Selling or valuing commercial property in Burbank.
Laura Milshteyn, Senior Vice President, KW Commercial Hollywood Hills (CA DRE #01997655) advises owners of retail, mixed-use, apartment, and industrial property in Burbank on valuations, sale strategy, quiet off-market sales, and 1031 exchanges. Burbank is its own city, so Los Angeles's Measure ULA transfer tax does not apply to sales here.
- Advisor
- Laura Milshteyn, Senior Vice President, KW Commercial Hollywood Hills
- License
- CA DRE #01997655
- Jurisdiction
- City of Burbank
- Contact
- 310.400.0430 · laura.milshteyn@kw.com
- Broker opinions of value
- Sale strategy and marketing
- Quiet, off-market sales
- 1031 exchange planning
Every valuation is complimentary and confidential, with no obligation to list.
What Burbank owners are weighing now.
- No Measure ULA, and no added city transfer tax
- Burbank is a separate city, so Los Angeles's Measure ULA transfer tax does not apply. Los Angeles County lists only five cities that add their own transfer tax (Culver City, Los Angeles, Pomona, Redondo Beach, and Santa Monica), and Burbank is not one of them, so a sale here carries the countywide tax of $0.55 per $500 of value.LA County Registrar-Recorder — Documentary Transfer Taxes· October 20, 2026
- A new airport terminal
- Hollywood Burbank Airport opened its replacement passenger terminal on October 13, 2026: a 355,000-square-foot building, costing nearly $1.3 billion, that replaces a 232,000-square-foot complex and keeps the airport's 14 gates.NBC Los Angeles — New Hollywood Burbank Airport terminal opens· October 13, 2026
- Two specific plans in motion
- Burbank is rewriting the rules for two of its largest districts. The city is preparing an environmental impact report for its Downtown Transit-Oriented Development Specific Plan that will analyze up to 9,944 new homes downtown, and the Media District Specific Plan Update, which replaces a plan adopted in 1991, released a revised environmental impact report in July 2026.CEQAnet — Burbank Downtown TOD Specific Plan (SCH 2021050436)· November 16, 2023CEQAnet — Burbank Media District Specific Plan Update (SCH 2023110017)· July 15, 2026
- SB 79 near Downtown Burbank Metrolink
- California's SB 79, in effect since July 1, 2026, allows taller housing near qualifying transit stops. In January 2026, city staff identified the Downtown Burbank Metrolink Station as qualifying. In May 2026, the Burbank Leader reported that five of the six planned bus rapid transit stops in Burbank would also qualify, while Metro and the city were in litigation over that line.City of Burbank — SB 79 City Council staff report· January 27, 2026Burbank Leader — Burbank grapples with BRT impact amid lawsuit· May 22, 2026
Last reviewed . General information, not tax or legal advice; rules change, so confirm the details for your property with your CPA or attorney.
Five questions about your Burbank property.
See your options in plain terms before you talk to anyone.
Question 1 of 5
What kind of property is it?
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Burbank’s commercial corridors.
- Downtown Burbank and San Fernando Boulevard
- Magnolia Park and Magnolia Boulevard
- The Media District, along Olive and Alameda Avenues
- The airport district around Hollywood Way
- Victory Boulevard
- Glenoaks Boulevard
Closed transactions nearby.
Laura works alongside Francisco Williams, CCIM, of Williams Capital Advisors.
Two brokerages, one file: on a shared assignment, both principals are on it, across multifamily, retail, office, industrial, mixed-use, and land.
Burbank owners ask.
No. Measure ULA is a City of Los Angeles tax, and Burbank is a separate city. A Burbank sale carries the countywide documentary transfer tax of $0.55 per $500 of value, and Burbank adds no city transfer tax of its own.
Units covered by California's Tenant Protection Act are also covered by Burbank's Tenant Protection Ordinance, which requires three months' rent in relocation assistance for no-fault evictions other than owner or relative move-ins, and prohibits retaliation and harassment.
It may, if the property is near a qualifying transit stop. City staff identified the Downtown Burbank Metrolink Station as qualifying, and the Burbank Leader reported in May 2026 that five of the six planned bus rapid transit stops would also qualify; the bus line itself is in litigation between Metro and the city.
Yes. A broker opinion of value is complimentary and confidential, and it carries no obligation to list.
Neighboring markets.
Thinking about your Burbank property?
A conversation is complimentary, confidential, and without obligation.
Contact Laura