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    324 E Santa Anita Ave Burbank, CA 91502

    New
    For Sale
    $2,925,000

    Residential Income - Burbank, CA

    Property size:
    6,001 SF
    Lot size:
    0.21 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 324 E Santa Anita Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BUR4*
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    Bathrooms
    10
    APN
    2453029008
    Size
    6,001 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Floors in Building
    2
    Flooring type
    Wood
    Architectural style
    Other

    Keller WIlliams Westlake Village (805) 777-7777 [email protected]

    Listing agent Renee Wilkins-Virella (805) 777-7777 License #02188375

    Listing date Dec 5, 2025

    MLS# 225005855 Listing URL

    Copyright © 2025 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burbank Multifamily Value-Add Opportunity

    The E. Santa Anita Ave Residences offer a value-add opportunity in Burbank, south of Glenoaks Blvd. The 6,001 sq. ft. building contains eight units on an 8,978 sq. ft. lot. The unit mix includes two 2BR/1BA units and six 1BR/1BA units. Units feature stainless-steel appliances, wood flooring, and upgraded bathroom vanities. System upgrades, including electrical, have been completed. Constructed in 1957, the property is subject to AB 1482, allowing approximately 8% annual rent increases. There are eight parking spaces, including tandem, and a rear garage with ADU conversion potential. The property is located in a low-vacancy Burbank neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.302825
    Latitude
    34.179388

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    FAQs

    What type of property is this?
    Apartment building - Value-add 8-unit multifamily property in a desirable Burbank location.
    Where is this apartment building located?
    The property is located at 324 E Santa Anita Ave Burbank, CA.
    What is the asking price?
    The asking price for this property is $2,925,000.
    What are key features of this property?
    This property features: - Value-add opportunity in a desirable Burbank rental corridor.; - Modernized units feature stainless-steel appliances, wood flooring, and upgraded bathroom vanities.; - Major system upgrades (electrical) completed, reducing near-term maintenance.
    (805) 777-7777
    Request Owner's contact information
    324 E Santa Anita Ave Burbank, CA 91502
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    Burbank, CA 91502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    324 E Santa Anita Ave Burbank, CA 91502
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