240 East Providencia Avenue
Description
- Listed by Steve Hovakimyan • DRE #01363908 • City Center Realty Group
Property Details for 240 East Providencia Avenue
Property Details for 240 East Providencia Avenue
| Status | Active |
|---|---|
| MLS # | BB24247060 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.41 AC / 17,820 SF |
| County | Los Angeles County |
Building Information for 240 East Providencia Avenue
Property Information for 240 East Providencia Avenue
- System ID: 306322758
- Class: 2-4 UNITS
- Street Number Numeric: 240
- Street Direction: E
- Street Name: Providencia Avenue
- Directions To Property: Between Glenoaks and San Fernando
- Monthly Total Fees: $158
- CFD/Mello-Roos Fee: $1,907
- CFD/Mello-Roos Fee Reflct: Year
- Supplement: 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!
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size Source: Assessor Record
- Lot Dimensions Approx: 101 X 177
- Site: Sidewalks
- Zoning: Assessor
- Assessors Parcel Num: 2453031008
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 1
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $2,500
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 2
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $3,250
- Unit Num for Unit 3: 3
- Unit 3 Num of Bedrooms: 2
- Unit 3 Num of Total Baths: 2
- Unit 3 Rent Actual: $3,250
- Unit Num for Unit 4: 4
- Unit 4 Num of Bedrooms: 1
- Unit 4 Num of Total Baths: 1
- Unit 4 Rent Actual: $2,300
Property History for 240 East Providencia Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 240 East Providencia Avenue
Schools near 240 East Providencia Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Joaquin Miller Elementary School PublicK to 5 | ||
John Muir Middle School Public6 to 8 | ||
Burbank High School Public9 to 12 | ||
Burbank Usd Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Dowtown Burbank
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of City Center Realty Group, Steve Hovakimyan, DRE #01363908
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.