Property listed by Keller Williams Westlake Village, Renee Wilkins-Virella 805-777-7777
324 E Santa Anita Avenue
Burbank, CA 91502
$2,850,000
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… Read More 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 $176,748, with a robust cap rate at just under 5%, and a GRM of 16.12. Price per unit is $356,250, $475 per sq ft. Read Less
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.21 Acres
Year Built
1957
MLS Number
226004193
Additional Details
Building
Built in 1957, Living area: 6001.0, 2 stories
Home Owner's Association
Association Fee: $0
Lot
0.2062 acres
Taxes
Parcel Number: 2453029008, Zoning: BUR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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