NOT LISTED FOR SALE

1212 N 3rd St Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $1,116,000 - $1,943,807

8 Beds
4 Baths
3,136 Sq Ft
$532/Sq Ft Est. Value

Last Sold June 13, 2012

Last sale price $750,000 $239 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $9,607/month

2 Days on Market

Highlights

  • Wood Flooring
  • Great Room
  • Laundry Room
  • Thomas Jefferson Elementary School Rated A
  • No HOA
  • 4-minute walk to McCambridge Park

About This Home

As of June 2012

This 4 Unit building is located at 1212 N 3rd St Burbank, California. This home is in the Burbank Unified School District. The nearest schools are Thomas Jefferson Elementary School, John Muir Middle School and Burbank High School. BEAUTIFUL 4 UNIT BUILDING FOR SALE IN THE HEART OF BURBANK Property offers beautiful kitchens and bathrooms, hardwood floors, new windows, copper plumbing, updated electrical, common laundry room, enclosed rear yard with sitting area. 4 car detached garages, balconies on the upper units. Exterior stucco and paint was completed in 1999. Rents low & all tenants on month to month lease. INCOME:

Rents: *** ALL UNITS ARE 2 BED + 1 BATH
UNIT 1 RENTS FOR $1360/MO.
UNIT 2 RENTS FOR $1275/MO.
UNIT 3 RENTS FOR $1300/MO.
UNIT 4 RENTS FOR $1275/MO.
WASHER/ DRYER INCOME $200/MO.
MONTHLY INCOME: $5,410

EXPENSE:
WATER/ELECTRIC: $140/MO.
GARDENER: $60/MO.

Last Agent to Sell the Property

Jason Sweet

Coldwell Banker Hallmark Realty License #01905416 Listed on: 02/06/2012

Coldwell Banker Hallmark Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,661 Sq Ft Lot
  • Land Lease

Parking

  • 4 Car Garage
  • On-Street Parking

Interior Spaces

  • 3,136 Sq Ft Home
  • Great Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, water
  • Tax Lot 10
  • Tax Tract Number 3548
  • Assessor Parcel Number 2460003008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Electric Expense $840
  • Gardener Expense $720
  • New Taxes Expense $10,199
  • Gross Income $5,210
  • Net Operating Income $60,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2460003008
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 239.16
  • Room Type: Great Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 7661.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Water

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 5210.00
  • Gross Scheduled Income: 62520.00
  • Lot Size Area: 7661.0000 Square Feet
  • Net Operating Income: 60120.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 5210.00

Tax Info

  • New Taxes Expense: 10199.00
  • Tax Lot: 10
  • Tax Tract Number: 3548
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
Jun 7, 2012
Sold by
Torres Christopher J and Torres Irma D
Bought by
Gukasyan Aram and Gukasyan Hovhannes
Seller's Agent
Jason Sweet
Coldwell Banker Hallmark Realty
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$1,669,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$919,702
Avg. Annual Appreciation
6.08%
Original Mortgage
$450,000
Outstanding Balance
$311,280
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,358,422

Purchase Details

Listed on
Feb 6, 2012
Closed on
May 29, 2012
Sold by
Simityan Perchuhi
Bought by
Gukasyan Aram
Seller's Agent
Jason Sweet
Coldwell Banker Hallmark Realty
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$311,280
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,358,422

Purchase Details

Closed on
Nov 21, 2005
Sold by
Torres Christopher J and Torres Irma D
Bought by
Bick Enterprises Llc

Purchase Details

Closed on
Mar 14, 2005
Sold by
Pellegrini Paolo and Pellegrini Maximiliano
Bought by
Torres Christopher J and Torres Irma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2003
Sold by
Pellegrini Paolo
Bought by
Pellegrini Paolo and Pellegrini Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2001
Sold by
Pellegrini Paolo and Pellegrini Floriana
Bought by
Pellegrini Paolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.63%

Purchase Details

Closed on
Sep 25, 1997
Sold by
Pellegrini Paolo and Pellegrini Floriana
Bought by
Pellegrini Paolo and Pellegrini Floriana

Purchase Details

Closed on
Oct 29, 1996
Sold by
Gonzalez Hector and Gonzalez Marisela
Bought by
Pellegrini Paolo and Pellegrini Floriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,257
Interest Rate
8.11%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 1995
Sold by
Burbank Third Street Associates
Bought by
Gonzalez Hector and Gonzalez Marisela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gukasyan Aram $750,000 Fidelity National Title Co
Torres Christopher J -- Fidelity National Title Co
Gukasyan Aram -- Fidelity National Title Co
Bick Enterprises Llc -- None Available
Torres Christopher J $980,500 Chicago Title Co
Pellegrini Paolo -- Chicago Title Co
Pellegrini Paolo -- Chicago Title Co
Pellegrini Maximiliano -- Chicago Title Co
Pellegrini Paolo -- Southland Title Corporation
Pellegrini Paolo -- Chicago Title Co
Pellegrini Paolo -- --
Pellegrini Paolo $287,000 Commonwealth Land Title Co
Gonzalez Hector $240,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Christopher J $450,000
Previous Owner Torres Christopher J $650,000
Previous Owner Pellegrini Paolo $332,000
Previous Owner Pellegrini Paolo $292,000
Previous Owner Pellegrini Paolo $275,257
Previous Owner Gonzalez Hector $196,000
Closed Torres Christopher J $232,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2012 06/13/12 Sold $750,000 +0.1% $239 / Sq Ft
02/08/2012 02/08/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $749,000 -- $239 / 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 $10,522 $942,032 $621,743 $320,289
2024 $10,522 $923,561 $609,552 $314,009
2023 $10,411 $905,452 $597,600 $307,852
2022 $9,943 $887,699 $585,883 $301,816
2021 $9,894 $870,295 $574,396 $295,899
2019 $9,497 $844,483 $557,360 $287,123
2018 $9,401 $827,926 $546,432 $281,494
2016 $8,915 $795,778 $525,214 $270,564
2015 $8,736 $783,825 $517,325 $266,500
2014 $8,731 $768,472 $507,192 $261,280
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jason Sweet

    Coldwell Banker Hallmark Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12016612

California Regional Multiple Listing Service (CRMLS)

APN: 2460-003-008

California Los Angeles County Burbank 91504 Hillside District

1212 N 3rd St, Burbank, CA

Not Listed for Sale

MultiFamily

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