324 Santa Anita Avenue, Burbank, CA 91502

• 10 beds |
• 12 baths |
• 6,001 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. 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 Status:

Active

Date Added:

December 5, 2025

Data Last Updated:

February 15, 2026 at 10:19PM

Listing Office:

Keller Williams Westlake Village : (805) 777-7777

Listing Agent:

Renee Wilkins-Virella : (805) 657-7374

MLS ID:

225005855

Interior

• Appliances: Gas Water HeaterWater Heater
• Flooring: Wood
• A/C: Central Air
• Heating: Central

Exterior

• Parking: Parking spaces: 8

Construction

• General: 2

Location

• Originating MLS: CRMLS_VCR
• County: Los Angeles

Lot

• Zoning: BUR4*2453029008

Financial

• Source: CRMLS_VCR