USACABurbank240 E Providencia Ave
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240 E Providencia Ave, Burbank, CA

House

Sold

Listed price in listed location currency (USD).
$4,950,000
$5,395,000

181617

MLS® 25619085

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9841 sqft
Garage 
Taxes 
Lot Size 
Approx. Age 1951
Avg. Price Per Sqft $548
MLS® Number 25619085

Property Address: 240 E Providencia Ave, Burbank, CA, 91502-1432

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present a 15-unit apartment property in the highly desirable city of Burbank, California. Built in 1951 and fully renovated in 2023, the property features twelve (12) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) two-bedroom/two-bath unit, totaling approximately 9, 841 square feet on a 17, 821 square foot lot. This turnkey property offers all major systems brand new, including electrical, plumbing, and roof, along with modern interiors featuring new countertops, cabinets, flooring, recessed lighting, washer/dryer, and central A/C and heat. The property delivers a 5.89% Day 1 cap rate, providing immediate income for investors. Located just south of Glenoaks Blvd and near Downtown Burbank, residents enjoy convenient access to shopping, dining, and entertainment at Burbank Town Center, AMC Theatres, and San Fernando Boulevard, as well as proximity to major employers such as Disney, Warner Bros., and Nickelodeon Animation. With excellent connectivity to the I-5 Freeway, Magnolia Blvd, and Metrolink stations, this property is a rare opportunity to acquire a well-located, turnkey multifamily asset in one of Los Angeles County's most stable rental markets. Strong fundamentals, a desirable unit mix, and consistent tenant demand make it an attractive investment with upside through rent optimization.
MLS® Number25619085
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1951
Basement
DrivewayUncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Feb 12, 2026End Date
$4,950,000Sold Price

Sold

Nov 14, 2025List Date
$5,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
240 E Providencia Ave, Burbank, CA

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