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For more information on this property, contact Bryan Ochse at 818-468-2228 or john@mediawestrealty.com

328 E Tujunga Avenue
Burbank, California CA 91502-2904
Sold For: $2,500,000
Listing ID BB22234092
Status Closed
Sold Date 5/08/2023
Price/SqFt $376.17
SqFt 6,646
Acres 0.175
Year Built 1962

Property Description:

Prime Location! Quality 8-unit building located in the heart of downtown Burbank. Pride of ownership in these well-maintained units that have been in the family for decades. Most units have some or all upgrades, 3 garage parking in front, and carports in the back. The wonderful courtyard allows some of the upstairs units to have balconies and patios with a view of the mountains. Walk to great shopping, restaurants, and Burbank Towncenter. Located 3 blocks from Burbank Police/Fire departments and Burbank Public library. Burbank is known to be the Media Capital and is home to Disney, Warner Bros, Nickelodeon, Netflix, and Burbank Studios, Close to Ikea, Hollywood/Burbank Airport, St. Joseph's Hospital, Hollywood Bowl, and DTLA. Burbank Amenities also include Debell Golf Course, Award-winning parks & recreation, LA Equestrian Center, and Starlight Bowl. The City of Burbank is an incorporated city with its own Police/Fire, Schools and is not under LA city rent control. All tenants are on month-to-month. Unit makeup consists of 2) 1br-1 bath, 5)2br -1 bath and 1) 3br-2 bath. The 3-bedroom unit is renovated and vacant and can be viewed with an appointment.

Primary Features

County: Los Angeles
Price Reduction Date: 2023-02-02T23:47:23+00:00
Price/SqFt: 376.17
Property Sub Type: Apartment
Property Type: Residential Income
Year Built: 1962
Zoning: BUR5*

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area: 2000
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Garage Spaces: 3
Laundry: yes
Laundry Features: Common Area, Individual Room
Levels: Two
Stories Total: 2

External

Construction Materials: Stucco
Fence: yes
Fencing: Block
Lot Features: Rectangular Lot
Lot Size Area: 7620
Lot Size Source: Assessor
Lot Size Square Feet: 7620
Number Of Buildings: 1
Parking Total: 8
Pool Features: None
Private Pool: no
Property Attached: yes
Roof: Composition
Sewer: Sewer Paid
Uncovered Spaces: 5
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 610 - Burbank

Additional

Additional Parcels: no
Community Features: Sidewalks, Street Lights
Days On Market: 162
List Agent State License: 01900152
List Office State License: 01877665
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 9
Number Of Separate Gas Meters: 9
Number Of Separate Water Meters: 1
Number Of Units Leased: 7
Number Of Units Total: 8
Parcel Number: 2453021010
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 3.73
Electric Expense: 1915
Fuel Expense: 3534
Gardener Expense: 1200
Gross Multiplier: 21
Gross Operating Income: 101028
Gross Scheduled Income: 143904
Insurance Expense: 7006
Land Lease: no
Laundry Income: 69
Maintenance Expense: 1800
Net Operating Income: 111926
New Taxes Expense: 40065
Operating Expense: 31978
Price Per Unit: 346875
Rent Control: no
Special Listing Conditions: Standard
Tax Block: 43
Tax Census Tract: 3107.04
Tax Lot: 14
Tax Tract Number: 3107
Tenant Pays: Electricity, Gas, Trash Collection
Total Actual Rent: 8375
Total Expenses: 31978
Trash Expense: 1919

Zoning Info


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Contact - Listing ID BB22234092

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Bryan Ochse

1300 West Magnolia Boulevard
Burbank,, CA 91506
Phone: 818-468-2228

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