NOT LISTED FOR SALE

229 E Elmwood Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,547,000 - $2,189,000

4 Beds
4 Baths
2,400 Sq Ft
$775/Sq Ft Est. Value

Last Sold March 11, 2019

Last sale price $1,325,000 $552 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $11,577/month

9 Days on Market

About This Home

As of March 2019

Pristine, well kept bungalow court in prime Burbank. Four 1 bedroom/1bath units, each with eat-in-kitchen and laundry room. There are four garages at the back of the property facing the alley. This well-located complex is fully occupied with month-to-month tenants. 225 and 229 E Elmwood are to be sold together $2,650,000 (for a total of 8 units). Buyer to cooperate with 1031 exchange at no cost. Write offer subject to interior inspection. Drive-by only. The city of Burbank is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC.The city has over 80 restaurants, 30 movie screens,and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for utilities. Please do not disturb tenants. Information deemed reliable but not guaranteed.

Last Agent to Sell the Property

David Hitt

Redfin License #01210537 Listed on: 01/26/2019

Redfin

Co-Listed By

Ronald Shore

eXp Realty of Greater Los Angeles License #01487451

Last Buyer's Agent

Non Subscriber

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,269

Year Built

  • Built in 1939

Lot Details

  • 7,065 Sq Ft Lot
  • Property is zoned BUR4*

Parking

  • 4 Parking Spaces

Home Design

  • 2,400 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

Listing and Financial Details

  • Assessor Parcel Number 2453-035-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,269

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2400
  • Year Built: 1939
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 552.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 158.00
  • Heating: Wall Gas
  • Water Expense: 1007.00

Condo/Co-op/Association

  • Professional Management: 3989.00

Fee Information

  • Maintenance Expense: 3119.00

Lot Info

  • Assessed Improvement Value: 47086
  • Assessed Land Value: 34190
  • Assessor Parcel Number: 2453-035-013
  • Geocode Override: No
  • Lot Location: Alley Access
  • Lot Size Area: 7065

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.62
  • Gross Scheduled Income: 67500.00
  • Number Of Units: 4
  • Total Annual Expense: 11256.11
  • Type Of Units: 4
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2021
Sold by
Gasparyan Davit and Tonoyan Anna
Bought by
Spencer Street Llc
Current Estimated Value
$1,866,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,000
Outstanding Balance
$889,631
Interest Rate
2.7%
Estimated Equity
$971,506

Purchase Details

Closed on
Aug 27, 2019
Sold by
Gasparyan Davit and Tonoyan Anna
Bought by
Spencer Street Llc

Purchase Details

Listed on
Jan 26, 2019
Closed on
Mar 6, 2019
Sold by
Jimenez Xavier
Bought by
Gasparyan Davit and Tonoyan Anna
Seller's Agent
David Hitt
Redfin
Buyer's Agent
Non Subscriber
List Price
$1,300,000
Sold Price
$1,325,000
Premium/Discount to List
$25,000
1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$993,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2019
Closed on
Mar 1, 2019
Sold by
Rose Jimenez Sharon
Bought by
Jimenez Xavier
Seller's Agent
David Hitt
Redfin
Buyer's Agent
Non Subscriber
List Price
$1,300,000
Sold Price
$1,325,000
Premium/Discount to List
$25,000
1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2016
Sold by
Pulver Diana J and Pulver Nicolas
Bought by
Jimenez Xavier

Purchase Details

Closed on
Sep 18, 2012
Sold by
Pulver Diana J and Pulver Nicolas
Bought by
Pulver Diana J and Pulver Nicolas

Purchase Details

Closed on
Mar 1, 1994
Sold by
Jimenez Nicolas S and Jimenez Adelina R
Bought by
Jimenez Nicolas S and Jimenez Adelina R
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
Spencer Street Llc -- Accommodation
Gasparyan Davit -- Clearmark Title
Spencer Street Llc -- None Available
Gasparyan Davit $1,325,000 Stewart Title Wlv
Jimenez Xavier -- Stewart Title Co
Jimenez Xavier -- None Available
Pulver Diana J -- None Available
Jimenez Nicolas S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gasparyan Davit $977,000
Closed Spencer Street Llc $977,000
Previous Owner Gasparyan Davit $993,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2019 03/11/19 Sold $1,325,000 0.0% $552 / Sq Ft
01/26/2019 01/26/19 Price Changed $1,325,000 +1.9% $552 / Sq Ft
01/26/2019 01/26/19 For Sale $1,300,000 -- $542 / 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
2025 $16,269 $1,478,057 $886,834 $591,223
2024 $16,269 $1,449,077 $869,446 $579,631
2023 $16,096 $1,420,665 $852,399 $568,266
2022 $15,366 $1,392,810 $835,686 $557,124
2021 $15,309 $1,365,500 $819,300 $546,200
2020 $15,142 $1,352,080 $810,900 $541,180
2019 $13,653 $85,137 $35,570 $49,567
2018 $1,161 $83,480 $34,873 $48,607
2016 $10,895 $980,000 $580,000 $400,000
2015 $1,060 $78,487 $33,017 $45,470
2014 $1,087 $76,951 $32,371 $44,580
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    David Hitt

    Redfin

    Section Image
  • Ronald Shore

    Seller Co-Listing Agent in 2019

    Ronald Shore

    eXp Realty of Greater Los Angeles

    (310) 339-3094

    36 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    Non Subscriber

See All Agents

Map

Source: The MLS

MLS Number: 19-428082

The MLS

APN: 2453-035-013

California Los Angeles County Burbank 91502 Downtown Burbank

229 E Elmwood Ave, Burbank, CA

This home is located at 229 E Elmwood Ave, Burbank, CA 91502 since 26 January 2019 and is currently estimated at $1,861,137, approximately $775 per square foot. This property was built in 1939. 229 E Elmwood Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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