Features & Amenities

Interior

  • Total Bedrooms

    18

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4091

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,600,000

  • Sq. Footage

    9, 841

  • Price/SqFt

    $569

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Elementary School

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Listing Courtesy of Michael Sterman , Marcus & Millichap

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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.

240 E Providencia Avenue

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Related Properties

We are proud to represent this 8 unit apartment building in an excellent Burbank rental pocket.

 The building was constructed in 1989. Its unit mix consists of (8) 2-bedroom, 2.5-bathroom units, (4) of which are loft units. With a lot size of 7,064 square feet, the property has a total of 10,020 rentable square feet. 

    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 building is a Burbank trophy property. Tenants enjoy mountain views, open floor plans, separate entrances, and storage rooms; units also feature fireplaces, washer and dryer hook ups, central air and heating, and outdoor patios and balconies. The building has a new roof. 

        An astute investor will enjoy the turnkey asset, excellent unit mix, award winning schools, and improving area as rents 

increase over time.
#SR25244037

Burbank

638 E Tujunga Avenue

None Beds

None Baths

10,020 Sq.Ft.

$4,695,000

MLS#: SR25244037

FOR SALE $ $4,999,999

2 Building Total: 10,256 sq ft

Land Size :  17,417 sq ft

Due to church relocation the real estate is available FOR SALE

Seller Financing Also is Available!!! 

One of a kind, unique opportunity for sale. If you were looking to relocate your church, school, care facility or looking to expand your current business into a special purpose property with over 17,000 sq ft of lot and over 10,000 sq ft of building space then this might be just the right property for you.

Calvary Baptist Church – Property Overview

?? Location: Elmwood Ave & Glenoaks Blvd, Burbank, CA

Prime Location Highlights

• Corner lot in desirable Burbank, near Glendale

• Excellent visibility along Glenoaks Blvd

• Close proximity to Burbank Media Center and major freeways

• Easily accessible via public transportation



Main Church Building Features

• Formal Entry Hall with private offices on both sides

• Nave & Chancel: Traditional worship layout with ample seating

• Choir Balcony: Includes five pews and a loft storage area

• Quiet Room: Directly connected to the worship area

• Multi-Use Meeting Space: Ideal for classes, Bible study, or community gatherings

• Additional Amenities:

o Music room

o Baptismal area

o Private rooms for pastoral care or counseling

Detached Daycare Center

• Toddler and Educational Classrooms

• Bathrooms and Kitchen Area

• Teacher’s Room

• Upstairs Community Room with:

o Two Study Rooms

o Lavatory



Zoning & Development Opportunity

• Zoned R4 – Multifamily residential

• Lot Size: 17,510 sq ft (per city records)

• Building Size:

o 7,957 sq ft (City Records)

o 10,256 sq ft (Appraiser Measurement)

• Base Density: 12.5 units (17,510 ÷ 1,400)

• Density Bonus:

o With 15% (2 units) at Very Low Income, qualify for 50% bonus density

o Final total: 20 units allowed (rounded from 19.5)

• Access: Alley access offers added convenience for development and parking



Potential Uses

• Place of Worship

• Educational Facility

• Private School

• Adult Day Care Center (ADHC)

• Daycare Center / Family Daycare Home

• Community Care Facility

• Nursing Home

• Supportive Housing Services

• Multifamily Development (up to 20 units)

• Senior Care and Assisting Living 

• RCFE ( Residential Care Facility for the Elderly)

• Home Care & Hospice

• Residential Assisted Living

• Board and Home Care

• Medical Office

• Urgent Care
#GD25157570

Burbank

724 Glenoaks Boulevard S

None Beds

None Baths

10,256 Sq.Ft.

$4,999,999

MLS#: GD25157570

 - property

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