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335 E Providencia Avenue, Burbank, California 91502, Burbank, 91502 - bed, bath

335 E Providencia Avenue, Burbank, California 91502 home-pic-0
ACTIVE$3,400,000
335 E Providencia Avenue, Burbank, California 91502
0Bed
0Bath
5,375Sqft
8,832Lot
Year Built
1957
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$633
HOA
-
Days on market
-
Sold On
-
MLS number
GD25067599
Home ConditionFair
Features
Good View:
View-

About this home

Located in highly desirable Burbank, this well-maintained 8-unit property showcases pride of ownership throughout. The diverse unit mix includes five 1-bedroom/1-bathroom units, two 2-bedroom/2-bathroom units, and one single+1 bath unit. The front building was constructed from the ground up in 2000, while the back unit was completely remodeled at the same time. All front units feature spacious balconies, with one offering a distinctive townhouse-style layout. This secure building provides 13 parking spaces and maintains 100% tenant occupancy. Centrally located with excellent access to public transit and major freeways (5, 134), this investment opportunity is minutes from major employers including DreamWorks, Warner Bros. Studios, Disney Imagineering, and St. Joseph's Hospital. Additional nearby amenities include the LA Equestrian Center, Griffith Park, IKEA, and Downtown Burbank's vibrant shopping, dining, and entertainment district. Perfect for investors seeking a stable, high-performing property in one of LA's most sought-after neighborhoods.

Condition Rating
Fair
While the property's original build year is 1957, the front building was constructed from the ground up in 2000, and the back unit was completely remodeled at the same time. This means the major components, including kitchens and bathrooms, are approximately 24 years old. The exterior appears well-maintained, and the electrical panel seems updated, consistent with the 2000 renovation. However, without interior photos, we must assume that kitchens and bathrooms from a 2000 renovation, while functional and likely well-maintained as per the description, would generally feature styles and finishes that are considered outdated by today's standards. This aligns with the 'Fair' category, indicating the property is aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Exceptional Location & Accessibility: Prime Burbank location with excellent access to major freeways (5, 134), public transit, and proximity to major employers (DreamWorks, Warner Bros., Disney) and a vibrant downtown with amenities.
Proven High Occupancy & Stability: Currently maintains 100% tenant occupancy, indicating strong demand and a stable, high-performing income stream for investors.
Modernized & Well-Maintained Property: The front building was constructed from the ground up in 2000, and the back unit was completely remodeled at the same time, showcasing pride of ownership and reducing immediate capital expenditure concerns.
Diverse Unit Mix & Desirable Features: Offers a variety of unit types (five 1B/1B, two 2B/2B, one single+1B) catering to a broad tenant base, with front units featuring spacious balconies and one unique townhouse-style layout.
Ample Parking & Security: Provides 13 parking spaces for 8 units, a favorable ratio in an urban setting, coupled with the benefit of a secure building.

Cons

Original Construction Age: While significantly updated in 2000, the original build year of 1957 suggests that some underlying infrastructure or components may be older, potentially leading to future maintenance or upgrade costs.
Limited Financial Disclosure: The listing lacks specific financial details such as current rental income, operating expenses, or cap rate, which are critical for investor evaluation and due diligence.
Rent Control & Tenant Protection: As a multi-unit property in Burbank, it is subject to California's stringent rent control and tenant protection laws, which may limit rental growth potential and operational flexibility for investors.

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