324 E Santa Anita AV Burbank CA 91502 MLS #225005776

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.Unit A …..2 bed, 1 1/2 bath $2599Unit B…..1 Bed, 1 bath $2150Unit C…..1 bed, 1 bath $2328Unit D…..2 bed, 1 1/2 bath $2520Unit E…..1 bed, 1 bath $2380Unit F…..1 bed, 1 bath $2197Unit G….1 bed, 1 bath $2328Unit H…..1 bed, 1 bath $2328All of the units have been renovated.There are 8 parking spots. NOI is at $188,878 running at 17% for expenses (Excluding property taxes)