Listed by Equity Union
$2,425,000
723 E Tujunga Avenue
Details
APN 2455016011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,668
Net Rentable (SqFt) 4,668
Units 4
Cap Rate 5.1%
NOI $123,689
Pro-Forma Cap Rate 5.1%
Pro-Forma NOI $123,689
Price per SqFt $519
Year Built 1970
Buildings 2
Stories 2
Acreage 0.178
Zoning Assessor
Multifamily | 4 Units | $606,250/unit
Marketing description
We are 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. All 4 units are vacant. 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.
Investment 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
Listing Contacts
Listed by Equity Union
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,689.00
$10,307.42/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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Tax History
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