240 East Providencia Avenue Active

Burbank,CA 91502

$ 5975000

- Bed

0 Bath

9841 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,841 sqft

Price per Sqft $607

MLS Listing ID BB-24247060

Year Built 1951

Lot Size 0.409 Acres

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

Zoning BUR4*

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Laundry Inside

Exterior

Parking Features Gated

Pool None

Community Features Sidewalks,Street Lights

Building

Lot Description Lot 10000-19999 Sqft

Sewer Public Sewer

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