NOT LISTED FOR SALE

Estimated Value: $1,192,000 - $1,528,000

3 Beds
2 Baths
1,979 Sq Ft
$695/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,100,000 $556 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,503/month

Highlights

  • Private Yard
  • George Washington Elementary Rated A-
  • Laundry Room

About This Home

As of July 2021

We are proud to represent this triplex in Burbank.
The building was constructed in 1950. Its unit mix consists of (2) one-bedroom, one-bathroom units and (1) two-bedroom, one-bathroom unit. With a lot size of 5,905 square feet, the property has a total of 1,979 rentable square feet.
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.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 06/29/2021

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 06/29/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,793

Year Built

  • Built in 1950

Lot Details

  • 5,906 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • 1,979 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 12320
  • Assessor Parcel Number 2473020011

Community Details

Overview

  • 3 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Fuel Expense $132
  • Insurance Expense $1,114
  • Water Sewer Expense $816
  • Operating Expense $19,313
  • Gross Income $54,840
  • Net Operating Income $37,482

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,793

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 816.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Parcel Number: 2473020011
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 555.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5906.00
  • Lot Size Acres: 0.1356

Multi Family

  • Fuel Expense: 132.00
  • Gross Income: 54840.00
  • Gross Scheduled Income: 54840.00
  • Insurance Expense: 1114.00
  • Lot Size Area: 5906.0000 Square Feet
  • Net Operating Income: 37482.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 54840.00
  • Rent Control: No
  • Total Expenses: 19313.00

Tax Info

  • Tax Census Tract: 3104.00
  • Tax Lot: 45
  • Tax Tract Number: 12320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 1999
Sold by
Yegian Shahen and Yegian Bella
Bought by
Yegian Shahen
Current Estimated Value
$1,375,563
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Yegian Shahen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dreher Franz L $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $1,100,000 0.0% $556 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,100,000 -- $556 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,793 $1,167,328 $700,397 $466,931
2024 $12,793 $1,144,440 $686,664 $457,776
2023 $12,656 $1,122,000 $673,200 $448,800
2022 $12,081 $1,100,000 $660,000 $440,000
2021 $5,371 $463,732 $462,884 $848
2019 $5,158 $450,219 $449,155 $1,064
2018 $5,054 $441,397 $440,349 $1,048
2016 $4,748 $424,028 $423,250 $778
2015 $4,652 $417,660 $416,893 $767
2014 $4,656 $409,479 $408,727 $752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21141288

California Regional Multiple Listing Service (CRMLS)

APN: 2473-020-011