Seller's Agent in 2021
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
5 in this area
103 Total Sales
2117 Scott Rd Burbank, CA 91504
Hillside District NeighborhoodEstimated Value: $1,116,000 - $1,482,000
3
Beds
3
Baths
1,775
Sq Ft
$723/Sq Ft
Est. Value
Highlights
- No Units Above
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Thomas Jefferson Elementary School Rated A
- Cottage
- 3-minute walk to Earthwalk Park
About This Home
As of January 20212117 Scott Rd is the only triplex on the market in all of Burbank! There is record low inventory at this time, so jump on this deal before it goes. This adorable triplex is made up of three cottage-style 1 bedroom, 1 bathroom units. It is located walking distance to the center of Downtown Burbank! At an unbelievably low price of $999,000, this deal presents buyers countless options:
1) Fix and flip! With significant upside to take advantage of, this is the perfect opportunity to renovate and re-sell for higher!
2) Buy and hold! With a current cap rate of 3.78% and a pro forma cap rate of 4.49%, this property provides investors a strong and stable long term investment. An asset such as this triplex in highly desirable Burbank is a safe way to protect your money and watch it grow!
3) Owner occupy!
4) Build- This triplex is on a 7,939 square foot BUR4* lot! Prime location for a new construction property. (Buyer must do their own due diligence.)
2117 Scott Rd boasts features such as: well maintained units with copper plumbing and new(er) roof (3-5 years old), three 1-car garages plus two exterior spaces, space available to install coin operated laundry for extra income, high quality original hardwood flooring in all units (under carpet in some areas), and an unbeatable location walking distance to the Empire Center and Woodbury University. Also moments from Costco, the entertainment studios (and thousands of entertainment jobs nearby!), and so much more!
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 12/18/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 7,939 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Landscaped
- Level Lot
- Front Yard
- Value in Land
Parking
- 2 Open Parking Spaces
- 3 Car Garage
Home Design
- Triplex
- Cottage
Interior Spaces
- 1,775 Sq Ft Home
- Living Room
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
Listing and Financial Details
- Tax Lot 31
- Tax Tract Number 3097
- Assessor Parcel Number 2472016012
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,040
- Insurance Expense $750
- Maintenance Expense $1,830
- Water Sewer Expense $1,055
- New Taxes Expense $10,944
- Operating Expense $15,619
- Gross Income $4,450
- Net Operating Income $37,781
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 19, 2007
Sold by
Owings Doris J and Owings Family Trust
Bought by
Owings Doris J and Owings Family Trust Exempt Trust
Current Estimated Value
Purchase Details
Closed on
Mar 2, 1995
Sold by
Owings Harold Eugene and Owings Eugene E
Bought by
Owings Harold E
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Owings Doris J | -- | None Available | |
| Owings Harold E | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2021 01/29/21 | Sold | $1,032,000 | +3.3% | $581 / Sq Ft |
| 12/31/2020 12/31/20 | Pending | -- | -- | -- |
| 12/18/2020 12/18/20 | For Sale | $999,000 | -- | $563 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,741 | $1,117,067 | $673,271 | $443,796 |
| 2024 | $12,297 | $1,095,165 | $660,070 | $435,095 |
| 2023 | $12,166 | $1,073,692 | $647,128 | $426,564 |
| 2022 | $11,614 | $1,052,640 | $634,440 | $418,200 |
| 2021 | $1,593 | $121,866 | $50,483 | $71,383 |
| 2020 | $1,575 | $120,858 | $49,966 | $70,892 |
| 2019 | $1,535 | $118,494 | $48,987 | $69,507 |
| 2018 | $1,474 | $116,176 | $48,027 | $68,149 |
| 2016 | $1,382 | $111,436 | $46,163 | $65,273 |
| 2015 | $1,357 | $109,763 | $45,470 | $64,293 |
| 2014 | $1,376 | $107,614 | $44,580 | $63,034 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2021
Ian Maddox
Myunits.com Inc.
(818) 859-7242
4 in this area
64 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB20258662
APN: 2472-016-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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