NOT LISTED FOR SALE

Estimated Value: $1,135,000 - $1,590,000

4 Beds
3 Baths
2,075 Sq Ft
$647/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $935,000 $451 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,012/month

8 Days on Market

Highlights

  • Laundry Room
  • Back and Front Yard
  • 1-Story Property
  • George Washington Elementary Rated A-

About This Home

As of December 2017

Please, DO NOT DISTURB Occupants. DRIVE-BY Only. Shown by APPOINTMENT. We are pleased to present a wonderful Triplex located in Burbank, CA. Main house features a 2x1 and 1x1. The detached unit is a 1x1. There is a garage for each unit (Not carport). Each unit is made up of hardwood flooring and tile throughout and has newer dual pane windows. This property is located in one of the most desirable pockets of Burbank, just minutes from Downtown Burbank, The Studios, and the Bob Hope Airport. Directly adjacent to Burbank are the NoHo arts district, Studio City, Toluca Lake, and Universal City, which all offer an abundance of entertainment and fine dining. Property is well maintained and has excellent long-term tenants on month-to-month agreements. All three units plus the laundry room have separate water/gas meters. The laundry room includes 2 new washers and 2 new dryers. This location is ideal for a variety of tenants, from middle-class professionals to blue-collar workers. Each unit has had the bathrooms updated bathrooms and all copper plumbing. The property is non-rent control, which is important when investing in a city like Burbank, which is expected to grow in the years to come. A stable tenant base with relatively higher incomes makes this a great investment.

Last Agent to Sell the Property

Michael Albornoz

HAUS OF REAL ESTATE License #01926840 Listed on: 09/21/2017

HAUS OF REAL ESTATE

Last Buyer's Agent

Pauline Chernick

NextHome Grandview License #01895444

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,462 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,075 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 67
  • Tax Tract Number 4408
  • Assessor Parcel Number 2468024031

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Fuel Expense $240
  • Gardener Expense $720
  • Insurance Expense $1,997
  • Water Sewer Expense $1,080
  • New Taxes Expense $8,346
  • Operating Expense $12,623
  • Net Operating Income $43,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.90
  • Property Attached: Yes
  • Water Sewer Expenses: 1080.00
  • Zoning: BUR3*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2468024031
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 450.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6462.00

Multi Family

  • Electric Expense: 240.00
  • Fuel Expense: 240.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1997.00
  • Net Operating Income: 43777.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 12623.00
  • Rent Control: No
  • Total Actual Rent: 4700.00
  • Total Expenses: 12623.00

Tax Info

  • New Taxes Expense: 8346.00
  • Tax Census Tract: 3106.01
  • Tax Lot: 67
  • Tax Tract Number: 4408

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2020
Sold by
Chernick Pauline
Bought by
Chernick Pauline and The Pauline Chernick Living Tr
Current Estimated Value
$1,341,585

Purchase Details

Closed on
Oct 8, 2017
Sold by
Kim Cristina E and The Cristina E Kim Life Estate
Bought by
Chernick Pauline and The Pauline Chemick Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2017
Sold by
Baccam Vi Tuong and The Cristina E Kim Life Estate
Bought by
Kim Cristina E and The Cristina E Kim Life Estate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2017
Sold by
Kim Joon Yung and The Cristina E Kim Life Estate
Bought by
The Vi Tuong Baccam and The Cristina E Kim Life Estate

Purchase Details

Closed on
Nov 1, 2015
Sold by
Kim Cristina Ernhae
Bought by
Kim Joon Yung and The Cristina E Kim Life Estate

Purchase Details

Closed on
Oct 18, 2005
Sold by
Chase Nicole
Bought by
Chase Christopher C

Purchase Details

Closed on
Feb 10, 2005
Sold by
Chase Christopher C
Bought by
Kim Cristina Ernhae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2003
Sold by
Chase Christopher and Chase Heather
Bought by
Chase Christopher C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 1996
Sold by
Caples Everett D
Bought by
Chase Christopher and Chase Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,326
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 1996
Sold by
Caples Lucille M
Bought by
Caples Everett D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,326
Interest Rate
7.05%
Mortgage Type
FHA
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
Chernick Pauline -- None Available
Chernick Pauline -- Priority Title Company
Chernick Pauline $935,000 None Available
Kim Cristina E -- None Available
The Vi Tuong Baccam -- None Available
Kim Joon Yung -- None Available
Chase Christopher C -- Chicago Title Co
Kim Cristina Ernhae $629,000 Chicago Title Los Angeles
Chase Christopher C -- First American Title Ins Co
Chase Christopher $195,000 --
Caples Everett D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chernick Pauline $400,000
Previous Owner Kim Cristina Ernhae $503,200
Previous Owner Chase Christopher C $180,000
Previous Owner Chase Christopher $189,326
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $935,000 +4.0% $451 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $899,000 -3.9% $433 / Sq Ft
09/28/2017 09/28/17 Off Market $935,000 -- --
09/21/2017 09/21/17 For Sale $899,000 -- $433 / 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 $11,779 $1,063,866 $853,369 $210,497
2024 $11,779 $1,043,007 $836,637 $206,370
2023 $11,655 $1,022,557 $820,233 $202,324
2022 $11,128 $1,002,507 $804,150 $198,357
2021 $11,084 $982,851 $788,383 $194,468
2020 $10,963 $972,974 $780,300 $192,674
2019 $10,637 $953,900 $765,000 $188,900
2018 $10,499 $935,200 $750,000 $185,200
2016 $8,091 $726,114 $610,678 $115,436
2015 $7,871 $710,000 $597,000 $113,000
2014 $7,574 $670,000 $563,400 $106,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17218730

California Regional Multiple Listing Service (CRMLS)

APN: 2468-024-031