NOT LISTED FOR SALE

139 N Beachwood Dr Burbank, CA 91506

Chandler Park Neighborhood

Estimated Value: $4,493,846

8 Beds
10 Baths
6,854 Sq Ft
$656/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $2,950,000 $430 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $27,320/month

Highlights

  • 0.33 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 6 Car Garage
  • Walt Disney Elementary School Rated A
  • Laundry Room

About This Home

As of July 2021

139 & 143 North Beachwood are a beautiful group of 12 midcentury apartments arranged within 4 buildings. The entirety of the property exudes pride of ownership and maintenance. 7 of the 12 units have been remodeled and upgraded since 2015. New laundry equipment was installed in 2017. Site drainage and driveway gutters were installed in 2019. There is an ideal mixture of bachelors, studios, and 1- and 2-bedroom apartments. Centrally located in the heart of Burbank, the 5 and 134 freeways are within a short distance, along with Warner Bros. Studios, Walt Disney Studios, Ikea, George Izay Park, John Burroughs High School, and all that Burbank has to offer. This is an opportunity to own a truly lovely property.

Last Agent to Sell the Property

CJ Goodyear

Goodyear Realty Inc License #01488483 Listed on: 06/09/2021

Last Buyer's Agent

CJ Goodyear

Goodyear Realty Inc License #01488483 Listed on: 06/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $45,578

Year Built

  • Built in 1950

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • On-Street Parking

Home Design

  • Apartment

Interior Spaces

  • 6,854 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Additional Features

  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 2446020020

Community Details

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Fuel Expense $427
  • Insurance Expense $5,625
  • Water Sewer Expense $5,178
  • New Taxes Expense $38,750
  • Operating Expense $76,602
  • Gross Income $199,596
  • Net Operating Income $117,006

Additional Features

  • 4 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$45,578

Year Built

Built in 1950

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 3.78
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 5178.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2446020020
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 430.41

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Street
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14571.00
  • Lot Size Acres: 0.3300

Multi Family

  • Fuel Expense: 427.00
  • Gross Income: 199596.00
  • Gross Multiplier: 15.53
  • Gross Scheduled Income: 199596.00
  • Insurance Expense: 5625.00
  • Lot Size Area: 14571.0000 Square Feet
  • Net Operating Income: 117006.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Operating Expense: 76602.00
  • Rent Control: Yes
  • Total Expenses: 76602.00

Tax Info

  • New Taxes Expense: 38750.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2023
Sold by
Insta Norcal Llc and Manning Capital Llc
Bought by
Marionberry Investments Llc
Current Estimated Value
$4,493,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Outstanding Balance
$2,306,923
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$2,241,021

Purchase Details

Closed on
Dec 15, 2022
Sold by
Insta Norcal Llc and Manning Capital Llc
Bought by
Insta Norcal Llc and Manning Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,932,013
Interest Rate
7.08%
Mortgage Type
New Conventional
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
Marionberry Investments Llc $4,030,000 Orange Coast Title Company
Insta Norcal Llc -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marionberry Investments Llc $2,350,000
Previous Owner Insta Norcal Llc $2,932,013
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2021 07/22/21 Sold $2,950,000 -4.8% $430 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $3,099,000 -- $452 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $45,578 $4,110,600 $3,060,000 $1,050,600
2024 $45,578 $4,030,000 $3,000,000 $1,030,000
2023 $34,667 $3,009,000 $1,805,400 $1,203,600
2022 $33,123 $2,950,000 $1,770,000 $1,180,000
2021 $4,723 $313,809 $110,004 $203,805
2020 $4,676 $314,493 $108,877 $205,616
2019 $4,572 $308,404 $106,743 $201,661
2018 $4,280 $302,434 $104,650 $197,784
2016 $3,970 $286,944 $100,588 $186,356
2015 $3,905 $282,635 $99,078 $183,557
2014 $3,983 $277,100 $97,138 $179,962
Source: Public Records

Agents Affiliated with this Home

  • CJ Goodyear

    Seller's Agent in 2021

    CJ Goodyear

    Goodyear Realty Inc

    (626) 720-2029

    1 in this area

    24 Total Sales

    CJ Goodyear
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-5130

Pasadena-Foothills Association of REALTORS®

APN: 2446-020-020

California Los Angeles County Burbank 91506 Chandler Park

139 N Beachwood Dr, Burbank, CA

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