550 E Providencia Ave - Apartments FOR SALE


Burbank, CA 91501 | 
$2,600,000 USD
818-434-2110
550 E Providencia Ave, Burbank, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/4
null | 4.9% Cap Rate

550 E Providencia Ave
Burbank, CA 91501


OVERVIEW

Rare four-unit investment opportunity in the highly desirable Burbank Hills, ideally situated above Glenoaks Boulevard. Built in 1977, this substantial multifamily property offers approximately 5,768 square feet of building area, an impressive unit mix, exceptional on-site parking, and a **vacant approximately 2,700-square-foot front unit**—providing an investor with immediate flexibility to lease at current market rates or an owner-user with an exceptional opportunity to occupy the property’s largest residence. The property features a desirable mix of spacious residences consisting of one 2-bedroom/2-bath unit, one 2-bedroom/2.5-bath unit, one 3-bedroom/2-bath unit, and one 3-bedroom/2.75-bath unit. The expansive front unit is approximately 2,700 square feet and is currently vacant, offering a size and layout rarely found in a four-unit property. Each residence is equipped with its own in-unit washer and dryer as well as central air conditioning and heat—highly desirable amenities that enhance tenant appeal and marketability. Another standout feature is the exceptional on-site parking. The property provides nine total parking spaces, including two garage spaces, five additional covered spaces, and additional driveway parking. Located in one of Burbank’s sought-after hillside neighborhoods with convenient access to major studios, Downtown Burbank, shopping, dining, entertainment, and transportation, this property represents a compelling opportunity to acquire a sizeable multifamily asset in a strong rental market. With approximately 5,768 square feet of building area, large unit configurations, in-unit laundry, central HVAC, abundant parking, and the property’s impressive approximately 2,700-square-foot front unit delivered vacant, this is a distinctive Burbank investment opportunity with excellent long-term potential.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

4

PRICE/UNIT

$650,000

CAP RATE

4.9%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,855 SF

ZONING

BUR4*

APN/PARCEL ID

5621-022-017

ASK ABOUT THIS PROPERTY

Bill TothBill Toth Real EstateMore Info
818-434-2110

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Bill TothBill Toth Real EstateMore Info
818-434-2110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.