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324 E Santa Anita Avenue
Burbank CA 91502 US

$2,925,000

Active Listing ID 225005776
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10.00 Bath (10 Full)
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Lot: 0.21 Acres
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Other

$2,925,000

Active Listing ID 225005776
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324 E Santa Anita Avenue 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 $2599 Unit B.....1 Bed, 1 bath $2150 Unit C.....1 bed, 1 bath $2328 Unit D.....2 bed, 1 1/2 bath $2520 Unit E.....1 bed, 1 bath $2380 Unit F.....1 bed, 1 bath $2197 Unit G....1 bed, 1 bath $2328 Unit H.....1 bed, 1 bath $2328 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)

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Property Features

  • Facts
  • Lot Size: 0.21 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 10

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2925000
  • unparsedaddress: 324 E Santa Anita Avenue
  • postalcity: Burbank
  • stateorprovince: CA
  • country: US
  • postalcode: 91502
  • bathroomsfull: 10
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.21
  • lotsizeunits: Acres
  • lotsizearea: 0.21
  • livingarea: 6001
  • livingareaunits: Square Feet
  • latitude: 34.179379
  • longitude: -118.302805
  • listagentfullname: Renee Wilkins-Virella
  • listagentemail: klrw207@kw.com
  • listagentkey: 3yd-CSMAORCA-20221221233313875335000000
  • listagentmlsid: C159053357
  • listagentpreferredphone: (805) 777-7777
  • listofficekey: 3yd-CSMAORCA-20160917164813632933000000
  • listagentstatelicense: 02188375
  • listofficemlsid: CG13890001
  • disclaimer: Copyright © 2025 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CSMAORCA
  • yearbuilt: 1957
  • listingcontractdate: 2025-11-29
  • countyorparish: Los Angeles
  • parcelnumber: 2453029008
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Bathroom 1, Bathroom 2, Bathroom 10, Bathroom 7, Bathroom 5, Bathroom 9, Bathroom 6, Bathroom 8, Bathroom 4, Bathroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.3028, 34.17938
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller WIlliams Westlake Village", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"klrw207@kw.com", "ListBrokerageCity":"Weslake Village", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw207@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CSMAORCA/377cc641f5b411e4b8abe6a4d4982cc4/20150508191449760.png", "ListBrokerageName":"Keller WIlliams Westlake Village", "ListBrokeragePhone":"(805) 777-7777", "ListBrokeragePostalCode":"91361", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2475 Townsgate Rd Ste 160", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2475 Townsgate Rd Suite 160 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20160917164813632933000000", "ListOfficeCity":"Westlake Village", "ListOfficeCountry":"USA", "ListOfficeEmail":"klrw207@kw.com", "ListOfficePostalCode":"91361", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Burbank, CA", "ListingURL":null, "MLSModificationTimestamp":"2025-12-08 21:37:51", "Neighborhoods":[{"Description":null, "Name":"610 - Burbank"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/17/2025 1:20:53 AM GMT
Source Updated Date: 12/18/2025 8:01:36 AM GMT

Courtesy of: Renee Wilkins-Virella, Keller Williams Westlake Village, klrw207@kw.com

Copyright © 2025 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.