NOT LISTED FOR SALE

1429 N Hollywood Way Burbank, CA 91505

Northwest District Neighborhood

Estimated Value: $860,242 - $1,272,000

3 Beds
3 Baths
1,035 Sq Ft
$1,002/Sq Ft Est. Value

Last Sold October 16, 2013

Last sale price $427,000 $413 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $5,921/month

48 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Front Yard
  • Bret Harte Elementary School Rated A
  • Wall Furnace

About This Home

As of October 2013

BACK ON THE MARKET!!! Great income property, call for rent roll... in the heart of Burbank(no rent control). 3 units; great cap rate. Well maintained, w new water line, parking for each unit. UNIT A has 2 big windows that provide natural light. Hardwood floors, brand-new powerful Air Conditioner, refrigerator, & stove. Lots of closet and storage space. Separate kitchen with built-in table top. UNIT B cozy studio apartment with old charm intact. Beautiful WOOD FLOORS newly refinished! Freshly painted & clean. Unbelievable amount of storage and hanging closet space. UNIT C: New, Completely renovated studio apartment, w new copper plumbing, tankless water heater, tile floors in bathroom and gas line. Refinished dark wood floors, ceiling fan and large sliding door closet - and hand-crafted built-in wood dresser with 14 drawers!! Big shelf space for TV/electronics. Newly renovated kitchen and bathroom have tile floors & new everything. Custom, craftsman-style kitchen cabinets. New stove, fridge & 2 air-conditioners. Don't miss out! Perfect location in central Burbank. On Hollywood Way & Burbank Blvd. Easy commute to Hollywood, 134 & 5 freeways. Walking distance to restaurants and bars.

Last Agent to Sell the Property

John Dick

Media West Realty,Inc. License #01771770 Listed on: 08/07/2013

Co-Listed By

Bryan Ochse

Media West Realty,Inc. License #01451724

Last Buyer's Agent

Janet Shrager

Berkshire Hathaway HomeServices California Properties License #01750914

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,807

Year Built

  • Built in 1953

Lot Details

  • 2,611 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3 Bathrooms
  • 1,035 Sq Ft Home
  • Wood Flooring

Parking

  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 20
  • Tax Tract Number 8077
  • Assessor Parcel Number 2436026002

Community Details

Overview

  • 3 Units
  • Valley

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $120
  • Gardener Expense $600
  • Insurance Expense $1,000
  • New Taxes Expense $4,300
  • Gross Income $2,520
  • Net Operating Income $23,014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,807

Year Built

Built in 1953

Lot Details

0

Listing Details

  • CapRate: 5.11
  • Improvements Amount: 20000
  • Other Phone Number: 818-679-5463
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2436026002
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Price Per Square Foot: 412.56

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Valley

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 2611.00
  • Lot Size Acres: 0.0600

Rental Info

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

Multi Family

  • Electric Expense: 120.00
  • Gross Income: 2520.00
  • Gross Scheduled Income: 30300.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2611.0000 Square Feet
  • Net Operating Income: 23014.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6680.00
  • Rent Control: No
  • Total Actual Rent: 2525.00
  • Vacancy Allowance: 606

Tax Info

  • New Taxes Expense: 4300.00
  • Tax Lot: 20
  • Tax Tract Number: 8077
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2014
Sold by
Vanpatten Nels and Valen Nancy
Bought by
Burbank Bungalows Llc
Current Estimated Value
$1,036,561

Purchase Details

Listed on
Aug 7, 2013
Closed on
Oct 8, 2013
Sold by
Conklin Jamie and Rosenberg Jamie
Bought by
Vanpatten Nels and Valen Nancy
Seller's Agent
John Dick
Media West Realty,Inc.
Buyer's Agent
Janet Shrager
Berkshire Hathaway HomeServices California Properties
List Price
$449,000
Sold Price
$427,000
Premium/Discount to List
-$22,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%

Purchase Details

Closed on
Jan 21, 2009
Sold by
Kreider Richard L and Kreider Amorntip
Bought by
Rosenberg Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2009
Sold by
Kreider Richard L
Bought by
Kreider Richard L and Kreider Amorntip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2000
Sold by
Wood Joseph M
Bought by
Kreider Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,375
Interest Rate
8.26%
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
Burbank Bungalows Llc -- None Available
Vanpatten Nels $427,000 Fidelity National Title Co
Conklin Jamie -- Fidelity National Title Co
Rosenberg Jamie $375,000 Orange Coast Title Company
Kreider Richard L -- Accommodation
Kreider Richard L $182,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosenberg Jamie $281,250
Previous Owner Kreider Richard L $173,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2013 10/16/13 Sold $427,000 -4.9% $413 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $449,000 -- $434 / 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 $5,807 $523,432 $349,366 $174,066
2024 $5,807 $513,169 $342,516 $170,653
2023 $5,746 $503,107 $335,800 $167,307
2022 $5,485 $493,243 $329,216 $164,027
2021 $5,463 $483,572 $322,761 $160,811
2019 $5,242 $469,232 $313,189 $156,043
2018 $5,181 $460,033 $307,049 $152,984
2016 $5,180 $465,988 $279,593 $186,395
2015 $5,075 $458,990 $275,394 $183,596
2014 $4,822 $427,000 $285,000 $142,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    John Dick

    Media West Realty,Inc.

  • Bryan Ochse

    Seller Co-Listing Agent in 2013

    Bryan Ochse

    Media West Realty,Inc.

    (323) 431-9650

    12 in this area

    157 Total Sales

    Bryan Ochse
    Section Image
  • Janet Shrager

    Buyer's Agent in 2013

    Janet Shrager

    Berkshire Hathaway HomeServices California Properties

    (310) 780-0804

    20 Total Sales

    Janet Shrager
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB13158416

California Regional Multiple Listing Service (CRMLS)

APN: 2436-026-002

California Los Angeles County Burbank 91505 Northwest District

1429 N Hollywood Way, Burbank, CA

This home is located at 1429 N Hollywood Way, Burbank, CA 91505 since 07 August 2013 and is currently estimated at $1,036,561, approximately $1,001 per square foot. This property was built in 1953. 1429 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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