NOT LISTED FOR SALE

1681 N Hollywood Way Burbank, CA 91505

Northwest District Neighborhood

Estimated Value: $1,142,693 - $1,276,000

4 Beds
4 Baths
2,080 Sq Ft
$581/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $1,155,000 $555 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,518/month

29 Days on Market

Highlights

  • No Units Above
  • Mountain View
  • 1-Story Property
  • Bret Harte Elementary School Rated A
  • Front Yard

About This Home

As of May 2024

Welcome to this exceptional 4-unit property nestled in Burbank, offering a fantastic investment opportunity. Each unit features a spacious 1 bedroom and 1 bathroom layout, providing comfortable living spaces for tenants. Adding to its appeal, the property includes two 2-car garages located at the rear, offering convenient parking options for residents. With its prime location and multiple units, this property presents an ideal investment opportunity for those seeking to expand their real estate portfolio or start their investment portfolio in the vibrant Burbank area.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group Brokerage Email: brad@bradkorb.com License #00698730 Listed on: 03/05/2024

Last Buyer's Agent

Randi Johnson

Americana Real Estate Services License #02199347

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,321

Year Built

  • Built in 1947

Lot Details

  • 6,395 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 13215
  • Assessor Parcel Number 2436012003

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $355
  • Insurance Expense $695
  • Water Sewer Expense $374
  • New Taxes Expense $16,250
  • Operating Expense $17,674
  • Gross Income $55,200
  • Net Operating Income $37,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,321

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.89
  • Price Per Unit: 324998
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 374.00
  • Zoning: BUR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 355.00
  • Parcel Number: 2436012003
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: living room
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 555.29

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6395.00
  • Lot Size Acres: 0.1468

Multi Family

  • Gross Income: 55200.00
  • Gross Multiplier: 23.55
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 695.00
  • Lot Size Area: 6395.0000 Square Feet
  • Net Operating Income: 37526.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17674.00
  • Rent Control: Yes
  • Total Expenses: 17674.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 3111.00
  • Tax Lot: 15
  • Tax Tract Number: 13215

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
May 3, 2024
Sold by
Tabor Larry O and Li Deborah
Bought by
1681 N Hollywood Way Llc
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Randi Johnson
Americana Real Estate Services
List Price
$1,299,992
Sold Price
$1,155,000
Premium/Discount to List
-$144,992
-11.15%
Views
41
Current Estimated Value
$1,208,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,673
Avg. Annual Appreciation
3.32%

Purchase Details

Closed on
Mar 3, 1997
Sold by
Tabor Larry O and Tabor Larry Orville
Bought by
Tabor Larry O and Tabor Deborah Dayer
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
1681 N Hollywood Way Llc $1,200,000 Fidelity National Title
Tabor Larry O -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $1,155,000 -11.2% $555 / Sq Ft
03/05/2024 03/05/24 For Sale $1,299,992 -- $625 / 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 $1,321 $1,178,100 $353,940 $824,160
2024 $1,321 $89,586 $36,741 $52,845
2023 $1,311 $87,830 $36,021 $51,809
2022 $1,259 $86,109 $35,315 $50,794
2021 $1,241 $84,422 $34,623 $49,799
2019 $1,199 $82,660 $33,597 $49,063
2018 $1,110 $81,055 $32,939 $48,116
2016 $1,033 $77,199 $31,661 $45,538
2015 $1,016 $76,040 $31,186 $44,854
2014 $1,042 $74,552 $30,576 $43,976
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2024

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    27 in this area

    362 Total Sales

    Brad Korb
    Section Image

  • R

    Buyer's Agent in 2024

    Randi Johnson

    Americana Real Estate Services

    (507) 402-6555

    3 in this area

    5 Total Sales

    Randi Johnson
    Section Image

  • N

    Buyer Co-Listing Agent in 2024

    Narbe Baghoomian

    Americana Real Estate Services

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24036641

California Regional Multiple Listing Service (CRMLS)

APN: 2436-012-003

California Los Angeles County Burbank 91505 Northwest District

1681 N Hollywood Way, Burbank, CA

This home is located at 1681 N Hollywood Way, Burbank, CA 91505 since 05 March 2024 and is currently estimated at $1,208,673, approximately $581 per square foot. This property was built in 1947. 1681 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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