We are proud to represent this completely renovated 15 unit apartment building in an excellent rental pocket of Burbank. The property has an excellent unit mix consisting of (12) one bedroom one bath units, (2) two bedroom one bath unit, and (1) two bedroom two bath unit. The property is situated on a 17,821 square foot lot with 100 feet of frontage on two separate assessor parcel numbers. There is an additional 153 square foot storage room that can be used as an office. The property has been completed renovated and the renovations include new plumbing, new roof, new electrical wiring and sub panels, new heating and a/c system with new ducting, new kitchen cabinets and countertops, new bathrooms, recessed lighting, and new interior and exterior paint. All units have washer and dryers. The property is completely turn key and it is at an in place 5 cap rate with upside on existing rents. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for gas and electricity.
Property Details
Property Features
Property Information:
Year Built: 1951
Stories: 2
Listing Office:
Office Name: Equity Union
Office Phone: (818) 640-4360
Listing Agent: Cindy Hill
Interior Features
Interior Information:
Appliances: Dryer, Washer
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.41 Acres
School Info
Assigned Schools Information:
Burbank High School, Public District Grades 9-12
John Muir Middle School, Public District Grades 6-8
Joaquin Miller Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Just southeast of Glenoaks, north of Alameda
Price Information
Listing Price Info
Price Summary:
List Price: $6,700,000
Tax Information:
Annual Amount: $5,093
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Burbank, CA.
This property is $5.5M more than the Median Sold Price in Burbank, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24072463
Listing Office:
Office Name: Equity Union
Office Phone: (818) 640-4360
Listing Agent: Cindy Hill
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 7:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 21, 1988
Mar 21, 1988Home Sold
$535,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,093
$378,399
2020
$4,915
$374,520
2019
$4,706
$367,177
2018
$4,497
$359,978
2017
$4,497
$352,920
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-5
Middle School
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school1.33 miles
Public District Grades 6-8
High School
7
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.98 miles
Public District Grades 9-12
Assigned Schools
7
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-5
Nearby Schools
7
/10
Ralph Emerson Elementary School
720 E Cypress Ave
Distance between this listing and this school0.90 miles
Public District Grades KG-5
6
/10
William Mckinley Elementary School
349 W Valencia Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Assigned Schools
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school1.33 miles
Public District Grades 6-8
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school2.05 miles
Public District Grades 6-8
Assigned Schools
7
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school0.98 miles
Public District Grades 9-12
Nearby Schools
7
/10
Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.49 miles
Public District Grades 9-12
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.97 miles
The neighbors living near this home have an average income of $46,000. The majority of Burbank, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 240 E Providencia Ave
What is the listing price of this property?
The listing price of 240 E Providencia Ave property is $6,700,000.
What type of property is this?
The property 240 E Providencia Ave is a condo located in Burbank, California, 91502.
Is this property for sale now?
Active Listing: 240 E Providencia Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 240 E Providencia Ave are: Joaquin Miller Elementary School: GreatSchools Rating 7/10John Muir Middle School: GreatSchools Rating 7/10Burbank High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,093 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 21, 1988 for $535,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 240 E Providencia Ave is 1951.
Interested in 240 E Providencia Ave? Let's connect.
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This home is located at 240 E Providencia Ave in Burbank, CA and zip code 91502 in the The Verdugos neighborhood. This home, which was built in 1951, sits on a 0.41 acre lot. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $6,700,000.
While more than 31 listings in Burbank, CA in March 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 10 were sold below. Between February 2024 and March 2024, Burbank, CA real estate market has seen increase in the number of listings by 3.2%. While the average time on the market in March 2024 was 18 days, the median list price was $1,114,833.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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