NOT LISTED FOR SALE

228 N Cordova St Burbank, CA 91505

Media District Neighborhood

Estimated Value: $1,196,000 - $1,352,654

3 Beds
3 Baths
1,654 Sq Ft
$774/Sq Ft Est. Value

Last Sold March 19, 2015

Last sale price $726,000 $439 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $8,056/month

83 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • R. L. Stevenson Elementary School Rated A
  • Back and Front Yard

About This Home

As of March 2015

Prime Media District Triplex! Each unit has a private enclosed 1-car garage! Separate laundry room on premises! Walk to new 150 million dollar Talaria project with a Whole Foods Market!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 10/31/2014

Last Buyer's Agent

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 10/31/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,692

Year Built

  • Built in 1938

Lot Details

  • 6,514 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • 1,654 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 10134
  • Assessor Parcel Number 2483014006

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $788
  • Maintenance Expense $21
  • Supplies Expense $13
  • Water Sewer Expense $684
  • New Taxes Expense $9,750
  • Gross Income $4,185
  • Net Operating Income $38,964

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,692

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.20
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Supplies Expense: 13.00
  • Water Sewer Expenses: 684.00
  • Property Type: Residential Income
  • Parcel Number: 2483014006
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 438.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Paved
  • Lot Size Sq Ft: 6514.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 4185.00
  • Gross Multiplier: 14.93
  • Gross Scheduled Income: 50220.00
  • Insurance Expense: 788.00
  • Lot Size Area: 6514.0000 Square Feet
  • Maintenance Expense: 21.00
  • Net Operating Income: 38964.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11256.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9750.00
  • Tax Lot: 45
  • Tax Tract Number: 10134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2016
Sold by
Majstorich Michelle Elisabeth
Bought by
Majstorich Zelko and Majstorich Liane
Current Estimated Value
$1,323,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,600
Outstanding Balance
$427,388
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$853,026

Purchase Details

Listed on
Oct 31, 2014
Closed on
Mar 13, 2015
Sold by
Majstorich Zelko
Bought by
The Zelko & Liane Majstorich Family Trus
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$779,977
Sold Price
$726,000
Premium/Discount to List
-$53,977
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$544,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2014
Closed on
Feb 4, 2015
Sold by
Wilkins Thomas W
Bought by
Majstorich Zelko and Majstorich Liane
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$779,977
Sold Price
$726,000
Premium/Discount to List
-$53,977
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2008
Sold by
Wilkins Thomas W
Bought by
Wilkins Thomas W and Thomas W Wilkins 2008 Trust

Purchase Details

Closed on
Oct 5, 2005
Sold by
Maltin Leonard
Bought by
Wilkins Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 2004
Sold by
Maltin Leonard
Bought by
Maltin Leonard and Maltin Alice P

Purchase Details

Closed on
Aug 12, 2002
Sold by
Word Robert Jennings
Bought by
Maltin Leonard and Maltin Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.52%

Purchase Details

Closed on
Dec 21, 1999
Sold by
Colombia Rick
Bought by
Word Ii Robert Jennings and Word Laura Lizer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.68%

Purchase Details

Closed on
Aug 28, 1997
Sold by
Nemeth Paul Tr Nemeth Trust
Bought by
Colombia Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
7.42%
Source: Public Records

Range of Values:

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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
Majstorich Zelko -- Consumers Title Company
Majstorich Michelle Elisabeth -- Consumers Title Company
The Zelko & Liane Majstorich Family Trus -- None Available
Majstorich Zelko $726,000 Fidelity
Wilkins Thomas W -- None Available
Wilkins Thomas W $750,000 Alliance Title Company
Maltin Leonard -- --
Maltin Leonard $375,000 Fidelity National Title
Word Ii Robert Jennings $260,000 First American Title Co
Colombia Rick $205,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Majstorich Michelle Elisabeth $530,600
Closed Majstorich Zelko $544,500
Previous Owner Wilkins Thomas W $525,000
Previous Owner Maltin Leonard $228,000
Previous Owner Maltin Leonard $225,000
Previous Owner Word Ii Robert Jennings $150,000
Previous Owner Word Ii Robert Jennings $150,000
Previous Owner Colombia Rick $164,000
Closed Colombia Rick $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2015 03/19/15 Sold $726,000 -6.9% $439 / Sq Ft
01/22/2015 01/22/15 Pending -- -- --
10/31/2014 10/31/14 For Sale $779,977 -- $472 / 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 $9,692 $872,531 $524,001 $348,530
2024 $9,692 $855,424 $513,727 $341,697
2023 $9,512 $838,652 $503,654 $334,998
2022 $9,082 $822,209 $493,779 $328,430
2021 $9,045 $806,089 $484,098 $321,991
2019 $8,679 $782,183 $469,741 $312,442
2018 $8,547 $766,847 $460,531 $306,316
2016 $8,116 $737,071 $442,649 $294,422
2015 $7,202 $650,000 $578,900 $71,100
2014 -- $650,000 $578,900 $71,100
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2015

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    14 in this area

    358 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14232682

California Regional Multiple Listing Service (CRMLS)

APN: 2483-014-006

California Los Angeles County Burbank 91505 Media District

228 N Cordova St, Burbank, CA

This home is located at 228 N Cordova St, Burbank, CA 91505 since 31 October 2014 and is currently estimated at $1,280,414, approximately $774 per square foot. This property was built in 1938. 228 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.

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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