NOT LISTED FOR SALE

241 W Tujunga Ave Burbank, CA 91502

Rancho Adjacent Neighborhood
6 Beds
6 Baths
12,790 Sq Ft
9,401 Sq Ft Lot

Last Sold November 08, 2023

Last sale price $4,800,000 $375 Per Sq Ft

691 Days on Market

About This Home

As of November 2023

Back on the market. Accepting offers. Price reduction. Seller is very motivated and any reasonable offers are entertained. Renovated 15 units apartment except 3 units unrenovated which is the value-add potential for higher rents. Please email the listing agent for the Setup Sheet, Rent Roll, & additional photos of renovated units.

Last Agent to Sell the Property

Norio Kanai

Cosmo Investment License #01111885 Listed on: 10/21/2021

Last Buyer's Agent

LANE ARONSON

PRUDENTIAL JOHN AAROE & ASSOC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,401 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 12,790 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 5101
  • Assessor Parcel Number 2451018072

Community Details

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,035
  • Fuel Expense $8,035
  • Insurance Expense $10,460
  • Professional Management Expense $13,852
  • Trash Expense $9,262
  • Water Sewer Expense $8,035
  • Operating Expense $108,566
  • Gross Income $32,273
  • Net Operating Income $278,710

Additional Features

  • 15 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.26
  • Professional Management Expense: 13852.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8035.00
  • Property Type: Residential Income
  • Parcel Number: 2451018072
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 375.29

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 9262.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9401.00
  • Lot Size Acres: 0.2158

Multi Family

  • Electric Expense: 8035.00
  • Fuel Expense: 8035.00
  • Gross Income: 32273.00
  • Gross Scheduled Income: 387276.00
  • Insurance Expense: 10460.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1080.00
  • Lot Size Area: 9401.0000 Square Feet
  • Net Operating Income: 278710.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 108566.00
  • Rent Control: No
  • Total Expenses: 108566.00

Tax Info

  • Tax Lot: 36
  • Tax Tract Number: 5101

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2023 11/08/23 Sold $4,800,000 -9.4% $375 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $5,300,000 -7.0% $414 / Sq Ft
10/11/2022 10/11/22 Price Changed $5,700,000 0.0% $446 / Sq Ft
10/11/2022 10/11/22 For Sale $5,700,000 +18.8% $446 / Sq Ft
05/12/2022 05/12/22 Off Market $4,800,000 -- --
04/23/2022 04/23/22 Price Changed $6,100,000 -1.6% $477 / Sq Ft
04/12/2022 04/12/22 Price Changed $6,199,000 -1.2% $485 / Sq Ft
03/03/2022 03/03/22 Price Changed $6,275,000 -1.2% $491 / Sq Ft
10/21/2021 10/21/21 For Sale $6,350,000 -- $496 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,239 $4,896,000 $2,856,000 $2,040,000
2024 $54,239 $4,800,000 $2,800,000 $2,000,000
2023 $69,941 $6,175,671 $2,470,268 $3,705,403
2022 $66,782 $6,054,581 $2,421,832 $3,632,749
2021 $66,516 $5,935,865 $2,374,346 $3,561,519
2020 $47,019 $4,161,600 $1,664,640 $2,496,960
2019 $45,627 $4,080,000 $1,632,000 $2,448,000
2018 $7,529 $569,636 $85,003 $484,633
2016 $6,988 $547,518 $81,703 $465,815
2015 $6,864 $539,295 $80,476 $458,819
2014 $6,949 $528,732 $78,900 $449,832
Source: Public Records

Agents Affiliated with this Home

  • Norio Kanai

    Seller's Agent in 2023

    Norio Kanai

    Cosmo Investment

    (562) 548-7972

    1 in this area

    8 Total Sales

    Norio Kanai
    Section Image

  • L

    Buyer's Agent in 2023

    LANE ARONSON

    PRUDENTIAL JOHN AAROE & ASSOC.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21233266

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Burbank 91502 Rancho Adjacent

241 W Tujunga Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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