NOT LISTED FOR SALE

171 W Valencia Ave Unit B Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,434,646 - $1,633,000

6 Beds
4 Baths
2,930 Sq Ft
$532/Sq Ft Est. Value

Last Sold July 25, 2014

Last sale price $750,000 $256 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $9,325/month

20 Days on Market

About This Home

As of July 2014

Great 4 unit building in Burbank!! Two 2 bedroom + 1 bathroom units and two 1 bedroom + 1 bathroom units. Owner's unit has private patio and tool shed. 4 parking spaces. Central water heater. Some hardwood flooring, some pergo flooring. 12.5 x gross. 5.7 cap.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 03/07/2014

Last Buyer's Agent

Maria Oancea

Better Homes and Gardens Real Estate Town Center License #01038393

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,053

Year Built

  • Built in 1959

Lot Details

  • 5,427 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Parking Spaces

Home Design

  • 2,930 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 4035
  • Assessor Parcel Number 2451001039

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,434
  • Maintenance Expense $2,965
  • Other Expense $21
  • Trash Expense $840
  • Water Sewer Expense $1,065
  • New Taxes Expense $8,625
  • Gross Income $4,600
  • Net Operating Income $39,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,053

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 12.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1065.00
  • Zoning: BUR4
  • Property Type: Residential Income
  • Parcel Number: 2451001039
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 255.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5427.00
  • Lot Size Acres: 0.1250

Multi Family

  • Gross Income: 4600.00
  • Gross Multiplier: 5.70
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1434.00
  • Lot Size Area: 5427.0000 Square Feet
  • Maintenance Expense: 2965.00
  • Net Operating Income: 39690.00
  • 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: 15510.00
  • Other Expense: 21.00
  • Other Expense Description: cityprmt
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8625.00
  • Tax Lot: 18
  • Tax Tract Number: 4035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2014
Closed on
Jun 25, 2014
Sold by
Gonzalez Rutilio P and Navarro Teresa
Bought by
Hatamian Edward and Davoodian Rita
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Maria Oancea
Better Homes and Gardens Real Estate Town Center
List Price
$689,986
Sold Price
$750,000
Premium/Discount to List
$60,014
8.7%
Current Estimated Value
$1,557,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$807,662
Avg. Annual Appreciation
6.81%
Original Mortgage
$562,500
Outstanding Balance
$429,705
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,127,957

Purchase Details

Closed on
Jan 13, 2006
Sold by
Lyons Mary Ann
Bought by
Gonzalez Rutilio P and Navarro Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2000
Sold by
Lyons Mary A
Bought by
Lyons Mary Ann and Gonzalez Rutilio P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hatamian Edward $750,000 Fidelity
Gonzalez Rutilio P -- Fidelity Van Nuys
Gonzalez Rutilio P -- Fidelity National Title Co
Lyons Mary Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatamian Edward $562,500
Previous Owner Gonzalez Rutilio P $551,000
Previous Owner Lyons Mary Ann $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2014 07/25/14 Sold $750,000 +8.7% $256 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
03/07/2014 03/07/14 For Sale $689,986 -- $235 / 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 $10,053 $901,378 $540,827 $360,551
2024 $10,053 $883,705 $530,223 $353,482
2023 $9,947 $866,378 $519,827 $346,551
2022 $9,499 $849,391 $509,635 $339,756
2021 $9,453 $832,738 $499,643 $333,095
2019 $9,073 $808,040 $484,824 $323,216
2018 $8,974 $792,197 $475,318 $316,879
2016 $8,510 $761,437 $456,862 $304,575
2015 $8,338 $750,000 $450,000 $300,000
2014 $8,437 $744,678 $579,692 $164,986
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2014

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    11 in this area

    359 Total Sales

    Brad Korb
    Section Image

  • M

    Buyer's Agent in 2014

    Maria Oancea

    Better Homes and Gardens Real Estate Town Center

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14047186

California Regional Multiple Listing Service (CRMLS)

APN: 2451-001-039

California Los Angeles County Burbank 91502 Rancho Adjacent

171 W Valencia Ave Unit B, Burbank, CA

This home is located at 171 W Valencia Ave Unit B, Burbank, CA 91502 since 07 March 2014 and is currently estimated at $1,557,662, approximately $531 per square foot. This property was built in 1959. 171 W Valencia Ave Unit B is a home located in Los Angeles County with nearby schools including William McKinley Elementary School, Dolores Huerta 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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