1923 Grismer Ave Burbank, CA 91504
Hillside District NeighborhoodEstimated payment $8,628/month
Highlights
- Property is near a park
- Wood Flooring
- Corner Lot
- George Washington Elementary Rated A-
- Spanish Architecture
- 1-minute walk to Earthwalk Park
About This Home
This Multi Family property offers a move-in-condition Main House, Plus a Rear 2 Story Duplex in need of cosmetic enhancements and routine maintenance to align with the area's higher rental values. Current rents are lower than average due to all tenants residing for over 25 and 30 years. Lot is Zoned R4 for High-Density Residential/Multi-Family, property. The property features a main house built with a Spanish architectural style in 1923 and has 3 bedrooms (Title States 2) and 1 bath, approx. 884 sq. ft. of living space, equipped with inside laundry hookups. The front yard is nicely shaded with trees and offers a nice area to enjoy the outdoors. Additionally, two rear units are accessed from 1710 Peyton Ave and were added added in 1961, each with 2 bedrooms, 1 bath, and approx. 810 sq. ft.. Both units come with inside laundry hookups, a balcony for the upper unit, and a gated yard for the lower unit, providing desirable amenities for tenants. One unit of Duplex is currently Section 8. Main house has new permitted roof as of 2023. The location is convenient--directly across from Earth Walk Park, and with close proximity to schools, Shopping and the Burbank Airport and major freeways. The location offers convenience and a vibrant neighborhood. Buyer to confirm square footage. Submit offers with POF and Lenders Letter of Approval.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,064
Year Built
- Built in 1923
Lot Details
- 6,400 Sq Ft Lot
- No Common Walls
- Corner Lot
- Rectangular Lot
- Paved or Partially Paved Lot
Home Design
- Spanish Architecture
- Raised Foundation
- Block Foundation
- Slab Foundation
- Stucco
Interior Spaces
- 2,504 Sq Ft Home
- 2-Story Property
- Fireplace
Kitchen
- Gas Oven or Range
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 6 Parking Spaces
- Parking Available
- Shared Driveway
- Assigned Parking
Location
- Property is near a park
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2468014010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Net Operating Income $40,698
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,064 | $899,308 | $601,795 | $297,513 |
| 2024 | $10,064 | $881,676 | $589,996 | $291,680 |
| 2023 | $9,959 | $864,389 | $578,428 | $285,961 |
| 2022 | $8,086 | $715,080 | $550,408 | $164,672 |
| 2021 | $8,047 | $701,060 | $539,616 | $161,444 |
| 2020 | $7,958 | $693,872 | $534,083 | $159,789 |
| 2019 | $7,726 | $680,267 | $523,611 | $156,656 |
| 2018 | $7,571 | $666,930 | $513,345 | $153,585 |
| 2016 | $7,179 | $641,034 | $493,412 | $147,622 |
| 2015 | $7,035 | $631,406 | $486,001 | $145,405 |
| 2014 | $7,029 | $619,038 | $476,481 | $142,557 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,475,000 | -- | $589 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $55,000 | American Title Company | |
| Grant Deed | -- | -- |
Source: Ventura County Regional Data Share
MLS Number: 225003754
APN: 2468-014-010
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