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231 W Tujunga Ave
Burbank, CA 91502
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 15-unit multifamily property with a diverse unit mix in central Burbank.
- Assigned underground parking, gated access, and on-site laundry facilities.
- Located near major studios and employment centers ensuring steady demand.
- Recently re-roofed, re-piped with copper, and fitted with tankless water heaters.
- Earthquake retrofit contracted for completion by summer 2026.
- All offers subject to inspection. Do not disturb tenants. Do not walk property.
Executive Summary
231 W Tujunga Avenue in Burbank offers a 15-unit multifamily investment opportunity in one of Southern California’s most stable rental markets. Built in 1963, the property features a desirable unit mix of seven one-bedroom units, six two-bedroom units, and two three-bedroom units, with a total living area of approximately 12,790 square feet. Recent capital improvements include a new roof, copper re-piping, tankless water heaters, and upgraded electrical systems, with an earthquake retrofit scheduled to complete by summer 2026. Tenants benefit from assigned underground parking, a gated garage entry, and on-site laundry facilities. Strategically located near Burbank’s media district, major studios, and employment hubs, the property provides strong rental demand and long-term growth potential. This is an excellent opportunity to acquire a stable asset in a highly sought-after market offering consistent occupancy and future upside.
All offers subject to inspection. Do not disturb tenants. Do not walk property.
All offers subject to inspection. Do not disturb tenants. Do not walk property.
Property Facts
| Price Per Unit | $356,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.53% | Building Size | 13,244 SF |
| Gross Rent Multiplier | 12.59 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | BUR4* - High-Density Residential | ||
| Price Per Unit | $356,250 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| Gross Rent Multiplier | 12.59 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,244 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | BUR4* - High-Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 2+2 | 6 | - | - |
Property Taxes
| Parcel Number | 2451-018-070 | Improvements Assessment | $848,808 |
| Land Assessment | $565,866 | Total Assessment | $1,414,674 |
Property Taxes
Parcel Number
2451-018-070
Land Assessment
$565,866
Improvements Assessment
$848,808
Total Assessment
$1,414,674
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