NOT LISTED FOR SALE

Estimated Value: $1,149,000 - $1,326,000

2 Beds
2 Baths
1,000 Sq Ft
$1,243/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $1,150,000 $1,150 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,719/month

14 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Lawn
  • George Washington Elementary Rated A-
  • Stone Countertops
  • 1-minute walk to Earthwalk Park

About This Home

As of February 2022

Don't miss this great investment in the heart of Burbank! TWO renovated units, TWO separate addresses and NO rent control. The large garage in the back is a great ADU opportunity and could be converted into a 3rd unit! Both units completely renovated in 2019 and central air conditioning added to each. Each unit has its own interior laundry, private front and back yards, and volumes of convenient parking. This property is being sold with month-to-month tenants in place.

Last Agent to Sell the Property

Brett Beard

Pacific Sotheby's Int'l Realty License #01885220 Listed on: 01/03/2022

Pacific Sotheby's Int'l Realty

Co-Listed By

Lydia Gracian-Beard

Pacific Sotheby's Int'l Realty License #01905097

Last Buyer's Agent

Tami Yu

Omni Realty & Investment Group License #01894564

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,258

Year Built

  • Built in 1941

Lot Details

  • 4,862 Sq Ft Lot
  • 1 Common Wall
  • Privacy Fence
  • Wood Fence
  • Stucco Fence
  • Landscaped
  • Backyard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Living Room
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Microwave
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 3097
  • Assessor Parcel Number 2468015004
  • $187 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $100
  • Water Sewer Expense $450
  • Operating Expense $1,350
  • Gross Income $57,000
  • Net Operating Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,258

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 535000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 450.00
  • Zoning: BUR4*
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2468015004
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1150.00
  • Room Type: Laundry, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s), Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Privacy, Stucco Wall, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Sprinklers In Rear
  • Lot Size Sq Ft: 4862.00
  • Lot Size Acres: 0.1116

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 500 Square Feet
  • Gross Income: 57000.00
  • Gross Operating Income: 3000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 4862.0000 Square Feet
  • Net Operating Income: 57000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 1350.00

Tax Info

  • Tax Area: 2530
  • Tax Census Tract: 3106.01
  • Tax Lot: 25
  • Tax Rate: 1.11
  • Tax Tract Number: 3097
  • Tax Year: 2020
  • TaxOtherAnnualAssessmentAmount: 187.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2019
Sold by
Precision Construction Inc
Bought by
Garcia Juan
Current Estimated Value
$1,242,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Outstanding Balance
$518,645
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$723,938

Purchase Details

Listed on
May 1, 2018
Closed on
Jul 26, 2018
Sold by
Barone Richard Jeffrey
Bought by
Precision Construction Inc
Seller's Agent
Stephanie Vitacco
Equity Union
Buyer's Agent
Brett Beard
Pacific Sotheby's Int'l Realty
List Price
$729,500
Sold Price
$715,000
Premium/Discount to List
-$14,500
-1.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$572,000
Interest Rate
4.5%

Purchase Details

Closed on
Oct 27, 2014
Sold by
Barone Richard Jeffrey
Bought by
Barone Richard Jeffrey and Barone Richard Jeffrey

Purchase Details

Closed on
Jul 18, 2013
Sold by
Barone Richard Jeffrey and The Richard Jeffrey Barone Rev
Bought by
Barone Richard Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,323
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Barone Richard J
Bought by
Barone Richard Jeffery and Barone Richard Jeffery

Purchase Details

Closed on
Jan 7, 2003
Sold by
Hsu William W and Hsu Betty U I
Bought by
Barone Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.83%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 12, 1999
Sold by
Hsu William W and Hsu Betty U
Bought by
Hsu William W and Hsu Betty U I
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
Garcia Juan -- Servicelink
Precision Construction Inc $715,000 Wfg Title Company
Barone Richard Jeffrey -- None Available
Barone Richard Jeffrey -- Orange Coast Title Company
Barone Richard Jeffery -- None Available
Barone Richard $265,000 North American Title Co
Hsu William W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Juan $592,000
Previous Owner Precision Construction Inc $572,000
Previous Owner Barone Richard Jeffrey $231,323
Previous Owner Barone Richard $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2022 02/16/22 Sold $1,150,000 0.0% $1,150 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/17/2022 01/17/22 Off Market $1,150,000 -- --
01/03/2022 01/03/22 For Sale $1,070,000 +49.7% $1,070 / Sq Ft
08/22/2018 08/22/18 Sold $715,000 -2.0% $715 / Sq Ft View Prior Sale
07/23/2018 07/23/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $729,500 -- $730 / 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 $13,258 $1,220,388 $732,233 $488,155
2024 $13,258 $1,196,460 $717,876 $478,584
2023 $13,114 $1,173,000 $703,800 $469,200
2022 $8,415 $762,618 $535,894 $226,724
2021 $8,386 $747,666 $525,387 $222,279
2020 $8,177 $729,300 $663,000 $66,300
2019 $7,933 $715,000 $650,000 $65,000
2018 $3,828 $337,304 $318,219 $19,085
2016 $3,632 $324,208 $305,863 $18,345
2015 $3,559 $319,339 $301,269 $18,070
2014 $3,560 $313,085 $295,368 $17,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21269763

California Regional Multiple Listing Service (CRMLS)

APN: 2468-015-004