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Renovated 8-Unit Apartment Building
New
For Sale
$2,850,000

324 E Santa Anita Avenue, Burbank, CA 91502

Commercial Sale, Burbank, CA

Property Size6,001 SF
Lot Size0.21 Acres
Price / SF$474.92
Days on Market1

Property Features for 324 E Santa Anita Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 4, Bathroom 3, Bathroom 6, Bathroom 9, Bathroom 1, Bathroom 10, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 8
Subdivision 610 - Burbank
Standard status Active
APN 2453029008
Size 6,001 SF
Lot size 0.21 Acres

Building Details

Year built 1957
Floors in Building 2
Listing Agency: Keller Williams Westlake Village · Keller Williams Realty
Listed By: Renee Wilkins-Virella · License #02188375
Added: Sep 3 Last Checked: Sep 3 at 4:06PM
MLS# 226004193

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 8-unit apartment property contains 6,001 square feet on an 8,978-square-foot lot. The unit mix includes two 2-bedroom, 1-bathroom residences and six 1-bedroom, 1-bathroom residences. Recent renovations include wood flooring, upgraded bathrooms, and stainless steel appliances across the apartments. Built in 1957, the property offers a compact multifamily configuration with a clearly defined mix of unit sizes.

The building is located at 324 E Santa Anita Avenue in Burbank, just south of Glenoaks Blvd. Shopping, dining, entertainment, and major studios are identified as nearby conveniences. The property reports a cap rate just under 5% and a GRM of 16.12.

Key Highlights

  • 8‑unit apartment property with 6,001 square feet on an 8,978‑square‑foot lot
  • Unit mix includes 2 two‑bedroom/1‑bathroom units and 6 one‑bedroom/1‑bathroom units
  • All units recently renovated with wood flooring, upgraded bathrooms, and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Bed & Breakfast Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Barber Shop Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

3,966
Businesses Nearby

Demographics for 91502, CA

11,665
Population
5,734
Households
2
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
8,973
Density / Sq Mi
$61,443
Median Household Income
$46,046
Median Earnings
$1,899
Median Rent
$946,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors include wood flooring, remodeled bathrooms, and stainless steel appliances throughout the units.
Where is this apartment building located?
The property is located at 324 E Santa Anita Avenue Burbank, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 8‑unit apartment property with 6,001 square feet on an 8,978‑square‑foot lot; Unit mix includes 2 two‑bedroom/1‑bathroom units and 6 one‑bedroom/1‑bathroom units; All units recently renovated with wood flooring, upgraded bathrooms, and stainless steel appliances
More about this property
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