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240 Providencia Avenue, Burbank, CA 91502
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240 Providencia Avenue
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  • MLS#: BB24247060 ( Apartment )
  • Street Address: 240 Providencia Avenue
  • Viewed: 5
  • Price: $5,975,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 40
  • Additional Information
  • County: LOS ANGELES
  • City: Burbank
  • Zipcode: 91502
  • Provided by: City Center Realty Group
  • Contact: Steve Steve
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 regions 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 Burbanks ever growing rental demand. Dont miss the chance to add this jewel to your portfolio!
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Features
Additional Parcels Description
  1. 2453031006
Assessments
  1. Unknown
Building Area Total
  1. 9841.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 170
Electric Expense
  1. 1100.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2000.00
Heating
  1. Central
Insurance Expense
  1. 4500.00
Laundry Features
  1. Inside
Lockboxtype
  1. None
Lot Dimensions Source
  1. Assessor
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 3700290.00
Newtaxesexpense
  1. 68971.00
Number Of Separate Electric Meters
  1. 15
Number Of Separate Gas Meters
  1. 15
Number Wit Hrefrigerator
  1. 15
Parcel Number
  1. 2453031008
Pool Features
  1. None
Postalcodeplus4
  1. 1432
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 428479890:CRM
Taxblock
  1. 105
Totalexpenses
  1. 102171.00
Trash Expense
  1. 2600.00
Water Sewer Expense
  1. 9000.00
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Assessor
Zoning
  1. BUR4*