NOT LISTED FOR SALE

1056 E Providencia Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,571,000 - $2,385,140

3 Beds
3 Baths
2,214 Sq Ft
$812/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $1,400,000 $632 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $11,050/month

8 Days on Market

Highlights

  • In Ground Pool
  • View of Hills
  • Fenced Yard
  • Joaquin Miller Elementary School Rated A-
  • Engineered Wood Flooring
  • Two Homes on a Lot

About This Home

As of April 2023

Outstanding investment opportunity to own two homes on a spacious lot (13,400+ sq. ft.) in highly sought after hillside neighborhood in Burbank! Great location near all major studios, Disney, Warner Bros, Universal and easy commute to downtown Los Angeles and Malibu beaches. This property includes two separate homes, both currently tenant occupied creating an immediate income stream. The front home at 1056 Providencia boasts newer floors, recently updated bathroom, two bedrooms, living room & bright, open kitchen with breakfast bar and slider from Primary to fully fenced private yard. The rear property has a separate mailing address at 1058 Providencia Ave. and consists of two bedrooms, (one used as an office/den,) living room with fireplace and one and 3/4 baths plus private fenced yard and in ground pool. So much potential here for investment or development on this deep lush lot in this quiet, wide street near Burbank Hills.

Last Agent to Sell the Property

Lisa Loprieno

Sotheby's International Realty License #01320888 Listed on: 03/27/2023

Sotheby's International Realty

Co-Listed By

Margaret Reifer

Sotheby's International Realty License #01817330

Last Buyer's Agent

Margaret Reifer

Berkshire Hathaway HomeServices License #01817330

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,019

Year Built

  • Built in 1972

Lot Details

  • 0.31 Acre Lot
  • Fenced Yard
  • Rectangular Lot

Home Design

  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,214 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Living Room with Fireplace
  • Engineered Wood Flooring
  • Views of Hills
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • On-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Utilities

  • Air Conditioning
  • Forced Air Heating System

Additional Features

  • Energy-Efficient Windows
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for trash, gas, electricity
  • Assessor Parcel Number 5620001012

Community Details

Overview

  • 2 Buildings

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,019

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Efficiency: Windows
  • Unit Levels: One
  • Prop. Type: Residential Income
  • Year Built: 1972
  • Lot Size Acres: 0.31
  • Co List Office Mls Id: V3982
  • Co List Office Phone: 805-495-2000
  • Subdivision Name: Other
  • Directions: S. Glenoaks to E. Providencia Ave. Property is on the right - 2 homes on one lot.
  • Building Stories: 1
  • General Property Information:Zoning2: BUR1
  • Property Info:View: Yes
  • Property Info:Pool: Yes
  • Property Info:Spa: No
  • Property Info:Fireplace: Yes
  • Doors:Sliding Glass Door(s): Yes
  • Exterior Construction:Stucco: Yes
  • Exterior Construction:Wood2: Yes
  • Foundation:Concrete Slab: Yes
  • Levels:One: Yes
  • Flooring:WoodWood Like: Yes
  • Cooling Type:Air Conditioning: Yes
  • General Property Information:Construction Status: Unknown
  • Pool Construction:In Ground: Yes
  • Lot Description:Fenced Yard: Yes
  • Lot Description:Yard: Yes
  • Sewer:Public Sewer: Yes
  • Lot Description:Fenced: Yes
  • Pool Description:Private Pool: Yes
  • View Type:Hills View: Yes
  • Laundry Locations:Laundry Area: Yes
  • Lot Description:Lot Shape-Rectangle: Yes
  • Other Property Features:Two on a Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace Features: Other, Living Room
  • Flooring: Wood/Wood Like, Other
  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Glass Door(s)
  • Fireplace: Yes
  • Living Area: 2214.0
  • ResoLivingAreaSource: Other
  • Fireplace Location:Living Room3: Yes
  • Fireplace Features:Other15: Yes
  • Fireplace Fuel:Other16: Yes

Exterior Features

  • Disclosures: Property As Is
  • View: Hills View
  • Lot Features: Curbs, Fenced, Fenced Yard, Lot Shape-Rectangle
  • Pool Features: Private Pool
  • Pool Private: Yes
  • View: Yes
  • Construction Type: Stucco, Wood
  • Foundation Details: Concrete Slab

Garage/Parking

  • ParkingSpacesInformationTotalOtherSpaces: 4.0
  • ParkingSpacesInformationTotalParkingSpaces: 4.0
  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Total Parking Spaces: 4.0
  • Parking Type:Carport: Yes
  • Parking Type:On Street: Yes
  • Parking Type:Parking Space: Yes
  • Parking Type:Private2: Yes

Utilities

  • Sewer: Other, Public Sewer
  • Cooling: Air Conditioning
  • Heating Yn: Yes
  • Heating: Forced Air
  • Laundry Features: Laundry Area
  • Heating Type:Forced Air: Yes

Schools

  • Junior High Dist: Burbank Unified

Lot Info

  • Lot Size Sq Ft: 13439.0
  • Parcel #: 5620001012
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Energy Efficient:Windows: Yes

Rental Info

  • Tenant Pays: Trash, Gas, Electricity

Multi Family

  • Number Of Units Leased: 2
  • Total Actual Rent: 6000.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 7, 2023
Sold by
Aroutionian Sousanna
Bought by
Simonyan Hayk
Seller's Agent
Lisa Loprieno
Sotheby's International Realty
Buyer's Agent
Margaret Reifer
Sotheby's International Realty
List Price
$120,000
Sold Price
$1,400,000
Premium/Discount to List
$1,280,000
1066.67%
Views
188
Current Estimated Value
$1,796,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,785
Avg. Annual Appreciation
10.91%
Original Mortgage
$1,120,000
Outstanding Balance
$1,091,239
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$705,546

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 5, 2023
Sold by
Pacific Zephyrs Trust
Bought by
Simonyan Hayk
Seller's Agent
Lisa Loprieno
Sotheby's International Realty
Buyer's Agent
Margaret Reifer
Sotheby's International Realty
List Price
$120,000
Sold Price
$1,400,000
Premium/Discount to List
$1,280,000
1066.67%
Views
188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Outstanding Balance
$1,091,239
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$705,546

Purchase Details

Closed on
Jan 17, 2013
Sold by
Butland Phyllis and Butland Terrol
Bought by
Butland Phyllis and Pacific Zephyrs Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2012
Sold by
Butland Terroll
Bought by
The Terrol Butland Living Trust

Purchase Details

Closed on
Jun 19, 2008
Sold by
Butland Phyllis
Bought by
Butland Phyllis and The Pacific Zephyrs Trust

Purchase Details

Closed on
Apr 2, 2004
Sold by
Butland Terrol and Butland Phyllis
Bought by
Butland Terrol and Butland Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.57%
Mortgage Type
New Conventional
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
Simonyan Hayk -- Equity Title Company
Simonyan Hayk $1,400,000 Equity Title
Butland Phyllis -- Accommodation
Butland Phyllis -- Lsi
The Terrol Butland Living Trust -- None Available
Butland Phyllis -- None Available
Butland Terrol -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simonyan Hayk $1,120,000
Closed Simonyan Hayk $1,120,000
Previous Owner Butland Phyllis $160,000
Previous Owner Butland Phyllis $70,000
Previous Owner Butland Terrol $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $1,400,000 +16.7% $632 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
04/04/2023 04/04/23 Off Market $1,200,000 -- --
03/27/2023 03/27/23 Price Changed $1,200,000 +900.0% $542 / Sq Ft
03/27/2023 03/27/23 For Sale $120,000 -- $54 / Sq Ft
Source: Conejo Simi Moorpark Association of REALTORS®

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 $16,019 $1,456,560 $1,029,996 $426,564
2024 $16,019 $1,428,000 $1,009,800 $418,200
2023 $5,773 $490,081 $326,725 $163,356
2022 $5,517 $480,472 $320,319 $160,153
2021 $5,487 $471,052 $314,039 $157,013
2020 $5,426 $466,223 $310,819 $155,404
2019 $5,270 $457,082 $304,725 $152,357
2018 $5,156 $448,120 $298,750 $149,370
2016 $4,883 $430,721 $287,150 $143,571
2015 $4,786 $424,252 $282,837 $141,415
2014 $4,786 $415,942 $277,297 $138,645
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lisa Loprieno

    Sotheby's International Realty

    (805) 405-0747

    1 in this area

    27 Total Sales

    Lisa Loprieno
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Margaret Reifer

    Sotheby's International Realty

    Section Image
See All Agents

Map

Source: Conejo Simi Moorpark Association of REALTORS®

MLS Number: 223001116

Conejo Simi Moorpark Association of REALTORS®

APN: 5620-001-012

California Los Angeles County Burbank 91501 Hillside District

1056 E Providencia Ave, Burbank, CA

This home is located at 1056 E Providencia Ave, Burbank, CA 91501 since 27 March 2023 and is currently estimated at $1,796,785, approximately $811 per square foot. This property was built in 1972. 1056 E Providencia Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller 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.

Conejo Simi Moorpark Association of REALTORS® 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