NOT LISTED FOR SALE

1824 N Hollywood Way Burbank, CA 91505

Northwest District Neighborhood

Estimated Value: $1,398,000 - $1,824,000

4 Beds
4 Baths
2,477 Sq Ft
$641/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $1,432,000 $578 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,788/month

19 Days on Market

Highlights

  • No Units Above
  • Bret Harte Elementary School Rated A
  • Laundry Room

About This Home

As of January 2023

Please Please do not go to the property and ask any questions from the tenant. Family owned property probably for the last 50 years. 4 one bedroom with one bath and 3 double door attached garages in the back. Seller is selling this property in AS IS Where is bases with no guarantee from the Seller. One of the unit is vacant and needs a lot of work. See agent remarks for offering procedures. No cash offer will be accepted. Seller to carry with minimum of 25% down payment at close to market rate for 5 to 10 yeas.

Last Agent to Sell the Property

Arthur Mangassarian

Re/Max Tri-City Realty License #00751703 Listed on: 10/20/2022

Re/Max Tri-City Realty

Last Buyer's Agent

Arthur Mangassarian

Re/Max Tri-City Realty License #00751703 Listed on: 10/20/2022

Re/Max Tri-City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,371

Year Built

  • Built in 1947

Lot Details

  • 5,323 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • 2,477 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 206
  • Tax Tract Number 9497
  • Assessor Parcel Number 2437002011
  • $314 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,772
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,000
  • Operating Expense $22,000
  • Gross Income $75,000
  • Net Operating Income $53,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,371

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 324500
  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: BUR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2437002011
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 578.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 5323.00
  • Lot Size Acres: 0.1222

Multi Family

  • Gross Income: 75000.00
  • Gross Operating Income: 75000.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 2772.00
  • Lot Size Area: 5323.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 53000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22000.00
  • Rent Control: Yes
  • Total Expenses: 22000.00

Tax Info

  • Tax Census Tract: 3110.00
  • Tax Lot: 206
  • Tax Tract Number: 9497
  • TaxOtherAnnualAssessmentAmount: 314.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Ri Snyder Family Trust
Bought by
Khoudian-Sharomi Family Trust
Current Estimated Value
$1,588,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,074,000
Interest Rate
6.49%
Mortgage Type
New Conventional
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
Khoudian-Sharomi Family Trust $1,432,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khoudian-Sharomi Family Trust $1,074,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $1,432,000 +10.3% $578 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $1,298,000 -- $524 / 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 $16,371 $1,489,852 $977,976 $511,876
2024 $16,371 $1,460,640 $958,800 $501,840
2023 $4,383 $365,173 $173,779 $191,394
2022 $4,191 $358,014 $170,372 $187,642
2021 $4,162 $350,995 $167,032 $183,963
2019 $3,999 $340,586 $162,079 $178,507
2018 $3,907 $333,908 $158,901 $175,007
2016 $3,691 $320,944 $152,732 $168,212
2015 $3,619 $316,124 $150,438 $165,686
2014 $3,634 $309,933 $147,492 $162,441
Source: Public Records

Agents Affiliated with this Home

  • Arthur Mangassarian

    Seller's Agent in 2023

    Arthur Mangassarian

    RE/MAX

    (818) 409-0040

    1 in this area

    48 Total Sales

    Arthur Mangassarian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22226298

California Regional Multiple Listing Service (CRMLS)

APN: 2437-002-011

California Los Angeles County Burbank 91505 Northwest District

1824 N Hollywood Way, Burbank, CA

This home is located at 1824 N Hollywood Way, Burbank, CA 91505 since 20 October 2022 and is currently estimated at $1,588,861, approximately $641 per square foot. This property was built in 1947. 1824 N Hollywood Way is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Luther Burbank Middle School, and John Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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