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Listed by: Renee Wilkins-Virella (805) 657-7374 DRE #02188375, Kate Marsh-Pokras DRE #02222283 | Keller Williams Westlake Village (805) 777-7777
$2,925,000
10 Beds
- 10 Baths
10 full baths
6,001sqft
324 Santa Anita Ave, Burbank, CA 91502
$2,925,000
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Multi Family
Built in 1957
$-- HOA
8,981 sqft lot
$487/sq.ft
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 (includi...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
6,001 sqft
Lot Size
8,981 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
225005855
MLS Status
Active
Days on Market
2
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