NOT LISTED FOR SALE

2220 N Niagara St Burbank, CA 91504

Airport District Neighborhood

Estimated Value: $1,121,000 - $1,510,934

4 Beds
4 Baths
2,349 Sq Ft
$544/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $940,000 $400 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,892/month

Highlights

  • Contemporary Architecture
  • No HOA
  • Wood Fence
  • Providencia Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to Robert Gross Park

About This Home

As of June 2017

GREAT PRICE FOR THIS 4-PLEX ON A QUIET RESIDENTIAL STREET WITH MORE EXPENSIVE BUILDINGS. 4 - ONE BEDROOM + ONE BATH UNITS. TREMENDOUS UPSIDE IN RENTS. NO RENT CONTROL. ALL TENANTS ARE MONTH TO MONTH. SOME UPGRADES LIKE WINDOWS HAVE BEEN MADE. 4 PARKING SPACES IN REAR. INDIVIDUALLY METERED. COMMUNITY LAUNDRY ROOM.

Last Agent to Sell the Property

Steven Kleemann

Rodeo Realty License #00748358 Listed on: 05/13/2017

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,330

Year Built

  • Built in 1948

Lot Details

  • 6,712 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Land Lease

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,349 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 127
  • Tax Tract Number 9443
  • Assessor Parcel Number 2464007048

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $516
  • Insurance Expense $1,208
  • Trash Expense $700
  • Water Sewer Expense $516
  • New Taxes Expense $11,237
  • Operating Expense $7,677
  • Gross Income $37,200
  • Net Operating Income $29,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,330

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 516.00
  • Zoning: BUR4*
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2464007048
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: STREET
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Price Per Square Foot: 400.17
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered, Concrete, Parking Space
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Disposal
  • Electric: Electricity - On Property
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6712.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 516.00
  • Gross Income: 37200.00
  • Gross Operating Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1208.00
  • Net Operating Income: 29523.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7677.00
  • Rent Control: No
  • Total Actual Rent: 37200.00
  • Total Expenses: 7677.00

Tax Info

  • New Taxes Expense: 11237.00
  • Tax Census Tract: 3105.01
  • Tax Lot: 127
  • Tax Tract Number: 9443

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2019
Sold by
Markarian Vartges Mark and Markarian Lusine
Bought by
Abovian Ashot and Nazaryan Abovian Yeva
Current Estimated Value
$1,278,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$781,761
Interest Rate
3.6%
Estimated Equity
$497,223

Purchase Details

Listed on
May 13, 2017
Closed on
Aug 4, 2017
Sold by
Markarian Vartges Mark
Bought by
Markarian Vartges Mark and Markarian Lusine
Seller's Agent
Steven Kleemann
Rodeo Realty
List Price
$899,000
Sold Price
$940,000
Premium/Discount to List
$41,000
4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2017
Closed on
Jun 20, 2017
Sold by
Abovian Ashot
Bought by
Nazaryan Abovian Yeva
Seller's Agent
Steven Kleemann
Rodeo Realty
List Price
$899,000
Sold Price
$940,000
Premium/Discount to List
$41,000
4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2017
Closed on
Jun 19, 2017
Sold by
Markarian Lusine
Bought by
Markarian Vartges Mark
Seller's Agent
Steven Kleemann
Rodeo Realty
List Price
$899,000
Sold Price
$940,000
Premium/Discount to List
$41,000
4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2017
Closed on
Jun 5, 2017
Sold by
Stone Elke
Bought by
Markarian Vartges Mark and Nazaryan Abovian Yeva
Seller's Agent
Steven Kleemann
Rodeo Realty
List Price
$899,000
Sold Price
$940,000
Premium/Discount to List
$41,000
4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2000
Sold by
Wobig Rudolf O
Bought by
Wobig Rudi O and Wobig Margaret
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Abovian Ashot -- Lawyers Title Company
Markarian Vartges Mark -- Lawyers Title Company
Nazaryan Abovian Yeva -- Progressive Title
Markarian Vartges Mark -- Progressive Title
Markarian Vartges Mark $940,000 Progressive Title
Wobig Rudi O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abovian Ashot $892,500
Previous Owner Markarian Vartges Mark $705,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2017 06/28/17 Sold $940,000 +4.6% $400 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/13/2017 05/13/17 For Sale $899,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,330 $1,201,657 $718,673 $482,984
2024 $13,330 $1,178,096 $704,582 $473,514
2023 $13,189 $1,154,997 $690,767 $464,230
2022 $12,595 $1,132,351 $677,223 $455,128
2021 $12,546 $1,110,149 $663,945 $446,204
2019 $10,966 $977,976 $582,624 $395,352
2018 $10,790 $958,800 $571,200 $387,600
2017 $969 $66,919 $24,267 $42,652
2016 $913 $65,608 $23,792 $41,816
2015 $899 $64,623 $23,435 $41,188
2014 $926 $63,358 $22,976 $40,382
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steven Kleemann

    Rodeo Realty

    (818) 349-9997

    22 Total Sales

    Steven Kleemann
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17107222

California Regional Multiple Listing Service (CRMLS)

APN: 2464-007-048

California Los Angeles County Burbank 91504 Airport District

2220 N Niagara St, Burbank, CA

This home is located at 2220 N Niagara St, Burbank, CA 91504 since 13 May 2017 and is currently estimated at $1,278,984, approximately $544 per square foot. This property was built in 1948. 2220 N Niagara St is a home located in Los Angeles County with nearby schools including Providencia Elementary School, Luther Burbank Middle School, and Burbank High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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