10
Bedrooms
$2,850,000
FOR SALEBurbank, CA
MLS# 226004603
Renee Wilkins-Virella
Listing Agent
Keller Williams Westlake Village
DRE #: 02188375
(805) 777-7777Brokerage: Keller Williams Westlake Village
Kate Marsh-Pokras
Co-Listing Agent
Keller Williams Westlake Village
Licensed Real Estate Professional
Brokerage: Keller Williams Westlake Village
10
Bedrooms
10
Bathrooms
6,001 sqft
Square Feet
1957
Year Built
0.21 acres
Lot Size
$475
Price/Sq Ft
8
Garage Spaces
N/A
HOA
N/A
Property Type
Excellent investment opportunity in a highly desirable Burbank location just south of Glenoaks Blvd. This 8 unit, 6001 sq ft building sits on an 8978 sq ft lot with 2 -two bedroom/1 bathroom units and 6- one bedroom/1 bathroom units. All units have been recently renovated with wood flooring, upgraded bathrooms, and stainless steel appliances. This building offers a compelling opportunity for investors seeking a multifamily asset in one of San Fernando Valley's strongest rental markets. This property is convenient to shopping, dining, entertainment, major studios, etc. Ideally located near the heart of Burbank, where residents enjoy a walkable neighborhood with everyday conveniences just minutes away. This is ideal for an investor looking for stable income with potential for long term appreciation. The annual gross rental income is $202,284, with a robust cap rate at 5.4%and a GRM of 14.09 Price per unit is $356,250, $475 per sq ft.
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Closed sales reported in 91502, nearest first, last 12 months. All recent sales in Burbank →
324 E Santa Anita Avenue
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