NOT LISTED FOR SALE

Estimated Value: $963,000 - $1,161,838

2 Beds
1 Bath
1,237 Sq Ft
$851/Sq Ft Est. Value

Last Sold November 24, 2023

Last sale price $935,000 $756 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,456/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No HOA
  • William McKinley Elementary School Rated A-
  • Bonus Room
  • Den

About This Home

As of November 2023

This Burbank fixer is across from the Burbank Channel Bikeway and near the historical Los Angeles River. More than just a place to fix and call home; it's situated near a piece of living history. Over 7,000 years ago, the Tongva people, the indigenous inhabitants of this land, thrived along the banks of the Los Angeles River. They affectionately named it "Nahavit," and its flow carries cultural depth. The Los Angeles River, or Nahavit, served as the primary water source for the Los Angeles Basin, providing not only water but also sustenance to the Tongva people.When Spanish settlers arrived in the area, their influence on the Los Angeles River became evident in the name the Spaniards gave it: "Porcincula," a reference to a celebrated feast day dedicated to the Virgin Mary. This name eventually evolved into "Los Angeles."Today, the City of Burbank has unveiled the Burbank Channel Bikeway, a one-mile Class-I (off-street) bicycle and pedestrian path that runs alongside the Burbank Western Flood Control Channel, a tributary of the Los Angeles River. This path creates a tranquil Riverwalk scene directly across from the rear of this property, adding immense potential value to the area.Cedar isn't just an opportunity; it's a gateway to living history. This property features two bedrooms, one bath, and a nice-sized den EASILY usable as a third (3rd) Bedroom. There is an unfinished bonus room attached to the garage with a huge storage loft or whatever you want to make it. The structure is approximately 440 sqft and permitted. Please verify. The lot has a fabulous orientation, with the back area offering a view of the Burbank Channel Bikeway. The bonus room can potentially be an ADU, offering a degree of privacy.The property and lot offer excellent space to create multiple scenarios, and there is additional lot area to the rear/side of the property that is not buildable, as the City maintains. This area creates a good degree of openness for leisure.Burbank offers 41 parks, a distinguished school system, and is simply a fabulous city to plant roots. Join the ranks of high-profile studios like Warner Bros, Disney, NBCUniversal, Cartoon Network, Nickelodeon Studios, Insomniac Games, and Technicolor that call Burbank home. Their presence attracts individuals with substantial incomes, making this property an attractive prospect for investors, developers, and all. This is an excellent location, a great home to fix and improve. Whether you plan to remodel, build an ADU, fix and flip, or create your dream home, this is the city and location where you should place your money or settle and grow.

Last Agent to Sell the Property

GREGORY HOLMES

Coldwell Banker Realty License #01228597 Listed on: 10/11/2023

Coldwell Banker Realty

Last Buyer's Agent

Greg Simitian

Redfin Corporation License #01066453

Redfin Corporation

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 6,611 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Cul-De-Sac
  • Back Yard
  • Property is zoned BUR1YY

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1,237 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Bonus Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2451-028-026

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

6,611 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: This Burbank "fixer" is your gateway to living history.Over 7,000 years ago,the Tongva people thrived along the Los Angeles River,which they named "Nahavit." Until 1913,it served as the primary water source for the Los Angeles Basin.When Spanish settlers arrived, they left their mark,renaming it "Porcincula," later becoming "Los Angeles."Today, the LA River flows through a concrete channel, but its historical significance endures. The newly Burbank Channel Bikeway, a one-mile off-street bicycle and pedestrian path,runs alongside Flood Control Channel,a Los Angeles River tributary.The rear of the property is directly across from the path creating a tranquil Riverwalk scene.Join the ranks of high-profile studios like Warner Bros,Disney,and Cartoon Network that call Burbank home.Their presence attracts individuals with substantial incomes, making this an attractive prospect for developers
  • Living Area: 1237
  • Lot Acreage: 0.1518
  • Lot Dimensions: 50x125
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: 1028

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Equipment: Gas Dryer Hookup
  • Fireplace: Yes
  • Price Per S Q F T: 670.17

Exterior Features

  • Other Structures: Accessory Bldgs, Other
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Detached, Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2451-028-026
  • Lot Description: Back Yard
  • Lot Location: Cul-De-Sac
  • Lot Size Area: 6611

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 13, 2023
Sold by
Holmes Gregory B
Bought by
Karpova Olesya and Matula Anatolii
Seller's Agent
GREGORY HOLMES
Coldwell Banker Realty
Buyer's Agent
Greg Simitian
Redfin Corporation
List Price
$829,000
Sold Price
$935,000
Premium/Discount to List
$106,000
12.79%
Views
204
Current Estimated Value
$1,052,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,960
Avg. Annual Appreciation
5.47%
Original Mortgage
$535,000
Outstanding Balance
$523,807
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$529,153

Purchase Details

Closed on
Apr 9, 2012
Sold by
Holmes Gregory B
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 15, 2004
Sold by
Holmes Gregory B
Bought by
Holmes Gregory B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2002
Sold by
Holmes Leroy
Bought by
Holmes Gregory B and Holmes Leroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
6.05%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 23, 2002
Sold by
Holmes Gregory B
Bought by
Holmes Leroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
6.05%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 14, 1998
Sold by
Waldschmidt Birgit
Bought by
Holmes Gregory B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Interest Rate
6.79%

Purchase Details

Closed on
Sep 17, 1998
Sold by
Maki Patricia J
Bought by
Holmes Gregory B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Interest Rate
6.79%

Purchase Details

Closed on
Aug 13, 1997
Sold by
Reese Philip W
Bought by
Reese Philip Wayland and Reese Hazel Kowall

Purchase Details

Closed on
Mar 15, 1995
Sold by
Reese Philip W
Bought by
Reese Philip Wayland and Reese Hazel Kowall
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Karpova Olesya $935,000 Equity Title
Deutsche Bank National Trust Company $336,545 None Available
Holmes Gregory B -- Fidelity Van Nuys
Holmes Gregory B -- Equity Title Company
Holmes Leroy $299,000 Equity Title Company
Holmes Gregory B -- Old Republic Title Company
Holmes Gregory B $180,000 Old Republic Title Company
Reese Philip Wayland -- Old Republic Title Company
Reese Philip Wayland -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karpova Olesya $535,000
Previous Owner Holmes Gregory B $380,000
Previous Owner Holmes Leroy $299,000
Previous Owner Holmes Gregory B $174,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2023 11/24/23 Sold $935,000 +12.8% $756 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
11/03/2023 11/03/23 For Sale $829,000 0.0% $670 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $829,000 -11.3% $670 / Sq Ft
10/24/2023 10/24/23 Off Market $935,000 -- --
10/21/2023 10/21/23 Price Changed $829,000 +38.4% $670 / Sq Ft
10/11/2023 10/11/23 For Sale $599,000 -- $484 / Sq Ft
Source: The MLS

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 $10,409 $953,700 $853,230 $100,470
2024 $10,409 $935,000 $836,500 $98,500
2023 $8,235 $723,470 $683,286 $40,184
2022 $7,861 $709,286 $669,889 $39,397
2021 $7,832 $695,379 $656,754 $38,625
2019 $7,515 $674,755 $637,275 $37,480
2018 $7,414 $661,526 $624,780 $36,746
2016 $6,598 $595,000 $562,000 $33,000
2015 $5,997 $543,000 $513,000 $30,000
2014 $6,101 $543,000 $513,000 $30,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-319751

The MLS

APN: 2451-028-026

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