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241 W Tujunga Ave
Burbank, CA 91502
Multifamily Property For Sale
·
15 Units
PROPERTY FACTS
| No. Units | 15 | Building Size | 12,790 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.55/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | BUR4* | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 12,790 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | BUR4* |
ABOUT 241 W TUJUNGA AVE , BURBANK, CA 91502
Marcus & Millichap is pleased to present 241 W Tujunga Avenue, a 15-unit apartment building in Burbank, CA. The property is located east of Olive Avenue and northeast of Victory Boulevard, about a mile from downtown Burbank. This two-story apartment community 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 copper plumbing. This offering will appeal to any investor looking to acquire a turn-key property with low maintenance in a major metropolitan Los Angeles community experiencing significant development.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+2 | 6 | - | - |
| 3+2 | 1 | - | - |
| 3+3 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 2451-018-072 | Improvements Assessment | $2,040,000 |
| Land Assessment | $2,856,000 | Total Assessment | $4,896,000 |
PROPERTY TAXES
