324 Santa Anita

Burbank, CA, 91502
For Sale $3,300,000
  • 10beds
  • 6,001sqft
  • 0.21acre
Listing agent:
Errol Spiro
License #00893163
Miller & Desatnik Realty Co.
The E Santa Anita Ave Residences are an 8-unit apartment building located in a prime Burbank location just south of Glenoaks Blvd. The property has a highly desirable unit mix of two 2 BR + 1 Bath and six 1 BR + 1 Bath units. This two-story building is approximately 6,001 SF and sits on a large 8,978 SF lot. Seven of the eight units have received tasteful renovations with new stainless steel appliances, wood floors, and new vanities in the bathrooms. Current ownership has also completed several other capital improvements, including updating the electrical system. The Santa Anita Ave Residences were constructed in 1957 and are subject to AB 1482 rent control measures, allowing new ownership to raise rents approximately 8% each year. There is also a significant amount of upside in the rents, creating a quintessential value-add opportunity for new ownership. There are 8 onsite parking spots, with one of those spots being tandem. There is a garage at the rear of the property that can potentially be converted into an ADU unit. This is a wonderful opportunity to purchase a trophy multi-family asset in a prime Burbank location.

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324 Santa Anita is a Residential Income property located in Burbank, California, featuring a 0.206 acre lot, 6,001 sqft, 10 bedrooms, MLS #25548145.

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Data last modified: 2025-06-14 04:04:24