NOT LISTED FOR SALE

Estimated Value: $1,038,000 - $1,492,000

2 Beds
2 Baths
1,217 Sq Ft
$982/Sq Ft Est. Value

Last Sold April 23, 2018

Last sale price $619,900 $509 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $7,236/month

22 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • George Washington Elementary Rated A-
  • Cooling System Mounted To A Wall/Window
  • West Facing Home

About This Home

As of April 2018

Great investment opportunity in Non Rent Control Burbank, 2 houses on a lot! Zoned R3. Front house is a 2 bedroom 1 bath, with some of it's original Art Deco features. Also, this unit has hardwood floors, tile in kitchen and bathroom, and laundry hook ups in unit. Back house is a converted garage with permits: Bachelor unit with full bathroom and kitchenette, carpeted floors and tile in bathroom. Property needs lots of TLC to bring it back to full form. The way houses sit on the lot, both units can have private backyards. Fruit trees on the property too, including grapefruit, orange, fig and a canary island date palm. Newer 200 amp electrical panel and front house was rewired when panel was installed. Parking is on driveway. Good size lot. Close to downtown Burbank shopping district and transportation.

Last Agent to Sell the Property

Julian Munoz

REMAX Empower License #01331008 Listed on: 02/13/2018

REMAX Empower

Last Buyer's Agent

Julian Munoz

REMAX Empower License #01331008 Listed on: 02/13/2018

REMAX Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,504

Year Built

  • Built in 1938

Lot Details

  • 6,101 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Back and Front Yard

Home Design

  • 1,217 Sq Ft Home
  • Duplex
  • Traditional Architecture

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

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

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 4788
  • Assessor Parcel Number 2468011014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,560
  • Insurance Expense $1,200
  • Maintenance Expense $936
  • Pest Control $744
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,812
  • Operating Expense $14,652
  • Gross Income $46,800
  • Net Operating Income $32,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,504

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.10
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: BUR3
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 2468011014
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 509.37

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 744.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6101.00

Multi Family

  • Gross Income: 46800.00
  • Gross Multiplier: 13.20
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 936.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 32148.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14652.00
  • Operating Expense Percent: 31.30
  • Rent Control: No
  • Total Expenses: 14652.00

Tax Info

  • New Taxes Expense: 7812.00
  • Tax Lot: 19
  • Tax Tract Number: 4788

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2018
Sold by
Melkonova Marina
Bought by
Chen Chun Hsing and Tanabe Trisha
Current Estimated Value
$1,195,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,250
Outstanding Balance
$566,488
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$628,731

Purchase Details

Closed on
Mar 13, 2017
Sold by
Mills Daniel E and Mills Lori F
Bought by
Melkonova Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,920
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2004
Sold by
Mills Lori F
Bought by
Mills Daniel E and Mills Lori F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Mills Daniel E and Mills Lori F
Bought by
Mills Lori F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
Sold by
Hoadley Kathryn L
Bought by
Hoadley Kathryn L and Kathryn L Hoadley Revocable Li

Purchase Details

Closed on
Mar 22, 2001
Sold by
Mills Daniel E
Bought by
Mills Daniel E and Mills Lori F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2001
Sold by
Mills Lori F
Bought by
Mills Daniel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2001
Sold by
Mills Gary Michael and Mills Steven Jay
Bought by
Mills Daniel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
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
Chen Chun Hsing $859,000 Stewart Title
Melkonova Marina $620,000 Chicago Title Company
Mills Daniel E -- Commerce Title Company
Mills Lori F -- Commerce Title Co
Hoadley Kathryn L -- --
Mills Daniel E -- First American
Mills Daniel E -- First American Title Co
Mills Daniel E -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Chun Hsing $644,250
Previous Owner Melkonova Marina $495,920
Previous Owner Mills Lori F $260,000
Previous Owner Mills Daniel E $140,000
Previous Owner Mills Daniel E $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2018 04/23/18 Sold $619,900 0.0% $509 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $619,900 -- $509 / 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 $10,504 $958,225 $578,953 $379,272
2024 $10,504 $939,437 $567,601 $371,836
2023 $10,392 $921,018 $556,472 $364,546
2022 $9,918 $902,960 $545,561 $357,399
2021 $9,884 $885,256 $534,864 $350,392
2020 $9,775 $876,180 $529,380 $346,800
2019 $9,481 $859,000 $519,000 $340,000
2018 $3,336 $290,965 $184,351 $106,614
2016 $3,161 $279,669 $177,194 $102,475
2015 $3,098 $275,469 $174,533 $100,936
2014 $3,101 $270,074 $171,115 $98,959
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18035882

California Regional Multiple Listing Service (CRMLS)

APN: 2468-011-014