NOT LISTED FOR SALE

2241 N Naomi St Burbank, CA 91504

Airport District Neighborhood

Estimated Value: $1,378,000 - $1,804,000

7 Beds
3 Baths
2,792 Sq Ft
$571/Sq Ft Est. Value

Last Sold February 12, 2020

Last sale price $1,200,000 $430 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,588/month

69 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 3-minute walk to Robert Gross Park
  • Providencia Elementary School Rated A-
  • Wall Furnace

About This Home

As of February 2020

NO RENT CONTROL!!! HOLD FOR INVESTMENT......OR......DEVELOPMENT OPPORTUNITY. DRIVE BY ONLY. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Ara Berberyan

RE/MAX One License #00788665 Listed on: 10/05/2019

RE/MAX One

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,198

Year Built

  • Built in 1938

Lot Details

  • 6,752 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,792 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 9443
  • Assessor Parcel Number 2464007017

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 $720
  • Insurance Expense $1,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $16,000
  • Operating Expense $19,420
  • Gross Income $6,250
  • Net Operating Income $55,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,198

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2464007017
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 429.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 6752.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 6250.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6752.0000 Square Feet
  • Net Operating Income: 55685.00
  • 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: 19420.00
  • Rent Control: No
  • Total Actual Rent: 6250.00
  • Total Expenses: 19420.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Census Tract: 3105.01
  • Tax Lot: 48
  • Tax Tract Number: 9443

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2022
Sold by
Portman Robert A
Bought by
Robert Alan Portman Revocable Living Trust
Current Estimated Value
$1,542,484

Purchase Details

Listed on
Oct 5, 2019
Closed on
Dec 17, 2019
Sold by
Hamamjian Sarkis and Hamamjian Zara
Bought by
Portman Robert A
Seller's Agent
Ara Berberyan
RE/MAX One
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,295,000
Sold Price
$1,200,000
Premium/Discount to List
-$95,000
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%

Purchase Details

Listed on
Jun 14, 2013
Closed on
Mar 21, 2014
Sold by
Hamamjian Sarkis and Hamamjian Zara
Bought by
Sarkis & Zara Hamanjian Living Trust
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Greg Vanian
Realty Finance Network
List Price
$799,997
Sold Price
$753,000
Premium/Discount to List
-$46,997
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%

Purchase Details

Listed on
Jun 14, 2013
Closed on
Dec 13, 2013
Sold by
Irvine Robert B and The Robert B Irvine Living Tru
Bought by
Hamamjian Sarkis and Hamajian Zara
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Greg Vanian
Realty Finance Network
List Price
$799,997
Sold Price
$753,000
Premium/Discount to List
-$46,997
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2005
Sold by
Irvine Robert B
Bought by
The Robert B Irvine Living Trust

Purchase Details

Closed on
Oct 22, 1993
Sold by
Irvine Robert B
Bought by
Irvine Robert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.95%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Robert Alan Portman Revocable Living Trust -- --
Portman Robert A $1,175,000 Ticor Title Company Of Ca
Sarkis & Zara Hamanjian Living Trust -- None Available
Hamamjian Sarkis -- None Available
Hamamjian Sarkis $753,000 Fidelity Sherman Oaks
The Robert B Irvine Living Trust -- --
Irvine Robert B -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamamjian Sarkis $353,000
Previous Owner Irvine Robert B $255,750
Previous Owner Irvine Robert B $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2020 02/12/20 Sold $1,200,000 -7.3% $430 / Sq Ft
12/13/2019 12/13/19 Pending -- -- --
10/05/2019 10/05/19 For Sale $1,295,000 +72.0% $464 / Sq Ft
01/24/2014 01/24/14 Sold $753,000 -5.9% $270 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
06/14/2013 06/14/13 For Sale $799,997 -- $287 / 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 $14,198 $1,285,030 $847,574 $437,456
2024 $14,198 $1,259,834 $830,955 $428,879
2023 $14,048 $1,235,132 $814,662 $420,470
2022 $13,413 $1,210,915 $798,689 $412,226
2021 $13,358 $1,187,173 $783,029 $404,144
2020 $9,585 $844,029 $507,762 $336,267
2019 $9,302 $827,480 $497,806 $329,674
2018 $9,178 $811,256 $488,046 $323,210
2016 $8,706 $779,756 $469,096 $310,660
2015 $8,530 $768,044 $462,050 $305,994
2014 $1,720 $135,658 $38,427 $97,231
Source: Public Records

Agents Affiliated with this Home

  • Ara Berberyan

    Seller's Agent in 2020

    Ara Berberyan

    RE/MAX

    (818) 497-0000

    11 Total Sales

    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,792 Total Sales

    Section Image
  • Brad Korb

    Seller's Agent in 2014

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    4 in this area

    360 Total Sales

    Section Image

  • G

    Buyer's Agent in 2014

    Greg Vanian

    Realty Finance Network

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19237799

California Regional Multiple Listing Service (CRMLS)

APN: 2464-007-017

California Los Angeles County Burbank 91504 Airport District

2241 N Naomi St, Burbank, CA

This home is located at 2241 N Naomi St, Burbank, CA 91504 since 05 October 2019 and is currently estimated at $1,593,074, approximately $570 per square foot. This property was built in 1938. 2241 N Naomi 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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