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 5.64% 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.
Property Details
Price:
$5,600,000
MLS #:
25619085
Status:
Active
Beds:
18
Baths:
16
Type:
Single Family
Neighborhood:
610burbank
Listed Date:
Nov 19, 2025
Finished Sq Ft:
9,841
Total Sq Ft:
9,841
Lot Size:
17,821 sqft / 0.41 acres (approx)
Year Built:
1951
See this Listing
Schools
Interior
Cooling
CA
Heating
CF
Exterior
Parking Spots
17
Financial
Map
Community
- Address240 E Providencia AV Burbank CA
- CityBurbank
- CountyLos Angeles
- Zip Code91502
Subdivisions in Burbank
Market Summary
Current real estate data for Single Family in Burbank as of Dec 08, 2025
129
Single Family Listed
57
Avg DOM
465
Avg $ / SqFt
$1,011,873
Avg List Price
Property Summary
- 240 E Providencia AV Burbank CA is a Single Family for sale in Burbank, CA, 91502. It is listed for $5,600,000 and features 18 beds, 16 baths, and has approximately 9,841 square feet of living space, and was originally constructed in 1951. The current price per square foot is $569. The average price per square foot for Single Family listings in Burbank is $465. The average listing price for Single Family in Burbank is $1,011,873.
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240 E Providencia AV
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