324 E Santa Anita Ave Burbank, CA 91502
Downtown Burbank NeighborhoodEstimated payment $19,554/month
Highlights
- Central Heating and Cooling System
- Joaquin Miller Elementary School Rated A-
- 4-minute walk to Robert R. Ovrom Park
About This Home
The E Santa Anita Ave Residences are an 8-unit apartment building located in a prime Burbank location just south of Glenoaks Blvd. The property has a highly desirable unit mix of two 2 BR + 1 Bath and six 1 BR + 1 Bath units. This two-story building is approximately 6,001 SF and sits on a large 8,978 SF lot. Seven of the eight units have received tasteful renovations with new stainless steel appliances, wood floors, and new vanities in the bathrooms. Current ownership has also completed several other capital improvements, including updating the electrical system. The Santa Anita Ave Residences were constructed in 1957 and are subject to AB 1482 rent control measures, allowing new ownership to raise rents approximately 8% each year. There is also a significant amount of upside in the rents, creating a quintessential value-add opportunity for new ownership. There are 8 onsite parking spots, with one of those spots being tandem. There is a garage at the rear of the property that can potentially be converted into an ADU unit. This is a wonderful opportunity to purchase a trophy multi-family asset in a prime Burbank location.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Parking
- 8 Parking Spaces
Interior Spaces
- 6,001 Sq Ft Home
- 2-Story Property
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Additional Features
- 8,978 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 2453-029-008
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Price Changed | $3,090,000 | -3.1% | $515 / Sq Ft |
| 07/09/2025 07/09/25 | Price Changed | $3,190,000 | -3.3% | $532 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $3,300,000 | 0.0% | $550 / Sq Ft |
| 04/04/2025 04/04/25 | Off Market | $2,150 | -- | -- |
| 09/17/2024 09/17/24 | For Rent | $2,150 | 0.0% | -- |
| 05/14/2024 05/14/24 | Price Changed | $2,150 | 0.0% | $3 / Sq Ft |
| 04/06/2024 04/06/24 | For Rent | -- | -- | -- |
| 12/13/2022 12/13/22 | Price Changed | $2,150 | 0.0% | $3 / Sq Ft |
| 12/07/2022 12/07/22 | For Rent | $2,150 | 0.0% | -- |
| 04/17/2017 04/17/17 | Sold | $2,280,000 | +1.3% | $380 / Sq Ft |
| 03/29/2017 03/29/17 | Pending | -- | -- | -- |
| 03/25/2017 03/25/17 | For Sale | $2,250,000 | -- | $375 / Sq Ft |
Source: The MLS
MLS Number: 25548145
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