NOT LISTED FOR SALE

602 E Tujunga Ave Burbank, CA 91501

Hillside District Neighborhood
11 Beds
11 Baths
7,262 Sq Ft
1962 Built

Last Sold October 31, 2017

Last sale price $2,650,000 $365 Per Sq Ft

152 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Joaquin Miller Elementary School Rated A-
  • Neighborhood Views
  • Tile Countertops

About This Home

As of October 2017

Pristine landmark pride of ownership 8 unit apartment building above Glenoaks blvd in one of the City's best locations. This building includes Three large condo sized 2 bedroom 2 bath units with master suites, private patios, huge closets and nice kitchens with built ins. Five oversized 1 bedroom 1 bath units with large closets, eating areas, nice kitchens and extra storage. Two 1 bedroom units also have private patios. This building is not sandwiched between other buildings making each unit light and bright with some having views across town. This building offers 13 off street parking spaces which includes 8 covered spots. Also included is Huge storage room plus an oversized laundry room with 2 sets of Owner owned coin operated washers and dryers. This building has updated copper plumbing, a new exterior sewer line running to the alley, modern electrical and a history of very few problems or maintenance issues. This location is outstanding with public transportation steps away, the train stop just down the street and all of the fun of Downtown Burbank within easy walking distance. Nice long term tenants and only 1 lease, everyone else is month to month. Should the new owner choose to increase rents to Pro Forma or beyond they will receive a gross of over 170K a year and a CAP rate of more than 4.625%. The current First Trust Deed of about $455,000.00 is assumable, fully amortised and will be paid off in full in just 12 years at 6%

Last Agent to Sell the Property

David Fogg

Keller Williams Realty World Media Center License #01149065 Listed on: 05/01/2017

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,262 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Home Design

  • Traditional Architecture
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 7,262 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Living Room
  • Neighborhood Views
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Mirrored Closets Doors
  • 11 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 5 Open Parking Spaces
  • 13 Parking Spaces
  • 8 Carport Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 2455010020

Community Details

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,037
  • Fuel Expense $1,094
  • Gardener Expense $1,775
  • Insurance Expense $3,600
  • Maintenance Expense $3,000
  • Trash Expense $1,892
  • Water Sewer Expense $1,037
  • New Taxes Expense $34,875
  • Operating Expense $51,310
  • Gross Income $143,700
  • Net Operating Income $97,672

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Other Phone Description: Office Manager
  • Other Phone Number: 818-239-3512
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1037.00
  • Zoning: BUR4*
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1775.00
  • Parcel Number: 2455010020
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Price Per Square Foot: 364.91
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1892.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 7262.00

Multi Family

  • Electric Expense: 1037.00
  • Fuel Expense: 1094.00
  • Gross Income: 143700.00
  • Gross Scheduled Income: 143700.00
  • Insurance Expense: 3600.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 150.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 97672.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 46028.00
  • Rent Control: No
  • Total Actual Rent: 11330.00
  • Total Expenses: 51310.00

Tax Info

  • New Taxes Expense: 34875.00
  • Tax Census Tract: 3102.02
  • Tax Lot: 20

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
10/31/2017 10/31/17 Sold $2,650,000 -1.7% $365 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
09/13/2017 09/13/17 Price Changed $2,695,000 -3.4% $371 / Sq Ft
08/10/2017 08/10/17 Price Changed $2,790,000 -3.5% $384 / Sq Ft
05/08/2017 05/08/17 Price Changed $2,890,000 -3.5% $398 / Sq Ft
05/01/2017 05/01/17 For Sale $2,995,000 -- $412 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Fogg

    Keller Williams Realty World Media Center

  • Rick Raymundo

    Buyer's Agent in 2017

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    68 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17094310

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Burbank 91501 Hillside District

602 E Tujunga Ave, Burbank, CA

This home is located at 602 E Tujunga Ave, Burbank, CA 91501 since 01 May 2017. This property was built in 1962. 602 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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