Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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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: 1
    • Price: $5,975,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1951
    • Bldg sqft: 0
    • Days On Market: 13
    • 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*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836