TruLine Real Estate

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$4,950,000

240 E Providencia Avenue
Burbank, CA 91502

Residential Income|Sold 03/11/2026
18
Beds
16
Total Baths
9,841
SqFt
$503
/SqFt
1951
Built
County:
Los Angeles
Call Now: (323) 389-5432
Is this the listing for you? We can help make it yours.
(323) 389-5432
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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.

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Listing Snapshot
Bedrooms 
18
Total Baths 
16
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
9,841 sqft
Lot Size 
0.4091 Acres
Year Built 
1951
MLS® Number 
25619085
Status 
Sold
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
7 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.4091
Levels 
Multi/Split
Number Of Stories 
2
Parking Spaces 
17
Special Circumstances 
Standard
SqFt Total 
9841
Zoning 
BUR4*
Interior Features
Cooling 
Central Air
Heating 
Central
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Community Features
MLS Area 
610 - Burbank
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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$4,950,000

240 E Providencia Avenue
Burbank, CA 91502

Residential Income|Sold 03/11/2026
18
Beds
16
Total Baths
9,841
SqFt
$503
/SqFt
1951
Built
County:
Los Angeles
Call Now: (323) 389-5432
Is this the listing for you? We can help make it yours.
(323) 389-5432
Save
Ask
Hide
Share

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.

Save
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Listing Snapshot
Bedrooms 
18
Total Baths 
16
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
9,841 sqft
Lot Size 
0.4091 Acres
Year Built 
1951
MLS® Number 
25619085
Status 
Sold
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
7 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.4091
Levels 
Multi/Split
Number Of Stories 
2
Parking Spaces 
17
Special Circumstances 
Standard
SqFt Total 
9841
Zoning 
BUR4*
Interior Features
Cooling 
Central Air
Heating 
Central
Save
Ask
Hide
Share
Community Features
MLS Area 
610 - Burbank
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Hide
Share
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