240 260 E Providencia Avenue

Burbank, CA 91502

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,841 Sqft
  • 17821
    Sqft(Lot)
$5,975,000

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!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47986846

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1951
    • Building Area Total: 9,841

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.4091
    • Lot Size Dimensions: 101 X 177
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 17821

  • Listing Price Information

    • Original List Price: 5,975,000
    • Listing Contract Date: 2024-12-09

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2453031008

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 610 - Burbank
    • Postal Code Plus 4: 1432
    • Directions: Between Glenoaks and San Fernando
    • Zoning: BUR4*
    • Source Property Type: Residential Income
    • Area: 610 - Burbank
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 73
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 12/21/2024 @ 22:17

  • MLS: BB24247060
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,841 sqft, 17,821 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Burbank , in zip code 91502, this Los Angeles County Home are nearby neighborhoods.