NOT LISTED FOR SALE

Estimated Value: $1,071,000 - $1,305,365

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

Last Sold December 26, 2012

Last sale price $540,000 $315 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $6,836/month

Highlights

  • Mountain View
  • Lawn
  • Built-In Features
  • George Washington Elementary Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2012

Fantastic investment opportunity or a great two family home. Meticulously maintained two unit - 2 bedroom 1 bath duplex in beautiful Burbank. The front unit has recently installed granite and cabinets in kitchen. Nearly newer carpet and paint throughout. Bath remodeled with tile. Laundry area in kitchens. Rear unit has a rear expanded enclosed patio which is permitted. Recently installed carpet and paint. The unit unit has forced air and floor furnace. Two car detached garage with automatic opener. Private lovely back yard.

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

Deborah Johnson

Centennial Realty Group License #01033659

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,422

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 6,994 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Front and Back Yard Sprinklers
  • 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
  • Seismic Tie Down
  • Stucco

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Mountain Views
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas, grounds care
  • Tax Lot 3
  • Tax Tract Number 13176
  • Assessor Parcel Number 2468020041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 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 $5,300
  • Net Operating Income $5,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,422

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: BUR4
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 2468020041
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Tile Counters, Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 314.69
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised, Seismic Tie Down
  • Other Structures: Shed(s)
  • 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 Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Kitchen
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Landscaped, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 6994.00
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care

Multi Family

  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 6994.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 5700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Drapes: 1
  • Number With Range: 2
  • Operating Expense: 10500.00
  • Rent Control: No
  • Total Actual Rent: 16200.00

Tax Info

  • New Taxes Expense: 5300.00
  • Tax Lot: 3
  • Tax Tract Number: 13176
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2013
Sold by
Needham Danny A
Bought by
Needham Property P2 Llc
Current Estimated Value
$1,185,341

Purchase Details

Listed on
Nov 13, 2012
Closed on
Dec 5, 2012
Sold by
Benavides Darlene M
Bought by
Needham Danny A and Needham Deborah L
Seller's Agent
Barry Kessler
Pinnacle Estate Properties, Inc.
Buyer's Agent
Deborah Johnson
Centennial Realty Group
List Price
$530,000
Sold Price
$540,000
Premium/Discount to List
$10,000
1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$390,000
Outstanding Balance
$268,930
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$916,411

Purchase Details

Closed on
Oct 20, 2009
Sold by
Mahony K Aileen
Bought by
Mahony K Aileen and K Aileen Mahony Revocable Trust

Purchase Details

Closed on
Jun 23, 1997
Sold by
Mahony K Aileen
Bought by
Mahony K Aileen

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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Average Value
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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
Needham Property P2 Llc -- None Available
Needham Danny A $540,000 Consumers Title Company
Mahony K Aileen -- None Available
Mahony K Aileen -- Gateway Title Company
Mahony K Aileen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Needham Danny A $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2012 12/26/12 Sold $540,000 +1.9% $315 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
11/13/2012 11/13/12 For Sale $530,000 -- $309 / 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 $7,422 $664,956 $394,049 $270,907
2024 $7,422 $651,919 $386,323 $265,596
2023 $7,345 $639,138 $378,749 $260,389
2022 $7,013 $626,607 $371,323 $255,284
2021 $6,983 $614,322 $364,043 $250,279
2019 $6,702 $596,103 $353,247 $242,856
2018 $6,597 $584,416 $346,321 $238,095
2016 $6,261 $561,724 $332,874 $228,850
2015 $6,134 $553,287 $327,874 $225,413
2014 $6,125 $542,450 $321,452 $220,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12140289

California Regional Multiple Listing Service (CRMLS)

APN: 2468-020-041