Features
Price:
$4,100,000
MLS #:
SR22144286
Status:
Closed (Aug 18, 2022)
Baths:
0
Address:
240 E Providencia Avenue
Type:
Residential Income
City:
Burbank
Listed Date:
Jul 1, 2022
State:
CA
ZIP:
91502
Lot Size:
9,038 sqft / 0.21 acres (approx)
Year Built:
1951
$4,100,000
240 E Providencia Avenue
Burbank, CA, 91502
Schools
Interior Details
Exterior Info
Community Features
Suburban, Urban, Valley
Garage Spaces
0.00
Lot Features
Lot 10000-19999 Sqft
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Listing information
We are proud to represent this pride of ownership 15 unit property located in Burbank. It is 13
units plus 2 non-permitted units. It consists of 2 different APNs.
The property consists of two buildings, which were both constructed in 1951. Its unit mix consists of (12) one-bedroom, one-bathroom units, (1) two-bedroom unit, and (2) non-conforming units that can be legalized or turned into
accessory dwelling units. The property sits on two separate assessor parcel numbers for a combined total of 17,821
square foot lot with 100 feet of frontage; it has 8,202 rentable square feet.
The property has tremendous upside in rents, earning nearly a 6 CAP on market rents. The property features new
paint, pitched roof, and 100 feet of frontage.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of
the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens,
and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to
the Burbank Metro Link.
The property is separately metered for gas and electricity.
units plus 2 non-permitted units. It consists of 2 different APNs.
The property consists of two buildings, which were both constructed in 1951. Its unit mix consists of (12) one-bedroom, one-bathroom units, (1) two-bedroom unit, and (2) non-conforming units that can be legalized or turned into
accessory dwelling units. The property sits on two separate assessor parcel numbers for a combined total of 17,821
square foot lot with 100 feet of frontage; it has 8,202 rentable square feet.
The property has tremendous upside in rents, earning nearly a 6 CAP on market rents. The property features new
paint, pitched roof, and 100 feet of frontage.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of
the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens,
and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to
the Burbank Metro Link.
The property is separately metered for gas and electricity.
Map
If you would like to see similar properties contact Bigtown Homes team today!
Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 240 E Providencia Avenue
Burbank, CA
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