NOT LISTED FOR SALE

1023 E Olive Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,522,000 - $1,812,000

3 Beds
2 Baths
1,775 Sq Ft
$937/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $949,000 $535 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $10,179/month

22 Days on Market

Highlights

  • Living Room with Fireplace
  • Spanish Architecture
  • Double Pane Windows
  • Ralph Emerson Elementary School Rated A-
  • Garage
  • Views

About This Home

As of December 2015

Perfectly situated near the peaceful and highly desirable Sunset Canyon area in Burbank Hills this picturesque property is a true gem. This home has been completely redone with truly no attention to detail spared. Fit for the lover of luxury and comfort this immaculate place will invite and entice you with its huge and beautifully appointed lush front yard, patterned concrete walkway, custom wrought iron fenced patio, and warmly hued exterior. Enter through its charming Spanish style door and experience an incredibly designed interior starting with its floor to ceiling style multi-windowed living room, grand chandelier and wall lighting in the dining room, gourmet kitchen, and luxurious master suite with bath. The huge private backyard can easily be transformed into any outdoor oasis envisioned. The two car garage has been pristinely redone both inside and out. The beauty of this rare home is beyond any description and will surely be appreciated in its entirety when seen.

Last Agent to Sell the Property

Harry Sourenian

Forbes Real Estate License #01207069 Listed on: 10/05/2015

Last Buyer's Agent

Rachel Bratakos

License #01978975

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,356

Year Built

  • Built in 1922

Lot Details

  • 7,669 Sq Ft Lot
  • Property is zoned BUR1YY

Parking

  • Garage

Home Design

  • Spanish Architecture
  • Clay Roof

Interior Spaces

  • 1,775 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Room
  • Laminate Flooring
  • Laundry Room
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2456-019-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,356

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1775
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Laminate
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 534.65
  • Windows: Double Pane Windows

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Clay
  • View: Yes

Garage/Parking

  • Parking Garage: Garage, Garage - 2 Car, Garage Is Detached

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 2456-019-009
  • Geocode Override: No
  • Lot Size Area: 7669

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2017
Sold by
Adams William and Ginestra Janelle
Bought by
Adams William and Ginestra Janelle
Current Estimated Value
$1,663,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 5, 2015
Closed on
Dec 2, 2015
Sold by
Regal Partners Llc
Bought by
Adams William and Ginestra Janelle
Seller's Agent
Harry Sourenian
Forbes Real Estate
Buyer's Agent
Rachel Bratakos
List Price
$979,000
Sold Price
$949,000
Premium/Discount to List
-$30,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$616,850
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2015
Closed on
Mar 31, 2015
Sold by
Cascadden Valerie Cook and Norma M Cook Trust
Bought by
Regal Partners Llc
Seller's Agent
Martin Geimer
Martin D. Geimer
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$825,000
Sold Price
$600,000
Premium/Discount to List
-$225,000
-27.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.30%
Original Mortgage
$480,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2014
Sold by
Cook Norma M and Norma M Cook Family Trust
Bought by
Cascadden Valerie Cook and Norma M Cook Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
3.05%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 13, 2001
Sold by
Cook Norma M and Cascadden Valarie C
Bought by
Cook Norma M and Norma M Cook Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 21, 2001
Sold by
Cook Norma M and Norma M Cook Family Trust
Bought by
Cook Norma M and Cascadden Valarie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 23, 1993
Sold by
Cook Norma M
Bought by
Cook Norma M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Adams William -- Pacific Coast Title Company
Adams William $949,000 Equity Title Company
Regal Partners Llc $600,000 Equity Title Company
Cascadden Valerie Cook -- First American Title Company
Cook Norma M -- Southland Title
Cook Norma M -- Southland Title
Cook Norma M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams William $872,000
Closed Adams William $750,000
Closed Adams William $616,850
Closed Adams William $237,250
Previous Owner Regal Partners Llc $480,000
Previous Owner Cascadden Valerie Cook $938,250
Previous Owner Cook Norma M $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2015 12/28/15 Sold $949,000 0.0% $535 / Sq Ft
10/13/2015 10/13/15 Price Changed $949,000 -3.1% $535 / Sq Ft
10/05/2015 10/05/15 For Sale $979,000 +63.2% $552 / Sq Ft
04/30/2015 04/30/15 Sold $600,000 -22.6% $338 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/18/2015 03/18/15 Price Changed $775,000 -6.1% $437 / Sq Ft
03/06/2015 03/06/15 For Sale $825,000 -- $465 / Sq Ft
Source: The MLS

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 $13,356 $1,221,078 $767,318 $453,760
2024 $13,356 $1,197,136 $752,273 $444,863
2023 $13,212 $1,173,664 $737,523 $436,141
2022 $11,620 $1,058,623 $634,727 $423,896
2021 $11,575 $1,037,867 $622,282 $415,585
2019 $11,105 $1,007,085 $603,826 $403,259
2018 $10,960 $987,339 $591,987 $395,352
2016 $10,488 $949,000 $569,000 $380,000
2015 $966 $83,185 $34,857 $48,328
2014 -- $81,557 $34,175 $47,382
Source: Public Records

Agents Affiliated with this Home

  • Harry Sourenian

    Seller's Agent in 2015

    Harry Sourenian

    Forbes Real Estate

    (323) 333-2721

    10 Total Sales

    Harry Sourenian
    Section Image

  • M

    Seller's Agent in 2015

    Martin Geimer

    Martin D. Geimer

    Section Image

  • R

    Buyer's Agent in 2015

    Rachel Bratakos

  • S

    Buyer's Agent in 2015

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 15-946889

The MLS

APN: 2456-019-009

California Los Angeles County Burbank 91501 Hillside District

1023 E Olive Ave, Burbank, CA

This home is located at 1023 E Olive Ave, Burbank, CA 91501 since 05 October 2015 and is currently estimated at $1,663,918, approximately $937 per square foot. This property was built in 1922. 1023 E Olive Ave is a home located in Los Angeles County with nearby schools including Ralph Emerson Elementary School, John Muir Middle School, and Burbank High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes