NOT LISTED FOR SALE

2002 W Victory Blvd Burbank, CA 91506

Northwest District Neighborhood

Estimated Value: $959,000 - $1,195,803

2 Beds
2 Baths
1,288 Sq Ft
$831/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $835,000 $648 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,124/month

27 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Thomas Edison Elementary School Rated A
  • Living Room
  • Wall Furnace

About This Home

As of October 2022

Duplex in prime Burbank location near Costco, studios, Downtown Burbank, Magnolia Park and 134 and 5 freeways. Each 1 bed 1 bath unit has their own washer and dryer, hardwood floors, living room and bedroom. Two 1 car garages and separate yards with grass.

Last Agent to Sell the Property

Patrick Barnes

Real Estate One License #01802953 Listed on: 08/05/2022

Real Estate One

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 1939

Lot Details

  • 5,722 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 153
  • Tax Tract Number 7451
  • Assessor Parcel Number 2438020024
  • $192 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $605
  • Water Sewer Expense $2,046
  • Operating Expense $8,531
  • Gross Income $42,450
  • Net Operating Income $34,009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,722

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 2046.00
  • Zoning: BUR4*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2438020024
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 648.29
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5722.00
  • Lot Size Acres: 0.1314

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 644 Square Feet
  • Gross Income: 42450.00
  • Gross Scheduled Income: 42540.00
  • Insurance Expense: 605.00
  • Lot Size Area: 5722.0000 Square Feet
  • Net Operating Income: 34009.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 8531.00
  • Rent Control: No
  • Total Expenses: 8531.00

Tax Info

  • Tax Census Tract: 3109.00
  • Tax Lot: 153
  • Tax Tract Number: 7451
  • Tax Annual Amount: 5722.00
  • TaxOtherAnnualAssessmentAmount: 192.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Nov 3, 2022
Sold by
Markaryan Edward and Zabounian Lilit
Bought by
7Edge Capital Llc
Seller's Agent
Patrick Barnes
Real Estate One
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$94,900
Sold Price
$835,000
Premium/Discount to List
$740,100
779.87%
Views
19
Current Estimated Value
$1,019,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,941
Avg. Annual Appreciation
7.94%

Purchase Details

Listed on
Aug 5, 2022
Closed on
Aug 21, 2022
Sold by
Josiah And Shannon Boggs Family Trust
Bought by
Security Eat 616 Inc
Seller's Agent
Patrick Barnes
Real Estate One
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$94,900
Sold Price
$835,000
Premium/Discount to List
$740,100
779.87%
Views
19

Purchase Details

Closed on
Feb 3, 2022
Sold by
Boggs Josiah C
Bought by
Josiah And Shannon Boggs Family Trust and Famil Shannon

Purchase Details

Closed on
Oct 13, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Boggs Josiah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2009
Sold by
Holst Randy D
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jul 21, 2006
Sold by
Oslund Ricky E and The Ricky Oslund Living Trust
Bought by
Holst Randy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 10, 2003
Sold by
Oslund Ricky E and Oslund Trust
Bought by
Oslund Ricky E and Ricky Oslund Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
7Edge Capital Llc -- None Listed On Document
7Edge Capital Llc -- None Listed On Document
Security Eat 616 Inc -- None Listed On Document
Josiah And Shannon Boggs Family Trust -- None Listed On Document
Boggs Josiah C $380,000 Chicago Title Company
Hsbc Bank Usa National Association $450,000 None Available
Holst Randy D $550,000 Security Union Title
Oslund Ricky E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boggs Josiah C $285,000
Previous Owner Holst Randy D $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $835,000 -7.1% $648 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $899,000 +847.3% $698 / Sq Ft
08/05/2022 08/05/22 For Sale $94,900 -- $74 / 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 $9,556 $868,734 $660,654 $208,080
2024 $9,556 $851,700 $647,700 $204,000
2023 $9,454 $835,000 $635,000 $200,000
2022 $5,183 $462,208 $425,723 $36,485
2021 $5,160 $453,146 $417,376 $35,770
2019 $4,953 $439,708 $404,998 $34,710
2018 $4,880 $431,087 $397,057 $34,030
2016 $4,631 $414,349 $381,640 $32,709
2015 $4,537 $408,126 $375,908 $32,218
2014 $4,534 $400,132 $368,545 $31,587
Source: Public Records

Agents Affiliated with this Home

  • Patrick Barnes

    Seller's Agent in 2022

    Patrick Barnes

    Real Estate One

    (818) 414-6405

    2 in this area

    28 Total Sales

    Patrick Barnes
    Section Image

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,214 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22166474

California Regional Multiple Listing Service (CRMLS)

APN: 2438-020-024

California Los Angeles County Burbank 91506 Northwest District

2002 W Victory Blvd, Burbank, CA

Not Listed for Sale

MultiFamily

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