NOT LISTED FOR SALE

1421 N Hollywood Way Burbank, CA 91505

Northwest District Neighborhood

Estimated Value: $730,000 - $921,000

1 Bed
2 Baths
874 Sq Ft
$917/Sq Ft Est. Value

Last Sold January 13, 2015

Last sale price $311,000 $356 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,553/month

26 Days on Market

About This Home

As of January 2015

Great rental pocket of Burbank! The building features 874 square feet and is situated on a 2578 square foot lot. The property has been well maintained and can be purchased with 1419 Hollywood Way. The city of Burbank is a highly desirable rental market and is known as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 101 freeway, and close proximity to the Burbank Metro link. An astute investor will take advantage of historical low interest rates and the upside in rents over
time. The property is separately metered for gas and electricity. ** Property can be purchased together with 1419 Hollywood Way **

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 11/06/2014

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,177

Year Built

  • Built in 1948

Lot Details

  • 2,709 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Parking Spaces

Home Design

  • 874 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 8077
  • Assessor Parcel Number 2436026005

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $519
  • Maintenance Expense $2,100
  • Water Sewer Expense $309
  • New Taxes Expense $4,687
  • Gross Income $1,725
  • Net Operating Income $12,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,177

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 309.00
  • Property Type: Residential Income
  • Parcel Number: 2436026005
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 355.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2709.00
  • Lot Size Acres: 0.0620

Multi Family

  • Gross Income: 1725.00
  • Gross Scheduled Income: 20700.00
  • Insurance Expense: 519.00
  • Lot Size Area: 2709.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Net Operating Income: 12050.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7615.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4687.00
  • Tax Lot: 23
  • Tax Tract Number: 8077
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2014
Closed on
Dec 19, 2014
Sold by
Naccachian Aleen L
Bought by
Farhadians Baghrat and Farhadians Yermin
Seller's Agent
Cindy Hill
Equity Union
List Price
$375,000
Sold Price
$311,000
Premium/Discount to List
-$64,000
-17.07%
Current Estimated Value
$801,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,744
Avg. Annual Appreciation
9.17%
Original Mortgage
$221,000
Outstanding Balance
$169,284
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$632,460

Purchase Details

Closed on
Nov 16, 2012
Sold by
Aprahamian Norair
Bought by
Naccachian Aleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2012
Sold by
Sordetto Joseph and The Sordetto Family Trust
Bought by
Naccachian Aleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2000
Sold by
Sordetto Joseph
Bought by
Sordetto Joseph and Sordetto Family Trust
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
Farhadians Baghrat $311,000 Western Resources Title
Naccachian Aleen L -- Title 365
Naccachian Aleen L $252,000 Title 365
Sordetto Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farhadians Baghrat $221,000
Previous Owner Naccachian Aleen L $171,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2015 01/13/15 Sold $311,000 -17.1% $356 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $375,000 -- $429 / 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 $4,177 $373,765 $240,367 $133,398
2024 $4,177 $366,437 $235,654 $130,783
2023 $4,133 $359,253 $231,034 $128,219
2022 $3,945 $352,209 $226,504 $125,705
2021 $3,928 $345,304 $222,063 $123,241
2019 $3,770 $335,345 $215,478 $119,867
2018 $3,716 $328,776 $211,253 $117,523
2016 $3,527 $315,742 $203,050 $112,692
2015 $2,883 $258,201 $153,691 $104,510
2014 $2,886 $253,144 $150,681 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2015

    Cindy Hill

    Equity Union

    (818) 640-8360

    3 in this area

    77 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14191471

California Regional Multiple Listing Service (CRMLS)

APN: 2436-026-005

California Los Angeles County Burbank 91505 Northwest District

1421 N Hollywood Way, Burbank, CA

This home is located at 1421 N Hollywood Way, Burbank, CA 91505 since 06 November 2014 and is currently estimated at $801,744, approximately $917 per square foot. This property was built in 1948. 1421 N Hollywood Way 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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