
Courtesy of: Renee Wilkins-Virella, Keller Williams Westlake Village, klrw207@kw.com
$2,925,000
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10 bed
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11.00 Bath (10 Full , 2 Half)
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Lot: 0.21 Acres
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Other
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$2,925,000
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. 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)
Courtesy of: Renee Wilkins-Virella, Keller Williams Westlake Village, klrw207@kw.com
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