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(323) 864-4211
Linda Roth Burrell
240 E Providencia Ave, Burbank, CA 91502
- $4,950,000
- 18
- BD
- 16
- BA
- 9,841
- SqFt
- Sold Price
- $4,950,000
- List Price
- $5,395,000
- Closing Date
- Mar 11, 2026
- MLS#
- 25619085
- Year Built
- 1951
- Bedrooms
- 18
- Bathrooms
- 16
- Living Sq. Ft
- 9,841
- Lot Size
- 17,821
- Days on Market
- 93
- Property Type
- Multifamily
- Stories
- 2
Property Description
We are pleased to present a 15-unit apartment property in the highly desirable city of Burbank, California. Built in 1951 and fully renovated in 2023, the property features twelve (12) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) two-bedroom/two-bath unit, totaling approximately 9,841 square feet on a 17,821 square foot lot. This turnkey property offers all major systems brand new, including electrical, plumbing, and roof, along with modern interiors featuring new countertops, cabinets, flooring, recessed lighting, washer/dryer, and central A/C and heat. The property delivers a 5.89% Day 1 cap rate, providing immediate income for investors. Located just south of Glenoaks Blvd and near Downtown Burbank, residents enjoy convenient access to shopping, dining, and entertainment at Burbank Town Center, AMC Theatres, and San Fernando Boulevard, as well as proximity to major employers such as Disney, Warner Bros., and Nickelodeon Animation. With excellent connectivity to the I-5 Freeway, Magnolia Blvd, and Metrolink stations, this property is a rare opportunity to acquire a well-located, turnkey multifamily asset in one of Los Angeles County's most stable rental markets. Strong fundamentals, a desirable unit mix, and consistent tenant demand make it an attractive investment with upside through rent optimization.
Additional Information
- Other Buildings
- None
- Heat
- Central
- Cooling
- Central
- Number of Cars in Garage
- Uncovered
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Courtesy of Marcus & Millichap, Michael Sterman - CA DRE#01911703 Selling Office: .
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