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Listed by Renee Wilkins-Virella • Keller Williams Westlake Village
$2,850,000
Est. payment /mo
10 Baths
6,001 SqFt
New
324 E Santa Anita Avenue Burbank, CA 91502
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Key Details
Property Type Commercial
Sub Type Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,001 sqft
Price per Sqft $474
MLS Listing ID 226004193
Full Baths 10
Year Built 1957
Lot Size 8,981 Sqft
Property Sub-Type Sale
Source Conejo Simi Moorpark Association of REALTORS®
Property 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 $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.
Location
State CA
County Los Angeles
Area 610 - Burbank
Nearby Locations
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