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$2,850,000

FOR SALE
Active

324 E Santa Anita Avenue

Burbank, CA

MLS# 226004603

6,001 Sq Ft10bd • 10ba
41 days on marketNalren refreshed

Listing Agent

Renee Wilkins-Virella

Listing Agent

Keller Williams Westlake Village

DRE #: 02188375

(805) 777-7777

Brokerage: Keller Williams Westlake Village

Kate Marsh-Pokras

Co-Listing Agent

Keller Williams Westlake Village

Licensed Real Estate Professional

Brokerage: Keller Williams Westlake Village

Property Details

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

Description

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.

Facts & Features

Interior

Fireplace
No
Appliances
Gas Water Heater
Flooring
Wood

Exterior

Private Pool
No

Building

Year Built
1957
Living Area
6,001 sqft
Levels
Two
Stories Total
2

Utilities

Heating
Central
Cooling
Central Air

Parking

Garage Spaces
8
Parking Total
8

Community / HOA

HOA
No

Sale history for 324 E Santa Anita Avenue

  • Sold $2,280,000 in April 2017 · MLS #BB17059337 · Source: CRMLS

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