$2,925,000

324 E Santa Anita Avenue, Burbank, CA 91502

  • 6,001 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon8,982sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $487/sqft
  • Property List Date Icon Listed 6 days ago

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 1 Information: Beds: 2; Baths: 1; Total Actual Rent: 2,400; Total Rent: 2,400; Pro Forma: 2,800Unit 2 Information: Beds: 1; Baths: 1; Total Actual Rent: 2,150; Total Rent: 2,150; Pro Forma: 2,400Unit 3 Information: Beds: 1; Baths: 1; Total Actual Rent: 2,150; Total Rent: 2,150; Pro Forma: 2,400Unit 4 Information: Beds: 2; Baths: 1; Total Actual Rent: 2,400; Total Rent: 2,400; Pro Forma: 2,800Unit 5 Information: Beds: 1; Baths: 1; Total Actual Rent: 2,400; Total Rent: 1,714; Pro Forma: 2,400Unit 6 Information: Beds: 1; Baths: 1; Total Actual Rent: 2,300; Total Rent: 2,300; Pro Forma: 2,400Unit 7 Information: Beds: 1; # Baths: 1; Total Actual Rent: 2,197; Total Rent: 2,197; Pro Forma: 2,400Unit 8 Information: Beds: 1; Baths: 1; Total Actual Rent: 2,350; Total Rent: 2,350; Pro Forma: 2,400

Listing Status:
Active
Date Added:
November 29, 2025 at 06:00AM
Listing Office:
Keller Williams Westlake Village : (805) 777-7777
Listing Agent:
Renee Wilkins-Virella : (805) 657-7374
MLS ID:
225005776
  • Heating: Central
  • Parking: Parking spaces: 8
  • General: 2
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_VCR
  • County: Los Angeles
  • Zoning: BUR4*2453029008
  • Water: Public
  • Source: CRMLS_VCR

This listing courtesy of Renee Wilkins-Virella, Keller Williams Westlake Village

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Joaquin Miller Elementary School

720 E Providencia Ave, Burbank, CA, 91501

Grades KG-5

0.42 miles away

B

Burbank Unified School District Community Day

223 E Santa Anita Ave, Burbank, CA, 91502

Grades 7-12

0.13 miles away

B

Burbank Unified School District Community Day

223 E Santa Anita Ave, Burbank, CA, 91502

Grades 7-12

0.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.