324 E Santa Anita Avenue, Burbank, CA 91502

$2,850,000

Property Type: Residential Bedrooms: 10 Baths: 10 Square Footage: 6,001 Lot Size (sq. ft.): 8,981 Status: Active

Current Price: $2,850,000 List Date: 9/26/2026 Last Modified: 9/26/2026

Overview

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.

Listing Details MLS# 226004603

General Property Information

Baths Full: 10
Living Area: 6001
Lot Size Acres: 0.21
Lot Size Square Feet: 8981
Year Built: 1957
Property Attached: Yes
Baths - 1/4: 0
ADU Y/N: No

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Conventional Levels: Two Entry Location: Main Level Heating Type: Central Furnace Water Heater Feature: Gas

Listing Location and Property Info

Listing Contract Date: 2026-09-26
Property Sub Type: Apartment
Street #: 324
Street Direction Prefix: E
Street Name: Santa Anita
Street Suffix: Avenue
County: Los Angeles
State: CA
Postal Code: 91502
Parcel Number: 2453029008
MLS Area: 610 - Burbank
Country: US

Listing Info

Total # of Units in Complex: 8

Property Info

View: No
Stories: 2
Entry Floor Number: Yes
Pool: No
Spa: No
Fireplace: No
Senior Community: No

HOA Information

HOA: No

More Information

Listing, Location and Property Info

Zip + 4: 1454

Flooring

Wood/Wood Like: Yes

Cooling Type

Central A/C: Yes

Listing Office: Keller Williams Westlake Village

Listing Agent: Renee Wilkins-Virella
805-657-7374 | reneevirella@gmail.com

Agent Email: reneevirella@gmail.com

Last Updated: September - 26 - 2026

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.