324 E Santa Anita Avenue, Burbank, CA 91502 - Berkshire Hathaway HomeServices California Properties
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324 E Santa Anita Avenue, Burbank, CA 91502

$3,300,000 Approx. USD 10 beds, 8 baths
6,001 sqft
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Listing Agent


Errol Spiro | errol@mdrealtycorp.com
Lic#: 00893163
Broker: Courtesy of Miller & Desatnik Realty Co.

Agent Remarks

The E Santa Anita Ave Residences are an 8-unit apartment building located in a prime Burbank location just south of Glenoaks Blvd. The property has a highly desirable unit mix of two 2 BR + 1 Bath and six 1 BR + 1 Bath units. This two-story building is approximately 6,001 SF and sits on a large 8,978 SF lot. Seven of the eight units have received tasteful renovations with new stainless steel appliances, wood floors, and new vanities in the bathrooms. Current ownership has also completed several other capital improvements, including updating the electrical system. The Santa Anita Ave Residences were constructed in 1957 and are subject to AB 1482 rent control measures, allowing new ownership to raise rents approximately 8% each year. There is also a significant amount of upside in the rents, creating a quintessential value-add opportunity for new ownership. There are 8 onsite parking spots, with one of those spots being tandem. There is a garage at the rear of the property that can potentially be converted into an ADU unit. This is a wonderful opportunity to purchase a trophy multi-family asset in a prime Burbank location.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25548145
Price: $3,300,000
Beds: 10
Baths: 8
Built in 1957
6,001 sqft
2 stories
0.21 acres
Lot size: 0.2061
County: Los Angeles
Zoning: BUR4*
Appliances: Microwave
Parking description: Door-Multi,Garage
Heating/cooling: Central Air
Heating description: Central
MLS area: 610 - Burbank

Last Updated: 6/14/2025

 Days On Market (DOM): 20

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This listing belongs to the 610 - Burbank MLS area

Lat/Long: 34.179391, -118.302812.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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