NOT LISTED FOR SALE

Estimated Value: $1,071,000 - $1,337,110

4 Beds
2 Baths
1,716 Sq Ft
$691/Sq Ft Est. Value

Last Sold December 31, 2012

Last sale price $520,000 $303 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,816/month

8 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • No HOA
  • George Washington Elementary Rated A-
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2012

Fantastic investment opportunity. Meticulously maintained duplex in beautiful Burbank. Hardwood floors throughout both units. Upgraded kitchens. Laundry area indoors in kitchens. Detached two car garage. Well maintained yard. Hasn't been on the market in 40+ years. Properties are both currently leased.

Last Agent to Sell the Property

Barry Kessler

Pinnacle Estate Properties, Inc. License #01890084 Listed on: 11/13/2012

Pinnacle Estate Properties, Inc.

Co-Listed By

Debra Kessler

Century 21 Everest License #01767690

Last Buyer's Agent

Linda Smith

Keller Williams Realty World Media Center License #01223592

Keller Williams Realty World Media Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,157

Year Built

  • Built in 1947

Lot Details

  • 6,348 Sq Ft Lot
  • 1 Common Wall
  • Sprinklers on Timer
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Seismic Tie Down
  • Stucco

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 13176
  • Assessor Parcel Number 2468020033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $500
  • Insurance Expense $2,200
  • Maintenance Expense $2,000
  • Water Sewer Expense $500
  • New Taxes Expense $5,150
  • Net Operating Income $21,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,157

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: BUR4
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 2468020033
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Tile Counters, Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 303.03
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised, Seismic Tie Down
  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Laundry Features: Gas Dryer Hookup, In Kitchen
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6348.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 32100.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 6348.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 21750.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10350.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5150.00
  • Tax Lot: 3
  • Tax Tract Number: 13176
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2012
Closed on
Dec 5, 2012
Sold by
Benavides Darlene M
Bought by
Catie Sally
Seller's Agent
Barry Kessler
Pinnacle Estate Properties, Inc.
Buyer's Agent
Linda Smith
Keller Williams Realty World Media Center
List Price
$515,000
Sold Price
$520,000
Premium/Discount to List
$5,000
0.97%
Current Estimated Value
$1,186,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$666,028
Avg. Annual Appreciation
6.64%
Original Mortgage
$390,000
Outstanding Balance
$268,930
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$917,098

Purchase Details

Closed on
Mar 3, 1997
Sold by
Mahony K Aileen
Bought by
Mahony K Aileen and K Aileen Mahony Revocable Trust
Source: Public Records

Range of Values:

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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
Catie Sally $520,000 Consumers Title Company
Mahony K Aileen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catie Sally $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2012 12/31/12 Sold $520,000 +1.0% $303 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
11/13/2012 11/13/12 For Sale $515,000 -- $300 / 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 $7,157 $640,331 $381,737 $258,594
2024 $7,157 $627,776 $374,252 $253,524
2023 $7,082 $615,467 $366,914 $248,553
2022 $6,762 $603,400 $359,720 $243,680
2021 $6,733 $591,569 $352,667 $238,902
2019 $6,462 $574,024 $342,207 $231,817
2018 $6,359 $562,770 $335,498 $227,272
2016 $6,033 $540,919 $322,471 $218,448
2015 $5,912 $532,795 $317,628 $215,167
2014 $5,903 $522,360 $311,407 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12140284

California Regional Multiple Listing Service (CRMLS)

APN: 2468-020-033