NOT LISTED FOR SALE
6 Beds
6 Baths
4,551 Sq Ft
6,534 Sq Ft Lot

Last Sold January 19, 2017

Last sale price $1,750,000 $385 Per Sq Ft

105 Days on Market

Highlights

  • Modern Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Providencia Elementary School Rated A-
  • Laundry Room
  • 5-minute walk to Robert Gross Park

About This Home

As of January 2017

6 UNITS IN BURBANK BUILT 1988 CENTRAL AIR AND HEAT NO RENT CONTROL ONE UNIT 2BR 2BA FOUR UNITS 1BR 1BA AND ONE UNIT STUDIO.

Last Agent to Sell the Property

Jack Bitar

City Center Realty Group License #00937336 Listed on: 06/01/2016

Co-Listed By

Steve Hovakimyan

City Center Realty Group License #01363908

Last Buyer's Agent

Sami Dinar

Keller Williams Beverly Hills License #01345387

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,800 Sq Ft Lot
  • Two or More Common Walls
  • Sprinkler System

Parking

  • 7 Car Garage

Home Design

  • Modern Architecture
  • Property Attached
  • Flat Roof Shape
  • Frame Construction
  • Stucco

Interior Spaces

  • 4,551 Sq Ft Home
  • Carpet
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 183
  • Tax Tract Number 9443
  • Assessor Parcel Number 2464005025

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $2,568
  • Maintenance Expense $3,000
  • Other Expense $1,896
  • Pest Control $492
  • Water Sewer Expense $3,804
  • New Taxes Expense $6,634
  • Gross Income $6,175
  • Net Operating Income $47,788

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,800 Sq Ft Lot

Parking

7

Listing Details

  • CapRate: 2.73
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3804.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2464005025
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 384.53

Exterior Features

  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 492.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 6800.00
  • Price Per Lot Square Foot: 257.35

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6175.00
  • Gross Multiplier: 23.50
  • Gross Scheduled Income: 74458.00
  • Insurance Expense: 2568.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 47788.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Operating Expense: 26670.00
  • Other Expense: 1896.00
  • Other Expense Description: AHS
  • Rent Control: No
  • Total Actual Rent: 66900.00

Tax Info

  • New Taxes Expense: 6634.00
  • Tax Lot: 183
  • Tax Tract Number: 9443
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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
01/19/2017 01/19/17 Sold $1,750,000 0.0% $385 / Sq Ft
07/28/2016 07/28/16 Price Changed $1,750,000 -5.4% $385 / Sq Ft
06/01/2016 06/01/16 For Sale $1,850,000 -- $407 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,794 $2,031,019 $812,407 $1,218,612
2024 $22,794 $1,991,196 $796,478 $1,194,718
2023 $22,556 $1,952,154 $780,861 $1,171,293
2022 $21,554 $1,913,877 $765,550 $1,148,327
2021 $21,466 $1,876,351 $750,540 $1,125,811
2019 $20,613 $1,823,100 $728,280 $1,094,820
2018 $20,402 $1,787,400 $714,000 $1,073,400
2016 $6,760 $561,561 $187,185 $374,376
2015 $6,634 $553,127 $184,374 $368,753
2014 $6,653 $542,293 $180,763 $361,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16118286

California Regional Multiple Listing Service (CRMLS)
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