Burbank, CA 91502,324 E Santa Anita AVE
Burbank, CA 91502,324 E Santa Anita AVE
Burbank, CA 91502,324 E Santa Anita AVE
Burbank, CA 91502,324 E Santa Anita AVE
Burbank, CA 91502,324 E Santa Anita AVE
Burbank, CA 91502,324 E Santa Anita AVE
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Carlos Elizalde

Carlos Elizalde

+1(714) 389-8310
$ 2,925,000
Est. payment | /mo

6,001 SqFt

Save
$ 2,925,000
Est. payment | /mo
Save

6,001 SqFt

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

CRMLS – RECore
Listed by Renee Wilkins-Virella Keller Williams Westlake Village
Nearby Locations
SCHOOLSPROPERTIES
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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Carlos Elizalde
Carlos Elizalde

REALTOR® | License ID: 02090487

+1(714) 389-8310

Anaheim, CA, 92805, USA

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