NOT LISTED FOR SALE

238 E Elmwood Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,949,000 - $2,494,736

7 Beds
6 Baths
3,192 Sq Ft
$696/Sq Ft Est. Value

Sale Details

Date Sold: April 13, 2012

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

Est. 134% increase in value since last sale

Current estimated payment $13,176 / mo

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
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • Multi-Level Property
  • 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

6,790 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2012
Closed on
Mar 8, 2012
Sold by
Bought by
Seller's Agent
Bill Toth
First Class Real Estate
Sold Price
$950,000
Current Estimated Value
$2,221,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,271,868
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
Jan 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 2007
Sold by
Bought by

Purchase Details

Closed on
May 3, 2007
Sold by
Bought by

Purchase Details

Closed on
May 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2006
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jul 30, 2002
Sold by
Bought by

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
Bought by

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
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$950,000 Orange Coast Title Company
-- Orange Coast Title Company
$950,000 Orange Coast Title Company
-- Accommodation
-- Commonwealth Land Title Co
-- Commonwealth Land Title Co
-- North American Title
-- North American Title
-- --
$658,000 Chicago Title Co
$110,000 --
-- Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $200,000
Previous Owner $200,000
Previous Owner $399,000
Previous Owner $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,094 $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

    66 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

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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