NOT LISTED FOR SALE

254 W Tujunga Ave Burbank, CA 91502

Rancho Adjacent Neighborhood
4 Beds
3 Baths
3,030 Sq Ft
7,750 Sq Ft Lot

Last Sold January 10, 2022

Last sale price $2,015,000 $665 Per Sq Ft

Highlights

  • No HOA
  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Walt Disney Elementary School Rated A
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

As of January 2022

254 W Tujunga Blvd is in the heart of the beautiful city of Burbank. Located just East of Olive Blvd and North of Victory Blvd, the property is centrally located to shopping and restaurants. The property was completely renovated in 2017. The property has new roofs, new plumbing, upgraded electrical, a new driveway, and much more. In addition, all of the units' interiors are upgraded with granite countertops, new kitchens, new bathrooms, new appliances, and each unit hosts high-efficiency washers and dryers. This (5) Five Unit Multifamily Apartment building is comprised of (1) One (3) Three Bedroom and (2) Two Bath House with (4) Four (1) One Bedroom and (1) One Bath Units in the rear. The property comes with a total of 6 parking two for the house and one additional unit for each of the one-bedrooms. The property is currently listed at 15.26 GRM and 4.22% Cap Rate!

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 12/06/2021

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City License #01274379

Last Buyer's Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,750 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,030 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Location

  • Urban Location

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5695
  • Assessor Parcel Number 2451019022
  • $817 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,880
  • Fuel Expense $1,880
  • Gardener Expense $1,500
  • Insurance Expense $1,515
  • Maintenance Expense $5,005
  • Pest Control $900
  • Trash Expense $1,800
  • Water Sewer Expense $1,880
  • New Taxes Expense $24,375
  • Operating Expense $41,735
  • Gross Income $123,966
  • Net Operating Income $82,277

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 4.22
  • Price Per Unit: 390000
  • Property Attached: Yes
  • Water Sewer Expenses: 1880.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2451019022
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 665.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Ductless
  • Laundry Features: Inside, Stackable
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7750.00
  • Lot Size Acres: 0.1779

Multi Family

  • Electric Expense: 1880.00
  • Fuel Expense: 1880.00
  • Gross Income: 123966.00
  • Gross Multiplier: 15.26
  • Gross Operating Income: 123966.00
  • Gross Scheduled Income: 127800.00
  • Insurance Expense: 1515.00
  • Lot Size Area: 7750.0000 Square Feet
  • Maintenance Expense: 5005.00
  • Net Operating Income: 82277.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 41689.00
  • Operating Expense Percent: 32.60
  • Rent Control: Yes
  • Total Expenses: 41735.00
  • Vacancy Allowance: 3834
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24375.00
  • Tax Census Tract: 3118.02
  • Tax Lot: 22
  • Tax Tract Number: 5695
  • TaxOtherAnnualAssessmentAmount: 817.00

Range of Values:

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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
01/10/2022 01/10/22 Sold $2,015,000 +3.3% $665 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $1,950,000 -- $644 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Antonucci

    Seller's Agent in 2022

    James Antonucci

    Keller Williams Realty-Studio City

    (818) 432-1647

    1 in this area

    75 Total Sales

    James Antonucci
    Section Image
  • Mike Pesci

    Seller Co-Listing Agent in 2022

    Mike Pesci

    Keller Williams Studio City

    (818) 432-1647

    1 in this area

    71 Total Sales

    Mike Pesci
    Section Image
  • Alexander Metaxas

    Buyer's Agent in 2022

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    36 Total Sales

    Alexander Metaxas
    Section Image
  • Benjamin Hsiang

    Buyer Co-Listing Agent in 2022

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    1 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21260151

California Regional Multiple Listing Service (CRMLS)

APN: 2451-019-022

California Los Angeles County Burbank 91502 Rancho Adjacent

254 W Tujunga Ave, Burbank, CA

This home is located at 254 W Tujunga Ave, Burbank, CA 91502 since 06 December 2021. This property was built in 1947. 254 W Tujunga Ave is a home located in Los Angeles County with nearby schools including Walt Disney Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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