Seller's Agent in 2021
Cindy Hill
Equity Union
(818) 640-8360
4 in this area
81 Total Sales
243 N Florence St Burbank, CA 91505
Media District NeighborhoodEstimated Value: $1,210,000 - $1,466,000
1
Bed
1
Bath
2,064
Sq Ft
$668/Sq Ft
Est. Value
Highlights
- Private Yard
- R. L. Stevenson Elementary School Rated A
- Laundry Room
About This Home
As of August 2021We are proud to represent this 4-unit apartment building in Burbank.
The building was constructed in 1947. Its unit mix consists entirely of (4) one-bedroom, one-bathroom units. With a lot size of 6,183 square feet, the property has a total of 2,064 rentable square feet. The building has enclosed garages, a pitched roof, and upside in the existing rents.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.
The property is separately metered for gas and electricity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 6,183 Sq Ft Lot
- 1 Common Wall
- Private Yard
Parking
- 4 Car Garage
Home Design
- 2,064 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 12715
- Assessor Parcel Number 2484008016
Community Details
Overview
- 4 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $825
- Water Sewer Expense $510
- Operating Expense $22,105
- Gross Income $73,440
- Net Operating Income $49,132
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 15, 2022
Sold by
George Oscar
Bought by
Florence George Holdings Llc
Current Estimated Value
Purchase Details
Closed on
Oct 21, 2019
Sold by
Cranmer Sheridan M and Cranmer Liliana I
Bought by
Cranmer Sheridan M and Cranmer Liliana I
Purchase Details
Closed on
Sep 27, 2016
Sold by
Cranmer Sheridan
Bought by
Cranmer Sheridan M and Cranmer Liliana I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2004
Sold by
Cranmer Sheridan
Bought by
Cranmer Sheridan M and Cranmer Liliana I
Purchase Details
Closed on
Apr 20, 2001
Sold by
The Vincent D Arnone Trust
Bought by
Cranmer Sheridan and Cranmer Liliana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.9%
Purchase Details
Closed on
May 1, 1999
Sold by
Arnone Mary A
Bought by
The Vincent D Arnone Trust
Purchase Details
Closed on
Nov 14, 1994
Sold by
Arnone Vincent
Bought by
The Vincent D Arnone Revocable Living Tr
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Florence George Holdings Llc | -- | None Listed On Document | |
| Cranmer Sheridan M | -- | None Available | |
| Cranmer Sheridan M | -- | None Available | |
| Cranmer Sheridan M | -- | None Available | |
| Cranmer Sheridan M | -- | -- | |
| Cranmer Sheridan | -- | South Coast Title | |
| The Vincent D Arnone Trust | -- | -- | |
| The Vincent D Arnone Revocable Living Tr | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cranmer Sheridan M | $520,000 | |
| Previous Owner | Cranmer Sheridan | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2021 08/25/21 | Sold | $1,275,000 | +0.8% | $618 / Sq Ft |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 06/16/2021 06/16/21 | For Sale | $1,265,000 | -- | $613 / 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 | $16,804 | $1,485,690 | $891,414 | $594,276 |
| 2024 | $16,304 | $1,456,560 | $873,936 | $582,624 |
| 2023 | $16,130 | $1,428,000 | $856,800 | $571,200 |
| 2022 | $14,051 | $1,275,000 | $875,000 | $400,000 |
| 2021 | $4,784 | $409,422 | $245,655 | $163,767 |
| 2020 | $4,731 | $405,890 | $243,137 | $162,753 |
| 2019 | $4,595 | $397,945 | $238,370 | $159,575 |
| 2018 | $4,510 | $390,157 | $233,697 | $156,460 |
| 2016 | $4,271 | $374,370 | $224,623 | $149,747 |
| 2015 | $4,187 | $368,747 | $221,249 | $147,498 |
| 2014 | $4,200 | $361,525 | $216,916 | $144,609 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Hill
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21130682
APN: 2484-008-016
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.
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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