NOT LISTED FOR SALE

227 N Cordova St Burbank, CA 91505

Media District Neighborhood

Estimated Value: $1,316,000 - $1,548,000

3 Beds
3 Baths
2,212 Sq Ft
$626/Sq Ft Est. Value

Last Sold June 27, 2016

Last sale price $815,000 $368 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,667/month

10 Days on Market

About This Home

As of June 2016

Fantastic fixer alert! This income property has 3 units: All are 1 bedroom, 1bath. Rear unit is largest and can potentially be configured to have a second bedroom. Great investment opportunity with terrific upside, and in a wonderful neighborhood in the heart of Burbank. Live in one unit and receive income from the other 2 units, or rent all 3. This property is a fixer with lots of potential. Offers due Wednesday, June 8, 2016 by 12:00pm.

Last Agent to Sell the Property

Andrew Sanchez

ACME Real Estate License #01918602 Listed on: 05/31/2016

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,693

Year Built

  • Built in 1948

Lot Details

  • 6,304

Parking

  • 3 Parking Spaces

Interior Spaces

  • 2,212 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 6,304 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2483-012-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,693

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2212
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 316.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Value: 64965
  • Assessed Land Value: 305397
  • Assessor Parcel Number: 2483-012-026
  • Geocode Override: No
  • Lot Size Area: 6304

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 72000.00
  • Number Of Units: 3
  • Total Annual Expense: 5000
  • Type Of Units: 3 1BR 1BA's
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 23, 2016
Sold by
Markell Bobbie Read
Bought by
Read Nicolas
Seller's Agent
Andrew Sanchez
ACME Real Estate
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$699,000
Sold Price
$815,000
Premium/Discount to List
$116,000
16.6%
Total Days on Market
10
Current Estimated Value
$1,385,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,142
Avg. Annual Appreciation
6.57%

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 22, 2016
Sold by
Read Nicolas
Bought by
Richard & Kathryn D Argenzio Family Trus
Seller's Agent
Andrew Sanchez
ACME Real Estate
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$699,000
Sold Price
$815,000
Premium/Discount to List
$116,000
16.6%

Purchase Details

Closed on
Jan 22, 2016
Sold by
Arqueros Joelle
Bought by
Read Nicolas

Purchase Details

Closed on
Jan 14, 2016
Sold by
Markell Bobble Read
Bought by
Read Nicolas
Source: Public Records

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Range of Values:

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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
Read Nicolas -- California Title Company
Richard & Kathryn D Argenzio Family Trus $815,000 California Title Company
Read Nicolas -- None Available
Read Nicolas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Argenzio Rose Loiodice D $475,000
Previous Owner Markell Bobbie M Read $65,000
Previous Owner Markell David D $0
Previous Owner Markell David D $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2016 06/27/16 Sold $815,000 +16.6% $368 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $699,000 -- $316 / Sq Ft
Source: The MLS

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
2024 $10,693 $945,870 $562,880 $382,990
2023 $10,580 $927,325 $551,844 $375,481
2022 $10,102 $909,143 $541,024 $368,119
2021 $10,060 $891,317 $530,416 $360,901
2020 $9,949 $882,679 $524,978 $357,701
2019 $9,654 $865,383 $514,685 $350,698
2018 $9,563 $848,426 $504,594 $343,832
2016 $4,293 $376,009 $310,054 $65,955
2015 $4,208 $370,362 $305,397 $64,965
2014 $4,221 $363,108 $299,415 $63,693
Source: Public Records

Agents Affiliated with this Home

  • Andrew Sanchez

    Seller's Agent in 2016

    Andrew Sanchez

    ACME Real Estate

    (310) 874-3344

    102 Total Sales

    Andrew Sanchez
    Section Image

  • S

    Buyer's Agent in 2016

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 16-130324

The MLS

APN: 2483-012-026

California Los Angeles County Burbank 91505 Media District

227 N Cordova St, Burbank, CA

This home is located at 227 N Cordova St, Burbank, CA 91505 since 31 May 2016 and is currently estimated at $1,385,142, approximately $626 per square foot. This property was built in 1948. 227 N Cordova St is a home located in Los Angeles County with nearby schools including R. L. Stevenson Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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