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.
Selling an apartment building here? Burbank multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 4 |
| Units | 47 |
| Total volume | $13.7 million |
| Median price per unit | $299K |
| Range | $190K – $348K |
Median and range are drawn from the 4 Burbank buildings in the Sterman Transaction Index — Michael Sterman's own closed book, not a market-wide estimate. Per-unit pricing tracks building size as much as location, so compare against buildings of similar unit count rather than against the submarket average.
| Address | Units | Price | Closed |
|---|---|---|---|
| 240-260 E Providencia Ave | 15 | $5,225,000 | 2026-03 |
| 336 E Santa Anita Ave | 12 | $3,700,000 | 2025-07 |
| 561 E Orange Grove Ave | 10 | $2,895,000 | 2023-04 |
| 415 W Riverside Dr | 10 | $1,900,000 | 2023-03 |
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...
Read the full seller's guide →Living in townBurbank is an independent city of about 105,000 residents in the eastern San Fernando Valley, widely recognized as the media capital of the world. The city runs on entertainment-industry employment, has its own municipal...
See the full neighborhood profile →Closings4 Sterman Multifamily Group closings in Burbank. See the full transaction record.
See all 4 Burbank closings →FAQ3 common questions about selling an apartment building in Burbank — answered.
Read the full FAQ →Burbank multifamily behaves more like a one-company town than a generic LA market. When studios hire, Burbank fills. When studios consolidate, it softens. The buildings are easier to underwrite than most LA City inventory because the regulatory regime is Burbank's own ordinance, not LA City RSO.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Own buildings in more than one part of LA? See the citywide record across every Los Angeles submarket →
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