240 E Providencia Avenue, Burbank, CA 91502

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
240 E Providencia Avenue,Burbank, CA 91502
$5,395,000
  • 18 Beds
  • 16 Baths
  • 9,841 sq. ft.
  • Multi-family
  • Active
Listed by: michael sterman
Office: marcus & millichap
MLS#:25619085
Source:CRMLS

Price summary

  • Price:$5,395,000
  • Price per sq. ft.:$548.22

About this home

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

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Home facts

  • Year built:1951
  • Listing ID #:25619085
  • Added:54 day(s) ago
  • Updated:January 06, 2026 at 07:27 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:16
  • Living area:9,841 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1951
  • Building area:9,841 sq. ft.
  • Lot area:0.41 Acres

Finances and disclosures

  • Price:$5,395,000
  • Price per sq. ft.:$548.22
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