NOT LISTED FOR SALE

Estimated Value: $1,244,000 - $1,991,000

4 Beds
4 Baths
2,336 Sq Ft
$691/Sq Ft Est. Value

Last Sold November 03, 2016

Last sale price $985,000 $422 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $9,630/month

85 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Floor Furnace
  • Thomas Edison Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • 4 Car Garage

About This Home

As of November 2016

This terrific 4 plex in a wonderful Burbank location offers so much. 4 Separate electric and gas meters. 4 garage spaces and 1 uncovered parking space. There is tremendous upside rent potential for this Burbank property that is NOT subject to rent control. Centrally located close to studios, parks, shopping, schools; this property represents an opportunity not to be missed. Please do not go onto the property.

Last Agent to Sell the Property

Jim Cromie

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate License #01091291 Listed on: 07/13/2016

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

Last Buyer's Agent

Artin Arefian

InCity Real Estate Services License #01806614

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,912

Year Built

  • Built in 1943

Lot Details

  • 6,543 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Sprinkler System

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,336 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 6937
  • Assessor Parcel Number 2438010015

Community Details

Overview

  • No Home Owners Association

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,912

Year Built

Built in 1943

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 2438010015
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 421.66

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 6543.00
  • Price Per Lot Square Foot: 160.48

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Rent Control: No
  • Total Actual Rent: 4066.00

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 6937

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2016
Closed on
Oct 21, 2016
Sold by
Hammond Dawn L and Castleberry L T
Bought by
The 1312 Buena Vista Trust
Seller's Agent
Jim Cromie
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Buyer's Agent
Artin Arefian
InCity Real Estate Services
List Price
$1,189,000
Sold Price
$985,000
Premium/Discount to List
-$204,000
-17.16%
Current Estimated Value
$1,613,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$628,315
Avg. Annual Appreciation
5.67%
Original Mortgage
$955,300
Outstanding Balance
$766,337
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$846,978

Purchase Details

Closed on
Aug 22, 2016
Sold by
Castleberry Terry L
Bought by
Castleberry Terry L and Castleberry Steven C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,300
Outstanding Balance
$766,337
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$846,978

Purchase Details

Closed on
Apr 17, 2009
Sold by
Honaker James R and Honaker Nola R
Bought by
Hammond Dawn L and Castleberry L T
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The 1312 Buena Vista Trust $985,000 Chicago Title Co
Castleberry Terry L -- None Available
Hammond Dawn L -- None Available
Hammond Dawn L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The 1312 Buena Vista Trust $955,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2016 11/03/16 Sold $985,000 -6.2% $422 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
09/11/2016 09/11/16 Price Changed $1,050,000 -2.3% $449 / Sq Ft
08/15/2016 08/15/16 Price Changed $1,075,000 -2.3% $460 / Sq Ft
07/20/2016 07/20/16 Price Changed $1,100,000 -7.5% $471 / Sq Ft
07/13/2016 07/13/16 For Sale $1,189,000 -- $509 / 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 $12,912 $1,165,245 $812,407 $352,838
2024 $12,912 $1,142,398 $796,478 $345,920
2023 $12,776 $1,119,999 $780,861 $339,138
2022 $12,199 $1,098,039 $765,550 $332,489
2021 $12,151 $1,076,510 $750,540 $325,970
2019 $11,661 $1,044,582 $728,280 $316,302
2018 $11,506 $1,024,100 $714,000 $310,100
2016 $3,314 $285,954 $185,033 $100,921
2015 $3,249 $281,660 $182,254 $99,406
2014 $3,267 $276,143 $178,684 $97,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16152690

California Regional Multiple Listing Service (CRMLS)

APN: 2438-010-015