Property listed by Keller Williams Westlake Village, Renee Wilkins-Virella 805-777-7777
$2,925,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
10
Full Baths
10
Square Ft.
6,001
Lot Size
0.21 Acres
Year Built
1957
MLS Number
225005855
Additional Details
Appliances & Equipment
GasWaterHeater, WaterHeater
Building
Built in 1957, Living area: 6001.0, 2 stories, Levels: Two, Entry location: Main Level
Cooling
CentralAir
Floors
Wood
Garage
8 spaces
Heating
Central
Lot
0.2062 acres
Parking
8 total parking spaces
Taxes
Parcel Number: 2453029008, Zoning: BUR4*
Utilities
8 separate electric meters, 8 separate gas meters, 8 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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