328, 336, 342 E Providencia Ave | Burbank, CA 91502
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328, 336, 342 E Providencia Ave
Burbank, CA 91502
3 Properties | 35 Units | Built in 1988 · Multifamily Property For Sale
·
35 Units
INVESTMENT HIGHLIGHTS
- Built in 1988 | 3 Separate APNs
- Value Add | Over 30% Upside
- 4.22% CAP Rate After Increases
- First Time for Sale in 30+ Years
- Can Raise Rents by 10% Now
- No On-Site Manager Needed
PROPERTY FACTS
| No. Units | 35 | Building Size | 26,100 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | B | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R4, Burbank | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 26,100 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R4, Burbank |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,526 | 425 |
| 1+1 | 18 | $1,738 | 571 |
| 2+2 | 4 | $2,238 | 950 |
| 3+2 | 5 | $3,004 | 1,150 - 1,500 |
PROPERTY TAXES
| Parcel Number | 2453-030-010 | Improvements Assessment | $3,095,190 |
| Land Assessment | $2,288,880 | Total Assessment | $5,384,070 |
PROPERTY TAXES
Parcel Number
2453-030-010
Land Assessment
$2,288,880
Improvements Assessment
$3,095,190
Total Assessment
$5,384,070
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