NOT LISTED FOR SALE

12960 Burbank Blvd Sherman Oaks, CA 91401

Estimated Value: $1,096,000 - $1,397,701

5 Beds
3 Baths
2,250 Sq Ft
$548/Sq Ft Est. Value

Last Sold October 24, 2012

Last sale price $441,400 $196 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $8,379/month

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wall Furnace
  • Ulysses S. Grant Senior High School Rated A-
  • Level Lot

About This Home

As of October 2012

Good, solid residential income building. Three unit building in good rental area at the northern boundary of Sherman Oaks. Three units with a three car garage. Some deferred maintenance. Near Valley College and both the 170 and 101 Freeways.

Last Agent to Sell the Property

Timothy Finn

Pinnacle Estate Properties, Inc. License #01204809 Listed on: 07/31/2012

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Tamara Tambe

Pinnacle Estate Properties, Inc. License #01793556

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,064

Year Built

  • Built in 1952

Lot Details

  • 7,509 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 2,250 Sq Ft Home
  • Ranch Style House
  • Fixer Upper
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 4
  • Tax Tract Number 17954
  • Assessor Parcel Number 2345007005

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $1,400
  • Trash Expense $1,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,518
  • Gross Income $3,790
  • Net Operating Income $34,080

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,064

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: RD1.5
  • Architectural Style: Ranch
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 2345007005
  • Year Built: 1952
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: One
  • Price Per Square Foot: 196.18
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1400.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 7509.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 3790.00
  • Gross Scheduled Income: 45480.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7509.0000 Square Feet
  • Net Operating Income: 34080.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11400.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5518.00
  • Tax Lot: 4
  • Tax Tract Number: 17954
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2016
Sold by
Newman Douglas
Bought by
Barnes Jacob and Barnes Inessa
Current Estimated Value
$1,346,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2012
Sold by
Mcgregor Kelli Clayton
Bought by
Newman Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2006
Sold by
Warren Kelli
Bought by
Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,500
Interest Rate
1.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2006
Sold by
Warren Kelli
Bought by
Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 20, 2004
Sold by
Warren Dan R
Bought by
Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 2002
Sold by
Clayton Warren Kelli
Bought by
Warren Dan R and Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
2.35%

Purchase Details

Closed on
May 3, 2002
Sold by
Barnes Jacob
Bought by
Barnes Jacob and Barnes Inessa

Purchase Details

Closed on
Aug 10, 2001
Sold by
Clayton Warren Kelli
Bought by
Warren Dan R and Clayton Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.21%

Purchase Details

Closed on
Oct 4, 1999
Sold by
Clayton Kelli
Bought by
Warren Dan R and Clayton Warren Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.76%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 13, 1999
Sold by
Warren Kelli Clayton
Bought by
Warren Dan and Warren Kelli Clayton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.76%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 22, 1996
Sold by
Lane Louis G Charitable Remainder Unitr
Bought by
Clayton Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,735
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1995
Sold by
Lane Louis G
Bought by
Lane Louis G and Smith Mary Lou Bailey
Source: Public Records

Range of Values:

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Average Value
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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
Barnes Jacob $850,000 Western Resources Title Co
Newman Douglas $441,500 Fidelity National Title Co
Warren Kelli -- Ticor Title Tustin
Warren Kelli -- Ticor Title
Warren Kelli -- --
Warren Dan R -- Lawyers Title Company
Barnes Jacob -- --
Warren Dan R -- American Title Co
Warren Dan R -- American Title Co
Warren Dan -- --
Clayton Kelli $175,000 --
Lane Louis G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes Jacob $700,000
Closed Barnes Jacob $637,500
Previous Owner Newman Douglas $326,250
Previous Owner Warren Kelli $521,500
Previous Owner Warren Kelli C $100,000
Previous Owner Warren Kelli $200,000
Previous Owner Warren Kelli Clayton $50,000
Previous Owner Warren Kelli Clayton $234,000
Previous Owner Warren Dan R $220,000
Previous Owner Warren Dan R $210,000
Previous Owner Warren Dan R $30,000
Previous Owner Clayton Kelli $169,735
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2012 10/24/12 Sold $441,400 -- $196 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
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 $12,064 $986,491 $591,896 $394,595
2024 $12,064 $967,149 $580,291 $386,858
2023 $11,834 $948,186 $568,913 $379,273
2022 $11,289 $929,595 $557,758 $371,837
2021 $11,148 $911,369 $546,822 $364,547
2019 $10,818 $884,340 $530,604 $353,736
2018 $10,656 $867,000 $520,200 $346,800
2016 $5,723 $459,261 $275,557 $183,704
2015 $5,641 $452,363 $271,418 $180,945
2014 $5,678 $443,503 $266,102 $177,401
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12084534

California Regional Multiple Listing Service (CRMLS)

APN: 2345-007-005