NOT LISTED FOR SALE

Estimated Value: $1,516,000 - $2,066,089

6 Beds
4 Baths
2,642 Sq Ft
$637/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $1,550,000 $587 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,505/month

51 Days on Market

Highlights

  • Golf Course Community
  • Property is near park
  • Laundry Room
  • Thomas Jefferson Elementary School Rated A
  • Park
  • 3-minute walk to Earthwalk Park

About This Home

As of March 2022

An Exceptional Property with Two Separate family homes on a large lot. Detached Double car garage for each house , which would be perfect for an additional ADU unit. Both units have an open floor plan. The front unit has a 3 bed 2 bath beautifully remodeled home with charming curb appeal and lovely landscaping. The unit has remodeled bathrooms and a modern kitchen with a granite countertop. The back unit has 3 bed 2 bath and privacy from street. It has a deck in the back with a private backyard. It also is newly remodeled with granite countertops. Living in the media capital of the world, Burbank residents take pride in top-rated schools, parks and recreation offerings, hiking trails, trendy shops, & restaurants. A great opportunity to own and invest in Burbank.

Last Agent to Sell the Property

Arsen Kobramasihi

Trust and Estate Realty License #01257621 Listed on: 01/04/2022

Last Buyer's Agent

Efi Demirchyan

Media West Realty,Inc. License #01734077

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 9,120 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Interior Spaces

  • 2,642 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Property is near park
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 37
  • Tax Tract Number 3097
  • Assessor Parcel Number 2468005016
  • $379 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

9,120 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Parcel Number: 2468005016
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 586.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Foothills, Golf, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby
  • Lot Size Sq Ft: 9120.00
  • Lot Size Acres: 0.2094

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 9120.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 6450.00

Tax Info

  • Tax Census Tract: 3106.01
  • Tax Lot: 37
  • Tax Tract Number: 3097
  • TaxOtherAnnualAssessmentAmount: 379.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
Mar 3, 2022
Sold by
Aurora Housing Llc
Bought by
Ramesh-Sharada Family Trust
Seller's Agent
Arsen Kobramasihi
Trust and Estate Realty
Buyer's Agent
Efi Demirchyan
Media West Realty,Inc.
List Price
$1,715,000
Sold Price
$1,550,000
Premium/Discount to List
-$165,000
-9.62%
Current Estimated Value
$1,683,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,522
Avg. Annual Appreciation
2.09%
Original Mortgage
$875,000
Outstanding Balance
$816,044
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$867,478

Purchase Details

Listed on
Aug 20, 2015
Closed on
Oct 12, 2015
Sold by
Addams Virginia T and The Virginia T Addams Family T
Bought by
Aurora Housing Llc
Seller's Agent
Robert Crandlemire
RE/MAX Empower
Buyer's Agent
Arsen Kobramasihi
List Price
$975,000
Sold Price
$776,700
Premium/Discount to List
-$198,300
-20.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%

Purchase Details

Closed on
Jan 16, 2002
Sold by
Addams Virginia T
Bought by
Addams Virginia T and Virginia T Addams Family Trust

Purchase Details

Closed on
Nov 6, 2001
Sold by
Addams Virginia T and Virginia T Addams Family Trust
Bought by
Addams Virginia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.84%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Addams Virginia
Bought by
Addams Virginia T and Virginia T Addams Family Trust
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
Ramesh-Sharada Family Trust $1,550,000 Lawyers Title
Aurora Housing Llc $777,000 Orange Coast Title Co Socal
Addams Virginia T -- --
Addams Virginia T -- Old Republic Title
Addams Virginia T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramesh-Sharada Family Trust $875,000
Previous Owner Addams Virginia T $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2022 03/29/22 Sold $1,550,000 -2.5% $587 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/04/2022 02/04/22 Price Changed $1,590,000 -7.3% $602 / Sq Ft
01/04/2022 01/04/22 For Sale $1,715,000 +120.8% $649 / Sq Ft
10/20/2015 10/20/15 Sold $776,700 -20.3% $329 / Sq Ft View Prior Sale
10/12/2015 10/12/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $975,000 -- $412 / 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 $18,110 $1,644,871 $986,923 $657,948
2024 $18,110 $1,612,620 $967,572 $645,048
2023 $17,918 $1,581,000 $948,600 $632,400
2022 $10,605 $946,615 $609,851 $336,764
2021 $10,558 $928,055 $597,894 $330,161
2020 $10,442 $918,540 $591,764 $326,776
2019 $10,135 $900,530 $580,161 $320,369
2018 $9,946 $882,874 $568,786 $314,088
2016 $8,667 $776,700 $546,700 $230,000
2015 $2,787 $238,849 $165,209 $73,640
2014 $2,794 $234,171 $161,973 $72,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22001736

California Regional Multiple Listing Service (CRMLS)

APN: 2468-005-016

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