tomo logo

$2,650,000

Beds
Unknown
sq ft
Unknown

235 W Tujunga Ave, Burbank, CA 91502

235 W Tujunga Ave

Burbank, CA 91502

  • 22 days on market
Each thoughtfully designed unit comes complete with its own designated parking spot. The building boasts full copper plumbing and energy-efficient dual-pane windows, and a freshly paved asphalt driveway. Newly updated doors grace each unit, while the pristine stucco exterior and fresh coat of paint radiate irresistible curb appeal. Sleek new fascia and gutters elevate the aesthetic.Beyond the stunning surface lies a foundation of substance - the electrical system has been expertly updated to meet today's rigorous standards. Convenience reigns supreme with a community laundry facility at every resident's fingertips, transforming chore day into a delightful breeze. The crown jewel? A charming front unit - a single-family home boasting two cozy bedrooms, one pristine bathroom, its own water heater, and a private laundry room. Meanwhile, the seven rear units share a brand-new commercial water heater and offer designated storage for each tenant's treasures.Seize this rare opportunity to claim a meticulously maintained apartment building in Burbank's vibrant core. This isn't just an investment - it's a lifestyle, delivering unparalleled comfort and convenience for tenants while promising a steady stream of passive income for you. With TWO UNITS soon to be vacant, the potential to enhance value and maximize returns is yours for the taking.

Details

Property type

Apartment

Lot size

9,405 sq ft

Price per sq ft

Unknown

Year built

1962

Price History

03/13/2025
CRMLS

CRMLS #P1-21271

Listed
$2,650,000
-5.36%
09/27/2024
CRMLS

CRMLS #P1-17463

Removed
$2,800,000
06/08/2024
CRMLS

CRMLS #P1-17463

Price change
$2,800,000
-6.67%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,056,526
Asking price
$2,650,000
Closing costs (~8% of asking)
-$212,000
Est. remaining loan balance
-$381,474
Cash to seller
$2,056,526

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Arcstone Financial Inc

Loan start date

May 2022

Original loan amount

$400,000

Est. remaining balance

$381,474

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Larry Stonebraker and Larry And Sandy Stonebraker Living Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 7:55 PM

Listing updated: 03/14/2025 at 4:39 PM

Listed by: Amy Weber, COMPASS Phone #: (626) 205-4040

MLS: CRMLS #P1-21271

CRMLS logo

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