Listed by 818-845-5551 - Steve Hovakimyan - DRE #01363908 - City Center Realty Group 818-845-5551
$5,975,000 affordable loan icon Calculate Payment

E Providencia Avenue Avenue Burbank, CA 91502

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Apartment Residence
Beds
Baths
9,841 Sq. Ft.
0.41 Acre Lot
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Last updated on 1/7/2025 3:16 AM

Listing Details

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! Continue reading
MLS#
BB24247060
Property Type
Apartment
Status
Year Built
1951
Square Feet
9,841 sq. ft
Lot Size
0.41
Sewer
Public Sewer
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Listed by 818-845-5551 - Steve Hovakimyan - DRE #01363908 - City Center Realty Group 818-845-5551
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 1/7/2025 3:16 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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