NOT LISTED FOR SALE

328 E Tujunga Ave Burbank, CA 91502

Downtown Burbank Neighborhood
15 Beds
9 Baths
6,646 Sq Ft
7,620 Sq Ft Lot

Last Sold May 08, 2023

Last sale price $2,500,000 $376 Per Sq Ft

177 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Block Wall Fence
  • Joaquin Miller Elementary School Rated A-

About This Home

As of May 2023

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.

Last Agent to Sell the Property

Cameron Hunter

Media West Realty,Inc. License #01900152 Listed on: 11/02/2022

Last Buyer's Agent

Edwin Ordubegian

Coldwell Banker Hallmark License #01264835

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,620 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Rectangular Lot

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Apartment
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,646 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 14 / 43
  • Tax Tract Number 3107
  • Assessor Parcel Number 2453021010
  • $970 per year additional tax assessments

Community Details

Building Details

  • 7 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,915
  • Fuel Expense $3,534
  • Gardener Expense $1,200
  • Insurance Expense $7,006
  • Maintenance Expense $1,800
  • Trash Expense $1,919
  • New Taxes Expense $40,065
  • Operating Expense $31,978
  • Gross Income $828
  • Net Operating Income $111,926

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.73
  • Price Per Unit: 346875
  • Property Attached: Yes
  • Zoning: BUR5*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2453021010
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.17

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1919.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7620.00
  • Lot Size Acres: 0.1749

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average3 Bed Area: 2000 Square Feet
  • Electric Expense: 1915.00
  • Fuel Expense: 3534.00
  • Gross Income: 828.00
  • Gross Multiplier: 21.00
  • Gross Operating Income: 101028.00
  • Gross Scheduled Income: 143904.00
  • Insurance Expense: 7006.00
  • Laundry Income: 69.00
  • Lot Size Area: 7620.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 111926.00
  • 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
  • Operating Expense: 31978.00
  • Rent Control: No
  • Total Actual Rent: 8375.00
  • Total Expenses: 31978.00

Tax Info

  • New Taxes Expense: 40065.00
  • Tax Block: 43
  • Tax Census Tract: 3107.04
  • Tax Lot: 14
  • Tax Tract Number: 3107
  • TaxOtherAnnualAssessmentAmount: 970.00

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 Change Sq Ft Price
05/08/2023 05/08/23 Sold $2,500,000 -9.9% $376 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $2,775,000 +11.0% $418 / Sq Ft
04/13/2023 04/13/23 Off Market $2,500,000 -- --
02/02/2023 02/02/23 Price Changed $2,775,000 -7.5% $418 / Sq Ft
12/03/2022 12/03/22 Price Changed $2,999,999 0.0% $451 / Sq Ft
12/03/2022 12/03/22 Rented $2,850 0.0% --
11/18/2022 11/18/22 For Rent $2,850 0.0% --
11/02/2022 11/02/22 For Sale $3,250,000 -- $489 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Hunter

    Seller's Agent in 2023

    Cameron Hunter

    Media West Realty,Inc.

    (818) 288-7209

    1 in this area

    97 Total Sales

    Cameron Hunter
    Section Image
  • Edwin Ordubegian

    Buyer's Agent in 2023

    Edwin Ordubegian

    Coldwell Banker Hallmark

    (818) 631-3324

    1 in this area

    63 Total Sales

    Edwin Ordubegian
    Section Image
  • Marty Del Cid

    Seller Co-Listing Agent in 2022

    Marty Del Cid

    Media West Realty,Inc.

    (818) 929-1826

    28 Total Sales

    Marty Del Cid
    Section Image

  • P

    Buyer's Agent in 2022

    Philip Duncan

    BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    (818) 841-0330

    11 Total Sales

    Philip Duncan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22234092

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

328 E Tujunga Ave, Burbank, CA

This home is located at 328 E Tujunga Ave, Burbank, CA 91502 since 02 November 2022. This property was built in 1962. 328 E Tujunga Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank 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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