L
Seller's Agent in 2023
Leilani Tedeski
Keller Williams Realty-Studio City
(818) 212-2700
1 in this area
2 Total Sales
1205 W Burbank Blvd Burbank, CA 91506
Northwest District NeighborhoodEstimated Value: $778,000 - $936,142
2
Beds
2
Baths
1,102
Sq Ft
$770/Sq Ft
Est. Value
Highlights
- Fireplace in Bathroom
- No HOA
- Cooling System Mounted To A Wall/Window
- Thomas Edison Elementary School Rated A
- Side by Side Parking
- 2 Car Garage
About This Home
As of September 2023MAJOR FIXER!! SELLER WILL FINANCE!! Rare opportunity for investor, contractor or owner/user with DIY skills and determination. Property zoned BUR4*!! Duplex consists of two 1 bedroom, 1 bath units. Tenants are on month-to-month leases (one tenant is Section 8). Best priced duplex in Burbank. This property will go quickly so RUN, don’t walk!
Additional income potential by converting detached, alley accessible 2-car garage into 1 or 2 additional units as ADUs (verify with Burbank City Building Department). Plumbing connection located at garage. Tremendous upside in rents plus grow current income by adding ADUs. Construct a small laundry room on the property to generate additional income as well as convenience for tenants. Very conservative pro forma cap rate of 5.14% / GRM of only 14.09!
Highly desirable northwest Burbank neighborhood near 5 Points Monument. Abundant and convenient public transportation offerings within short walking distance. Walk Score is 76! Costco, quick service and numerous local restaurants, multiple national retailers all located within walking distance. Minutes to I-5 freeway. Convenient public bus transportation located at the corner and across the street. One mile walk to Burbank Metrolink Station. A short hop, skip, jump to 5 Points Monument. Chandler bike path is only a few blocks away as well.
Last Agent to Sell the Property
Keller Williams Realty-Studio City License #01405073 Listed on: 08/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,974
Year Built
- Built in 1951
Lot Details
- 2,502 Sq Ft Lot
- 1 Common Wall
- South Facing Home
- Wood Fence
- Block Wall Fence
- Chain Link Fence
- Level Lot
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
- Rear-Facing Garage
- Side by Side Parking
- Two Garage Doors
Home Design
- Duplex
- Major Repairs Completed
- Fixer Upper
- Raised Foundation
- Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 1,102 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Family Room with Fireplace
- Fireplace in Kitchen
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
- Fireplace in Bathroom
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Tax Lot 11
- Tax Tract Number 9458
- Assessor Parcel Number 2438031006
- $161 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Gardener Expense $600
- Insurance Expense $550
- Maintenance Expense $1,000
- Other Expense $1,400
- Pest Control $500
- Professional Management Expense $900
- Water Sewer Expense $800
- New Taxes Expense $7,947
- Operating Expense $13,697
- Gross Income $27,960
- Net Operating Income $13,703
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 2023
Sold by
Concepcion Donald E and Concepcion Martin
Bought by
3715 Victory Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 25, 2013
Sold by
Martin Donald E and Martin Concepcion
Bought by
The Donald E Martin & Concepcion Martin
Purchase Details
Closed on
Apr 4, 1992
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E and Martin Concepcion
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3715 Victory Llc | $710,000 | Corinthian Title Company | |
| The Donald E Martin & Concepcion Martin | -- | None Available | |
| Martin Donald E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 3715 Victory Llc | $603,500 | |
| Previous Owner | Martin Donald E | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $710,000 | -6.2% | $644 / Sq Ft |
| 08/30/2023 08/30/23 | Price Changed | $756,900 | 0.0% | $687 / Sq Ft |
| 08/08/2023 08/08/23 | For Sale | $756,900 | -- | $687 / Sq Ft |
| 05/15/2023 05/15/23 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,967 | $724,200 | $612,000 | $112,200 |
| 2024 | $7,967 | $710,000 | $600,000 | $110,000 |
| 2023 | $2,082 | $172,223 | $66,971 | $105,252 |
| 2022 | $1,988 | $168,847 | $65,658 | $103,189 |
| 2021 | $1,975 | $165,537 | $64,371 | $101,166 |
| 2019 | $1,898 | $160,628 | $62,462 | $98,166 |
| 2018 | $1,843 | $157,480 | $61,238 | $96,242 |
| 2016 | $1,740 | $151,366 | $58,861 | $92,505 |
| 2015 | $1,706 | $149,093 | $57,977 | $91,116 |
| 2014 | $1,713 | $146,174 | $56,842 | $89,332 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Buyer's Agent in 2023
Erika De Leon
The Core Agency
(818) 252-9174
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR23147279
APN: 2438-031-006
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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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