NOT LISTED FOR SALE

1007 E Angeleno Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,299,000 - $1,481,000

7 Beds
5 Baths
3,580 Sq Ft
$388/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $1,650,000 $461 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $8,171/month

317 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Rectangular Lot
  • Joaquin Miller Elementary School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of April 2023

If you are handy and willing to put in some sweat equity, this could be an investment of a lifetime! Burbank is and will most likely always be one of the highest demand, small self incorporated cities in L.A. EZ freeway access to everywhere, multiple studios within miles, it attracts great demand and dictates high rents. This family owned property needs some TLC and management. Good quiet, yet EZ to access location. Fully rented and 100% occupied, a movement to upgrade the units and rerent at fair market rent would pay back tremendously.

Last Agent to Sell the Property

Stephen Patronete

Keller Williams Exclusive Properties License #00965751 Listed on: 05/18/2022

Keller Williams Exclusive Properties

Last Buyer's Agent

Levon Yengibaryan

Coldwell Banker Hallmark License #01887345

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,845 Sq Ft Lot
  • Rectangular Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Stucco

Interior Spaces

  • 3,580 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Cooling Available

Listing and Financial Details

  • Assessor Parcel Number 2446027022

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Not Applicable 1007242 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • View: No
  • Zoning: BUR3*
  • Property Type: Residential Income
  • Parcel Number: 2446027022
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Living Area: 3580.00
  • Stories: 2
  • Flooring: Carpet
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Levels: Two

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8845.00
  • Lot Size Acres: 0.2031

Multi Family

  • Lot Size Area: 8845.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2020
Sold by
Zakarian Vahan and Mikayelyan Adrine
Bought by
Zakarian Vahan
Current Estimated Value
$1,388,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$596,669
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$791,425

Purchase Details

Closed on
Mar 11, 2020
Sold by
Zakarian Vahan
Bought by
Zakarian Vahan and Mikayelyan Adrine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$596,669
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$791,425

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jul 5, 2019
Sold by
Zakarian Vahan
Bought by
Zakarian Vahan and Mikayelyan Adrine
Seller's Agent
Poupee Komenkul
Rodeo Realty
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$895,000
Sold Price
$900,000
Premium/Discount to List
$5,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 29, 2019
Sold by
Mikayelyan Adrine
Bought by
Zakarian Vahan
Seller's Agent
Poupee Komenkul
Rodeo Realty
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$895,000
Sold Price
$900,000
Premium/Discount to List
$5,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 8, 2019
Sold by
Guyudzhyan David and Hagopian Tamar
Bought by
Zakarian Vahan
Seller's Agent
Poupee Komenkul
Rodeo Realty
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$895,000
Sold Price
$900,000
Premium/Discount to List
$5,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2015
Sold by
Hagopian Marie
Bought by
Guyudzhyan David and Hagopian Tamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2014
Sold by
Glover Jeffery Allen and The Glover Family Trust
Bought by
Guyudzhyan David and Hagopian Tamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,643
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2007
Sold by
Glover Jeffery Allen
Bought by
Glover Jeffery Allen and The Glover Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zakarian Vahan -- Equity Title Company
Zakarian Vahan -- Equity Title Company
Zakarian Vahan -- None Available
Zakarian Vahan -- Pacific Coast Title Company
Zakarian Vahan $900,000 Pacific Coast Title Company
Guyudzhyan David -- Lawyers Title
Guyudzhyan David $550,000 Fidelity National Title
Glover Jeffery Allen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zakarian Vahan $675,000
Closed Zakarian Vahan $675,000
Previous Owner Guyudzhyan David $523,000
Previous Owner Guyudzhyan David $531,643
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2023 04/03/23 Sold $1,650,000 -10.8% $461 / Sq Ft
06/29/2022 06/29/22 Price Changed $1,849,000 -7.3% $516 / Sq Ft
05/26/2022 05/26/22 Price Changed $1,995,000 -18.2% $557 / Sq Ft
05/18/2022 05/18/22 For Sale $2,440,000 +171.1% $682 / Sq Ft
05/21/2019 05/21/19 Sold $900,000 +0.6% $718 / Sq Ft View Prior Sale
04/03/2019 04/03/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $895,000 -- $714 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,034 $1,003,963 $803,171 $200,792
2024 $11,034 $984,278 $787,423 $196,855
2023 $10,917 $964,980 $771,984 $192,996
2022 $10,420 $946,060 $756,848 $189,212
2021 $10,384 $927,510 $742,008 $185,502
2019 $2,746 $650,495 $520,399 $130,096
2018 $7,082 $637,742 $510,196 $127,546
2016 $6,802 $612,981 $490,386 $122,595
2015 $6,200 $560,988 $448,791 $112,197
2014 $2,390 $212,272 $96,529 $115,743
Source: Public Records

Agents Affiliated with this Home

  • Stephen Patronete

    Seller's Agent in 2023

    Stephen Patronete

    Keller Williams Exclusive Properties

    (805) 522-5050

    3 in this area

    39 Total Sales

    Stephen Patronete
    Section Image
  • Levon Yengibaryan

    Buyer's Agent in 2023

    Levon Yengibaryan

    Coldwell Banker Hallmark

    (818) 415-0147

    7 in this area

    67 Total Sales

    Levon Yengibaryan
    Section Image
  • Poupee Komenkul

    Seller's Agent in 2019

    Poupee Komenkul

    Rodeo Realty

    (818) 482-0085

    139 Total Sales

    Poupee Komenkul
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: 222002121

Ventura County Regional Data Share

APN: 2456-022-017

California Los Angeles County Burbank 91501 Hillside District

1007 E Angeleno Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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