NOT LISTED FOR SALE
6 Beds
6 Baths
5,854 Sq Ft
6,732 Sq Ft Lot

Last Sold October 19, 2021

Last sale price $2,800,000 $478 Per Sq Ft

2 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Providencia Elementary School Rated A-
  • Property is near public transit
  • Laundry Room

About This Home

As of October 2021

Fantastic Opportunity To Own A Multi-Residential Apartment Complex In Burbank! This Nine Unit Complex includes One Studio, Three-One Bedroom Units, Four-Two Bedroom Two Bath Units and One-Three Bedroom Two Bath Unit. All Units Are Currently Rented. Gated Building and Parking Lot. Leased Coin Operated Laundry Room. All Units Have Heat/Air Wall Units. Some Units Have Been Upgraded With New Counter Tops, Dishwashers and Appliances. Make Your Investment In Desirable City Of Burbank Today!!

Last Agent to Sell the Property

Debra McMeins

Professional Realty Company License #01253220 Listed on: 08/16/2021

Co-Listed By

Gigi Baez-Rosa

Professional Realty Company License #02061827

Last Buyer's Agent

Jack Baboudjian

Baboudjian Properties Inc. License #01372116

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 6,732 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Vinyl Fence
  • Wood Fence
  • Chain Link Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Stucco

Interior Spaces

  • 5,854 Sq Ft Home
  • 3-Story Property

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 14 Parking Spaces
  • 14 Attached Carport Spaces
  • Parking Available
  • Auto Driveway Gate
  • Driveway
  • Paved Parking
  • Assigned Parking
  • Controlled Entrance

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 163
  • Tax Tract Number 9443
  • Assessor Parcel Number 2464006016
  • $936 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Electric Expense $2,979
  • Gardener Expense $1,360
  • Insurance Expense $11,733
  • Maintenance Expense $20,454
  • Pest Control $815
  • Professional Management Expense $13,978
  • Trash Expense $5,946
  • Water Sewer Expense $3,025
  • New Taxes Expense $34,860
  • Operating Expense $51,236
  • Gross Income $171,780
  • Net Operating Income $77,875

Additional Features

  • 9 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Professional Management Expense: 13978.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3025.00
  • Zoning: BUR4*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1360.00
  • Parcel Number: 2464006016
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 478.31

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Vinyl, Wood, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Attached Carport, Controlled Entrance, Covered, Driveway, Concrete
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Common Area, Outside
  • Pest Control Expense: 815.00
  • Sewer: Public Sewer
  • Trash Expense: 5946.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 6732.00
  • Lot Size Acres: 0.1545

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 2979.00
  • Gross Income: 171780.00
  • Gross Multiplier: 16.50
  • Gross Scheduled Income: 170280.00
  • Insurance Expense: 11733.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1500.00
  • Lot Size Area: 6732.0000 Square Feet
  • Maintenance Expense: 20454.00
  • Net Operating Income: 77875.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Number With Carpet: 9
  • Number With Disposal: 9
  • Number With Drapes: 9
  • Number With Range: 9
  • Operating Expense: 51236.00
  • Operating Expense Percent: 39.48
  • Rent Control: Yes
  • Total Expenses: 51236.00

Tax Info

  • New Taxes Expense: 34860.00
  • Tax Census Tract: 3105.01
  • Tax Lot: 163
  • Tax Tract Number: 9443
  • TaxOtherAnnualAssessmentAmount: 936.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2021 10/19/21 Sold $2,800,000 0.0% $478 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $2,800,000 -- $478 / 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 $34,060 $2,971,381 $1,188,552 $1,782,829
2024 $33,027 $2,913,120 $1,165,248 $1,747,872
2023 $32,679 $2,856,000 $1,142,400 $1,713,600
2022 $31,215 $2,800,000 $1,120,000 $1,680,000
2021 $9,373 $763,911 $181,743 $582,168
2019 $9,020 $746,204 $176,353 $569,851
2018 $8,868 $731,671 $172,896 $558,775
2016 $8,348 $698,503 $166,183 $532,320
2015 $8,190 $688,012 $163,687 $524,325
2014 $8,225 $674,536 $160,481 $514,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21177942

California Regional Multiple Listing Service (CRMLS)