NOT LISTED FOR SALE
-- Bed
-- Bath
21,670 Sq Ft
0.57 Acres

Last Sold February 17, 2012

Last sale price $4,200,000 $194 Per Sq Ft

70 Days on Market

About This Home

As of February 2012

Pride Of Ownership - Spacious and oversized 2 & 3 bedroom Townhome apartments with most units remodeled and upgraded. Upgrades include: granite and tile countertops, new kitchen cabinets, tile floors, new bathroom vanities and countertops, mirror closet doors, crown molding. 16 Townhomes and 5 flats. Units separately metered for gas and electric and central hot water. Unit to unit may vary and buyer to verify all information. Parking includes garages & carports. Submit Offer. Excellent North Burbank rental location with very strong demand. Burbank is considered the Country's Entertainment Capital of the World. Host to all major studios, TV networks, Music & Business Headquarters. Strategically located to freeway access, Media Center, office/retail/restaurant/shopping district. See attached or contact listing agent for marketing package.

Last Agent to Sell the Property

Michael Gourdikian

Pacific West Realty Inv. License #01015826 Listed on: 11/23/2011

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.57 Acre Lot

Parking

  • 12 Car Garage

Home Design

  • 21,670 Sq Ft Home

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 5101
  • Assessor Parcel Number 2451018028

Community Details

Overview

  • No Home Owners Association
  • 21 Units

Building Details

  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $30,620
  • Net Operating Income $231,487

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

12

Listing Details

  • CapRate: 5.35
  • Price Per Unit: 205952
  • Professional Management Expense: 1.00
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 2451018028
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 193.82

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 23.00

Utilities

  • Trash Expense: 1.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 24751.00
  • Lot Size Acres: 0.5700

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 30620.00
  • Gross Multiplier: 11.70
  • Gross Scheduled Income: 367440.00
  • Gross Spendable Income: 79157.00
  • Insurance Expense: 1.00
  • Lot Size Area: 24751.0000 Square Feet
  • Maintenance Expense: 1.00
  • Net Operating Income: 231487.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 21
  • Operating Expense: 124930.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Vacancy Allowance: 11023
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 26
  • Tax Tract Number: 5101
  • Tax Year: 2011

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

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2012 02/17/12 Sold $4,200,000 -2.9% $194 / Sq Ft
02/01/2012 02/01/12 Pending -- -- --
11/23/2011 11/23/11 For Sale $4,325,000 -- $200 / 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: A11154144

California Regional Multiple Listing Service (CRMLS)