NOT LISTED FOR SALE

419 E Tujunga Ave Burbank, CA 91501

Hillside District Neighborhood
20 Beds
2 Baths
10,904 Sq Ft
7,549 Sq Ft Lot

Last Sold November 12, 2014

Last sale price $2,500,000 $229 Per Sq Ft

38 Days on Market

Highlights

  • Card or Code Access
  • Central Heating and Cooling System
  • Carpet
  • Joaquin Miller Elementary School Rated A-
  • 20 Car Garage

About This Home

As of November 2014

Probate Sale subject to Court Confirmation and Overbid. Accepted price is $2,500,000 All Cash 10 Day Close. First overbid in court will be $2,625,500. COURT DATE IS SET FOR 10/2/2014 @ 8:30AM AT STANLEY MOSK COURTHOUSE 111 N. HILL ST., DEPT. 11. Offers on Probate Purchase Agreement (PPA) only, 10% deposit by cashier check ($262,550) is required. This 1990 construction 10-unit building located in prime Burbank just south of Glenoaks Boulevard. The units are all two-bedroom/two-bathroom layouts with central air conditioning, built in kitchens, individual patios and fireplaces. The Cape Code designed building along with the lush foliage gives this building a character that tenants desire in a home.While the property is well maintained, rents are currently lower than market and a value add investor can easily increase rents quickly. It is rare to find assets like this in such a prime area with as much upside.

Last Agent to Sell the Property

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 07/08/2014

Last Buyer's Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 07/08/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 7,549

Parking

  • 20 Car Garage

Interior Spaces

  • 20 Bedrooms
  • 10,904 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Gas And Electric Dryer Hookup

Additional Features

  • 7,549 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 10 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 2455-013-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 10904
  • Probate: Yes
  • Stories: 2
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Bedrooms: 20
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 229.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 20

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access

Lot Info

  • Assessed Improvement Value: 907715
  • Assessed Land Value: 301720
  • Assessor Parcel Number: 2455-013-024
  • Geocode Override: No
  • Lot Size Area: 7549

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.28
  • Number Of Units: 10
  • Rent Control: 0
  • Type Of Units: Apartments
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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
11/12/2014 11/12/14 Sold $2,500,000 0.0% $229 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $2,500,000 -- $229 / Sq Ft
Source: The MLS

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 $33,660 $3,004,616 $1,802,770 $1,201,846
2024 $33,660 $2,945,703 $1,767,422 $1,178,281
2023 $33,308 $2,887,945 $1,732,767 $1,155,178
2022 $31,823 $2,831,320 $1,698,792 $1,132,528
2021 $31,661 $2,775,805 $1,665,483 $1,110,322
2019 $30,397 $2,693,476 $1,616,085 $1,077,391
2018 $30,170 $2,640,664 $1,584,398 $1,056,266
2016 $28,570 $2,538,125 $1,522,875 $1,015,250
2015 $27,998 $2,500,000 $1,500,000 $1,000,000
2014 $14,344 $1,214,925 $303,089 $911,836
Source: Public Records

Agents Affiliated with this Home

  • Jeff Louks

    Seller's Agent in 2014

    Jeff Louks

    Marcus & Millichap

    (818) 212-2700

    67 Total Sales

    Jeff Louks
    Section Image
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Map

Source: The MLS

MLS Number: 14-775163

The MLS
California Los Angeles County Burbank 91501 Hillside District

419 E Tujunga Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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