257 E Valencia Ave, Burbank, CA 91502

Property Description

PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS. CBRE, Inc. is proud to exclusively present 257 E. Valencia Avenue in the city of Burbank, California. Located south of S. Glenoaks Boulevard and north of San Fernando Boulevard, between Alameda Avenue and Providencia Avenue, this property offers an investor the opportunity to own a prime piece of real estate in one of the most prominent submarkets within the Tri-Cities and San Fernando Valley. 257 E. Valencia Avenue is a three-story 24-unit multifamily property constructed in 1993 on a 13,612 SF BUR4 zoned lot, with a total building size of 23,206 SF. The neatly landscaped, controlled-access property is well-maintained, is separately metered for gas and electric, and offers enclosed parking garages with ample storage areas. 257 E. Valencia Ave. is comprised of 8 two-bedroom/ two-bath units, 14 two-bedroom/one and- a-half-bath units, and 2 one-bedroom/one-and-a-half-bath units. The spacious units are equipped with updated laminate and tile flooring, in-unit washer and dryer units, a stove, refrigerator, granite countertops, and centralized air conditioning and heating. The property has large a gated subterranean parking with 44 parking spaces and ample individual patio and balcony spaces for tenants.