Burbank, CA 91502,240 -260 E Providencia AVE
Burbank, CA 91502,240 -260 E Providencia AVE
Burbank, CA 91502,240 -260 E Providencia AVE
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$5,975,000
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0.41 Acres Lot
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240 -260 E Providencia AVE Burbank, CA 91502

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Shirley Smith

Shirley Smith

Coldwell Banker West

+1(619) 559-6548

UPDATED:

12/14/2024 11:06 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24247060

HOA Y/N No

Year Built 1951

Lot Size 0.409 Acres

Lot Dimensions Assessor

Property Description

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!

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUR4*

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Street Lights, Sidewalks

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2453031008

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Steve Hovakimyan • City Center Realty Group • 818-845-5551

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Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

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240 -260 E Providencia AVE