Rentberry stands with Ukraine
You too can make a difference.
Price
$ 4,1M
Sold
townhouse
Listed: 07/02/22

240 East Providencia Avenue, Burbank, CA 91502, USA

Residential Income

StudioBed:
1Bath:
8,202 Sq FtLiving Area:
1951Year Built:
9,038 Sq FtLot Size:
townhouse Description
We are proud to represent this pride of ownership 15 unit property located in Burbank. It is 13 units plus 2 non-permitted units. It consists of 2 different APNs. The property consists of two buildings, which were both constructed in 1951. Its unit mix consists of (12) one-bedroom, one-bathroom units, (1) two-bedroom unit, and (2) non-conforming units that can be legalized or turned into accessory dwelling units. The property sits on two separate assessor parcel numbers for a combined total of 17, 821 square foot lot with 100 feet of frontage; it has 8, 202 rentable square feet. The property has tremendous upside in rents, earning nearly a 6 CAP on market rents. The property features new paint, pitched roof, and 100 feet of…  Full description