NOT LISTED FOR SALE

Estimated Value: $1,094,000 - $1,507,867

4 Beds
2 Baths
1,798 Sq Ft
$676/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $1,000,000 $556 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,579/month

37 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Neighborhood Views
  • Bret Harte Elementary School Rated A
  • Lawn
  • Double Pane Windows

About This Home

As of July 2022

This duplex is located in a quaint neighborhood in Burbank. It was recently updated and some of the renovations include a new electrical panel, central air and heat in both units, recessed LED lighting throughout both units, a washer and dryer in each unit, a dishwasher and updated kitchen and bath in both units, new plumbing and a new sewer line. Both units have all brand new dual paned windows, as well as hardwood floors throughout. The front unit is tenant occupied, while the back unit is ready for a new tenant or owner/user! You won't want to miss this investment opportunity!

Last Agent to Sell the Property

Luis Alvarez

First Class Real Estate License #01302820 Listed on: 05/23/2022

Last Buyer's Agent

Pui Ching Tsui

LeMark Realty License #01889817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,421

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 6,184 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Front Yard Sprinklers
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Patio Home
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Blown-In Insulation
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing
  • Plaster

Interior Spaces

  • 1,798 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Window Screens
  • Panel Doors
  • Living Room
  • Neighborhood Views

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

  • Ducts Professionally Air-Sealed
  • SEER Rated 13-15 Air Conditioning Units
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • 220 Volts
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer
  • Legal Lot and Block 16 / 2
  • Tax Tract Number 9749
  • Assessor Parcel Number 2476001012

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $75
  • Water Sewer Expense $40
  • Operating Expense $115
  • Gross Income $28,800
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,421

Year Built

Built in 1943 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 564500
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 40.00
  • Zoning: BUR3*
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 75.00
  • Parcel Number: 2476001012
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Laminate Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 556.17
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s), Storage
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Blown-In Insulation, Drywall Walls, Ducts Professionally Air-Sealed, Plaster

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Water Heater, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts
  • Heating Type: Central, High Efficiency
  • Laundry Features: Dryer Included, In Carport, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Seer Rated 13-15
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Lot 6500-9999, Patio Home, Sprinklers In Front
  • Lot Size Sq Ft: 6184.00
  • Lot Size Acres: 0.1420

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Lot Size Area: 6184.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 115.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 3112.00
  • Tax Lot: 16
  • Tax Tract Number: 9749

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2022
Closed on
Jul 1, 2022
Sold by
Randall L And Lisa F Reithmiller Trust
Bought by
Tsui Pui Ching and Tsui Albert
Seller's Agent
Luis Alvarez
First Class Real Estate
Buyer's Agent
Pui Ching Tsui
LeMark Realty
List Price
$1,425,000
Sold Price
$1,000,000
Premium/Discount to List
-$425,000
-29.82%
Current Estimated Value
$1,216,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,217
Avg. Annual Appreciation
5.83%
Original Mortgage
$800,000
Outstanding Balance
$764,183
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$427,239

Purchase Details

Closed on
Apr 10, 2003
Sold by
Reithmiller Randall L
Bought by
Reithmiller Randall L

Purchase Details

Closed on
Dec 4, 2001
Sold by
Reithmiller Randall L and Roth Family Trust
Bought by
Reithmiller Randall L

Purchase Details

Closed on
Feb 21, 1997
Sold by
Trust Reithmiller Randall L Tr Roth Fami
Bought by
Reithmiller Randall L and Roth Family Trust
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
Tsui Pui Ching $1,000,000 Orange Coast Title
Reithmiller Randall L -- --
Reithmiller Randall L -- --
Reithmiller Randall L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsui Pui Ching $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2022 07/21/22 Sold $1,000,000 -11.4% $556 / Sq Ft
06/24/2022 06/24/22 Price Changed $1,129,000 -5.9% $628 / Sq Ft
06/15/2022 06/15/22 Price Changed $1,200,000 -7.7% $667 / Sq Ft
06/08/2022 06/08/22 Price Changed $1,300,000 -8.8% $723 / Sq Ft
05/23/2022 05/23/22 For Sale $1,425,000 -- $793 / 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 $11,421 $1,040,400 $624,240 $416,160
2024 $11,421 $1,020,000 $612,000 $408,000
2023 $11,299 $1,000,000 $600,000 $400,000
2022 $1,134 $77,650 $32,607 $45,043
2021 $1,118 $76,128 $31,968 $44,160
2019 $1,080 $73,872 $31,021 $42,851
2018 $963 $72,424 $30,413 $42,011
2016 $894 $69,614 $29,233 $40,381
2015 $878 $68,569 $28,794 $39,775
2014 $891 $67,226 $28,230 $38,996
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22109767

California Regional Multiple Listing Service (CRMLS)

APN: 2476-001-012