NOT LISTED FOR SALE

1024 W Palm Ave Burbank, CA 91506

Chandler Park Neighborhood

Estimated Value: $1,086,244 - $1,162,000

2 Beds
1 Bath
1,088 Sq Ft
$1,022/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $1,100,000 $1,011 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,332/month

17 Days on Market

Highlights

  • No HOA
  • Walt Disney Elementary School Rated A
  • 1-Story Property

About This Home

As of December 2024

BLACK FRIDAY SPECIAL!!!! Calling all builders, developers or anyone looking for a massive flat residential lot in Burbank with endless development possibilities. This lot measures 67 x 142 and is on the market for the first time in almost 45 years.

You could either build a massive luxury home and enjoy the huge frontage of 67 feet or investigate with the city about the possibility of a home, an ADU and 2 junior ADUs for a total of 4 units per SB9.

Last Agent to Sell the Property

Armen Vartanians

Prodigy Realty Group Inc. Brokerage Phone: 818-497-7223 License #01237707 Listed on: 11/22/2024

Last Buyer's Agent

Armen Vartanians

Prodigy Realty Group Inc. Brokerage Phone: 818-497-7223 License #01237707 Listed on: 11/22/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,048

Year Built

  • Built in 1937

Lot Details

  • 9,533 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned BUR1YY

Parking

  • 2 Car Garage

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 6 / 29
  • Tax Tract Number 22
  • Assessor Parcel Number 2446006003
  • $222 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,048

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: BUR1YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2446006003
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1088.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1011.03
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Burbank Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9533.00
  • Lot Size Acres: 0.2188

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9533.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 29
  • Tax Census Tract: 3108.00
  • Tax Lot: 6
  • Tax Tract Number: 22
  • TaxOtherAnnualAssessmentAmount: 222.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Dec 16, 2024
Sold by
Vincent Frank Wayne
Bought by
Oganesyan Oganes and Shamas Jennifer Stephanie
Seller's Agent
Armen Vartanians
Prodigy Realty Group Inc.
Buyer's Agent
Armen Vartanians
Prodigy Realty Group Inc.
List Price
$977,777
Sold Price
$1,100,000
Premium/Discount to List
$122,223
12.5%
Views
21
Current Estimated Value
$1,112,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,311
Avg. Annual Appreciation
-2.65%
Source: Public Records

Range of Values:

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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
Oganesyan Oganes $1,100,000 Chicago Title Company
Oganesyan Oganes $1,100,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vincent Frank Wayne $60,000
Previous Owner Frank Wayne Vincent $400,000
Previous Owner Frank Wayne Vincent $250,000
Previous Owner Frank Wayne Vincent $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,100,000 0.0% $1,011 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
12/06/2024 12/06/24 Off Market $1,100,000 -- --
11/22/2024 11/22/24 For Sale $977,777 -- $899 / 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
2024 $2,048 $166,434 $113,097 $53,337
2023 $2,028 $163,172 $110,880 $52,292
2022 $1,940 $159,973 $108,706 $51,267
2021 $1,927 $156,837 $106,575 $50,262
2019 $1,854 $152,187 $103,415 $48,772
2018 $1,781 $149,204 $101,388 $47,816
2016 $1,682 $143,411 $97,451 $45,960
2015 $1,650 $141,258 $95,988 $45,270
2014 $1,657 $138,492 $94,108 $44,384
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Armen Vartanians

    Prodigy Realty Group Inc.

    (818) 238-9277

    1 in this area

    28 Total Sales

    Armen Vartanians
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24239348

California Regional Multiple Listing Service (CRMLS)

APN: 2446-006-003

California Los Angeles County Burbank 91506 Chandler Park

1024 W Palm Ave, Burbank, CA

This home is located at 1024 W Palm Ave, Burbank, CA 91506 since 22 November 2024 and is currently estimated at $1,112,311, approximately $1,022 per square foot. This property was built in 1937. 1024 W Palm Ave is a home located in Los Angeles County with nearby schools including Walt Disney Elementary School, Dolores Huerta Middle School, and John Burroughs 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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