NOT LISTED FOR SALE
4 Beds
5 Baths
3,193 Sq Ft
0.33 Acres

Last Sold August 17, 2016

Last sale price $1,475,000 $462 Per Sq Ft

7 Days on Market

About This Home

As of August 2016

Rare Development Opportunity in Burbank. OWNER MAY CARRY 1ST TD* R4 zoning. 14,347 SF Lot. Currently there are 5 units on the property. 2 bedroom house, 2 single units & 2 one bedroom units. All tenants are on month to month. Per the City of Burbank, 10 units can be built on this parcel. 243 Feet Deep lot

Last Agent to Sell the Property

Brett Howard

Howard Realty Group License #01120327 Listed on: 07/13/2016

Last Buyer's Agent

Syrus Jamneshan

Coldwell Banker Residential Brokerage License #01163234

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 0.33 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,193 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 4987
  • Assessor Parcel Number 2468016028

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $4,390
  • Net Operating Income $27,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 2468016028
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 461.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14347.00
  • Price Per Lot Square Foot: 102.81

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 4390.00
  • Gross Scheduled Income: 52680.00
  • Insurance Expense: 1.00
  • Net Operating Income: 27680.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 25000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 4
  • Tax Tract Number: 4987

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/17/2016 08/17/16 Sold $1,475,000 -1.6% $462 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $1,499,000 -- $469 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16152381

California Regional Multiple Listing Service (CRMLS)