$2,850,000
( $474.92Per Sq Foot )
 $15,299 est/mo Sourced by Back At You

324 E Santa Anita Avenue,Burbank, CA 91502

Burbank, CA 91502

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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.

Details

MLS #226004193
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site53
Listing Provided ByKeller Williams Westlake Village | Renee Wilkins-Virella

Features

SQ Feet6,001
Story(s)2
ZoningBUR4*
Acreage0.21

Interior

Heating Yes / NoNo

Area Information

StateCA
CountyLos Angeles
CityBurbank
Zip Code91502
Area610 Burbank
Listing VS Median (in 91502)
Price:
$2,850,000
low | high
Med:
$185,000
100% of Average
sqft:
6,001
low | high
Med:
6,240
46.017330444926% of Average
$ / sqft:
$475
low | high
Med:
$30
100% of Average
On site:
53
low | high
Med:
142
37.323943661972% of Average
Sourced by Back At You

Market Activity 91502

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Learn More About This Property

Allen Lane

Allen Lane

Desert Lifestyle Properties

01952730 (760) 408-2963realtor.allenlane@gmail.com
StateCA
CountyLos Angeles
CityBurbank
Zip Code91502
Area610 Burbank
Listing VS Median (in 91502)
Price:
$2,850,000
low | high
Med:
$185,000
100% of Average
sqft:
6,001
low | high
Med:
6,240
46.017330444926% of Average
$ / sqft:
$475
low | high
Med:
$30
100% of Average
On site:
53
low | high
Med:
142
37.323943661972% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.137M - $3.562M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
324 E Santa Anita Avenue Property Photo 1
$2,850,000
324 E Santa Anita Avenue
Burbank, CA 91502
Listing Updated: October 2, 2026 at 7:30:53 AM PDT

Specialty Areas

Real Estate

Allen Lane
200 N Sunrise Way Ste.B
Palm Springs, CA 92262
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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