Listing Agent: Renee Wilkins-Virella Broker/Office: Keller Williams Westlake Village
324 Santa Anita Avenue E Burbank CA 91502
$ 2,850,000
10
| 10
| 6001 Sq Feet
Listing ID
#226004603
Status
Active
County
Los Angeles
Year Built
1957
Days on website
15
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.
Financial Information
List Price:
$ 2850000
Property Features
Flooring:
Wood
Heating:
Central
Levels:
Two
Senior Community YN:
false
MLS Area Major:
610 - Burbank
City:
Burbank
Senior Community YN:
false
Listed By:
Renee Wilkins-Virella
Keller Williams Westlake Village
Co-listed by Kate Marsh-Pokras
CA Lic#
Co-listed by Kate Marsh-Pokras
CA Lic#