Homes for sale - 324 E Santa Anita AVE, Burbank, CA 91502

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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$2,925,000

Est. payment - /mo

6,001 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,001 sqft

Price per Sqft $487

MLS Listing ID 225005776

HOA Y/N No

Year Built 1957

Lot Size 8,982 Sqft

Property Description

The E. Santa Anita Ave Residences present a rare value-add opportunity in one of Burbank's most desirable rental corridors, just south of Glenoaks Blvd. This 8-unit, 6,001 sq. ft. building sits on an oversized 8,978 sq. ft. lot and features an efficient mix of two 2BR/1BA units and six 1BR/1BA units.Units have already been modernized with stainless-steel appliances, wood flooring, and upgraded bathroom vanities. Ownership has also completed major system upgrades, including electrical, reducing near-term maintenance exposure for a new investor.Built in 1957, the property is subject to AB 1482, allowing approximately 8% annual rent increases. Eight parking spaces (including tandem), and a rear garage with ADU conversion potential, this asset offers multiple avenues for forced appreciation.This is an exceptional chance to acquire a trophy multifamily asset in a prime, low-vacancy Burbank neighborhood with strong long-term fundamentals.Unit A .....2 bed, 1 1/2 bath $2599Unit B.....1 Bed, 1 bath $2150Unit C.....1 bed, 1 bath $2328Unit D.....2 bed, 1 1/2 bath $2520Unit E.....1 bed, 1 bath $2380Unit F.....1 bed, 1 bath $2197Unit G....1 bed, 1 bath $2328Unit H.....1 bed, 1 bath $2328All of the units have been renovated.There are 8 parking spots. NOI is at $188,878 running at 17% for expenses (Excluding property taxes)

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central

Fireplace No

Exterior

Total Parking Spaces 8

Building

Story 2

Water Public

Others

Tax ID 2453029008

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Renee Wilkins-Virella Keller Williams Westlake Village

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NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

9

Theodore Roosevelt Elementary School

Public | KG - 5
9

Robert Louis Stevenson Elementary

Public | KG - 5
9

Thomas Jefferson Elementary School

Public | KG - 5
8

Bret Harte Elementary

Public | KG - 5
8

Thomas Edison Elementary

Public | KG - 5
8

Joaquin Miller Elementary School

Public | KG - 5
8

Balboa Elementary School

Public | KG - 6
8

Mark Keppel Elementary School

Public | KG - 5
7

Providencia Elementary

Public | KG - 5
7

George Washington Elementary

Public | KG - 5
7

Walt Disney Elementary School

Public | KG - 5
7

Ralph Emerson Elementary

Public | KG - 5
7

Benjamin Franklin Elementary School

Public | KG - 6
6

William McKinley Elementary School

Public | KG - 5
6

Thomas Jefferson Elementary School

Public | PK - 6
5

Thomas Edison Elementary School

Public | KG - 6
5

Columbus Elementary School

Public | PK - 5
1

Options for Youth-Burbank Charter

Public | KG - 12
0

Media Center Montessori Preschool/Kindergarten

Private | PK - KG
0

Brighton Hall School

Private | 2 - 12

Middle Schools 7

8

John Muir Middle School

Public | 6 - 8
7

Eleanor J. Toll Middle School

Public | 6 - 8
6

David Starr Jordan Middle School

Public | 6 - 8
0

Magnolia Park

Public | 6 - 12
0

International School of los Angeles-Burbank

Private | 6 - 12
0

Burbank Unified School District Community Day

Public | 7 - 12
0

Jewel City Community Day

Public | 7 - 10

High Schools 6

8

John Burroughs High School

Public | 9 - 12
8

Burbank High School

Public | 9 - 12
7

Herbert Hoover High School

Public | 9 - 12
0

Monterey High (Continuation)

Public | 9 - 12
0

Providence High School

Private | 9 - 12
0

Bellarmine-Jefferson High School

Private | 9 - 12

School and business data provided by Attom Data.

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Rene Ramirez

+1(951) 384-0656

Broker | License ID: 02038829

Broker License ID: 02038829

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324 E Santa Anita AVE Burbank, CA 91502

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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324 E Santa Anita AVE