723 E Tujunga Ave - Multi-Family FOR SALE


Burbank, CA 91501
$2,445,000 USD
818-640-4360
723 E Tujunga Ave, Burbank, CA for Sale
$2,445,000 USD
Multi-Family - FOR SALE
1/20
null | 5.04% Cap Rate

723 E Tujunga Ave
Burbank, CA 91501


HIGHLIGHTS

  • Rare 4-Unit opportunity in Prime Burbank nestled among well-kept single-family homes
  • Ideal for owner-User or multi-generational Living: 3 of 4 units delivered vacant
  • Excellent unit mix of (1) 2+1.5 unit, (2) 2+2 units, and (1) 1,600SF 2+2 home with an attached 2-car garage
  • Excellent Parking: Rear units each include 2-car garages
  • Strong upside & ADU potential
  • Low-density feel with the privacy and charm of a single-family neighborhood

OVERVIEW

Equity Union Commercial is proud to represent this 4 unit property in Burbank. The building was constructed in 1970. Its unit mix consists of (4) 2+2 units, one of which is a house. With a lot size of 7,750 square feet, the property has a total of 4,668 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.

FOR SALE DETAILS

PRICE

$2,445,000 USD

PRICE/SF

$524 USD /SF

# OF UNITS

4

PRICE/UNIT

$611,250

CAP RATE

5.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

723 Tujunga Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,750 SF

ZONING

BUR3

APN/PARCEL ID

2455-016-011

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.