L
Seller's Agent in 2016
Leilani Tedeski
Keller Williams Realty-Studio City
(818) 212-2700
1 in this area
2 Total Sales
1815 W Victory Blvd Burbank, CA 91506
Northwest District NeighborhoodEstimated Value: $1,157,000 - $1,872,000
4
Beds
4
Baths
1,680
Sq Ft
$932/Sq Ft
Est. Value
Highlights
- No Units Above
- Property is near public transit
- No HOA
- Thomas Edison Elementary School Rated A
- Wood Flooring
- Cottage
About This Home
As of December 2016PLEASE, DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS IN ANY WAY or TRESPASS ONTO PROPERTY. PROPERTY TO BE SOLD IN "AS IS" CONDITION. NO REPAIRS TO BE MADE.
Quaint, non-rent control, one-story, garden-style 4-plex. Great price for 4-plex centrally located near "5 Corners". Walk Score 78! Walk to stores, eateries. Easy access to 5 Frwy. Tremendous upside in rents of ~30%+. Most tenants on month-to-month lease. New owner can achieve market rents after upgrading units. Built in 1941, interiors offer features not available in modern buildings, i.e., paneled walls, built in bookshelf and brick fireplace. Stove and refrigerator included. Four enclosed single garages in rear of property provide additional income stream. Individually metered for gas and electric. Property to be sold with immediately adjacent 4-plex bldg. Investor can further increase cash flows with possible residential financing amortized over 30 yrs. Perfect entry-level investment property for first time investor or for one who desires to live in one unit and rent the others. Property is zoned BUR4* providing future redevelopment opportunity. Inspections with accepted offer. Buyer to verify all information.
Last Agent to Sell the Property
Keller Williams Realty-Studio City License #01405073 Listed on: 07/15/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,019
Year Built
- Built in 1941
Lot Details
- 5,850 Sq Ft Lot
- Lot Dimensions are 45 x 130
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Landscaped
- Level Lot
Parking
- 4 Car Garage
- Parking Available
- Garage Door Opener
- Shared Driveway
- Off-Street Parking
Home Design
- Cottage
- Property Attached
- Raised Foundation
- Wood Siding
- Pre-Cast Concrete Construction
Interior Spaces
- 4 Bathrooms
- 1,680 Sq Ft Home
- Partially Furnished
- Crown Molding
- Ceiling Fan
- Wood Burning Fireplace
- Fireplace Features Masonry
- Wood Frame Window
- Living Room with Fireplace
Kitchen
- Gas Oven
- Gas Cooktop
Flooring
- Wood
- Carpet
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Space Heater
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 58
- Tax Tract Number 7452
- Assessor Parcel Number 2462010040
Community Details
Overview
- No Home Owners Association
- 2 Buildings
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gardener Expense $900
- Insurance Expense $928
- Maintenance Expense $3,300
- Trash Expense $400
- Water Sewer Expense $785
- New Taxes Expense $8,525
- Gross Income $3,365
- Net Operating Income $24,040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 10, 2017
Sold by
Peskind Craig M
Bought by
Alvarez Javier and Silleman Alvarez Dawn Andrea
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.14%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 15, 2016
Closed on
Nov 10, 2016
Sold by
Martin Donald E
Bought by
Peskind Craig M and Peskind Barbara J
Seller's Agent
Leilani Tedeski
Keller Williams Realty-Studio City
Buyer's Agent
Cindy Hill
Equity Union
List Price
$950,000
Sold Price
$850,000
Premium/Discount to List
-$100,000
-10.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Purchase Details
Closed on
Oct 25, 2013
Sold by
Martin Donald E
Bought by
Martin Donald E and Martin Concepcion
Purchase Details
Closed on
Sep 6, 2011
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E and Martin Concepcion
Purchase Details
Closed on
Oct 28, 2002
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
5.5%
Purchase Details
Closed on
Apr 4, 1992
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarez Javier | $1,037,500 | Ticor Title | |
| Peskind Craig M | $850,000 | Ticor Title Co | |
| Martin Donald E | -- | None Available | |
| Martin Donald E | -- | Accommodation | |
| Martin Donald E | -- | First American Title Co | |
| Martin Donald E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alvarez Javier | $603,000 | |
| Previous Owner | Alvarez Javier | $622,500 | |
| Previous Owner | Martin Donald E | $144,500 | |
| Previous Owner | Martin Donald E | $146,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2016 12/28/16 | Sold | $850,000 | -10.5% | $506 / Sq Ft |
| 11/09/2016 11/09/16 | Pending | -- | -- | -- |
| 07/15/2016 07/15/16 | For Sale | $950,000 | -- | $565 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,231 | $1,204,103 | $728,265 | $475,838 |
| 2024 | $13,231 | $1,180,494 | $713,986 | $466,508 |
| 2023 | $13,090 | $1,157,348 | $699,987 | $457,361 |
| 2022 | $12,496 | $1,134,656 | $686,262 | $448,394 |
| 2021 | $12,451 | $1,112,408 | $672,806 | $439,602 |
| 2019 | $11,946 | $1,079,920 | $652,851 | $427,069 |
| 2018 | $11,844 | $1,058,755 | $640,050 | $418,705 |
| 2016 | $3,080 | $267,113 | $147,687 | $119,426 |
| 2015 | $3,019 | $263,102 | $145,469 | $117,633 |
| 2014 | $3,037 | $257,949 | $142,620 | $115,329 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2016
Cindy Hill
Equity Union
(818) 640-8360
4 in this area
76 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16154344
APN: 2462-010-040
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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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