E Providencia Avenue

Burbank | California

The Essence of

Metropolitan Life

View Photos Watch Film 360° VTour Open House

Marcus & Millichap – Encino

Presented At

$5,600,000

Bedrooms

Living

9,841

SQFT

240 E Providencia Avenue, Burbank, California, United States. - Photo 1

240 E Providencia Avenue, Burbank, California, United States. - Photo 2

240 E Providencia Avenue, Burbank, California, United States. - Photo 3

240 E Providencia Avenue, Burbank, California, United States. - Photo 4

240 E Providencia Avenue, Burbank, California, United States. - Photo 5

240 E Providencia Avenue, Burbank, California, United States. - Photo 6

240 E Providencia Avenue, Burbank, California, United States. - Photo 7

240

E Providencia Avenue

Burbank | California

240 E Providencia Avenue, Burbank, California, United States. , Burbank , California

Residential Income in Burbank

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

3D Street View Tour

Property Location

240 E Providencia Avenue, Burbank, California, United States., Burbank California

Local Weather & Climate

Burbank, California

Current Conditions Updated recently

66 °F

Clear sky

Feels Like 64°F

Humidity 45%

Wind 3 mph

Visibility 6.2 mi

Sunrise 2:05 PM

Sunset 1:59 AM

5-Day Forecast

Sat 14 Mar

Clouds

High 83°

Low 65°

Sun 15 Mar

Clouds

High 85°

Low 66°

Mon 16 Mar

Clouds

High 90°

Low 71°

Tue 17 Mar

Clouds

High 92°

Low 73°

Wed 18 Mar

Clear

High 91°

Low 75°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Burbank?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

Ready to explore financing?

Connect with trusted mortgage partners

Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 240 E Providencia Avenue, Burbank, California, United States have?

This other at 240 E Providencia Avenue, Burbank, California, United States features 18 bedrooms with 9,841 square feet of living space.

What is the size of 240 E Providencia Avenue, Burbank, California, United States?

This property offers 9,841 square feet of living space.

What is the listing price for 240 E Providencia Avenue, Burbank, California, United States?

This property is listed at $560,000,000, which equals $56905 per square foot.

What type of property is 240 E Providencia Avenue, Burbank, California, United States?

This is a other located in Burbank, California. The property is situated in an established neighborhood with convenient access to local amenities and services.