324 E Santa Anita AVE, Burbank, CA 91502
324 E Santa Anita AVE, Burbank, CA 91502
324 E Santa Anita AVE, Burbank, CA 91502
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Chris & Michelle Mardelli

Chris & Michelle Mardelli

+1(626) 215-4105
$2,850,000
Est. payment /mo
10 Beds
10 Baths
6,001 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,001 sqft

Price per Sqft $474

MLS Listing ID 226004603

Bedrooms 10

Full Baths 10

HOA Y/N No

Year Built 1957

Lot Size 8,982 Sqft

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 $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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Gas Water Heater

Exterior

Garage Spaces 8.0

Garage Description 8.0

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 2453029008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Renee Wilkins-Virella Keller Williams Westlake Village #02188375
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Chris & Michelle Mardelli

Broker Associate License ID: 01834969

+1(626) 215-4105 | chris@therealupside.com

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324 E Santa Anita AVE

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