328 E Providencia Ave | Burbank, CA 91502
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328 E Providencia Ave
Burbank, CA 91502
11 Units | Value Add | Built in 1988 · Multifamily Property For Sale
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11 Units
INVESTMENT HIGHLIGHTS
- Built in 1988 | Only Subject to AB-1482 Rent Control | 10% Annual Rent Increases
- Great Loan Assumption | 4.10% Interest Rate | About $2.8 Million Loan Balance
- Walkable to Downtown Burbank | 90 Walk Score
- Great Unit Mix of 1, 2 and 3 Bedrooms | Average Unit Size of 1,100 Square Feet
- First Time on Market in 21 Years | Rare Burbank Offering
PROPERTY FACTS
| No. Units | 11 | Building Size | 12,150 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 | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 12,150 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 |
|---|---|---|---|
| 1+1 | 2 | $1,710 | 600 |
| 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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