NOT LISTED FOR SALE

1015 S Bruce Ln Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,343,255 - $1,539,000

6 Beds
3 Baths
2,508 Sq Ft
$572/Sq Ft Est. Value

Last Sold January 06, 2012

Last sale price $575,000 $229 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $8,084/month

23 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • No HOA
  • William McKinley Elementary School Rated A-
  • Wood Flooring
  • Two Homes on a Lot

About This Home

As of January 2012

Great central Burbank location, three conforming units, one unit is a house with two bedrooms plus one bath, one unit is two bedrooms plus one bath, there is one unit above the garage with two bedrooms plus one bath, and there is a storage room, this is a short sale transaction, all conditions including price and agents commissions are subject to lien holder's approval.

Last Agent to Sell the Property

Anthony Esguerra

Ancris Enterprises, Inc. License #01227654 Listed on: 07/25/2011

Ancris Enterprises, Inc.

Last Buyer's Agent

Rafael Ortega

JohnHart Real Estate License #01790501

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,726

Home Design

  • 2,508 Sq Ft Home
  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Stucco

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Additional Features

  • 7,726 Sq Ft Lot
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 13
  • Tax Tract Number 12483
  • Assessor Parcel Number 5625017013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $780
  • Insurance Expense $780
  • Maintenance Expense $600
  • Water Sewer Expense $720
  • New Taxes Expense $6,900
  • Gross Income $3,820
  • Net Operating Income $3,685

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • View: No
  • Water Sewer Expenses: 720.00
  • Zoning: Bur4
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 5625017013
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 229.27
  • Room Type: All Bedrooms Down

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Sewer Paid
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7726.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 850
  • Electric Expense: 840.00
  • Gross Income: 3820.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 45840.00
  • Insurance Expense: 780.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7726.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 3685.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 7620.00
  • Rent Control: No
  • Total Actual Rent: 4470.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6900.00
  • Tax Area: 2530
  • Tax Lot: 13
  • Tax Rate: 1.25
  • Tax Tract Number: 12483
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2012
Sold by
Andrikian Paul and Andrikian Karineh
Bought by
Green Apple Tree Investments Llc
Current Estimated Value
$1,433,814

Purchase Details

Closed on
Jun 14, 2012
Sold by
Green Apple Tree Investments Llc
Bought by
Andrikian Paul and Andrikian Karinch

Purchase Details

Listed on
Jul 25, 2011
Closed on
Dec 22, 2011
Sold by
Torres Irma D
Bought by
Andrikian Paul and Andrikian Karineh
Seller's Agent
Anthony Esguerra
Ancris Enterprises, Inc.
Buyer's Agent
Rafael Ortega
JohnHart Real Estate
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%

Purchase Details

Listed on
Jul 25, 2011
Closed on
Dec 8, 2011
Sold by
Andrikian Paul and Andrikian Karineh
Bought by
Green Apple Tree Investments Llc
Seller's Agent
Anthony Esguerra
Ancris Enterprises, Inc.
Buyer's Agent
Rafael Ortega
JohnHart Real Estate
List Price
$575,000
Sold Price
$575,000

Purchase Details

Closed on
Jan 31, 2007
Sold by
Torres Irma D
Bought by
Bick Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2006
Sold by
Torres Christopher J
Bought by
Torres Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2006
Sold by
Bick Enterprises Llc
Bought by
Torres Christopher J and Torres Irma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2005
Sold by
Torres Christopher J and Torres Irma D
Bought by
Bick Enterprises Llc

Purchase Details

Closed on
Apr 20, 2001
Sold by
Bedrossian Vicken and Bedrossian Vilma
Bought by
Torres Christopher J and Torres Irma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,500
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Green Apple Tree Investments Llc -- Lsi
Andrikian Paul -- None Available
Andrikian Paul -- Fidelity National Title Co
Green Apple Tree Investments Llc -- None Available
Torres Irma D -- Fidelity National Title Co
Torres Irma D -- Fidelity National Title Co
Bick Enterprises Llc -- Accommodation
Torres Irma -- Alliance Title
Torres Christopher J -- Alliance Title
Bick Enterprises Llc -- None Available
Torres Christopher J $352,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Irma $706,000
Previous Owner Torres Christopher J $281,500
Closed Torres Christopher J $52,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2012 01/06/12 Sold $575,000 0.0% $229 / Sq Ft
08/17/2011 08/17/11 Pending -- -- --
07/25/2011 07/25/11 For Sale $575,000 -- $229 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,128 $628,014 $439,613 $188,401
2024 $7,128 $615,701 $430,994 $184,707
2023 $7,054 $603,630 $422,544 $181,086
2022 $6,740 $591,795 $414,259 $177,536
2021 $6,705 $580,192 $406,137 $174,055
2019 $6,439 $562,986 $394,092 $168,894
2018 $6,320 $551,948 $386,365 $165,583
2016 $5,988 $530,517 $371,363 $159,154
2015 $5,869 $522,549 $365,785 $156,764
2014 $5,869 $512,314 $358,620 $153,694
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Anthony Esguerra

    Ancris Enterprises, Inc.

    Section Image

  • R

    Buyer's Agent in 2012

    Rafael Ortega

    JohnHart Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B11096282

California Regional Multiple Listing Service (CRMLS)

APN: 5625-017-013

California Los Angeles County Burbank 91502 Rancho Adjacent

1015 S Bruce Ln, Burbank, CA

Not Listed for Sale

MultiFamily

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