NOT LISTED FOR SALE

1823 Grismer Ave Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $1,144,000 - $1,519,976

4 Beds
3 Baths
2,038 Sq Ft
$635/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $905,000 $444 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,711/month

21 Days on Market

Highlights

  • Central Heating and Cooling System
  • 2 Car Garage
  • 1-minute walk to Earthwalk Park
  • George Washington Elementary Rated A-
  • 1-Story Property

About This Home

As of May 2019

Nestled in a quiet and tranquil neighborhood of Burbank, lies this sweet and spacious duplex with a pretty garden and ample living spaces. With 1 (one) 2 bedroom, one bathroom unit (936 sf) & 1 (one) 2 bedroom, 2 bathroom unit (1,102 sf), this duplex will attract both young families and working professionals and is in an ideal area as there are local businesses and schools within a 10 minute drive! The 2 bedroom, 2 bathroom unit was built in 2013, making this an incredibly rare opportunity to invest in! The unit at the front (built in 1921) is quintessentially Spanish-style, and the new build in the rear has been cleverly constructed to match the same aesthetic of this timeless neighborhood, with some modern additions & upgrades. The property is situated just a 2-minute walk from a local park and playground and is only 5 minutes from local bus stops and main roads. Porto's Bakery is a 10 minute drive away and draws huge crowds for their delicious baked goods.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 03/11/2019

Co-Listed By

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2013

Lot Details

  • 6,897 Sq Ft Lot

Interior Spaces

  • 2,038 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2468-013-018

Property Details

Home Type

Multi-Family

Year Built

Built in 2013

Lot Details

6,897 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2038
  • Stories: 1
  • Year Built: 2013
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 437.19

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central, Wall/Window
  • Heating: Central, Wall
  • Water Expense: 1085.00

Fee Information

  • Insurance Expense: 1338.00
  • Maintenance Expense: 2670.00

Lot Info

  • Assessed Improvement Value: 260611
  • Assessed Land Value: 136397
  • Assessor Parcel Number: 2468-013-018
  • Geocode Override: No
  • Lot Size Area: 6897

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.69
  • Number Of Units: 2
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 10692.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Shahbazyan Aris and Vardanyan Anita
Bought by
Aris Shahbazyan And Anita Vardanyan Family Tr and Shahbazyan
Current Estimated Value
$1,293,744

Purchase Details

Listed on
Mar 11, 2019
Closed on
May 3, 2019
Sold by
Alebyan Arutyun
Bought by
Nazaryan Vanna
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$891,000
Sold Price
$905,000
Premium/Discount to List
$14,000
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$724,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2019
Closed on
Apr 5, 2019
Sold by
David And Esther Weiswasser 2005 Trust
Bought by
Shahbazyan Aris and Shahbazyan Anita
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$891,000
Sold Price
$905,000
Premium/Discount to List
$14,000
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2005
Sold by
Weiswasser David
Bought by
Weiswasser David and Weiswasser Esther

Purchase Details

Closed on
Jun 9, 1999
Sold by
Family Mtg Service Corp #13
Bought by
Weiswasser David

Purchase Details

Closed on
Jan 5, 1999
Sold by
First Trust National Assn
Bought by
Family Mtg Service Corp #13

Purchase Details

Closed on
Oct 28, 1998
Sold by
Wilson Floyd C
Bought by
Financial Security Assurance Inc and Salomon Brothers Mtg Securities Vii Inc

Purchase Details

Closed on
Mar 6, 1996
Sold by
Wilson Floyd C
Bought by
Wilson Floyd C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.01%

Purchase Details

Closed on
Mar 22, 1994
Sold by
Wilson Floyd and Wilson Susan
Bought by
Wilson Floyd C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.21%

Purchase Details

Closed on
Feb 28, 1994
Sold by
Wilson Susan K
Bought by
Wilson Floyd C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Aris Shahbazyan And Anita Vardanyan Family Tr -- None Listed On Document
Nazaryan Vanna -- Ticor Title
Shahbazyan Aris $905,000 Ticor Title
Weiswasser David -- None Available
Weiswasser David -- North American Title Co
Family Mtg Service Corp #13 -- North American Title Co
Financial Security Assurance Inc $138,172 North American Title Co
Wilson Floyd C -- Landsafe Title Company
Wilson Floyd C -- Chicago Title
Wilson Floyd C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shahbazyan Aris $724,000
Previous Owner Wilson Floyd C $20,000
Previous Owner Wilson Floyd C $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $905,000 +1.6% $444 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $891,000 -- $437 / Sq Ft
Source: The MLS

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 $12,554 $1,102,571 $661,583 $440,988
2024 $12,153 $1,080,953 $648,611 $432,342
2023 $12,024 $1,059,759 $635,894 $423,865
2022 $10,534 $951,316 $572,892 $378,424
2021 $10,492 $932,663 $561,659 $371,004
2020 $10,377 $923,100 $555,900 $367,200
2019 $5,415 $413,045 $141,906 $271,139
2018 $4,643 $404,947 $139,124 $265,823
2016 $4,395 $389,224 $133,723 $255,501
2015 $4,308 $383,379 $131,715 $251,664
2014 $4,253 $215,640 $129,135 $86,505
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2019

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 338-9523

    75 Total Sales

    Benjamin Hsiang
    Section Image
  • Alexander Metaxas

    Seller Co-Listing Agent in 2019

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    38 Total Sales

    Alexander Metaxas
    Section Image
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Map

Source: The MLS

MLS Number: 19-442650

The MLS

APN: 2468-013-018

California Los Angeles County Burbank 91504 Hillside District

1823 Grismer Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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