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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 Send Me Updates On This Property

Listing ID

#226004603

Status

Active

County

Los Angeles

Year Built

1957

Days on website

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

Financial Information

List Price: $ 2850000

Property Features

Flooring: Wood

Heating: Central

Levels: Two

Senior Community YN: false

MLS Area Major: 610 - Burbank

City: Burbank

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Direct link: http://www.searchproperties.sdvalues.com/listings/direct/d8fcd7e2907a7a0120f25aadcd2ff5a3

Listed By: Renee Wilkins-Virella Keller Williams Westlake Village
Co-listed by Kate Marsh-Pokras
CA Lic#

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