NOT LISTED FOR SALE

1827 Grismer Ave Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $1,015,000 - $1,526,267

4 Beds
4 Baths
2,352 Sq Ft
$562/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $860,000 $366 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,741/month

65 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Laundry Room
  • George Washington Elementary Rated A-
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to Earthwalk Park

About This Home

As of June 2015

Four unit building located in a highly desirable area of Burbank. All units are 1+1. Separate garage building w/1-car per unit.

Last Agent to Sell the Property

Edward Dolce

Rodeo Realty License #01232430 Listed on: 02/23/2015

Rodeo Realty

Last Buyer's Agent

Joyce Starleaf

Equity Union License #00782682

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,074 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,352 Sq Ft Home
  • Property Attached
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 15
  • Tax Tract Number 7683
  • Assessor Parcel Number 2468013019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,000
  • Trash Expense $310
  • Water Sewer Expense $40
  • Gross Income $4,054
  • Net Operating Income $42,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,074 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 40.00
  • Zoning: BUR4
  • Property Type: Residential Income
  • Parcel Number: 2468013019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Levels: One

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Trash Expense: 310.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 7074.00
  • Price Per Lot Square Foot: 121.57
  • Lot Size Acres: 0.1620

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 4054.00
  • Gross Scheduled Income: 48645.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7074.0000 Square Feet
  • Net Operating Income: 42911.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 5734.00
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 7683
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2015
Closed on
Apr 30, 2015
Sold by
Nelson Philip B and Parten Anne
Bought by
Nelson & Parten Llc
Seller's Agent
Edward Dolce
Rodeo Realty
Buyer's Agent
Joyce Starleaf
Equity Union
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%
Current Estimated Value
$1,320,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,817
Avg. Annual Appreciation
4.08%
Original Mortgage
$645,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2013
Sold by
Morales Frank Z and Morales Socorro
Bought by
Pickart Olivia M and The Morales Irrevocable Trust

Purchase Details

Closed on
Apr 26, 2006
Sold by
Morales Frank Z and Morales Socorro
Bought by
Morales Frank Z and Morales Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2006
Sold by
Morales Frank Z and Morales Socorro
Bought by
Morales Frank Z and Morales Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2004
Sold by
Morales Frank Z and Morales Socorro
Bought by
Morales Frank Z and Morales Socorro

Purchase Details

Closed on
Jun 20, 2002
Sold by
Morales Frank Z and Morales Socorro
Bought by
Morales Frank Z and Morales Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.86%

Purchase Details

Closed on
Feb 2, 1994
Sold by
Morales Frank Z and Morales Socorro
Bought by
Morales Frank Z and Morales Socorro
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nelson & Parten Llc -- Accommodation
Nelson Philip B $860,000 Progressive Title
Pickart Olivia M -- None Available
Morales Frank Z -- Accommodation
Morales Frank Z -- Commonwealth Land Title Co
Morales Frank Z -- --
Morales Frank Z -- Stewart Title Company
Morales Frank Z -- --
Morales Frank Z -- Gateway Title Company
Morales Frank Z -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Philip B $645,000
Previous Owner Morales Frank Z $480,000
Previous Owner Morales Frank Z $260,000
Closed Morales Frank Z $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2015 06/12/15 Sold $860,000 -4.3% $366 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $899,000 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,484 $1,033,583 $624,958 $408,625
2024 $11,484 $1,013,317 $612,704 $400,613
2023 $11,363 $993,449 $600,691 $392,758
2022 $10,851 $973,970 $588,913 $385,057
2021 $10,806 $954,873 $577,366 $377,507
2019 $10,371 $926,553 $560,242 $366,311
2018 $10,236 $908,386 $549,257 $359,129
2016 $9,720 $873,115 $527,930 $345,185
2015 $1,070 $80,324 $31,392 $48,932
2014 $1,097 $78,752 $30,778 $47,974
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Edward Dolce

    Rodeo Realty

    (818) 326-3623

    23 Total Sales

    Edward Dolce
    Section Image
  • Joyce Starleaf

    Buyer's Agent in 2015

    Joyce Starleaf

    Equity Union

    (818) 612-0514

    10 in this area

    76 Total Sales

    Joyce Starleaf
    Section Image
  • Alison Tideback

    Buyer Co-Listing Agent in 2015

    Alison Tideback

    Equity Union

    (818) 426-4833

    8 in this area

    61 Total Sales

    Alison Tideback
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15039334

California Regional Multiple Listing Service (CRMLS)

APN: 2468-013-019

California Los Angeles County Burbank 91504 Hillside District

1827 Grismer Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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