723 E Tujunga Avenue, Burbank, California 91501, Burbank, 91501 - 0 bed, 0 bath
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Burbank, California 91501
This Quadruplex Investment with Owner-User Potential is listed at $2,445,000, representing a premium asset in the "Media Capital of the World." While the $2,247,671 Fair Market Value reflects current market data, the property’s unique configuration—featuring a Detached House Unit and three additional 2-bedroom, 2-bathroom units—offers rare flexibility for long-term growth. With a Condition Rating of 4, the well-maintained 1970s-era building provides a stable foundation near Disney and Warner Bros Studios. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand "house hack" in a top-tier rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 723 E Tujunga Avenue Subject | $2,445,000* List Price | 0 | 0 | 4,668 | $482 | - |
A 710 E Olive Avenue Sold | $2,100,000 | 0 | 0 | 4,820 | $436 | 0.1 mi |
B 701 N 6th Active | $1,875,000 List Price | 0 | 0 | 2,978 | $630 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
Proximity to major employers like Disney, Warner Brothers, and NBC ensures a consistent, high-quality tenant pool from the entertainment and media sectors.
The property was recently sold within the past year on 2025-04-25. The sold price is $2,010,000.00.
Given the building's age, investors should anticipate potential capital expenditures for system upgrades or modernization to maintain its competitive edge against newer developments.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,668 | 4,744 | 50% |
| Lot Size | 7,753 | 7,633.5 | 50% |
| Price | $2.44M | $2.27M | 50% |
| Price per sq ft | $524 | $480 | 50% |
| Built year | 1970 | 1971 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 164 | 50% |
Feb 17, 2026
$2,445,000
Initial Listing
Apr 25, 2025
$2,010,000
Public Record