723 E Tujunga Avenue, Burbank, California 91501, Burbank, 91501 - bed, bath
723 E Tujunga Avenue
Burbank, California 91501
Property Price
SUMMARY
Analysis of 723 E Tujunga Avenue, Burbank, California 91501 is currently available with a list price of $2,445,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Burbank Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1970, this four-unit property is well-maintained but shows significant signs of its age. The kitchens and bathrooms feature dated cabinetry, older laminate or tile surfaces, and standard appliances that lack modern updates. While the property is functional and move-in ready for tenants, it has not undergone a comprehensive recent renovation, placing it firmly in the fair category due to its 50-plus-year-old systems and aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Uniform High-Demand Unit Mix
The property consists entirely of 2-bedroom, 2-bathroom units, which are the most sought-after configuration for families and professional roommates in the Burbank rental market.
- Unique Detached House Unit
One of the four units is a standalone house, providing a rare 'owner-user' opportunity or a premium rental that commands higher lease rates and attracts long-term tenants.
- Strategic Media Capital Location
Proximity to major employers like Disney, Warner Brothers, and NBC ensures a consistent, high-quality tenant pool from the entertainment and media sectors.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-04-25. The sold price is $2,010,000.00.
- 1970s Era Construction
Given the building's age, investors should anticipate potential capital expenditures for system upgrades or modernization to maintain its competitive edge against newer developments.
- High Acquisition Cost
At a list price of $2,445,000, the high price-per-unit may result in a lower initial capitalization rate, requiring a long-term hold strategy to realize significant returns.
About 723 E Tujunga Avenue
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. 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1970
- Lot Size
- 7,753 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,668 | 4,584 | 50% |
| Lot Size | 7,753 | 7,505 | 75% |
| Price | $2.44M | $2.05M | 75% |
| Price per sq ft | $524 | $444 | 75% |
| Built year | 1970 | 1974 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 270 | 25% |
Pricing History
Listed for Sale
Feb 17, 2026
$2,445,000
Initial Listing
Sold
Apr 25, 2025
$2,010,000
Public Record