240 E Providencia AVE Burbank, CA 91502

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 frontage.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of
the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens,
and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to
the Burbank Metro Link.
The property is separately metered for gas and electricity.