241 W Tujunga Avenue

    Burbank, CA 91502
    • $6,000,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: 19487170
    UPDATED: 41 min ago
    $6,000,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,790
      SQFT
    • $469
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    241 W Tujunga Avenue is a two story, 15-unit apartment building in Burbank, CA. The property was built in 1963, sits on a 9,401 square feet lot and contains 12,730 total square footage. There is a very favorable unit mix of seven (7) one-bedroom /one-bathroom units, six (6) two-bedroom/two-bathroom units, one (1) three-bedroom/two-and-a-half bathroom unit, and one (1) three-bedroom/ three-bathroom unit.There have been multiple significant improvements to the building in recent years. Some of these include stucco repairs to the building's exterior and property block walls, repainting the outside of the building, replacing the front gutter, a new security gate at the front entrance, new landscaping, replacement of all exterior sconces and flush mount light fixtures, and replacement to many supply lines with copperplumbing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96755083

    241 W Tujunga Avenue Burbank, CA 91502

    • Price: $6,000,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 19487170
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    12,790
    SQFT
    $469
    $/SQFT
    1963
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    241 W Tujunga Avenue is a two story, 15-unit apartment building in Burbank, CA. The property was built in 1963, sits on a 9,401 square feet lot and contains 12,730 total square footage. There is a very favorable unit mix of seven (7) one-bedroom /one-bathroom units, six (6) two-bedroom/two-bathroom units, one (1) three-bedroom/two-and-a-half bathroom unit, and one (1) three-bedroom/ three-bathroom unit.There have been multiple significant improvements to the building in recent years. Some of these include stucco repairs to the building's exterior and property block walls, repainting the outside of the building, replacing the front gutter, a new security gate at the front entrance, new landscaping, replacement of all exterior sconces and flush mount light fixtures, and replacement to many supply lines with copperplumbing.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.63 Gross Multiplier 14.37 Gross Operating Income 400954.00 Improvements Amount 475131 Land Value 83337 Laundry YN Yes Net Operating Income 277575.00 Special Listing Conditions Standard Total Expenses 131732.00 Zoning Bur4*

    Listing provided courtesy of Richard Ringer of Richard J. Ringer Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T00:32:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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