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622 E Providencia Avenue - Damaya Park Apartments, Burbank, CA

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622 E Providencia Avenue - Damaya Park Apartments

Burbank, CA 91501 - Burbank MF Submarket

Property Type:Multi-Family Number of Units:11 Status:Existing Year Built:1987
Stories:2 Building Size:11,270 SF Land Area:.2 AC (8,581 SF)
For Sale Price:$3,800,000 Price/Unit:$345,454.55 Cap Rate:3.30 % GRM:17.81

Parking:1.24 Parking Spaces / 1,000 SF

Property Description: 11-UNIT APARTMENT BUILDING

Sale Notes:
11 units above Glenoaks built in 1988. Mostly 2 bedroom units, 7 units with upgraded flooring. Prime location, significant rent increase potential.

One of listing brokers has an ownership interest in the property.

Offers will be reviewed on Tuesday, October 4.

Marketing package and rent roll attached.

David N. Schultz Incorporated
Jennifer Schultz Bertolet
(818) 240-1070 x236

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