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240-260 E Providencia Ave
Burbank, CA 91502
240 - 260 Providencia Ave. · Multifamily Property For Sale
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15 Units
Investment Highlights
- Pride of ownership 15 unit building well maintained by long-term owner. Two units are non-permitted.
- There are two non-permitted units that can be potentially legalized or turned into accessory dwelling units.
- Property features new paint, pitched roof, and raised foundation.
- Two separate assessor parcel numbers on a combined 17,821 square foot lot with 100 feet of frontage
- Tremendous upside in existing rents with nearly a 6 cap on market rents
Property Facts
| No. Units | 15 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 9,841 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1951 |
| Zoning | BUR4* - Medium Density Multiple Residence | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 9,841 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Zoning | BUR4* - Medium Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+1 | 1 | - | - |
| Studios | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,559,384 | |
| Land Assessment | $1,706,256 | Total Assessment | $4,265,640 |
Property Taxes
Parcel Numbers
Land Assessment
$1,706,256
Improvements Assessment
$2,559,384
Total Assessment
$4,265,640
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