NOT LISTED FOR SALE

238 E Elmwood Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,878,000 - $2,519,786

7 Beds
6 Baths
3,192 Sq Ft
$689/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $950,000 $298 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $12,627/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Joaquin Miller Elementary School Rated A-
  • No HOA

About This Home

As of April 2012

CLEAN 6 UNITS, NEAR BURBANK VILLAGE, SHOPPING AND METRO. ALL UNITS HAVE HARDWOOD FLOORS, MOLDINGS, LOTS OF CHARM. 3 TWO CAR GARAGES PLUS STORAGE. GREAT TENANTS. THE 6 UNITS CONSIST OF 3 SEPERATE DUPLEX'S.

Last Agent to Sell the Property

Bill Toth

First Class Real Estate License #01023622 Listed on: 03/22/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,790 Sq Ft Lot

Parking

  • 6 Car Garage

Home Design

  • Traditional Architecture
  • Split Level Home
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 51
  • Tax Tract Number 9207
  • Assessor Parcel Number 2453037031

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $720
  • Insurance Expense $1,836
  • Trash Expense $1,344
  • Water Sewer Expense $960
  • New Taxes Expense $12,500
  • Gross Income $6,300
  • Net Operating Income $57,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.54
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2453037031
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Levels: Multi/Split
  • Price Per Square Foot: 297.62

Exterior Features

  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 1344.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6790.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 6300.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1836.00
  • Lot Size Area: 6790.0000 Square Feet
  • Net Operating Income: 57340.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 18260.00
  • Rent Control: No
  • Total Actual Rent: 75600.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Area: 2530
  • Tax Lot: 51
  • Tax Tract Number: 9207

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2012
Closed on
Mar 8, 2012
Sold by
Falcone Douglas R
Bought by
Rdb Family Properties
Seller's Agent
Bill Toth
First Class Real Estate
Sold Price
$950,000
Current Estimated Value
$2,198,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,248,893
Avg. Annual Appreciation
6.29%

Purchase Details

Closed on
Jan 28, 2010
Sold by
Falcone Edna
Bought by
Falcone Douglas R

Purchase Details

Closed on
Jan 12, 2010
Sold by
Toth William C and Cease Karen
Bought by
Falcone Douglas R

Purchase Details

Closed on
Jun 19, 2007
Sold by
Toth Kelly
Bought by
Toth William C

Purchase Details

Closed on
May 3, 2007
Sold by
Toth William C
Bought by
Toth William C and Toth Kelly

Purchase Details

Closed on
May 1, 2007
Sold by
Toth William C and Toth Kelly
Bought by
Cease Karen and Levey John

Purchase Details

Closed on
Feb 14, 2006
Sold by
Toth William C and The William C Toth Family Trus
Bought by
Toth William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2006
Sold by
Griffin Kelly E
Bought by
Toth William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2002
Sold by
Toth William C
Bought by
Toth William C and The William C Toth Family Trus

Purchase Details

Closed on
Jul 30, 2002
Sold by
Sorric Mary Ann and Lipps Lawrence R
Bought by
Toth William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2000
Sold by
Sorric Mary Ann and Lipps Lawrence R
Bought by
Sorric Mary Ann and Lipps Lawrence R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 1, 2000
Sold by
Fernandez Jose and Fernandez Martha M
Bought by
Sorric Mary Ann and Lipps Lawrence L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rdb Family Properties $950,000 Orange Coast Title Company
Falcone Douglas R -- Orange Coast Title Company
Falcone Douglas R $950,000 Orange Coast Title Company
Toth William C -- Accommodation
Toth William C -- Commonwealth Land Title Co
Cease Karen -- Commonwealth Land Title Co
Toth William C -- North American Title
Toth William C -- North American Title
Toth William C -- --
Toth William C $658,000 Chicago Title Co
Sorric Mary Ann $110,000 --
Sorric Mary Ann -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toth William C $200,000
Previous Owner Toth William C $200,000
Previous Owner Toth William C $399,000
Previous Owner Sorric Mary Ann $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2012 04/13/12 Sold $950,000 -- $298 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
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 $13,684 $1,193,240 $1,004,839 $188,401
2024 $13,684 $1,169,844 $985,137 $184,707
2023 $13,544 $1,146,907 $965,821 $181,086
2022 $12,952 $1,124,420 $946,884 $177,536
2021 $12,897 $1,102,373 $928,318 $174,055
2019 $12,395 $1,072,879 $900,785 $172,094
2018 $12,233 $1,051,906 $883,123 $168,783
2016 $11,583 $1,007,985 $848,831 $159,154
2015 $11,356 $992,845 $836,081 $156,764
2014 $11,356 $973,398 $819,704 $153,694
Source: Public Records

Agents Affiliated with this Home

  • Bill Toth

    Seller's Agent in 2012

    Bill Toth

    First Class Real Estate

    (818) 434-2110

    63 Total Sales

    Bill Toth
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12000637

California Regional Multiple Listing Service (CRMLS)

APN: 2453-037-031

California Los Angeles County Burbank 91502 Downtown Burbank

238 E Elmwood Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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