2569 N Lincoln St Burbank, CA 91504
Hillside District NeighborhoodEstimated Value: $1,246,000 - $1,315,905
1
Bed
1
Bath
2,136
Sq Ft
$604/Sq Ft
Est. Value
Highlights
- Lawn
- Laundry Room
- 1-Story Property
- George Washington Elementary Rated A-
About This Home
As of September 2023We are proud to represent this 4 unit apartment building in an excellent rental pocket in the heart of Burbank.
The building was constructed in 1948. Its unit mix consists of (4) 1+1 units. With a lot size of 6,272 square feet, the property has a total of 2,136 rentable square feet. There are (3) two car garages that are being rented for additional income.
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,511
Year Built
- Built in 1948
Lot Details
- 6,335 Sq Ft Lot
- 1 Common Wall
- Lawn
Parking
- 4 Car Garage
Home Design
- Apartment
Interior Spaces
- 2,136 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 12320
- Assessor Parcel Number 2473017004
- $333 per year additional tax assessments
Community Details
Overview
- 4 Units
- Valley
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $2,186
- Operating Expense $23,142
- Gross Income $74,424
- Net Operating Income $55,349
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2023
Closed on
Aug 24, 2023
Sold by
Dalia Tan 2017 Trust
Bought by
Berberian Christopher George
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,200,000
Sold Price
$1,200,000
Total Days on Market
0
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,226
Avg. Annual Appreciation
4.28%
Original Mortgage
$960,000
Outstanding Balance
$941,631
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$347,595
Purchase Details
Closed on
Jun 12, 2023
Sold by
North Lincoln Trust
Bought by
Dalia Tan 2017 Trust and Tan
Purchase Details
Closed on
Aug 9, 2017
Sold by
Tan Dalia and Dalia Tan Trust
Bought by
Tan Dalia and The Dalia Tan 2017 Trust
Purchase Details
Closed on
May 5, 2006
Sold by
Tan Dalia and Dalia Tan Trust
Bought by
Discovery Management Group Llc and North Lincoln Land Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2006
Sold by
Tan Dalia and Dalia Tan Trust
Bought by
Tan Dalia and The Dalia Tan Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 30, 1997
Sold by
Tan Dalia
Bought by
Tan Dalia and Dalia Tan Trust
Purchase Details
Closed on
Apr 14, 1994
Sold by
Tan Dalia
Bought by
Tan Dalia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.79%
Purchase Details
Closed on
Apr 6, 1994
Sold by
Finkelstien David
Bought by
Tan Herlinda and Finkelstein Herlinda Tan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.79%
Similar Homes in Burbank, CA
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 |
|---|---|---|---|
| Berberian Christopher George | $1,200,000 | Lawyers Title | |
| Dalia Tan 2017 Trust | -- | None Listed On Document | |
| Tan Dalia | -- | None Available | |
| Discovery Management Group Llc | -- | None Available | |
| Tan Dalia | -- | American Coast Title | |
| Tan Dalia | -- | -- | |
| Tan Dalia | -- | Title Land Company Inc | |
| Tan Herlinda | -- | Title Land Company Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Berberian Christopher George | $960,000 | |
| Previous Owner | Tan Dalia | $595,000 | |
| Previous Owner | Tan Dalia | $210,000 | |
| Previous Owner | Tan Dalia | $129,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2023 09/20/23 | Sold | $1,200,000 | 0.0% | $562 / Sq Ft |
| 07/05/2023 07/05/23 | Pending | -- | -- | -- |
| 07/05/2023 07/05/23 | For Sale | $1,200,000 | -- | $562 / 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 |
|---|---|---|---|---|
| 2024 | $13,511 | $1,200,000 | $850,000 | $350,000 |
| 2023 | $3,756 | $308,516 | $117,414 | $191,102 |
| 2022 | $3,593 | $302,467 | $115,112 | $187,355 |
| 2021 | $3,568 | $296,537 | $112,855 | $183,682 |
| 2019 | $3,430 | $287,743 | $109,508 | $178,235 |
| 2018 | $3,329 | $282,102 | $107,361 | $174,741 |
| 2016 | $3,145 | $271,149 | $103,193 | $167,956 |
| 2015 | $3,084 | $267,077 | $101,643 | $165,434 |
| 2014 | $3,102 | $261,846 | $99,652 | $162,194 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Hill
Seller's Agent in 2023
Cindy Hill
Equity Union
(818) 640-8360
7 in this area
75 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR23119638
APN: 2473-017-004
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