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Anita Derabidian

anita.derabidian@engelvoelkers.com +1(818) 441-8025

$ 2,850,000

Est. payment -/mo

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Active Under Contract

324 Santa Anita AVE Burbank, CA 91502

10 Beds

12 Baths

6,001 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,001 sqft

Price per Sqft $474

MLS Listing ID 225005855

Bedrooms 10

Full Baths 10

Half Baths 2

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. 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)

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Gas Water Heater, Water Heater

Exterior

Garage Spaces 8.0

Garage Description 8.0

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 2453029008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Renee Wilkins-Virella Keller Williams Westlake Village #02188375

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Anita Derabidian

Advisor | License ID: 02234774

+1(818) 441-8025

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