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240 260 E Providencia Avenue

Burbank, CA 91502

– beds
– baths
– sqft
~1/2 acre lot
1951 build
– on site

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!

Listed By CRMLS_CA / Steve Hovakimyan / City Center Realty Group / 818-845-5551

Last checked: Checking… • Last updated Dec 15, 2024 •

MLS# BB24247060 —

The Building

Year Built:

1951
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

9841.00
Building Area Units:

Square Feet
Total Number Of Units:

15
# of Buildings:

4
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

15
# of Separate Water Meters:

1
# of Separate Electric Meters:

15

Interior

Entry Location:

1
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Location

Directions:

Between Glenoaks and San Fernando
Latitude:

34.17782700
Longitude:

-118.30272600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

BUR4*
Lot Features:

Lot 10000-19999 Sqft
Lot Size Area:

17821.0000
Lot Size Dimensions:

101 X 177
Lot Size Acres:

0.4091
Lot Size SqFt:

17821.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

2453031006
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

105
Tax Tract:

2453
Tax Lot:

2830

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2453031008

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Extra Units

Number With Refrigerator:

15

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/9/24 Dec 9, 2024	Listed / Active	CRMLS_CA	$5,975,000

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This multifamily located in Downtown Burbank, Burbank, CA 91502 is currently for sale for $5,975,000. 240 260 E Providencia Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 8 days. 240 260 E Providencia Avenue is in the Downtown Burbank neighborhood of Burbank and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Burbank High School, John Muir Middle School, and Joaquin Miller Elementary School.

Listing Courtesy of: CRMLS_CA and City Center Realty Group. Based on information from California Regional Multiple Listing Service, Inc. as of 23:36 on Dec 17.

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. 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, 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.