$1,300,000
SOLD JUL 15, 2019
3 Beds
2 Baths
3,705 Sq Ft
8,024 Sq Ft Lot

Recently Sold

$351 Per Sq Ft

7% Below List Price

110 Days on Market

Highlights

  • Balcony
  • George Washington Elementary Rated A-
  • Central Heating

About This Home

As of July 2019

Great investment opportunity! This beautifully cared for Triplex Single Family home with a detached duplex is in a desirable area of Burbank.The lot is approximately 8000 sqft. The Front unit is a 3 bdr/2 bath- The other two units are 2 bdr/2 bath, Each unit has A/C and have two parking spaces each. Each unit has separate electric meter. Each unit is currently rented. Clean, rented, and ready for a new owner. Back units were built in 2004- New Dryer in back units- This property is located within close proximity of the 5 freeway, grocery store, coffee house, and many eateries. Electricity paid by tenants

Last Agent to Sell the Property

Romina Minassian

The Agency License #02061222 Listed on: 03/08/2019

The Agency

Co-Listed By

Abraham Cohen

License #01019227

Last Buyer's Agent

Steve Hovakimyan

License #01363908

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,927

Year Built

  • Built in 1939

Home Design

  • Triplex

Interior Spaces

  • 3,705 Sq Ft Home
  • 2-Story Property
  • Disposal
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway

Utilities

  • Central Heating
  • Property is located within a water district
  • Sewer in Street

Additional Features

  • Balcony
  • 8,024 Sq Ft Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2473-018-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,927

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3705
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Range: 3
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 376.52

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 129828
  • Assessed Land Value: 189552
  • Assessor Parcel Number: 2473-018-004
  • Geocode Override: No
  • Lot Size Area: 8024

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 79800.00
  • Land Lease Expiration Year: 2020
  • Land Lease Type: Fee
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.73
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Artenyan Arsen
Bought by
2415 Lincoln Llc
Current Estimated Value
$1,814,333

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jun 25, 2019
Sold by
Minassian Roger and Minassian Aylisa L
Bought by
Artenyan Arsen
Seller's Agent
Romina Minassian
The Agency
Buyer's Agent
Steve Hovakimyan
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$845,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2019
Sold by
Minassian Roger
Bought by
Minassian Aylisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.3%
Mortgage Type
Unknown

Purchase Details

Closed on
May 18, 2001
Sold by
Mirzakanian Areg
Bought by
Minassian Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
8.45%

Purchase Details

Closed on
Apr 13, 1999
Sold by
Minassian Roger
Bought by
Mirzakanian Areg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,400
Interest Rate
7.1%

Purchase Details

Closed on
Apr 8, 1997
Sold by
Markarian Sosi
Bought by
Minassian Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,550
Interest Rate
7.98%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 29, 1994
Sold by
Kampenga Theodore and Kampenga Patricia M
Bought by
Markarian Sosi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
8.83%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,300,000 Lawyers Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $246,000 Fidelity National Title Co
Grant Deed $266,000 Gateway Title
Grant Deed $189,000 Chicago Title Co
Individual Deed $175,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Closed $845,000 Commercial
Previous Owner $60,000 Unknown
Previous Owner $133,700 Credit Line Revolving
Previous Owner $84,000 Credit Line Revolving
Previous Owner $516,000 Unknown
Previous Owner $344,000 Unknown
Previous Owner $86,000 Stand Alone Second
Previous Owner $246,000 No Value Available
Previous Owner $239,400 No Value Available
Previous Owner $35,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $45,000 Stand Alone Second
Previous Owner $179,550 Balloon
Previous Owner $167,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Rented $3,925 0.0% --
07/04/2020 07/04/20 Under Contract -- -- --
06/27/2020 06/27/20 For Rent $3,925 0.0% --
07/15/2019 07/15/19 Sold $1,300,000 -6.8% $351 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $1,395,000 +7.3% $377 / Sq Ft
04/16/2019 04/16/19 Off Market $1,300,000 -- --
04/16/2019 04/16/19 For Sale $1,395,000 +7.3% $377 / Sq Ft
04/06/2019 04/06/19 Off Market $1,300,000 -- --
04/06/2019 04/06/19 For Sale $1,395,000 +7.3% $377 / Sq Ft
03/27/2019 03/27/19 Off Market $1,300,000 -- --
03/08/2019 03/08/19 For Sale $1,495,000 -- $404 / Sq Ft
Source: The MLS

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 $17,927 $1,623,646 $974,188 $649,458
2024 $17,927 $1,591,811 $955,087 $636,724
2023 $17,736 $1,560,600 $936,360 $624,240
2022 $16,935 $1,530,000 $918,000 $612,000
2021 $16,866 $1,500,000 $900,000 $600,000
2020 $14,658 $1,300,000 $780,000 $520,000
2019 $6,303 $550,479 $197,209 $353,270
2018 $3,665 $325,767 $193,343 $132,424
2016 $3,468 $313,119 $185,836 $127,283
2015 $3,398 $308,417 $183,045 $125,372
2014 $3,395 $302,377 $179,460 $122,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-441790

The MLS

APN: 2473-018-004