S
Seller's Agent in 2025
Shannon Galofaro
Pinnacle Estate Properties, Inc.
(818) 738-0345
1 in this area
39 Total Sales
723 E Tujunga Ave Burbank, CA 91501
Hillside District Neighborhood
8
Beds
8
Baths
4,615
Sq Ft
7,753
Sq Ft Lot
Highlights
- Open Floorplan
- Property is near public transit
- Balcony
- Joaquin Miller Elementary School Rated A-
- No HOA
- Cooling System Mounted To A Wall/Window
About This Home
As of April 2025Prime 4-Plex in the Heart of Burbank – Ideal Investment Opportunity!
Welcome to this exceptional 4-unit property in the highly sought-after city of Burbank, offering an ideal blend of owner-user potential and income-generating investment. Situated in a prime location, this property features a spacious main house with approximately 1,600 sq. ft., boasting 2 bedrooms, 2 bathrooms, an attached 2-car garage, and a private courtyard, perfect for outdoor entertaining.
Behind the main house, you’ll find three well-maintained apartment-style units, including:
• Two 2-bedroom, 2-bath units
• One 2-bedroom, 1.5-bath unit
Additional amenities include an on-site laundry room and two separate 2-car garages dedicated to the apartment units. The layout provides privacy for all tenants while maximizing rental income potential.
Located just minutes from Burbank’s top studios, shopping, dining, and entertainment, this multi-unit property offers both convenience and long-term value. Whether you’re an investor seeking a solid return or a homeowner looking for rental income, this is a rare opportunity you don’t want to miss!
Last Agent to Sell the Property
Pinnacle Estate Properties, Inc. Brokerage Phone: 818-738-0345 License #02079029 Listed on: 02/26/2025
Co-Listed By
Keller Williams Luxury Brokerage Phone: 818-738-0345 License #02128051
Last Buyer's Agent
Pinnacle Estate Properties, Inc. Brokerage Phone: 818-738-0345 License #02079029 Listed on: 02/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 7,753 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Front Yard Sprinklers
Parking
- 6 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Driveway
Home Design
- Quadruplex
- Patio Home
- Entry on the 1st floor
- Slab Foundation
- Spanish Tile Roof
Interior Spaces
- 4,615 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wood Burning Fireplace
- Living Room with Fireplace
- Laminate Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
- Natural Gas Not Available
Additional Features
- No Interior Steps
- Balcony
Listing and Financial Details
- Legal Lot and Block 9 / 16
- Tax Tract Number 310
- Assessor Parcel Number 2455016011
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Water Sewer Expense $1,560
- Operating Expense $1,560
- Net Operating Income $71,640
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2025
Closed on
Apr 8, 2025
Sold by
Carolyn Lee Turner 2009 Revocable Trust and Tatum Martin Louis
Bought by
Mahtesyan Sergey
Seller's Agent
Shannon Galofaro
Pinnacle Estate Properties, Inc.
Buyer's Agent
Shannon Galofaro
Pinnacle Estate Properties, Inc.
List Price
$1,990,000
Sold Price
$2,010,000
Premium/Discount to List
$20,000
1.01%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,585
Avg. Annual Appreciation
0.37%
Original Mortgage
$1,306,500
Outstanding Balance
$1,299,521
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$715,064
Purchase Details
Closed on
Jan 14, 2020
Sold by
Kruser Susan and Kruser Carolyn Lee
Bought by
Kruser Susan and Kruser Carolyn Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,425,500
Interest Rate
3.73%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
May 20, 2009
Sold by
Turner Carolyn Lee
Bought by
Turner Carolyn Lee and The Carolyn Lee Turner 2009 Re
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,010,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Fnc Title Of California | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,306,500 | New Conventional | |
| Previous Owner | $2,425,500 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $2,010,000 | +1.0% | $436 / Sq Ft |
| 03/01/2025 03/01/25 | Pending | -- | -- | -- |
| 02/26/2025 02/26/25 | For Sale | $1,990,000 | -- | $431 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,380 | $1,749,829 | $1,049,897 | $699,932 |
| 2024 | $19,380 | $1,715,519 | $1,029,311 | $686,208 |
| 2023 | $19,175 | $1,681,882 | $1,009,129 | $672,753 |
| 2022 | $18,310 | $1,648,905 | $989,343 | $659,562 |
| 2021 | $2,716 | $208,550 | $39,375 | $169,175 |
| 2020 | $2,684 | $207,263 | $38,972 | $168,291 |
| 2019 | $2,616 | $203,216 | $38,208 | $165,008 |
| 2018 | $2,495 | $199,249 | $37,459 | $161,790 |
| 2016 | $2,317 | $190,697 | $36,005 | $154,692 |
| 2015 | $2,275 | $187,834 | $35,465 | $152,369 |
| 2014 | $2,296 | $184,156 | $34,771 | $149,385 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Galofaro
-
Marija Gjorgjiev
Seller Co-Listing Agent in 2025
Marija Gjorgjiev
Keller Williams Luxury
(818) 451-5066
1 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25040524
APN: 2455-016-011
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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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