NOT LISTED FOR SALE

1028 W Angeleno Ave Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $1,588,916 - $1,713,000

4 Beds
3 Baths
2,175 Sq Ft
$766/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $1,295,000 $595 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,350/month

8 Days on Market

Highlights

  • No Units Above
  • Property is near public transit
  • Wood Flooring
  • Walt Disney Elementary School Rated A
  • Traditional Architecture
  • 4-minute walk to George Izay Park

About This Home

As of May 2021

Excellent opportunity to own a triplex in highly sought after Burbank. Built in 1948, this multi-family investment contains 2,175 sf of living area on a 7,030 sf lot. The subject property features three (3) well maintained and charming ground floor units consisting of two (2) 1 BR/1 BA units and one (1) 2 BR/1 BA unit. All three units contain central air & heat, ceiling fans, exposed hardwood floors, tiled kitchen and bathroom floors, separate water heaters, and private front and rear entry doors. The rear two-bedroom unit (Unit C) was updated in 2006 and contains a granite countertop and breakfast bar, formal dining room, and private rear patio. Two of the three units contain dishwashers and garbage disposals. A three-car garage is located at the rear of the property and allows for three additional off-street parking spaces. The property has a common area laundry room with coin-operated Maytag washer and dryer (owned and will convey with sale). Two tenants are currently month-to-month with the third tenant (Unit B) and lease extending until October 2021. Exceptional rental and conveniently located in close proximity to studios, freeways, Burbank Town Center, Empire Center, Costco, Downtown Burbank Metrolink Station, and George Izay/Olive Park.

Last Agent to Sell the Property

Steve Marx

Core Real Estate License #01209799 Listed on: 04/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,459

Year Built

  • Built in 1948

Lot Details

  • 7,030 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinklers on Timer
  • Front Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Three Garage Doors
  • Driveway Level
  • Off-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Screens
  • Living Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Ceramic Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 29
  • Tax Tract Number 3910
  • Assessor Parcel Number 2446029005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $600
  • Insurance Expense $1,750
  • Maintenance Expense $1,800
  • Trash Expense $720
  • Water Sewer Expense $600
  • New Taxes Expense $14,375
  • Operating Expense $21,385
  • Gross Income $64,500
  • Net Operating Income $42,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,459

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.37
  • Inclusions: Coin-operated Maytag washer & dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 600.00
  • Zoning: BUR3*
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2446029005
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Formica Counters, Granite Counters, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 595.40
  • Room Type: Galley Kitchen, Laundry, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Paved, Driveway Level, Garage Faces Side, Garage - Three Door, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers Timer, Utilities - Overhead
  • Lot Size Sq Ft: 7030.00
  • Lot Size Acres: 0.1614

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 637 Square Feet
  • Average2 Bed Area: 902 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 64500.00
  • Gross Multiplier: 19.38
  • Gross Operating Income: 62565.00
  • Gross Scheduled Income: 64500.00
  • Insurance Expense: 1750.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 900.00
  • Lot Size Area: 7030.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Maintenance Percent: 2.84
  • Net Operating Income: 42080.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 21385.00
  • Operating Expense Percent: 33.70
  • Rent Control: Yes
  • Total Actual Rent: 64500.00
  • Total Expenses: 21385.00
  • Vacancy Allowance: 1935
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14375.00
  • Tax Census Tract: 3108.00
  • Tax Lot: 29
  • Tax Tract Number: 3910

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 25, 2021
Sold by
Sama Swetha
Bought by
Koppunuru Deepesh Kumar
Seller's Agent
Steve Marx
Core Real Estate
List Price
$1,250,000
Sold Price
$1,295,000
Premium/Discount to List
$45,000
3.6%
Current Estimated Value
$1,666,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,479
Avg. Annual Appreciation
6.11%
Original Mortgage
$750,000
Outstanding Balance
$681,545
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$984,934

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 20, 2021
Sold by
Lau Gelon and Lau Jeanine Hankins
Bought by
Koppunuru Deepesh Kumar
Seller's Agent
Steve Marx
Core Real Estate
List Price
$1,250,000
Sold Price
$1,295,000
Premium/Discount to List
$45,000
3.6%

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
Outstanding Balance
$681,545
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$984,934

Purchase Details

Closed on
Feb 5, 2016
Sold by
Lau Gelon and Lau Jeanine Hankins
Bought by
Gelon Lau and Gelon Jeanine Hankins

Purchase Details

Closed on
Nov 20, 2015
Sold by
Lau Gelon and Lau Jeanine Hankins
Bought by
Gelon Lau and Gelon Jeanine Hankins

Purchase Details

Closed on
Sep 14, 2004
Sold by
Lau Gelon
Bought by
Lau Gelon

Purchase Details

Closed on
May 18, 2004
Sold by
Lau Sharon
Bought by
Lau Gelon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2004
Sold by
Schmolka Eric and Schmolka Marcela
Bought by
Lau Gelon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2003
Sold by
Nadal Mercedes B
Bought by
Schmolka Eric and Schmolka Marcela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
5.85%

Purchase Details

Closed on
May 6, 1999
Sold by
Saab Claudia
Bought by
Nadal Francisco and Nadal Mercedes B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
6.94%
Source: Public Records

Range of Values:

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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
Koppunuru Deepesh Kumar -- Fidelity Sherman Oaks
Koppunuru Deepesh Kumar $1,295,000 Fidelity National Title Co
Gelon Lau -- None Available
Gelon Lau -- None Available
Lau Gelon -- --
Lau Gelon -- Alliance Title Company
Lau Gelon $618,000 Alliance Title Company
Schmolka Eric $426,000 First American Title Co
Nadal Francisco $7,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koppunuru Deepesh Kumar $750,000
Previous Owner Lau Gelon $296,100
Previous Owner Lau Gelon $308,000
Previous Owner Lau Gelon $320,000
Previous Owner Schmolka Eric $319,500
Previous Owner Nadal Francisco $171,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $1,295,000 +3.6% $595 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $1,250,000 -- $575 / 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 $15,459 $1,401,748 $838,884 $562,864
2024 $15,459 $1,374,264 $822,436 $551,828
2023 $15,295 $1,347,318 $806,310 $541,008
2022 $14,603 $1,320,900 $790,500 $530,400
2021 $9,373 $822,813 $462,349 $360,464
2020 $9,270 $814,577 $457,609 $356,968
2019 $8,998 $798,610 $448,637 $349,973
2018 $8,833 $782,956 $439,841 $343,115
2016 $8,385 $752,362 $422,762 $329,600
2015 $8,216 $741,062 $416,412 $324,650
2014 $8,205 $726,547 $408,256 $318,291
Source: Public Records

Agents Affiliated with this Home

  • Steve Marx

    Seller's Agent in 2021

    Steve Marx

    Core Real Estate

    (818) 640-6265

    3 in this area

    18 Total Sales

    Steve Marx
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21080143

California Regional Multiple Listing Service (CRMLS)

APN: 2446-029-005

California Los Angeles County Burbank 91506 Rancho Adjacent

1028 W Angeleno Ave, Burbank, CA

This home is located at 1028 W Angeleno Ave, Burbank, CA 91506 since 16 April 2021 and is currently estimated at $1,666,479, approximately $766 per square foot. This property was built in 1948. 1028 W Angeleno 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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