NOT LISTED FOR SALE

1318 N Cordova St Burbank, CA 91505

Chandler Park Neighborhood

Estimated Value: $998,000 - $1,285,000

4 Beds
2 Baths
1,540 Sq Ft
$762/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $520,000 $338 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $6,824/month

305 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Bret Harte Elementary School Rated A
  • Wood Flooring
  • Turnkey

About This Home

As of October 2012

Owner to entertain offers between $499000 and 549000. This Burbank Duplex is located in a prime neighborhood, great for owner user or investor! Two 2 Bedroom 1 Bath units each with own fenced yard. Owner says submit all offers! Lots of updates and upgrades on this building! Newer Plumbing, Newer Sewer, Wood floors, Electrical updates, recessed lighting, crown moldings, etc.

Last Agent to Sell the Property

Kevin Jones

Realty Professionals License #01128892 Listed on: 08/12/2011

Last Buyer's Agent

Rich Baron

PARTNER REAL ESTATE License #01036838

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,260

Year Built

  • Built in 1944

Lot Details

  • 6,617

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Turnkey
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,540 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Outbuilding

Additional Features

  • 6,617 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 009
  • Tax Tract Number 24770
  • Assessor Parcel Number 2477009009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $600
  • Maintenance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $6,250
  • Gross Income $36,000
  • Net Operating Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,260

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Cell-Voice/Text
  • Other Phone Number: 8186121603
  • Water Sewer Expenses: 600.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2477009009
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Price Per Square Foot: 337.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Other Structures: Outbuilding
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Trash Expense: 600.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 6617.00
  • Lot Size Acres: 0.1500

Multi Family

  • Average2 Bed Area: 770
  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6617.0000 Square Feet
  • Maintenance Expense: 600.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 31800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 2400.00
  • Operating Expense Percent: 6.75
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Vacancy Allowance: 1800
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6250.00
  • Tax Lot: 009
  • Tax Tract Number: 24770
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2013
Sold by
M & C Chapman Llc
Bought by
Chapman Mark K and Chapman Christine P
Current Estimated Value
$1,172,992

Purchase Details

Closed on
Jan 2, 2013
Sold by
Chapman Mark K and Chapman Christine
Bought by
M & C Chapman Llc

Purchase Details

Closed on
Jul 2, 2012
Sold by
1318-1320 N Cordova Investment Group Llc
Bought by
Chapman Mark K and Chapman Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2006
Sold by
Kazanjian Manuel
Bought by
1318-1320 N Cordova Investment Group Llc

Purchase Details

Closed on
Oct 26, 2001
Sold by
Donovan David Byron and Donovan Gail H
Bought by
Kazanjian Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
9.25%
Source: Public Records

Range of Values:

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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
Chapman Mark K -- None Available
M & C Chapman Llc -- None Available
Chapman Mark K $529,000 Priority Title
1318-1320 N Cordova Investment Group Llc -- None Available
Kazanjian Manuel $299,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapman Mark K $325,000
Previous Owner Kazanjian Manuel $239,200
Closed Kazanjian Manuel $29,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $520,000 -5.3% $338 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
08/12/2011 08/12/11 For Sale $549,000 -- $356 / 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 $7,260 $651,414 $392,820 $258,594
2024 $7,260 $638,642 $385,118 $253,524
2023 $7,184 $626,120 $377,567 $248,553
2022 $6,860 $613,844 $370,164 $243,680
2021 $6,831 $601,808 $362,906 $238,902
2019 $6,562 $583,960 $352,143 $231,817
2018 $6,456 $572,511 $345,239 $227,272
2016 $6,128 $550,282 $331,834 $218,448
2015 $6,004 $542,017 $326,850 $215,167
2014 $5,996 $531,401 $320,448 $210,953
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Kevin Jones

    Realty Professionals

    Section Image

  • R

    Buyer's Agent in 2012

    Rich Baron

    PARTNER REAL ESTATE

    (310) 497-7949

    Rich Baron
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B11106263

California Regional Multiple Listing Service (CRMLS)

APN: 2477-009-009

California Los Angeles County Burbank 91505 Chandler Park

1318 N Cordova St, Burbank, CA

This home is located at 1318 N Cordova St, Burbank, CA 91505 since 12 August 2011 and is currently estimated at $1,172,992, approximately $761 per square foot. This property was built in 1944. 1318 N Cordova St is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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