324 E Santa Anita Avenue, Burbank, CA 91502
List Price: $2.85M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 6,001 sq ft
Property Type: CommercialSale
Year Built: 1957
Lot Size: 8,981 sq ft
MLS Number: 226004193
About This Property
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 $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.
Listing provided by: Renee Wilkins-Virella DRE #02188375 (805) 777-7777 reneevirella@gmail.com, Keller Williams Westlake Village
Source: CRMLS, MLS #: 226004193
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.