NOT LISTED FOR SALE

1720 N Hollywood Way Burbank, CA 91505

Northwest District Neighborhood

Estimated Value: $1,443,000 - $1,959,000

8 Beds
5 Baths
3,120 Sq Ft
$548/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $1,466,000 $470 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,481/month

9 Days on Market

Highlights

  • Laundry Room
  • West Facing Home
  • Level Lot
  • Bret Harte Elementary School Rated A

About This Home

As of November 2021

This lovely fourplex is located in the middle of Burbank close to the Media District! It is a super location, close to Schools, Churches, Parks, Public transportation & not far from Toluca Lake, Studio City, several Studios including The famous Universal Studios, Hollywood, very close to most Shopping Centers Restaurants & much more: Your tenants will absolutely love the location.
Rents are low but have great Upside Potential.

Last Agent to Sell the Property

jorge Verano

Better Homes and Gardens Real Estate Town Center License #01026303 Listed on: 09/27/2021

Better Homes and Gardens Real Estate Town Center

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,673

Year Built

  • Built in 1952

Lot Details

  • 5,222 Sq Ft Lot
  • Lot Dimensions are 106x49
  • No Common Walls
  • West Facing Home
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection
  • Tax Lot 16
  • Tax Tract Number 1
  • Assessor Parcel Number 2437021010
  • $352 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $180
  • Gardener Expense $720
  • Insurance Expense $2,500
  • Water Sewer Expense $2,088
  • New Taxes Expense $9,254
  • Operating Expense $14,742
  • Gross Income $69,600
  • Net Operating Income $54,858

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,673

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2088.00
  • Zoning: BUR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2437021010
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 469.87

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street
  • Lot Size: 106X49
  • Lot Size Sq Ft: 5222.00
  • Lot Size Acres: 0.1199

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 69600.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5222.0000 Square Feet
  • Net Operating Income: 54858.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14742.00
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Total Expenses: 14742.00

Tax Info

  • New Taxes Expense: 9254.00
  • Tax Census Tract: 3110.00
  • Tax Lot: 16
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 352.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2016
Sold by
Arevalo Reynaldo
Bought by
Arevalo Reynaldo and Arevalo Ilse A
Current Estimated Value
$1,709,135

Purchase Details

Closed on
Mar 4, 2014
Sold by
Arevalo Reynaldo
Bought by
Arevalo Reynaldo and Arevalo Ilse

Purchase Details

Closed on
May 4, 2004
Sold by
Madrigal Jacqueline
Bought by
Arevalo Reynaldo and Arevalo Ilse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Outstanding Balance
$207,174
Interest Rate
5.75%
Mortgage Type
Stand Alone First
Estimated Equity
$1,501,961

Purchase Details

Closed on
Jun 10, 2003
Sold by
Madrigal Richard
Bought by
Madrigal Jacqueline

Purchase Details

Closed on
Apr 18, 2003
Sold by
Madrigal Jacqueline
Bought by
Madrigal Richard

Purchase Details

Closed on
Jan 27, 2003
Sold by
Schneider Martin S
Bought by
Madrigal Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,500
Interest Rate
8.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2002
Sold by
Kaufman Richard I
Bought by
Kaufman Richard I and Kaufman Louise A

Purchase Details

Closed on
Feb 4, 2002
Sold by
Schneider Martin S
Bought by
Schneider Martin S and Schneider Tobi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2002
Sold by
Schneider Martin S
Bought by
Schneider Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2001
Sold by
Schneider Martin S
Bought by
Schneider Martin S and Schneider Tobi J

Purchase Details

Closed on
Jan 25, 2000
Sold by
Schneider Tobi
Bought by
Schneider Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.75%

Purchase Details

Closed on
Jan 20, 2000
Sold by
Weinstein Harold And Sharron Trs
Bought by
Schneider Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.75%

Purchase Details

Closed on
Oct 13, 1993
Sold by
Weinstein Harold J
Bought by
Weinstein Harold J and Weinstein Sharron H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
6.81%
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
Arevalo Reynaldo -- None Available
Arevalo Reynaldo -- None Available
Arevalo Reynaldo $625,000 Lawyers Title
Madrigal Jacqueline -- Southland Title Company
Madrigal Richard -- Southland Title Company
Madrigal Richard $535,000 Southland Title Company
Kaufman Richard I -- --
Schneider Martin S -- --
Schneider Martin S -- Southland Title Company
Schneider Martin S -- Southland Title Company
Schneider Martin S -- --
Schneider Martin S -- --
Schneider Martin S -- South Coast Title Company
Schneider Martin S $270,000 South Coast Title Company
Weinstein Harold J -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arevalo Reynaldo $437,500
Previous Owner Madrigal Richard $481,500
Previous Owner Schneider Martin S $266,000
Previous Owner Schneider Martin S $216,000
Previous Owner Weinstein Harold J $151,000
Closed Schneider Martin S $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2021 11/09/21 Sold $1,466,000 +4.7% $470 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $1,400,000 -- $449 / 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 $17,673 $1,555,730 $933,863 $621,867
2024 $17,129 $1,525,226 $915,552 $609,674
2023 $16,947 $1,495,320 $897,600 $597,720
2022 $16,179 $1,466,000 $880,000 $586,000
2021 $9,357 $820,935 $354,643 $466,292
2020 $9,254 $812,518 $351,007 $461,511
2019 $8,982 $796,587 $344,125 $452,462
2018 $8,865 $780,969 $337,378 $443,591
2016 $8,404 $750,645 $324,278 $426,367
2015 $8,235 $739,371 $319,408 $419,963
2014 $8,231 $724,889 $313,152 $411,737
Source: Public Records

Agents Affiliated with this Home

  • jorge Verano

    Seller's Agent in 2021

    jorge Verano

    Better Homes and Gardens Real Estate Town Center

    (818) 848-2888

    1 in this area

    2 Total Sales

    jorge Verano
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,036 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21212872

California Regional Multiple Listing Service (CRMLS)

APN: 2437-021-010

California Los Angeles County Burbank 91505 Northwest District

1720 N Hollywood Way, Burbank, CA

Not Listed for Sale

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