$5,975,000
- Beds
- Unknown
- sq ft
- Unknown
240 -260 E Providencia Ave, Burbank, CA 91502
240 -260 E Providencia Ave
Burbank, CA 91502
- 14 days on market
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!
Details
Property type
Apartment
Lot size
0.4091 acres
Price per sq ft
Unknown
Year built
1951
Price History
12/09/2024
CRMLS #BB24247060
Listed
$5,975,000
Schools & Community
Neighborhood:
Burbank Center
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights, Sidewalks
Community features:
Street Lights, Sidewalks
Status: Active
Tomo last checked: 12/22/2024 at 6:45 PM
Listing updated: 12/14/2024 at 3:10 PM
Listed by: Steve Hovakimyan, City Center Realty Group Phone #: (818) 845-5551
MLS: CRMLS #BB24247060
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