Seller's Agent in 2022
Michael Rand
Michael Rand & Associates,Inc
(818) 618-8819
1 in this area
18 Total Sales
2131 N Lincoln St Burbank, CA 91504
Airport District NeighborhoodEstimated Value: $1,354,000 - $1,683,000
4
Beds
4
Baths
2,560
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- Ranch Style House
- No HOA
- Laundry Room
- Providencia Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
About This Home
As of January 2022Excellent income property! Currently the seller is occupying the front house and it will be available at the close of escrow. Perfect for the investor that wants to occupy one unit and rent out the rest or rent out the front house at current market rents and increase the revenue substantially.
The property has a huge upside potential with the rents being so low. All the back units have been recently remodeled. Brand new exterior paint job for both properties. All the units have A/Cs, only the single unit has a wall air conditioner. The units have a laundry area in the garage. All units have laminate flooring. The house has a fenced backyard and patio for guests and family BBQs. The house is detached and completely independent. It also has a big storage room in the backyard. Each unit in the back has its own access to their own garage space from the alley; all units have their own parking spots. Seller has never had any problems renting or finding tenants because of its location in such a high demand area. Very easy to maintain! The units have a laundry area in the garage. Submit offers subject to visual inspection.
Last Agent to Sell the Property
Michael Rand & Associates,Inc License #00899843 Listed on: 11/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,208
Year Built
- Built in 1962 | Remodeled
Lot Details
- 5,298 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 3 Car Garage
- 1 Open Parking Space
- 1 Carport Space
- Parking Available
- Driveway
Home Design
- Ranch Style House
- Quadruplex
- Composition Roof
- Stucco
Interior Spaces
- 2,560 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 107
- Tax Tract Number 9685
- Assessor Parcel Number 2464012041
- $297 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $1,800
- Operating Expense $2,400
- Gross Income $78,840
- Net Operating Income $55,940
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 21, 2025
Sold by
Maidaa George and Maidaa Mouna
Bought by
George And Mouna Maidaa Family Trust and Maidaa
Current Estimated Value
Purchase Details
Closed on
Nov 18, 2004
Sold by
Saryan Jaklin J
Bought by
Bagramyan Armik
Purchase Details
Closed on
Nov 17, 2004
Sold by
Bagramyan Araks
Bought by
Bagramyan Armik
Purchase Details
Closed on
Nov 13, 2003
Sold by
Lee Chia Hsiu
Bought by
Bagramyan Araks
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| George And Mouna Maidaa Family Trust | -- | None Listed On Document | |
| Bagramyan Armik | -- | Fidelity National Title Comp | |
| Bagramyan Armik | -- | Fidelity National Title Comp | |
| Bagramyan Araks | $640,000 | Gateway Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bagramyan Araks | $512,000 | |
| Closed | Bagramyan Araks | $64,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2022 01/03/22 | Sold | $1,260,000 | -10.0% | $492 / Sq Ft |
| 11/16/2021 11/16/21 | For Sale | $1,400,000 | -- | $547 / 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 | $15,208 | $1,337,122 | $806,518 | $530,604 |
| 2024 | $14,722 | $1,310,904 | $790,704 | $520,200 |
| 2023 | $14,566 | $1,285,200 | $775,200 | $510,000 |
| 2022 | $10,669 | $966,732 | $848,523 | $118,209 |
| 2021 | $10,622 | $947,778 | $831,886 | $115,892 |
| 2020 | $10,504 | $938,601 | $823,357 | $115,244 |
| 2019 | $10,191 | $920,208 | $807,213 | $112,995 |
| 2018 | $10,088 | $902,176 | $791,386 | $110,790 |
| 2016 | $9,573 | $866,626 | $760,656 | $105,970 |
| 2015 | $9,378 | $853,610 | $749,231 | $104,379 |
| 2014 | $9,368 | $836,890 | $734,555 | $102,335 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rand
-
Natali Toth
N
Buyer's Agent in 2022
Natali Toth
First Class Real Estate
(818) 261-9082
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21250275
APN: 2464-012-041
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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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