Keller Williams World Media Center - Burbank

MLS # BB17094310
Listing ID # 44937435
Price: $2,890,000
Year Built: 1962

Property Type: Multi Family
   602 E Tujunga Avenue
   Burbank, CA 91501

County: Los Angeles
Real Estate for Sale, ListingId:44937435, location: 602 E Tujunga Avenue Burbank 91501
Pristine landmark pride of ownership 8 unit apartment building above Glenoaks blvd in one of the City's best locations. This building includes Three large condo sized 2 bedroom 2 bath units with master suites, private patios, huge closets and nice kitchens with built ins. Five oversized 1 bedroom 1 bath units with large closets, eating areas, nice kitchens and extra storage. Two 1 bedroom units also have private patios. This building is not sandwiched between other buildings making each unit light and bright with some having views across town. This building offers 13 off street parking spaces which includes 8 covered spots. Also included is Huge storage room plus an oversized laundry room with 2 sets of Owner owned coin operated washers and dryers. This building has updated copper plumbing, a new exterior sewer line running to the alley, modern electrical and a history of very few problems or maintenance issues. This location is outstanding with public transportation steps away, the train stop just down the street and all of the fun of Downtown Burbank within easy walking distance. Nice long term tenants and only 1 lease, everyone else is month to month. Should the new owner choose to increase rents to Pro Forma or beyond they will receive a gross of over 170K a year and a CAP rate of more than 4.25%. The current First Trust Deed of about $467,000.00 may be assumable.

Offered by David Fogg of Keller Williams World Media Center - Burbank (818) 239-3500.

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Additional Features

  • Building Features
    • Cooling System: Wall or Window Air Conditioner(s)
    • Heating System: Wall Heating Unit
  • Community Info
    • Home Owner Asso.: Community Laundry Facility(s), Sidewalks, Street Lights
    • Laundry Facilities
  • Interior Features
    • Interior Construction: Ceiling Fan(s), Living Room, Mirrored closet(s)
  • Location
    • MLS Area: 610 - Burbank

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