638 E Tujunga Ave - Apartments FOR SALE


Burbank, CA 91501
$4,695,000 USD
818-640-4360
638 E Tujunga Ave, Burbank, CA for Sale
$4,695,000 USD
Apartments - FOR SALE
1/36
null | 5.41% Cap Rate

638 E Tujunga Ave
Burbank, CA 91501


HIGHLIGHTS

  • Location, Location, Location. Pride of ownership 8 unit apartment building located above Glenoaks Blvd
  • Tenants enjoy mountain views, open floor plans, separate entrances, and storage rooms
  • Exceptional unit mix consisting of all two bedroom two bath townhouse units with 1/2 of the units with lofts
  • Units have fireplaces, washer and dryer hookups, central air and heat, dishwashers and outdoor patios or balconies
  • Secured subterranean parking
  • Building has a new roof

OVERVIEW

Equity Union Commercial is proud to represent this 8 unit apartment building in an excellent Burbank rental pocket. The building was constructed in 1989. Its unit mix consists of (8) 2-bedroom, 2.5-bathroom units, (4) of which are loft units. With a lot size of 7,064 square feet, the property has a total of 10,020 rentable square feet. The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The building is a Burbank trophy property. Tenants enjoy mountain views, open floor plans, separate entrances, and storage rooms; units also feature fireplaces, washer and dryer hook ups, central air and heating, and outdoor patios and balconies. The building has a new roof. An astute investor will enjoy the turnkey asset, excellent unit mix, award winning schools, and improving area as rents increase over time.

FOR SALE DETAILS

PRICE

$4,695,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

8

PRICE/UNIT

$586,875

CAP RATE

5.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,064 SF

ZONING

BUR4*

APN/PARCEL ID

2455-010-024

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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