Burbank Multifamily Broker
Burbank apartment sales, with no Measure ULA transfer tax.
David Saghian of The Saghian Group (Lyon Stahl) is a Burbank multifamily broker who has closed 6 sales totaling $24,635,000 there (five apartment buildings and one retail building). Below are the Burbank market numbers for 2023 to 2025, every Burbank sale we have closed, and what moves price for owners here.
Burbank Market Snapshot
Burbank is its own city: no LA RSO and no Measure ULA, which helps buyers underwrite.
- Buildings sold
- 16
- $/unit
- $388,333
- $/SF
- $514
- Avg cap rate
- 4.8%
- Buildings sold
- 25
- $/unit
- $285,714
- $/SF
- $392
- Avg cap rate
- 5.3%
- Buildings sold
- 21
- $/unit
- $383,750
- $/SF
- $418
- Avg cap rate
- 5.6%
*Burbank submarket, buildings of 10+ units, Lee & Associates half-year reports.
Our Recent Sales in Burbank
1101 East Ave
A Burbank apartment property closed by our team at $6,900,000.
VIEW CLOSING →
221 N San Fernando Blvd
A multi-tenant retail building in downtown Burbank, sold at a 5.64% cap rate.
VIEW CLOSING →
4100 McFarlane Ave
13 turnkey units steps from Warner Bros, with no local rent control.
VIEW CLOSING →Why Sell With David in Burbank
Priced from real comps
Your value is built from your rent roll and our Burbank sales.
Studio-district buyers
Buyers who want Media District and downtown Burbank locations.
Quiet when you need it
Off-market or full campaign: we pick the path that nets you more.
Burbank rules
We model AB 1482 and Burbank's tenant protections before you list.
What Moves Price in Burbank
Burbank owners: we price against our six Burbank closings, from Hollywood Way to downtown’s McFarlane Ave.
Request a Confidential Valuation
Meet David Saghian
A UC Berkeley Haas graduate, I worked at Deloitte and in investment banking before real estate. Today our team has closed more than $400M in Los Angeles sales, and I bring a principal's perspective to every one.
Call (310) 401-1559Burbank Seller FAQs
What is my Burbank apartment building worth?
Lee & Associates reported Burbank buildings of 10+ units selling at $383,750 per unit, $418 per square foot and a 5.6% average cap rate in H1 2026. Value turns on rents versus market and condition. We price from your rent roll and comps like our sale of 4100 McFarlane Ave, 13 units at $4,725,000.
What are Burbank prices and cap rates doing now?
Burbank has stayed active: 16 sales of 10+ units in H1 2025, 25 in H2 2025 and 21 in H1 2026, with cap rates rising from 4.8% to 5.6%. No LA RSO and no Measure ULA help buyers underwrite here.
How long does it take to sell, and should I go off-market?
Timing depends on price, financing and how fast you deliver due diligence; escrow typically runs 30 to 60 days. A full campaign usually brings more buyers and a higher price; off-market works when the right buyer is already in hand.
Is my Burbank building rent controlled?
Burbank is its own city, so the LA RSO does not apply. Burbank's Tenant Protection Ordinance (since August 31, 2024) adds just-cause and relocation rules for AB 1482 units, and in October 2025 the Council directed staff to draft a 4% soft cap; we confirm the current rules before listing. Most buildings over 15 years old fall under AB 1482: 5% plus CPI, max 10%, or 8.7% in the LA area from August 1, 2026.
Does Measure ULA apply, and what does it cost to sell in Burbank?
No. Measure ULA is a City of Los Angeles tax and Burbank is a separate city. The County transfer tax ($1.10 per $1,000) still applies, plus the broker commission (negotiated, not set by law), escrow, title and any loan prepayment penalty. We model your net proceeds before you list.
Does my Burbank property have development potential?
ED1 and CHIP are City of LA programs and do not apply in Burbank, but State Density Bonus Law does. We check zoning, lot size and current Burbank rules so buyers pay for real upside.
How should I prepare my building for sale?
Have a current rent roll, a T-12 (trailing 12 months of income and expenses), leases and repair records ready, and fix or disclose deferred maintenance. Burbank's mandatory soft-story program (effective January 10, 2025) covers pre-1978 wood-frame multifamily buildings with tuck-under parking or a weak front first story; retrofit plans are due by January 11, 2027 and work must be finished by January 10, 2030.
Who is buying in Burbank, and why sell with David Saghian?
Buyers include 1031 exchange investors, who must identify within 45 days and close within 180 days (the same IRS deadlines apply if you exchange), and private local owners. David Saghian has closed 6 Burbank sales totaling $24,635,000, including 1101 East Ave at $6,900,000, and our team has closed more than $400M in LA sales.