231 W Tujunga Ave - Apartments FOR SALE


Burbank, CA 91502- Rancho Adjacent
$4,275,000 USD
818-605-3021
231 W Tujunga Ave, Burbank, CA for Sale
$4,275,000 USD
Apartments - FOR SALE
1/5
null | 4.53% Cap Rate

231 W Tujunga Ave
Burbank, CA 91502
Rancho Adjacent


HIGHLIGHTS

  • 15-unit multifamily property with a diverse unit mix in central Burbank.
  • Recently re-roofed, re-piped with copper, and fitted with tankless water heaters.
  • Assigned underground parking, gated access, and on-site laundry facilities.
  • Earthquake retrofit contracted for completion by summer 2026.
  • Located near major studios and employment centers ensuring steady demand.
  • All offers subject to inspection. Do not disturb tenants. Do not walk property.

OVERVIEW

231 W Tujunga Avenue in Burbank offers a 15-unit multifamily investment opportunity in one of Southern California’s most stable rental markets. Built in 1963, the property features a desirable unit mix of seven one-bedroom units, six two-bedroom units, and two three-bedroom units, with a total living area of approximately 12,790 square feet. Recent capital improvements include a new roof, copper re-piping, tankless water heaters, and upgraded electrical systems, with an earthquake retrofit scheduled to complete by summer 2026. Tenants benefit from assigned underground parking, a gated garage entry, and on-site laundry facilities. Strategically located near Burbank’s media district, major studios, and employment hubs, the property provides strong rental demand and long-term growth potential. This is an excellent opportunity to acquire a stable asset in a highly sought-after market offering consistent occupancy and future upside. All offers subject to inspection. Do not disturb tenants. Do not walk property.

FOR SALE DETAILS

PRICE

$4,275,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

12

PRICE/UNIT

$356,250

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,322 SF

ZONING

BUR4*

APN/PARCEL ID

2451-018-070

ASK ABOUT THIS PROPERTY

Kara HandyEngel & VolkersMore Info
818-605-3021

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Kara HandyEngel & VolkersMore Info
818-605-3021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.