NOT LISTED FOR SALE

1748 Scott Rd Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $1,264,000 - $1,731,000

8 Beds
4 Baths
3,136 Sq Ft
$490/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $765,000 $244 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $8,961/month

Highlights

  • View of Hills
  • Property is near a park
  • Private Yard
  • Thomas Jefferson Elementary School Rated A
  • Traditional Architecture
  • 4-minute walk to Earthwalk Park

About This Home

As of May 2014

Standard Burbank 4-plex for the area with 2 units up and 2 units down. All units 2 bedroom and 1 bath with two exits each. Building has 4 car garage in rear. Building has newer exterior and interior paint (3-5 years old), new windows, and some units have been remodeled in last 5 years. Three of the units are currently rented.

Last Agent to Sell the Property

Thomas Kennedy

Vanguard Realty & Mortgage, Inc. License #01714692 Listed on: 04/02/2014

Last Buyer's Agent

Thomas Kennedy

Vanguard Realty & Mortgage, Inc. License #01714692 Listed on: 04/02/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,695 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,136 Sq Ft Home
  • Views of Hills

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 12730
  • Assessor Parcel Number 2468008009

Community Details

Overview

  • 4 Units
  • Foothills

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,160
  • Trash Expense $1,080
  • New Taxes Expense $11,493
  • Gross Income $4,975
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • View: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 2468008009
  • Year Built: 1944
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 243.94

Exterior Features

  • Foundation: Raised
  • View: Hills
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Foothills

Lot Info

  • Lot Features: Lawn, Level, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 6695.00
  • Lot Size Acres: 0.1540

Multi Family

  • Average2 Bed Area: 784
  • Gross Income: 4975.00
  • Gross Scheduled Income: 59700.00
  • Insurance Expense: 2160.00
  • Lot Size Area: 6695.0000 Square Feet
  • Net Operating Income: 39000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 20700.00
  • Rent Control: No
  • Total Actual Rent: 4975.00

Tax Info

  • New Taxes Expense: 11493.00
  • Tax Lot: 9
  • Tax Tract Number: 12730
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jun 11, 2014
Sold by
Mazanians Vazgen and Mazanians Marina
Bought by
Vazgen Mazanians and Vazgen Marina Mazanians
Seller's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
Buyer's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
List Price
$629,999
Sold Price
$765,000
Premium/Discount to List
$135,001
21.43%
Current Estimated Value
$1,538,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$773,074
Avg. Annual Appreciation
6.69%
Original Mortgage
$535,500
Outstanding Balance
$406,620
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$1,215,170

Purchase Details

Listed on
Apr 2, 2014
Closed on
May 6, 2014
Sold by
Mallari Fe Venzon and The Fe Venzon Mallari Revocabl
Bought by
Mazanians Vazgen and Mazanians Marina
Seller's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
Buyer's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
List Price
$629,999
Sold Price
$765,000
Premium/Discount to List
$135,001
21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,500
Outstanding Balance
$406,620
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$1,215,170

Purchase Details

Closed on
Feb 8, 2006
Sold by
Mallari Fe Venzon
Bought by
Mallari Fe Venzon and Fe Venzon Mallari Revocable Tr

Purchase Details

Closed on
Oct 4, 2005
Sold by
Tjac Llc
Bought by
Mallari Fe Venzon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,300
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2001
Sold by
Cripps Cameron C and Cripps Elisabeth A
Bought by
Tjac Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 29, 2001
Sold by
Tjac Llc
Bought by
Cripps Cameron and Cripps Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.05%

Purchase Details

Closed on
Jan 19, 2001
Sold by
Cripps Cameron and Cripps Lisa
Bought by
Tjac Llc

Purchase Details

Closed on
Mar 18, 2000
Sold by
Lo William W and Lo Rhoda M
Bought by
Cripps Cameron and Cripps Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vazgen Mazanians -- Accommodation
Mazanians Vazgen $765,000 Chicago Title Company
Mallari Fe Venzon -- Accommodation
Mallari Fe Venzon $989,000 Southland Title
Tjac Llc -- Southland Title Corporation
Cripps Cameron -- Southland Title
Tjac Llc -- Southland Title
Cripps Cameron $320,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mazanians Vazgen $535,500
Previous Owner Mallari Fe Venzon $692,300
Previous Owner Cripps Cameron $295,000
Previous Owner Cripps Cameron $256,000
Closed Cripps Cameron $32,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $765,000 +21.4% $244 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $629,999 -- $201 / 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 $10,836 $937,773 $557,762 $380,011
2024 $10,466 $919,386 $546,826 $372,560
2023 $10,357 $901,359 $536,104 $365,255
2022 $9,891 $883,687 $525,593 $358,094
2021 $9,842 $866,361 $515,288 $351,073
2020 $9,733 $857,479 $510,005 $347,474
2019 $9,446 $840,666 $500,005 $340,661
2018 $9,354 $824,183 $490,201 $333,982
2016 $8,870 $792,181 $471,167 $321,014
2015 $8,692 $780,283 $464,090 $316,193
2014 $9,733 $860,000 $652,200 $207,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Thomas Kennedy

    Vanguard Realty & Mortgage, Inc.

    (805) 521-6325

    Thomas Kennedy
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12134993

California Regional Multiple Listing Service (CRMLS)

APN: 2468-008-009

California Los Angeles County Burbank 91504 Hillside District

1748 Scott Rd, Burbank, CA

Not Listed for Sale

MultiFamily

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