240 -260 E Providencia Avenue, Burbank, CA 91502 (MLS # BB24247060)
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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 unitBonus: 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!
| DAYS ON MARKET | 16 | LAST UPDATED | 12/10/2024 |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | Burbank |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Burbank |
| HEAT | Central |
| LOT | 0.41 acre(s) |
| LOT DIMENSIONS | 101 X 177 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | BUR4* |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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