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241 W Tujunga Ave Burbank, CA 91502

$4,800,000 Sold Price as of 11/08/2023

25 Beds
23 Baths
12,790 Sq.Ft.

Sold

$4,800,000 Sold Price as of 11/08/2023 Refinance Your Mortgage

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Map preview of 241 W Tujunga Ave, Burbank, CA 91502

Property Overview: 241 W Tujunga Ave Burbank, CA has 25 bedrooms, 23 bathrooms, 12,790 living square feet and 9,401 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market. Accepting offers. Price reduction. Seller is very motivated and any reasonable offers are entertained. Renovated 15 units apartment except 3 units unrenovated which is the value-add potential for higher rents. Please email the listing agent for the Setup Sheet, Rent Roll, & additional photos of renovated units.

Listed by Norio Kanai | BRE #01111885 | Cosmo Investment

Last checked: 4 minutes ago | Last updated: November 8th, 2023 | Source CRMLS | DOM: 539

Home details

Lot Sq. Ft: 9,401
HOA Dues: $0/mo
Year built: 1963
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SB21233266
City: Burbank
County: Los Angeles
Time on Site: 911 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 15
Total # of Buildings: 1
# of Electric Meters: 16
# of Gas Meters: 16
# of Water Meters: 1

Unit Breakdown 1

# of Units: 6
# of Beds: 2
# of Baths: 2
Garage Spaces: 6
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $13,475
Total Rent: $13,475
Pro Forma/Market Rent: $14,280

Unit Breakdown 2

# of Units: 7
# of Beds: 1
# of Baths: 1
Garage Spaces: 7
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $12,553
Total Rent: $12,553
Pro Forma/Market Rent: $13,300

Unit Breakdown 3

# of Units: 2
# of Beds: 3
# of Baths: 3
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $5,990
Total Rent: $2,990
Pro Forma/Market Rent: $5,990

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.26%
Gross Rent Multiplier: --
Gross Scheduled Income: $387,276
Net Operating Income: $278,710
Gross Operating Income: --
Laundry Income: $1,080
Laundry Own/Lease: Lease

Annual Expense Breakdown

Total Operating Expense: $108,566
Electric: $8,035
Gas/Fuel: $8,035
Trash: $9,262
Insurance: $10,460
Professional Management: $13,852
Water/Sewer: $8,035

Property Details for 241 W Tujunga Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: 11-15 Units/Acre
Lot Size Source: See Remarks
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 15
Parcel Number: 2451018072
Year Built Source: See Remarks
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Off Olive Ave.

Neighborhood Information

Community Features: Street Lights

View more facts & features

Local Burbank Agent

Sale History for 241 W Tujunga Ave

Last sold for $4,800,000 on November 8th, 2023

November, 2023
Nov 8, 2023

Date

Sold

CRMLS: SB21233266

$4,800,000

Price
Oct 21, 2021

Date

Active

CRMLS: SB21233266

$6,350,000

Price
August, 2022
Aug 19, 2022

Date

Canceled

CRMLS: SB22103409

$5,900,000

Price
May 16, 2022

Date

Active

CRMLS: SB22103409

$6,100,000

Price
Listing provided courtesy of CRMLS

Seller is motivated. Every reasonable offer is entertained. 12 units out of 15 units are Renovated. 3 unrenovated units are value-add potential. Email for Setup sheet, Rent Roll, & additional photos of renovated units.

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March, 2021
Mar 13, 2021

Date

Expired

CRMLS: 20659890

$1,850

Price
Mar 10, 2021

Date

Withdrawn

CRMLS: 20659890

$1,850

Price
Feb 21, 2021

Date

Price Change

CRMLS: 20659890

$1,850

Price
Feb 12, 2021

Date

Price Change

CRMLS: 20659890

$1,950

Price
Jan 29, 2021

Date

Price Change

CRMLS: 20659890

$2,000

Price
Jan 16, 2021

Date

Price Change

CRMLS: 20659890

$2,100

Price
Jan 9, 2021

Date

Price Change

CRMLS: 20659890

$2,195

Price
Nov 14, 2020

Date

Active

CRMLS: 20659890

$2,295

Price
Listing provided courtesy of CRMLS

Please read the comments: Before making an appointment, I need you to email me your contact information to allow entry. I require a (coronavirus PEAD form) before allowing you to enter the property. Inside (Unit K) features laminate floors, a sleek and modern kitchen, two bedrooms, and two modern bathrooms. This unit is located upstairs on the second floor, the unit includes stainless steel appliances i.e., Refrigerator, Dishwasher, and Stove/microwave. The unit only has a window A/C unit with ceiling fans in the bedrooms. The bathrooms are fully redone and modern. The building includes a small community laundry room with one washer & a stack dryer. *There is only one parking space available for this unit at a cost of $50.00 per month on top of rent. If you have a pet, we are asking for an additional $30.00 per month. Tenant to pay Electricity to the city Burbank Water & Power.

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March, 2021
Mar 13, 2021

Date

Expired

CRMLS: 20647756

$1,850

Price
Mar 10, 2021

Date

Withdrawn

CRMLS: 20647756

$1,850

Price
Feb 21, 2021

Date

Price Change

CRMLS: 20647756

$1,850

Price
Feb 12, 2021

Date

Price Change

CRMLS: 20647756

$1,950

Price
Jan 29, 2021

Date

Price Change

CRMLS: 20647756

$2,000

Price
Jan 16, 2021

Date

Price Change

CRMLS: 20647756

$2,100

Price
Jan 9, 2021

Date

Price Change

CRMLS: 20647756

$2,195

Price
Oct 21, 2020

Date

Active

CRMLS: 20647756

$2,295

Price
Listing provided courtesy of CRMLS

Please read the comments: Before making an appointment, I need you to email me your contact information to allow entry. I require a (coronavirus PEAD form) before allowing you to enter the property. Inside Unit, O features laminate floors, a sleek and modern kitchen, two bedrooms, and two modern bathrooms. This unit is located upstairs on the second floor, the unit includes stainless steel appliances i.e., Refrigerator, Dishwasher, and Stove/microwave. The unit only has a window A/C unit with ceiling fans in the bedrooms. The bathrooms are fully redone and modern. The building includes a small community laundry room with one washer & a stack dryer. *There is only one parking space available for this unit at a cost of $50.00 per month on top of rent. If you have a pet, we are asking for an additional $30.00 per month. Tenant to pay Electricity to the city Burbank Water & Power.

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March, 2021
Mar 13, 2021

Date

Expired

CRMLS: 20646326

$1,500

Price
Feb 19, 2021

Date

Withdrawn

CRMLS: 20646326

$1,500

Price
Feb 18, 2021

Date

Price Change

CRMLS: 20646326

$1,500

Price
Feb 12, 2021

Date

Price Change

CRMLS: 20646326

$1,550

Price
Jan 16, 2021

Date

Price Change

CRMLS: 20646326

$1,600

Price
Dec 24, 2020

Date

Price Change

CRMLS: 20646326

$1,650

Price
Nov 14, 2020

Date

Price Change

CRMLS: 20646326

$1,700

Price
Oct 13, 2020

Date

Active

CRMLS: 20646326

$1,750

Price
Listing provided courtesy of CRMLS

Please read the comments: Before making an appointment, I need you to email me your contact information to allow entry. I require a (coronavirus PEAD form) before allowing you to enter the property. Inside (Unit A) features laminate floors, a sleek and modern kitchen with an open floor plan. This unit is located in the front of the building/ground unit., the unit includes stainless steel appliances i.e., Refrigerator, Dishwasher, and Stove/microwave. The unit only has a window A/C unit with a ceiling fan in the bedroom. The bathroom is fully redone and modern. The building includes a small community laundry room with one (1) washer & a stack dryer. *There is not a parking space available (street parking only). If you have a pet, we are asking for an additional $30.00 per month. Tenant to pay Electricity to the city Burbank Water & Power. Please book an appointment via - https://calendly.com/mersolarealestate/241-tujunga to book an appointment.

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February, 2021
Feb 21, 2021

Date

Leased

CRMLS: 20647748

$1,600

Price
Feb 6, 2021

Date

Pending

CRMLS: 20647748

$1,600

Price
Jan 29, 2021

Date

Price Change

CRMLS: 20647748

$1,600

Price
Jan 19, 2021

Date

Price Change

CRMLS: 20647748

$1,700

Price
Jan 16, 2021

Date

Price Change

CRMLS: 20647748

$1,750

Price
Nov 28, 2020

Date

Price Change

CRMLS: 20647748

$1,800

Price
Nov 12, 2020

Date

Price Change

CRMLS: 20647748

$1,850

Price
Oct 20, 2020

Date

Price Change

CRMLS: 20647748

$1,950

Price
Oct 16, 2020

Date

Active

CRMLS: 20647748

$1,750

Price
Listing provided courtesy of CRMLS

241 W. Tujunga Ave is a cool mid-century building in the heart of Burbank. This particular apartment is a one-bedroom, one-bath located outside of the main building facing Tujunga. Recently updated this unit features a new modern kitchen complete with a newer refrigerator and a freestanding stainless-steel stove/microwave. The unit includes a wall A/C, an updated bathroom, plenty of closet space modern paint colors, and an open floor plan in the living room. The building has a small community laundry room, underground parking (One space). The location is very covenant and close to everything Burbank has to offer.

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January, 2021
Jan 8, 2021

Date

Leased

CRMLS: 20647192

$2,100

Price
Dec 14, 2020

Date

Active Under Contract

CRMLS: 20647192

$2,100

Price
Nov 12, 2020

Date

Price Change

CRMLS: 20647192

$2,100

Price
Oct 15, 2020

Date

Active

CRMLS: 20647192

$2,300

Price
Listing provided courtesy of CRMLS

241 W. Tujunga Ave is a cool mid-century building in the heart of Burbank. Unit G is a ground floor two bedrooms / two bathroom unit with a new modern kitchen complete w/ a new Refrigerator, freestanding stainless-steel stove, and microwave. The unit includes a wall A/C, an updated bathroom, plenty of closet space, modern paint colors, and a clean place to call home. The building has a small community laundry room, underground parking. The location is very covenant, you can walk, bike, and or drive over the bridge to Downtown Burbank, grab a locally famous Breakfast Burrito at corner cottage on the corner of Verdugo and Victory, get away from it all at our nearby hiking trails in the Verdugo Hills. Enjoy our local amenities such as the Chandler bike path up the street, the Empire Center, Magnolia Park, and everything else that makes living in Burbank appealing.

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December, 2020
Dec 16, 2020

Date

Leased

CRMLS: 20646420

$1,800

Price
Nov 20, 2020

Date

Price Change

CRMLS: 20646420

$1,800

Price
Nov 12, 2020

Date

Price Change

CRMLS: 20646420

$1,850

Price
Oct 13, 2020

Date

Active

CRMLS: 20646420

$1,950

Price
Listing provided courtesy of CRMLS

241 W. Tujunga Ave is a cool mid-century building in the heart of Burbank. This particular unit is a one-bedroom, one-bath ground floor unit with a new modern kitchen complete with a new Refrigerator and a freestanding stainless-steel stove and microwave. The unit includes a wall A/C, an updated bathroom, plenty of closet space, modern paint colors, and a clean place to call home. The building has a small community laundry room, underground parking. The location is very convenient, you can walk, bike, and or drive over the bridge to Downtown Burbank, grab a locally famous Breakfast Burrito at Corner Cottage on the corner of Verdugo and Victory, get away from it all at our nearby hiking trails in the Verdugo Hills. Enjoy our local amenities such as the Chandler bike path up the street, the Empire Center, Magnolia Park, and everything else that makes living in Burbank such a wonderful place

Continue Reading
November, 2020
Nov 10, 2020

Date

Leased

CRMLS: 20649698

$2,200

Price
Oct 21, 2020

Date

Active

CRMLS: 20649698

$2,295

Price
Listing provided courtesy of CRMLS

241 W. Tujunga Ave is a cool mid-century building in the heart of Burbank, I have 6 units available right now Three (3) one-bedroom and Three (3) two-bedroom apartments. This particular unit is a one-bedroom, one-bath ground floor unit with a new modern kitchen complete with a new Refrigerator and a freestanding stainless-steel stove and microwave. The unit includes a wall A/C, an updated bathroom, plenty of closet space, modern paint colors, and a clean place to call home. The building has a small community laundry room, underground parking. The location is very convenient, you can walk, bike, and or drive over the bridge to Downtown Burbank, grab a locally famous Breakfast Burrito at Corner Cottage on the corner of Verdugo and Victory, get away from it all at our nearby hiking trails in the Verdugo Hills. Enjoy our local amenities such as the Chandler bike path up the street, the Empire Center, Magnolia Park, and everything else that makes living in Burbank great.

Continue Reading
July, 2020
Jul 22, 2020

Date

Canceled

CRMLS: SB20068389

$1,850

Price
Jun 18, 2020

Date

Price Change

CRMLS: SB20068389

$1,850

Price
May 27, 2020

Date

Price Change

CRMLS: SB20068389

$1,950

Price
Apr 3, 2020

Date

Active

CRMLS: SB20068389

$2,050

Price
Listing provided courtesy of CRMLS

Gorgeously renovated one bedroom, one bathroom apartment with high-end laminate hardwood, new recess lighting in a quiet neighberhood. Spacious and brad new throughout with high-end laminate wood and tile flooring, neutral color scheme, large living room/dining combo room area. Chef's kitchen features stainless steel appliances, gorgeous quartz counter top, ample soft closing contemporary cabinet. Bathroom vanity with sleek quartz, new tub with tile going all the way to the ceiling. Prime location, easy access to trendy shops, coffee houses, gyms and laundry room. It is close to I-5 and Hwy 134.

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July, 2020
Jul 22, 2020

Date

Canceled

CRMLS: SB20068520

$2,495

Price
Jun 18, 2020

Date

Price Change

CRMLS: SB20068520

$2,495

Price
May 27, 2020

Date

Price Change

CRMLS: SB20068520

$2,595

Price
Apr 3, 2020

Date

Active

CRMLS: SB20068520

$2,695

Price
Listing provided courtesy of CRMLS

Gorgeously renovated two bedrooms, two bathrooms apartment with high-end laminate hardwood, new recess lighting in a quiet neighberhood. Spacious and brad new throughout with high-end laminate wood and tile flooring, neutral color scheme, large living room/dining combo room area. Chef's kitchen features stainless steel appliances, gorgeous quartz counter top, ample soft closing contemporary cabinet. Bathroom vanity with sleek quartz, new tub with tile going all the way to the ceiling. Prime location, easy access to trendy shops, coffee houses, gyms and laundry room. It is close to I-5 and Hwy 134.

Continue Reading
July, 2020
Jul 22, 2020

Date

Canceled

CRMLS: SB20068509

$2,395

Price
Jun 18, 2020

Date

Price Change

CRMLS: SB20068509

$2,395

Price
May 27, 2020

Date

Price Change

CRMLS: SB20068509

$2,495

Price
Apr 3, 2020

Date

Active

CRMLS: SB20068509

$2,595

Price
Listing provided courtesy of CRMLS

Gorgeously renovated two bedrooms, two bathrooms apartment with high-end laminate hardwood, new recess lighting in a quiet neighberhood. Spacious and brad new throughout with high-end laminate wood and tile flooring, neutral color scheme, large living room/dining combo room area. Chef's kitchen features stainless steel appliances, gorgeous quartz counter top, ample soft closing contemporary cabinet. Bathroom vanity with sleek quartz, new tub with tile going all the way to the ceiling. Prime location, easy access to trendy shops, coffee houses, gyms and laundry room. It is close to I-5 and Hwy 134.

Continue Reading
July, 2020
Jul 22, 2020

Date

Canceled

CRMLS: SB20068496

$2,195

Price
Jun 18, 2020

Date

Price Change

CRMLS: SB20068496

$2,195

Price
May 27, 2020

Date

Price Change

CRMLS: SB20068496

$2,295

Price
Apr 3, 2020

Date

Active

CRMLS: SB20068496

$2,395

Price
Listing provided courtesy of CRMLS

Gorgeously renovated two bedrooms, two bathrooms apartment with high-end laminate hardwood, new recess lighting in a quiet neighberhood. Spacious and brad new throughout with high-end laminate wood and tile flooring, neutral color scheme, large living room/dining combo room area. Chef's kitchen features stainless steel appliances, gorgeous quartz counter top, ample soft closing contemporary cabinet. Bathroom vanity with sleek quartz, new tub with tile going all the way to the ceiling. Prime location, easy access to trendy shops, coffee houses, gyms and laundry room. It is close to I-5 and Hwy 134.

Continue Reading
April, 2020
Apr 1, 2020

Date

Sold (Public Records)

Public Records

$5,875,000

Price
November, 2019
Nov 17, 2019

Date

Expired

CRMLS: 19487170

$6,000,000

Price
Jul 25, 2019

Date

Price Change

CRMLS: 19487170

$6,000,000

Price
Jul 10, 2019

Date

Active

CRMLS: 19487170

$6,350,000

Price
Listing provided courtesy of CRMLS

241 W Tujunga Avenue is a two story, 15-unit apartment building in Burbank, CA. The property was built in 1963, sits on a 9,401 square feet lot and contains 12,730 total square footage. There is a very favorable unit mix of seven (7) one-bedroom /one-bathroom units, six (6) two-bedroom/two-bathroom units, one (1) three-bedroom/two-and-a-half bathroom unit, and one (1) three-bedroom/ three-bathroom unit.There have been multiple significant improvements to the building in recent years. Some of these include stucco repairs to the building's exterior and property block walls, repainting the outside of the building, replacing the front gutter, a new security gate at the front entrance, new landscaping, replacement of all exterior sconces and flush mount light fixtures, and replacement to many supply lines with copperplumbing.

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March, 2018
Mar 2, 2018

Date

Sold (Public Records)

Public Records

$4,000,000

Price

Tax History for 241 W Tujunga Ave

Assessed Value (2020): $4,161,600

Year	Land Value	Improved Value	Assessed Value
2020	$1,664,640	$2,496,960	$4,161,600

Home Value Compared to the Market

This property vs the competition

241 W Tujunga Ave sold on November 8, 2023 for 319.8% higher than the current median sold price for the city of Burbank which is $1,262,500. The median sold price per/sqft for Burbank is $739 and this home is sold at $414.39 per/sqft which puts the price per square foot 43.93% lower than the current median sale per square foot for the city of Burbank.

About 241 W Tujunga Ave

Detailed summary of property

241 W Tujunga Ave is a multi family that recently sold in Burbank, CA 91502. This multi family property offered 25 bedrooms, 23 bathrooms, roughly 12,790 living square feet, and sits on an approximately 9,401 square foot lot. 241 W Tujunga Ave was first listed on ArdentRealEstateGroup.com on October 21, 2021. The homeowner sold the property for $4,800,000. Home in Burbank are selling for a median price of $1,262,500 and a median price per square foot of $739. Based on Ardent Real Estate Group's Burbank Market Data, this home is sold 319.8% higher than the current median priced home. Local homes that are currently for sale include 548 N Westmoreland Ave, 204 N Manhattan Pl and 204 N Manhattan Pl. While the average home in Burbank, CA is selling in 64 days, 241 W Tujunga Ave has a days on market of 539 days. There are currently 126 homes for sale in the Burbank real estate market and 99 of them are single family homes while 18 of them are condos and 9 are townhomes. For more information on this home for sale at 241 W Tujunga Ave Burbank, CA 91502 contact Ardent Real Estate Group and we will put you in touch with one of our Burbank agents.

Public Facts for 241 W Tujunga Ave

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 12,790
Lot Size: 9,401
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 36
APN: 2451-018-072

The source for these homes facts are from public records.

91502 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$899,000

Median List Price/Sq.Ft.

$508

Median Sold Price

$635,000

Median Sold Price/Sq.Ft.

$518

Total Inventory

Median Sale to List Price %

99.37%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.