E
Seller's Agent in 2017
Elizabeth Maddox
No Firm Affiliation
2503 Tulare Ave Burbank, CA 91504
Hillside District NeighborhoodEstimated Value: $1,401,000 - $1,879,067
4
Beds
4
Baths
3,081
Sq Ft
$540/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Cathedral Ceiling
- Corner Lot
- George Washington Elementary Rated A-
- Wood Flooring
- Granite Countertops
About This Home
As of May 2017Price reduced $150,000 to $1,250,000! Submit all offers! 2503 Tulare Avenue is a Burbank fourplex that is made up of an enormous 2 bedroom, 1 bathroom owner’s unit & three charming cottages (two 1b/1b’s & one studio). The owner’s unit itself has a value of approximately $700,000, not including the other 3 units. The unit is truly stunning, with a unique open floor plan with high beamed ceilings, a huge living room & dining room, a fireplace, central air & heat, a fully renovated kitchen & bathroom, in unit washer & dryer, & a private, fully enclosed patio. The three additional cottages are truly adorable, with features such as hardwood floors, private patios, countless windows with ample light, & partially updated kitchens & bathrooms.
Other notable building features include: double pane windows, new doors, three 1-car garages & a car port, a laundry room with coin operated washer & dryer, & three updated water heaters.
2503 Tulare is located in a convenient Burbank location that is a short drive to the Empire Center, the Burbank Town Center, countless movie theaters, an upscale 24 Hour Fitness & Crunch Gym, & an unlimited supply of restaurants. These units are situated in a fantastic rental market that benefits from the nearby studios/entertainment industry. Deluxe Entertainment, one of Burbank’s top employers, is 3 blocks away.
Last Agent to Sell the Property
Elizabeth Maddox
No Firm Affiliation License #01921425 Listed on: 03/09/2017
Co-Listed By
Michael Moran
No Firm Affiliation License #01762038
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,089
Year Built
- Built in 1949
Lot Details
- 8,303 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Private Yard
- Lawn
- Front Yard
- Value in Land
Parking
- 1 Open Parking Space
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Partial Copper Plumbing
Interior Spaces
- 3,081 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Beamed Ceilings
- Cathedral Ceiling
- Double Pane Windows
- Living Room with Fireplace
- Storage
- Laundry Room
- Wood Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Cooktop
- Granite Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 69
- Tax Tract Number 12320
- Assessor Parcel Number 2473021001
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,017
- Maintenance Expense $800
- Water Sewer Expense $1,100
- New Taxes Expense $14,898
- Operating Expense $20,206
- Gross Income $77,400
- Net Operating Income $57,618
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 15, 2025
Sold by
Avanessians Artik and Avanessians Marina
Bought by
Casa Tulare Llc
Current Estimated Value
Purchase Details
Closed on
Nov 13, 2019
Sold by
Avanessians Artik and Avanessians Marina
Bought by
Avanessians Artik and Avanessians Marina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.5%
Purchase Details
Listed on
Mar 9, 2017
Closed on
Apr 13, 2017
Sold by
Lincoln Property Trust
Bought by
Avanessians Artik and Avanessians Marina
Seller's Agent
Elizabeth Maddox
No Firm Affiliation
List Price
$1,350,000
Sold Price
$1,175,000
Premium/Discount to List
-$175,000
-12.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$464,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 26, 2014
Sold by
2503 Tulare Llc
Bought by
Lincoln Property Trust
Purchase Details
Closed on
Jul 25, 2013
Sold by
Arakelian Rafik
Bought by
2503 Tulare Llc
Purchase Details
Closed on
Feb 10, 2004
Sold by
Khachikian Kroup
Bought by
Khachikian Kroup and Arakelian Rafik
Purchase Details
Closed on
Nov 14, 2003
Sold by
Arakellan Rafik
Bought by
Khachikian Kroup
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 28, 2002
Sold by
Khachikian Kroup
Bought by
Khachikian Kroup and Arakelian Rafik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.84%
Purchase Details
Closed on
Mar 20, 2002
Sold by
Starleaf Steven W
Bought by
Khachikian Kroup
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.84%
Purchase Details
Closed on
Feb 5, 2002
Sold by
Arakelian Rafik
Bought by
Angolisengerdi Juliet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.84%
Purchase Details
Closed on
Dec 20, 2000
Sold by
Starleaf Linda Lore
Bought by
Starleaf Steven W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,800
Interest Rate
7.65%
Purchase Details
Closed on
Dec 5, 2000
Sold by
Daniele Elaine
Bought by
Starleaf Steven W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,800
Interest Rate
7.65%
Purchase Details
Closed on
Sep 29, 1998
Sold by
Farrar Ellen J
Bought by
Daniele Elaine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,500
Interest Rate
3.35%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Casa Tulare Llc | -- | None Listed On Document | |
| Avanessians Artik | -- | Ticor Title Company Of Ca | |
| Avanessians Artik | $1,175,000 | Old Republic Title Company | |
| Lincoln Property Trust | -- | None Available | |
| 2503 Tulare Llc | -- | None Available | |
| Khachikian Kroup | -- | -- | |
| Khachikian Kroup | -- | American Coast Title | |
| Khachikian Kroup | -- | -- | |
| Khachikian Kroup | $468,000 | -- | |
| Angolisengerdi Juliet | -- | -- | |
| Khachikian Kroup | -- | -- | |
| Starleaf Steven W | -- | Old Republic Title | |
| Starleaf Steven W | $378,000 | Old Republic Title | |
| Daniele Elaine | $247,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Avanessians Artik | $800,000 | |
| Previous Owner | Avanessians Artik | $464,000 | |
| Previous Owner | Khachikian Kroup | $460,000 | |
| Previous Owner | Khachikian Kroup | $368,000 | |
| Previous Owner | Starleaf Steven W | $339,800 | |
| Previous Owner | Daniele Elaine | $160,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2017 05/16/17 | Sold | $1,175,000 | -13.0% | $381 / Sq Ft |
| 04/14/2017 04/14/17 | Pending | -- | -- | -- |
| 03/09/2017 03/09/17 | For Sale | $1,350,000 | -- | $438 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $15,108 | $1,363,682 | $818,210 | $545,472 |
| 2024 | $15,108 | $1,336,944 | $802,167 | $534,777 |
| 2023 | $14,948 | $1,310,731 | $786,439 | $524,292 |
| 2022 | $14,274 | $1,285,031 | $771,019 | $514,012 |
| 2021 | $14,215 | $1,259,835 | $755,901 | $503,934 |
| 2020 | $14,059 | $1,246,918 | $748,151 | $498,767 |
| 2019 | $13,642 | $1,222,470 | $733,482 | $488,988 |
| 2018 | $13,480 | $1,198,500 | $719,100 | $479,400 |
| 2016 | $11,897 | $1,076,164 | $639,607 | $436,557 |
| 2015 | $9,970 | $897,582 | $540,589 | $356,993 |
| 2014 | $9,960 | $840,302 | $561,946 | $278,356 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Seller Co-Listing Agent in 2017
Michael Moran
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17048252
APN: 2473-021-001
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