L
Seller's Agent in 2018
Leilani Tedeski
Keller Williams Realty-Studio City
(818) 212-2700
1 in this area
2 Total Sales
1932 N Ontario St Burbank, CA 91505
Northwest District NeighborhoodEstimated Value: $1,189,000 - $1,433,000
2
Beds
1
Bath
2,165
Sq Ft
$610/Sq Ft
Est. Value
Highlights
- No Units Above
- Property is near a park
- No HOA
- Providencia Elementary School Rated A-
- Lawn
- Cottage
About This Home
As of March 2018PLEASE, DRIVE BY ONLY! DO NOT DISTURB TENANTS IN ANY WAY or TRESPASS ONTO PROPERTY! PROPERTY TO BE SOLD IN "AS IS" CONDITION.
Non-rent control, one-story, garden-style triplex with quaint courtyard located minutes from Burbank Airport, across the street from elementary school and one block from park. Tenants on month-to-month lease paying rents almost 30% below market. New owner can raise rents to realize tremendous upside that should generate a 5% cap in very short time. Opportunities like this don’t come along often. Triplex consists of three 2+1 units. Newer dual pane windows. Laundry room. Enclosed garages provide landlord an opportunity for additional income stream. Individually metered for gas and electric. Buyer can increase cash flows further with possible residential financing amortized over 30 yrs. Perfect entry-level investment property for first time investor or for one who desires to live in one unit and rent the others. Property is zoned BUR3*. Inspections with accepted offer. Buyer to verify all data. Call broker for set up sheet. Additional triplex also available for sale at 1956 N Ontario.
Last Agent to Sell the Property
Keller Williams Realty-Studio City License #01405073 Listed on: 10/16/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $221
Year Built
- Built in 1951
Lot Details
- 5,581 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Landscaped
- Sprinkler System
- Lawn
- Front Yard
Parking
- 3 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Triplex
- Cottage
- Raised Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2,165 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Blinds
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Location
- Property is near a park
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone, trash collection
- Tax Lot 12
- Tax Tract Number 15399
- Assessor Parcel Number 2463011012
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $200
- Insurance Expense $1,120
- Maintenance Expense $2,000
- Other Expense $2,000
- Pest Control $600
- Professional Management Expense $1,544
- Water Sewer Expense $800
- New Taxes Expense $10,267
- Operating Expense $18,531
- Gross Income $51,480
- Net Operating Income $31,404
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2017
Closed on
Mar 13, 2018
Sold by
Martin Donald E and Martin Concepcion
Bought by
Burbank Housing Corp
Seller's Agent
Leilani Tedeski
Keller Williams Realty-Studio City
List Price
$949,900
Sold Price
$900,000
Premium/Discount to List
-$49,900
-5.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,817
Avg. Annual Appreciation
5.33%
Original Mortgage
$590,019
Outstanding Balance
$508,377
Interest Rate
4.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$812,311
Purchase Details
Closed on
Oct 25, 2013
Sold by
Martin Donald E and Martin Concepcion
Bought by
The Donald E Martin & Concepcion Martin
Purchase Details
Closed on
Sep 7, 2011
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E and Martin Concepcion
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,700
Interest Rate
4.26%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2002
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E and Martin Concepcion
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,246
Interest Rate
5.5%
Purchase Details
Closed on
Apr 4, 1992
Sold by
Martin Donald E and Martin Concepcion
Bought by
Martin Donald E and Martin Concepcion
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Burbank Housing Corp | $900,000 | Old Republic Title | |
| The Donald E Martin & Concepcion Martin | -- | None Available | |
| Martin Donald E | -- | Accommodation | |
| Martin Donald E | -- | First American Title Co | |
| Martin Donald E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burbank Housing Corp | $590,019 | |
| Previous Owner | Martin Donald E | $171,700 | |
| Previous Owner | Martin Donald E | $177,000 | |
| Previous Owner | Martin Donald E | $179,246 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2018 03/30/18 | Sold | $900,000 | -5.3% | $416 / Sq Ft |
| 01/29/2018 01/29/18 | Pending | -- | -- | -- |
| 10/16/2017 10/16/17 | For Sale | $949,900 | -- | $439 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $221 | $1,024,041 | $614,425 | $409,616 |
| 2024 | $221 | $1,003,963 | $602,378 | $401,585 |
| 2023 | $221 | $984,278 | $590,567 | $393,711 |
| 2022 | $214 | $964,980 | $578,988 | $385,992 |
| 2021 | $198 | $946,060 | $567,636 | $378,424 |
| 2019 | $10,250 | $918,000 | $550,800 | $367,200 |
| 2018 | $4,828 | $420,064 | $261,553 | $158,511 |
| 2016 | $4,571 | $403,754 | $251,398 | $152,356 |
| 2015 | $4,480 | $397,690 | $247,622 | $150,068 |
| 2014 | $4,484 | $389,901 | $242,772 | $147,129 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17237462
APN: 2463-011-012
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