NOT LISTED FOR SALE

Estimated Value: $1,526,000 - $2,035,756

5 Beds
3 Baths
2,493 Sq Ft
$701/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $1,675,000 $672 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,921/month

8 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • George Washington Elementary Rated A-
  • Laundry Room
  • Floor Furnace

About This Home

As of February 2023

An investor's dream property! This Burbank triplex is located on a 14,681 sq ft flat lot and boasts 2,493 sq ft of living space. Our listing consists of a duplex in the front of the property and a detached single family home in the rear, along with 5 single car garages all with newer rollup doors and automatic openers. The duplex consists of one unit with 2 bedrooms + 1 bath and the second unit with 1 Bedroom + 1 Bath. The single family home in the rear of the property has 2 bedrooms + 1 bath. Recently updated or remodeled in 2017. All units have a stove, microwave, refrigerator, and washer and dryer. The lot has room for multiple vehicles, a huge yard, fruit trees and much more! This complex has been well maintained over the years. TONS of potential! Check with the City of Burbank for future development! Fantastic long time tenants.The 1bedroom unit is on lease until May of 2023, and the other 2 units are on a month to month basis.

Last Agent to Sell the Property

Peter Micalchuck

Better Homes and Gardens Real Estate Town Center License #01241899 Listed on: 01/11/2023

Better Homes and Gardens Real Estate Town Center

Co-Listed By

Susan Featherly

Better Homes and Gardens Real Estate Town Center License #01445745

Last Buyer's Agent

Soorage Tomasian

Evans Realty License #00857185

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front and Side Yard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage

Home Design

  • 2,493 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 4987
  • Assessor Parcel Number 2468016010
  • $417 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,600
  • Insurance Expense $1,314
  • Water Sewer Expense $2,070
  • Operating Expense $6,984
  • Gross Income $72,816
  • Net Operating Income $72,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2070.00
  • Zoning: BUR4*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 2468016010
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 671.88

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

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, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Sprinklers In Front, Sprinklers On Side, Yard
  • Lot Size Sq Ft: 14681.00
  • Lot Size Acres: 0.3370

Multi Family

  • Gross Income: 72816.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 1314.00
  • Lot Size Area: 14681.0000 Square Feet
  • Net Operating Income: 72816.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6984.00
  • Rent Control: No
  • Total Actual Rent: 79800.00
  • Total Expenses: 6984.00

Tax Info

  • Tax Census Tract: 3106.01
  • Tax Lot: 6
  • Tax Tract Number: 4987
  • TaxOtherAnnualAssessmentAmount: 417.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Mar 11, 2023
Sold by
Boghossian Varooj
Bought by
2103 Peyton Ave Llc
Seller's Agent
Peter Micalchuck
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
Soorage Tomasian
Evans Realty
List Price
$1,675,000
Sold Price
$1,675,000
Views
43
Current Estimated Value
$1,794,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,952
Avg. Annual Appreciation
1.44%
Original Mortgage
$675,000
Outstanding Balance
$654,089
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$1,093,100

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 15, 2023
Sold by
Mangasar Arlet
Bought by
Boghossian Varooj
Seller's Agent
Peter Micalchuck
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
Soorage Tomasian
Evans Realty
List Price
$1,675,000
Sold Price
$1,675,000
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$654,089
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$1,093,100

Purchase Details

Listed on
Jan 11, 2023
Closed on
Jan 24, 2023
Sold by
Britton Living Trust and Britton Kenneth
Bought by
Boghossian Varooj and Pogossian Vrej
Seller's Agent
Peter Micalchuck
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
Soorage Tomasian
Evans Realty
List Price
$1,675,000
Sold Price
$1,675,000
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$654,089
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$1,093,100

Purchase Details

Closed on
Jul 1, 2002
Sold by
Britton Clarence Samuel and Britton Living Trust
Bought by
Britton Clarence Samuel and Britton Valerie Mary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2103 Peyton Ave Llc -- --
Boghossian Varooj -- Fidelity National Title
Pogossian Vrej -- Fidelity National Title
Boghossian Varooj $1,675,000 Fidelity National Title
Britton Clarence Samuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pogossian Vrej $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $1,675,000 0.0% $672 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $1,675,000 -- $672 / 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 $19,195 $1,742,670 $1,165,248 $577,422
2024 $19,195 $1,708,500 $1,142,400 $566,100
2023 $1,649 $108,942 $56,055 $52,887
2022 $1,587 $106,806 $54,956 $51,850
2021 $1,565 $104,713 $53,879 $50,834
2020 $1,548 $103,640 $53,327 $50,313
2019 $1,513 $101,609 $52,282 $49,327
2018 $1,389 $99,617 $51,257 $48,360
2016 $1,295 $95,750 $49,267 $46,483
2015 $1,274 $94,312 $48,527 $45,785
2014 $1,297 $92,466 $47,577 $44,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23005968

California Regional Multiple Listing Service (CRMLS)

APN: 2468-016-010