$2,925,000
Burbank, CA 91502
MLS# 225005855
10 beds | 12 baths | 6001 sqft
1 / 14
Property Description
The E. Santa Anita Ave Residences present a rare value-add opportunity in one of Burbank's most desirable rental corridors, just south of Glenoaks Blvd. This 8-unit, 6,001 sq. ft. building sits on an oversized 8,978 sq. ft. lot and features an efficient mix of two 2BR/1BA units and six 1BR/1BA units. Units have already been modernized with stainless-steel appliances, wood flooring, and upgraded bathroom vanities. Ownership has also completed major system upgrades, including electrical, reducing near-term maintenance exposure for a new investor. Built in 1957, the property is subject to AB 1482, allowing approximately 8% annual rent increases. Eight parking spaces (including tandem), and a rear garage with ADU conversion potential, this asset offers multiple avenues for forced appreciation. This is an exceptional chance to acquire a trophy multifamily asset in a prime, low-vacancy Burbank neighborhood with strong long-term fundamentals. All of the units have been renovated. There are 8 parking spots. NOI is at $188,878 running at 17% for expenses (Excluding property taxes)
Details
Maps
Listing, Location and Property Info
Entry Date: 2025-12-05
List Price/SqFt: 487.42
Zip + 4: 1454
General Property Information
Common Walls: Yes
# Bedrooms: 10
Baths - Full: 10
Baths - 1/2: 2
Baths - Total: 12
Approx SqFt: 6001
Lot Acres: 0.21
Lot SqFt: 8981
Year Built: 1957
Listing Info
Total # of Units in Complex: 8
Property Info
View: No
Pool: No
Spa: No
Fireplace: No
Senior Community: No
Water Heater: Yes
Dwelling Total Floors: 2
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Conventional: 1
Disclosures
Other: 1
Units Information
Number of Units Leased: 8
# Separate Electric Meters: 8
# Separate Gas Meters: 8
# Separate Water Meters: 8
Levels
Two: 1
Entry Location
Main Level: 1
Flooring
Wood/Wood Like: 1
Cooling Type
Central A/C: 1
Heating Type
Central Furnace: 1
Water Heater Feature
Gas: 1
Parking Spaces/Information
Total Garage Spaces: 8
HOA 1 Information
HOA: No
Unit 1 Furnished
Unfurnished: 1
Unit 1 Information
Unit-1 # of Beds: 2
Unit-1 # of Baths: 1.5
Unit-1 Monthly Rent: 2599
Unit 2 Furnished
Unfurnished: 1
Unit 2 Information
Unit-2 # of Beds: 1
Unit-2 # of Baths: 1
Unit-2 Monthly Rent: 2150
Unit 3 Information
Unit-3 # of Beds: 1
Unit-3 # of Baths: 1
Unit-3 Monthly Rent: 2328
Unit 3 Furnished
Unfinished: 1
Unit 4 Information
Unit-4 # of Beds: 2
Unit-4 # of Baths: 1.5
Unit-4 Monthly Rent: 2520
Unit 4 Furnished
Unfurnished: 1
Unit 5 Information
Unit-5 # of Beds: 1
Unit-5 # of Baths: 1
Unit-5 Monthly Rent: 2380
Unit 5 Furnished
Unfinished: 1
Unit 6 Information
Unit-6 # of Beds: 1
Unit-6 # of Baths: 1
Unit-6 Monthly Rent: 2197
Unit 6 Furnished
Unfinished: 1
Unit 7 Information
Unit-7 # of Beds: 1
Unit-7 # of Baths: 1
Unit-7 Monthly Rent: 2328
Unit 7 Furnished
Unfinished: 1
Unit 8 Information
Unit-8 # of Beds: 1
Unit-8 # of Baths: 1
Unit-8 Monthly Rent: 2328
Unit 8 Furnished
Unfinished: 1
Listing Location and Property Info
Status: Active
Entry Date: 2025-11-29
Listing Price: 2925000
Current Price: $2,925,000
Street #: 324
Direction: E
Street Name: Santa Anita
Suffix: Avenue
County: Los Angeles
State/Province: CA
Zip Code: 91502
APN/Tax ID: 2453029008
Area: 610 - Burbank
Country: US
Property Features
Land Lease Type: Fee Simple
Special Conditions: Standard
Terms: Cash; Conventional
Disclosures: Other
Levels: Two
Entry Location: Main Level
Flooring: Wood/Wood Like
Cooling Type: Central A/C
Heating Type: Central Furnace
Water Heater Feature: Gas
Unit 1 Furnished: Unfurnished
Unit 2 Furnished: Unfurnished
Unit 3 Furnished: Unfinished
Unit 4 Furnished: Unfurnished
Unit 5 Furnished: Unfinished
Unit 6 Furnished: Unfinished
Unit 7 Furnished: Unfinished
Unit 8 Furnished: Unfinished
Listing Office: Keller Williams Westlake Village
Listing Agent: Renee Wilkins-Virella | reneevirella@gmail.com
Agent Email: reneevirella@gmail.com
Last Updated: December - 08 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. 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.