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241 W Tujunga Ave
Burbank, CA 91502

Multifamily Property For Sale · 15 Units

PROPERTY FACTS

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

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

ZONING

Zoning Code BUR4*
  • Listing ID: 16575575

  • Date on Market: 7/10/2019

  • Last Updated:

  • Address: 241 W Tujunga Ave, Burbank, CA 91502