260 E Providencia Ave - Apartments FOR SALE


Burbank, CA 91502
$5,975,000 USD
818-845-5551
260 E Providencia Ave, Burbank, CA for Sale
$5,975,000 USD
Apartments - FOR SALE
1/78
null | 6.19% Cap Rate

260 E Providencia Ave
Burbank, CA 91502


HIGHLIGHTS

  • Prime Burbank location near Disney Studios, Warner Brothers, and NBC.
  • Close proximity to 80+ restaurants, 30 movie screens, and 200 retail stores.
  • Top-rated schools and excellent freeway (5 and 134) and Metro Link access

OVERVIEW

Stunning Multifamily Investment Opportunity in Burbank 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! Renovation Highlights: • New plumbing, electrical wiring, subpanels, and heating/AC system with ducting. • New roof, recessed lighting, and interior/exterior paint. • Modernized kitchens with updated cabinets and countertops. • Completely remodeled bathrooms. • Washer and dryer in every unit.

FOR SALE DETAILS

PRICE

$5,975,000 USD

PRICE/SF

$607 USD /SF

# OF UNITS

15

PRICE/UNIT

$398,333

CAP RATE

6.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,821 SF

ZONING

BUR4*

APN/PARCEL ID

2453-031-006,2453-031-008

ASK ABOUT THIS PROPERTY

Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

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Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.