324 Santa Anita

Burbank, CA, 91502

For Sale $2,925,000

10beds
11.5baths
6,001sqft
0.21acre

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. All of the units have been renovated.There are 8 parking spots. NOI is at $188,878 running at 17% for expenses (Excluding property taxes)

Listing agents:

Renee Wilkins-Virella

License #02188375

Keller Williams Westlake Village

Kate Marsh-Pokras

License #02222283

Keller Williams Westlake Village

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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, 11.5 full baths, MLS #225005855.

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Data last modified: 2025-12-08 21:49:28

324 Santa Anita

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