324 E Santa Anita, Burbank, CA 91502
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
324 E Santa Anita,Burbank, CA 91502
$2,925,000
- - Beds
- 12 Baths
- 6,001 sq. ft.
- Multi-family
- Active
Listed by: renee wilkins-virella, kate marsh-pokras
Office: keller williams westlake village
MLS#:225005855
Source:CA_VCMLS
Price summary
- Price:$2,925,000
- Price per sq. ft.:$487.42
About this home
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)
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Home facts
- Year built:1957
- Listing ID #:225005855
- Added:48 day(s) ago
- Updated:January 23, 2026 at 03:47 PM
Rooms and interior
- Total bathrooms:12
- Half bathrooms:2
- Living area:6,001 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central Furnace
Structure and exterior
- Year built:1957
- Building area:6,001 sq. ft.
- Lot area:0.21 Acres
Finances and disclosures
- Price:$2,925,000
- Price per sq. ft.:$487.42
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