234 N Cordova St Burbank, CA 91505
Media District NeighborhoodEstimated Value: $1,878,000 - $2,351,000
4
Beds
4
Baths
3,558
Sq Ft
$607/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- Private Yard
- Cooling System Mounted To A Wall/Window
- R. L. Stevenson Elementary School Rated A
- Balcony
- Ceramic Countertops
About This Home
As of January 2019Welcome to this rare 4 unit, non rent controlled 1930s Spanish Style apartment building in prime Burbank. With each unit being approximately 850+ square feet, and a total building square footage of approx. 3,558 square feet, properties like this rarely become available. This property is zoned BUR4* and is fully occupied. Each unit consists of a 1 bedroom/1 bathroom with private indoor laundry room. Charming features such as high coved ceilings and fireplace. An upstairs unit has French doors opening to a private balcony. Additionally, each unit is separately metered for gas and electricity. Water and sewer are on a shared meter. Sewer is billed to the individual units. Water is billed to owner. Detached 4 car garage + ample parking. This is a great opportunity for a small investor, owner who wants to live in one unit and rent the others, or a seasoned investor who would like to add a piece of Burbank charm to their portfolio! Located in the media capital of the world and home to Warner Brothers Studios, Disney Studios, Nickelodeon Studios, and NBC! Burbank has over 80 restaurants, with the Lakeside Golf Club and Equestrian Center close by. Top ranked schools, easy access to the 5 and 134 freeway, and close proximity to the Burbank Metrolink.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,212
Year Built
- Built in 1930
Lot Details
- 6,632 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Driveway
Home Design
- Spanish Architecture
- Quadruplex
- Flat Roof Shape
- Raised Foundation
- Frame Construction
- Stucco
Interior Spaces
- 3,558 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Electric Fireplace
- French Doors
- Living Room with Fireplace
Kitchen
- Free-Standing Range
- Dishwasher
- Ceramic Countertops
- Disposal
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Outdoor Features
- Balcony
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tax Lot 43
- Tax Tract Number 10134
- Assessor Parcel Number 2483014004
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gardener Expense $200
- Insurance Expense $4,200
- Water Sewer Expense $1,200
- New Taxes Expense $18,725
- Operating Expense $24,325
- Gross Income $79,740
- Net Operating Income $56,615
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 19, 2021
Sold by
Kenneth & Pearl Partnership Llc
Bought by
Schnur Daniel C and Ablack Cecil B
Total Days on Market
28
Current Estimated Value
Purchase Details
Listed on
Sep 21, 2018
Closed on
Jan 29, 2019
Sold by
Schnur Daniel C and Ablack Cecile B
Bought by
Kenneth & Pearl Partnership Llc
Seller's Agent
Stephanie Vitacco
Equity Union
List Price
$1,498,000
Sold Price
$1,479,500
Premium/Discount to List
-$18,500
-1.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Purchase Details
Closed on
Oct 24, 2018
Sold by
Meissner Arnold A and The Anthony Henry Tropin And G
Bought by
Schnur Daniel C and Ablack Cecile B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 3, 2013
Sold by
Tropin Grace A
Bought by
Tropin Grace Ann and Anthony Henry Tropin & Grace Ann Tropin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
4.49%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 12, 2008
Sold by
Tropin Anthony Henry
Bought by
Tropin Anthony Henry and Tropin Grace Ann
Purchase Details
Closed on
Sep 13, 1999
Sold by
Sydes M Ruth
Bought by
Tropin Anthony H and Tropin Grace Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
3.85%
Purchase Details
Closed on
Dec 18, 1993
Sold by
Wilkinson Richard F
Bought by
Sydes M Ruth and Ekholm Dorothea H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.09%
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schnur Daniel C | -- | Accommodation | |
| Kenneth & Pearl Partnership Llc | -- | None Available | |
| Schnur Daniel C | $1,500,000 | First American Title Company | |
| Tropin Grace Ann | -- | Accommodation | |
| Tropin Grace A | -- | Fidelity Natl Title Orange | |
| Tropin Anthony Henry | -- | None Available | |
| Tropin Anthony H | $366,000 | Provident Title | |
| Sydes M Ruth | $315,000 | Benevest Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Schnur Daniel C | $750,000 | |
| Previous Owner | Tropin Grace A | $357,000 | |
| Previous Owner | Tropin Anthony H | $380,000 | |
| Previous Owner | Tropin Anthony H | $348,000 | |
| Previous Owner | Tropin Anthony H | $186,000 | |
| Previous Owner | Sydes M Ruth | $252,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2019 01/25/19 | Sold | $1,479,500 | -1.2% | $416 / Sq Ft |
| 10/19/2018 10/19/18 | Pending | -- | -- | -- |
| 09/21/2018 09/21/18 | For Sale | $1,498,000 | -- | $421 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,212 | $1,618,044 | $1,071,224 | $546,820 |
| 2023 | $18,019 | $1,586,319 | $1,050,220 | $536,099 |
| 2022 | $17,204 | $1,555,216 | $1,029,628 | $525,588 |
| 2021 | $17,134 | $1,524,723 | $1,009,440 | $515,283 |
| 2020 | $16,946 | $1,509,090 | $999,090 | $510,000 |
| 2019 | $18,830 | $1,700,000 | $1,200,000 | $500,000 |
| 2018 | $5,747 | $494,375 | $202,611 | $291,764 |
| 2016 | $5,430 | $475,181 | $194,745 | $280,436 |
| 2015 | $5,323 | $468,044 | $191,820 | $276,224 |
| 2014 | $5,332 | $458,877 | $188,063 | $270,814 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Vitacco
Seller's Agent in 2019
Stephanie Vitacco
Equity Union
(818) 298-1187
3 in this area
731 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18231185
APN: 2483-014-004
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