trade is specific: swap legislative risk for cash-flow stability.
A sample of Burbank apartment buildings Michael Sterman has closed. Each links to the full deal record.
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 254 transactions worth $1.41 billion. He knows how Burbank buildings are valued, who buys them, and what it takes to get a clean deal closed here. CA DRE License #01911703.
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