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$5,975,000
15 Days On Site

240 E Providencia Avenue
Burbank, CA 91502

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
9,841
SqFt
$607
/SqFt
1951
Built
County:
Los Angeles
Listed by Steve Hovakimyan of City Center Realty Group [email protected]

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714-883-2943
240 E Providencia Avenue240 E Providencia Avenue240 E Providencia Avenue240 E Providencia Avenue
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Stunning Multifamily Investment Opportunity in Burbank : 240-260 E. Providencia We are excited to present this meticulously renovated 15-unit multifamily property located in the heart of Burbank, renowned as the Media Capital of the World. This exceptional investment opportunity is situated in one of the region’s most sought-after rental markets, offering strong returns and long-term growth potential. Property Highlights: Prime Location: Nestled on a 17,821-square-foot lot with 100 feet of street frontage across two parcels. Diverse Unit Mix: (12) One-bedroom, one-bathroom units (2) Two-bedroom, one-bathroom units (1) Two-bedroom, two-bathroom unit Bonus: A 153-square-foot storage room that can be converted into an office. Rentable Space: 8,202 square feet of updated, income-generating units. Attractive Financials: Enjoy an in-place 6.19% CAP rate, making this an outstanding investment for cash flow and value appreciation. This property represents the ideal combination of a renovated asset, diverse floor plans, and an exceptional location, making it a premier choice for savvy investors looking to capitalize on Burbank’s ever-growing rental demand. Don’t miss the chance to add this jewel to your portfolio!

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Listing Snapshot
Price 
$5,975,000
Days On Site 
15 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,841 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4091 Acres
Year Built 
1951
MLS® Number 
BB24247060
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Active
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.4091
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9841
Water Source 
Public
Zoning 
BUR4*
Interior Features
Cooling 
Central Air
Fireplace Features 
None
Heating 
Central
Laundry Features 
Inside
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Exterior Features
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Street LightsSidewalks
Financing Terms Available 
Cash
MLS Area 
610 - Burbank


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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