487 E Providencia, Burbank, CA 91501

Property Description

Located just above Glen Oaks in one of Burbank’s most desirable hillside neighborhoods, 487 East Providencia Avenue offers a rare four unit investment opportunity in a prime residential setting. Set along a quiet, tree lined street, the property blends classic Burbank charm with strong long term potential in an area known for stability and pride of ownership. The property features an ideal unit mix with two spacious two bedroom one bath units positioned at the front and two well proportioned one bedroom one bath units at the rear. The layout feels more like a collection of individual homes than a traditional apartment building, creating broad tenant appeal and a comfortable living environment. Three of the four units showcase original hardwood floors that add warmth and timeless character throughout the living spaces. The remaining unit has been newly carpeted and freshly painted, offering a clean and move in ready option. Large windows throughout the units provide excellent natural light, while thoughtful floor plans allow for easy living and functionality. Kitchens and bathrooms retain charming vintage details while presenting excellent opportunities for future updates and value enhancement. Each unit is assigned its own private single car garage, an increasingly rare amenity in this area. The garages are accessed via the rear alley and are well positioned for potential ADU conversions, offering a compelling opportunity for additional income or future development, subject to buyer verification. The rear of the property features a quaint shared courtyard and walkway, maintaining privacy while connecting the residences in a clean and organized layout. The location is a standout feature, situated moments from downtown Burbank, studios, shopping, dining, parks, and top rated schools, while still enjoying the quieter feel of the hillside. Easy freeway access adds convenience without sacrificing the residential atmosphere. 487 East Providencia Avenue presents a compelling combination of location, unit mix, parking, and upside potential, making it an excellent opportunity for investors seeking a quality asset in one of Burbank’s most sought after neighborhoods.