240 E Providencia Avenue, Burbank, CA 91502 - MLS#BB24247060

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$5,975,000

Est. payment - /mo

6 Beds

5 Baths

0.41 Acres Lot

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UPDATED:

12/15/2024 07:03 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24247060

Bedrooms 6

HOA Y/N No

Lot Size 0.409 Acres

Lot Dimensions 101 X 177

Property 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!
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!

Location

State CA

County Los Angeles

Area Burbank (91502)

Zoning Assessor

Interior

Cooling Central Forced Air

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $158

Acceptable Financing Cash

Space Rent $2,500

Listing Terms Cash

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Listed by Steve Hovakimyan • City Center Realty Group

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

240 E Providencia Avenue Burbank, CA 91502

Anthony Napoli

Key Details

Location

Interior

Building

Others

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