$1,155,000
SOLD MAY 10, 2024
4 Beds
4 Baths
2,080 Sq Ft
6,395 Sq Ft Lot

Recently Sold

$555 Per Sq Ft

11% Below List Price

29 Days on Market

Highlights

  • Front Yard
  • Bret Harte Elementary School Rated A
  • 1-Story Property

About This Home

As of May 2024

Presenting an excellent opportunity for seasoned investors or those new to the real estate market, this 4-unit property in Burbank offers tremendous potential. Each unit comprises a generous layout featuring 1 bedroom and 1 bathroom, providing comfortable living spaces for tenants. Additionally, the property includes two 2-car garages situated at the rear, offering convenient parking solutions. Don't miss out on this chance to invest in the thriving Burbank area and grow your real estate portfolio.

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

  • $1,322

Year Built

  • Built in 1947

Lot Details

  • 6,395 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 13215
  • Assessor Parcel Number 2436012002

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 $375
  • New Taxes Expense $16,250
  • Operating Expense $17,674
  • Gross Income $56,400
  • Net Operating Income $38,726

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,322

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.98
  • Price Per Unit: 324998
  • Property Attached: Yes
  • Water Sewer Expenses: 375.00
  • Zoning: BUR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 355.00
  • Parcel Number: 2436012002
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: living room
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 555.29

Exterior Features

  • 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: 56400.00
  • Gross Multiplier: 23.05
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 695.00
  • Lot Size Area: 6395.0000 Square Feet
  • Net Operating Income: 38726.00
  • 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: 14
  • Tax Tract Number: 13215

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 11, 2024
Sold by
Tabor Larry O and Li Deborah
Bought by
1689 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
27
Current Estimated Value
$1,177,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,016
Avg. Annual Appreciation
0.21%

Purchase Details

Closed on
Mar 3, 1997
Sold by
Tabor Larry O and Tabor Larry Oville
Bought by
Tabor Larry O and Tabor Deborah Dayer
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,155,000 Fidelity National Title
Interfamily Deed Transfer -- --
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
2024 $1,322 $89,586 $36,741 $52,845
2023 $1,311 $87,830 $36,021 $51,809
2022 $1,260 $86,109 $35,315 $50,794
2021 $1,242 $84,422 $34,623 $49,799
2019 $1,199 $82,340 $33,597 $48,743
2018 $1,107 $80,735 $32,939 $47,796
2016 $1,030 $77,199 $31,661 $45,538
2015 $1,012 $76,040 $31,186 $44,854
2014 $1,039 $74,552 $30,576 $43,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24036643

California Regional Multiple Listing Service (CRMLS)

APN: 2436-012-002