Apartment

Sold June 2023

328 E Providencia Ave

Burbank, CA · Burbank

Sale Price

$5,175,000

$470,455

Price/Unit

4.06%

Cap Rate

About This Deal

11-unit apartment building in Burbank sold for $5,175,000 ($470,455/unit, 4.06% cap).

Value-Add 1031 Exchange|3 min read

35 Units | Burbank | Record Sale

Considering selling? Get a complimentary, confidential valuation.

Schedule Consultation (818) 212-2808

& Buyer/Seller Overview

3. LAAA Milestone: $1 Billion in Apartment Sales

4. Higher Interest Rates Affect on the Market

328 E Providencia: Sold for $5,175,000

$470,455/Unit | $425.93/SqFt

& Buyer/Seller Overview

3. LAAA Milestone: $1 Billion in Apartment Sales

4. Higher Interest Rates Affect on the Market

328 E Providencia: Sold for $5,175,000

Related Resources

Deferred Maintenance Insights

Lessons from 28 deals with buildings that needed work.

1031 Exchange Case Studies

How LA apartment owners defer capital gains through 1031 exchanges.

1031 Exchange Playbook

Patterns from 46 successful exchanges.

Your Team

Who Worked This Deal

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Glen.Scher@marcusmillichap.com

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Filip.Niculete@marcusmillichap.com

What's Your Property Worth?

Get a free, confidential valuation from LA's most active multifamily team.

16830 Ventura Blvd, Ste. 100, Encino, CA 91436 | (818) 212-2808