NOT LISTED FOR SALE

242 E Valencia Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,566,267 - $1,643,000

3 Beds
2 Baths
2,554 Sq Ft
$633/Sq Ft Est. Value

Last Sold September 27, 2013

Last sale price $784,000 $307 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $9,572/month

24 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Joaquin Miller Elementary School Rated A-
  • No HOA
  • Heating Available

About This Home

As of September 2013

Agents!!! Please read private comments - units available to view - Great 4 plex in a desirable area of Burbank, nearby Ralphs market, Starbucks, Trader Joe's and public transportation. 2 units are 1 bedroom 1 bathroom and 2 units have 2 bedrooms 1 bathroom, one of those units is separated and could be a great opportunity for an owner/occupied unit. Units have hardwood flooring and character. There are also garages in the back on the alley. This is an 'as is' sale. All tenants are month to month. There are washer/dryer hook ups in the garage for the complex. The front 3 units were built around 1957.

Last Agent to Sell the Property

Gigi Santoro

Coldwell Banker Hallmark Realty License #01873900 Listed on: 07/29/2013

Coldwell Banker Hallmark Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,575 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,554 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 5228
  • Assessor Parcel Number 2453039023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 2453039023
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Price Per Square Foot: 306.97
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7575.00
  • Lot Size Acres: 0.1740

Multi Family

  • Average Studio Area: 800
  • Gross Scheduled Income: 42000.00
  • Lot Size Area: 7575.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 44
  • Tax Tract Number: 5228
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2015
Sold by
Ohanian Arbi George and Mirzaians Ohanian Lara
Bought by
Li Arbi Ohanian and Li Lara Mirzaians Ohanian
Current Estimated Value
$1,668,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$513,044
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$1,104,773

Purchase Details

Closed on
Mar 26, 2015
Sold by
Ohanian Arbi G and Mirzaians Lara
Bought by
Ohanian Arbi and Mirzaians Ohanian Lara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$513,044
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$1,104,773

Purchase Details

Listed on
Jul 29, 2013
Closed on
Aug 31, 2013
Sold by
Hill Pamela F and Evelyn Morris Nelson Revocable
Bought by
Ohanian Arbi G and Mirzaians Lara
Seller's Agent
Gigi Santoro
Coldwell Banker Hallmark Realty
List Price
$775,000
Sold Price
$784,000
Premium/Discount to List
$9,000
1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$588,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 1998
Sold by
Nelson Evelyn and Morris Jack W
Bought by
Nelson Evelyn and Morris Jack W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li Arbi Ohanian -- Priority Title
Ohanian Arbi George -- Priority Title
Ohanian Arbi -- None Available
Ohanian Arbi G $784,000 Fidelity National Title Co
Nelson Evelyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohanian Arbi George $665,000
Closed Ohanian Arbi G $588,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2013 09/27/13 Sold $784,000 +1.2% $307 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $775,000 -- $303 / 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 $10,764 $961,064 $581,053 $380,011
2024 $10,764 $942,220 $569,660 $372,560
2023 $10,652 $923,746 $558,491 $365,255
2022 $10,175 $905,635 $547,541 $358,094
2021 $10,130 $887,878 $536,805 $351,073
2020 $10,019 $878,775 $531,301 $347,474
2019 $9,725 $861,545 $520,884 $340,661
2018 $9,551 $844,653 $510,671 $333,982
2016 $9,065 $811,856 $490,842 $321,014
2015 $8,883 $799,663 $483,470 $316,193
2014 $8,877 $784,000 $474,000 $310,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gigi Santoro

    Coldwell Banker Hallmark Realty

    (818) 919-0002

    39 Total Sales

    Gigi Santoro
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB13150185

California Regional Multiple Listing Service (CRMLS)

APN: 2453-039-023

California Los Angeles County Burbank 91502 Downtown Burbank

242 E Valencia Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes