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

Sale Details

Date 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

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 24,751 Sq Ft 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

0.57 Acres

Parking

12

Listing Details

  • CapRate: 5.35
  • 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 Rate: 3.00

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2011
Closed on
Feb 15, 2012
Sold by
Bought by
Seller's Agent
Michael Gourdikian
Pacific West Realty Inv.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$4,325,000
Sold Price
$4,200,000
Premium/Discount to List
-$125,000
-2.89%

Purchase Details

Closed on
Jan 21, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,000
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,680,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,048,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 18, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.41%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,200,042 Fidelity National Title Co
-- Fidelity National Title Co
-- None Available
-- --
$4,010,000 First American Title Ins Co
$2,560,000 North American Title
-- --
-- North American Title Co
$1,600,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner $2,040,000
Previous Owner $10,000,000
Previous Owner $650,000
Previous Owner $2,680,000
Previous Owner $2,048,000
Previous Owner $35,000
Previous Owner $1,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $61,423 $5,275,429 $2,336,262 $2,939,167
2024 $59,436 $5,171,990 $2,290,453 $2,881,537
2023 $58,818 $5,070,580 $2,245,543 $2,825,037
2022 $56,212 $4,971,158 $2,201,513 $2,769,645
2021 $55,911 $4,873,686 $2,158,347 $2,715,339
2019 $53,691 $4,729,131 $2,094,330 $2,634,801
2018 $53,015 $4,636,404 $2,053,265 $2,583,139
2016 $50,199 $4,456,369 $1,973,535 $2,482,834
2015 $49,196 $4,389,431 $1,943,891 $2,445,540
2014 $49,153 $4,303,449 $1,905,813 $2,397,636
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A11154144

California Regional Multiple Listing Service (CRMLS)
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