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335-337 E Providencia Ave 8 Unit Apartment Building $3,400,000 ($425,000/Unit) 5.87% Cap Rate Burbank, CA 91502
INVESTMENT HIGHLIGHTS
- Located in highly desirable Burbank
- Security building
- well-maintained 8-unit property showcases pride of ownership
EXECUTIVE SUMMARY
Located in highly desirable Burbank, this well-maintained 8-unit property showcases pride of ownership throughout. The diverse unit mix includes five 1-bedroom/1-bathroom units, two 2-bedroom/2-bathroom units, and one single+1 bath unit. The front building was constructed from the ground up in 2000, while the back unit was completely remodeled at the same time. All front units feature spacious balconies, with one offering a distinctive townhouse-style layout. This secure building provides 13 parking spaces and maintains 100% tenant occupancy. Centrally located with excellent access to public transit and major freeways (5, 134), this investment opportunity is minutes from major employers including DreamWorks, Warner Bros. Studios, Disney Imagineering, and St. Joseph's Hospital. Additional nearby amenities include the LA Equestrian Center, Griffith Park, IKEA, and Downtown Burbank's vibrant shopping, dining, and entertainment district. Perfect for investors seeking a stable, high-performing property in one of LA's most sought-after neighborhoods.
My Listings available!!!
1157 Justin Ave Glendale CA 91201,
1814 Grismer Ave Burbank CA 91504
1138 N Parish PL Burbank CA 91206
My Listings available!!!
1157 Justin Ave Glendale CA 91201,
1814 Grismer Ave Burbank CA 91504
1138 N Parish PL Burbank CA 91206
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.87% | Building Size | 8,018 SF |
| Gross Rent Multiplier | 14.91 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | R4, Burbank - restricted Density Multiple Dwelling | ||
| Price | $3,400,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 14.91 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,018 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1909 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R4, Burbank - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $5,500 | 550 - 850 |
| Studios | 1 | $1,825 | 350 |
| 2+2 | 2 | $4,500 | 900 |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 2453-029-036 | Improvements Assessment | $238,221 |
| Land Assessment | $307,370 | Total Assessment | $545,591 |
PROPERTY TAXES
Parcel Number
2453-029-036
Land Assessment
$307,370
Improvements Assessment
$238,221
Total Assessment
$545,591
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335-337 E Providencia Ave
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