240 -260 Providencia Avenue, Burbank

$5,975,000

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6

Beds

5

Baths

0.41

Acres

Listing Agent
Steve Hovakimyan - City Center Realty Group

About 240 -260 Providencia Avenue

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 6.08% 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!

Features of 240 -260 Providencia Avenue

MLS® # BB24247060
Price $5,975,000
Bedrooms 6
Bathrooms 5.00
Acres 0.41
Year Built 1951
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 240 -260 Providencia Avenue
Area 610 - Burbank
City Burbank
County Los Angeles
Zip Code 91502

Amenities

Is Waterfront No
Has Pool No
Pool None

Interior

Heating Central
Cooling Central Air
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2

Additional Information

Date Listed December 9th, 2024
Days on Market 64
Zoning BUR4*
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSteve Hovakimyan
OfficeCity Center Realty Group

Listing Map

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