442 E Santa Anita Ave - Apartments FOR SALE


Burbank, CA 91501
$3,050,000 USD
818-640-4360
442 E Santa Anita Ave, Burbank, CA for Sale
$3,050,000 USD
Apartments - FOR SALE
1/34
null | 5.02% Cap Rate

442 E Santa Anita Ave
Burbank, CA 91501


HIGHLIGHTS

  • Pride of ownership 8 unit apartment building
  • Property is located above Glenoaks Blvd in one of the best areas of Burbank
  • Burbank is subject to AB1482 rent control
  • Upside in existing rents
  • Excellent unit mix consisting of (3) 1+1 units, (2) 2+1 units, (2) 2+1 3/4 units, and (1) 3+1 3/4 unit
  • Recent upgrades include new electrical subpanels in interiors of units, new magnesite stairs, and upper walkway

OVERVIEW

Equity Union Commercial is proud to represent this 8 unit apartment building located in Burbank. The building was constructed in 1962. Its unit mix consists of (3) 1+1 units, (2) 2+1 units, (2) 2+1 ¾ units, and (1) 3+1 ¾ unit. With a lot size of 7,625 square feet, the property has a total of 8,453 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

8

PRICE/UNIT

$381,250

CAP RATE

5.02%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,686 SF

ZONING

R4, Burbank

APN/PARCEL ID

2455-004-005

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.