240 E Providencia Avenue, Burbank, Los Angeles County, CA, 91502 Los Angeles CA US

USD 6,989,000
For Sale MLS: SR23120951

Property Details

Bedrooms

4

Bathrooms

3

Property Type

MultiFamily

Description

15 completely remodeled permitted units in Burbank! This property features 9,841 rentable square feet on a combined 17,821 square foot lot with 100 feet of frontage. With two separate assessor parcel numbers, with a cap rate of 5.2 and GRM of 14.8. Inside each unit you will find new plumbing, electrical wiring & panels, recessed lights, HVAC and ducting, kitchen cabinetry and countertops, flooring, base molding and vanities. The property has upgraded washer & dryers, windows, new paint inside and out. Included is a 153 SF storage room or office as well. Burbank 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. Don’t miss out on this fantastic opportunity in an amazing rental market! Find out more about this property. Request details here

Location

Address

240 East Providencia Avenue, Burbank, California 91502, United States

City

Burbank

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