$1,210,000
SOLD MAR 19, 2025
4 Beds
4 Baths
2,064 Sq Ft
6,220 Sq Ft

Recently Sold

$586 Per Sq Ft

19% Below List Price

63 Days on Market

Highlights

  • Mountain View
  • Laundry Room
  • 1-Story Property
  • R. L. Stevenson Elementary School Rated A
  • Front Yard

About This Home

As of March 2025

Excellent investment opportunity in Burbank! This 4-unit property features four 1-bedroom, 1-bathroom units, making it highly desirable for tenants. The property offers two 2-car garages with alley access, a private patio, and a backyard for added outdoor space. Convenient laundry facilities are located on the patio. A great chance to own a well-maintained property in a sought-after area! Rents are $1715.59, $1621.54, $1418.22, $1621.54.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group Brokerage Email: brad@bradkorb.com License #00698730 Listed on: 12/09/2024

Last Buyer's Agent

Andre Patatanyan

TruLine Realty License #02083271

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,219 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 12715
  • Assessor Parcel Number 2484006003
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $1,551
  • Water Sewer Expense $2,049
  • New Taxes Expense $18,750
  • Operating Expense $24,750
  • Gross Income $76,523
  • Net Operating Income $51,773

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

6,219 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.22
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2049.00
  • Zoning: BUR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2484006003
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 586.24

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1551.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6219.00
  • Lot Size Acres: 0.1428

Multi Family

  • Gross Income: 76523.00
  • Gross Multiplier: 16.01
  • Gross Scheduled Income: 76523.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6219.0000 Square Feet
  • Net Operating Income: 51773.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24750.00
  • Rent Control: Yes
  • Total Expenses: 24750.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Census Tract: 3115.00
  • Tax Lot: 27
  • Tax Tract Number: 12715

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2026
Sold by
Patatanyan Elena and Gregorian Tigran
Bought by
210 N Florence Llc
Current Estimated Value
$1,215,235

Purchase Details

Listed on
Dec 9, 2024
Closed on
Feb 10, 2025
Sold by
Atmaswaroop Investments Llc
Bought by
Patatanyan Elena and Gregorian Tigran
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Andre Patatanyan
TruLine Realty
List Price
$1,499,994
Sold Price
$1,210,000
Premium/Discount to List
-$289,994
-19.33%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Original Mortgage
$800,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2015
Sold by
Vaghashia Govind R
Bought by
Atmaswaroop Investments Llc

Purchase Details

Closed on
Nov 29, 2001
Sold by
Vaghashia Family Ltd Partnership
Bought by
Vaghashia Govind R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.75%

Purchase Details

Closed on
Aug 8, 1995
Sold by
Vaghashia Govind R and Vaghashia Sonal
Bought by
Vaghashia Family Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $1,230,000 Fidelity National Title
Grant Deed -- None Available
Grant Deed -- Ticor Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $800,000 New Conventional
Previous Owner $215,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2025 03/19/25 Sold $1,210,000 -1.3% $586 / Sq Ft
01/23/2025 01/23/25 Price Changed $1,225,522 -18.3% $594 / Sq Ft
12/09/2024 12/09/24 For Sale $1,499,994 -- $727 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,367 $282,981 $174,147 $108,834
2024 $3,367 $277,433 $170,733 $106,700
2023 $3,334 $271,994 $167,386 $104,608
2022 $3,188 $266,661 $164,104 $102,557
2021 $3,165 $261,434 $160,887 $100,547
2019 $3,043 $254,342 $156,116 $98,226
2018 $2,961 $249,368 $153,055 $96,313
2016 $2,795 $239,052 $147,112 $91,940
2015 $2,741 $235,462 $144,903 $90,559
2014 $2,761 $230,851 $142,065 $88,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24232529

California Regional Multiple Listing Service (CRMLS)

APN: 2484-006-003

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