NOT LISTED FOR SALE

2569 N Lincoln St Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $1,305,000 - $1,391,000

1 Bed
1 Bath
2,136 Sq Ft
$629/Sq Ft Est. Value

Last Sold September 20, 2023

Last sale price $1,200,000 $562 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,437/month

Highlights

  • Lawn
  • Laundry Room
  • 1-Story Property
  • George Washington Elementary Rated A-

About This Home

As of September 2023

We 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.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 07/05/2023

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 07/05/2023

Equity Union

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,511

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 300000
  • Property Attached: Yes
  • Zoning: BUR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2473017004
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 561.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • 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: Lawn
  • Lot Size Sq Ft: 6335.00
  • Lot Size Acres: 0.1454

Multi Family

  • Gross Income: 74424.00
  • Gross Scheduled Income: 74424.00
  • Insurance Expense: 2186.00
  • Lot Size Area: 6335.0000 Square Feet
  • Net Operating Income: 55349.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 23142.00
  • Rent Control: No
  • Total Expenses: 23142.00

Tax Info

  • Tax Census Tract: 3104.00
  • Tax Lot: 4
  • Tax Tract Number: 12320
  • TaxOtherAnnualAssessmentAmount: 333.00

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
Views
6
Current Estimated Value
$1,344,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,394
Avg. Annual Appreciation
6.06%
Original Mortgage
$960,000
Outstanding Balance
$939,766
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$404,628

Purchase Details

Closed on
Jun 12, 2023
Sold by
North Lincoln Trust and Discovery Management Group Llc
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%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
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

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 $13,511 $1,224,000 $867,000 $357,000
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

    76 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23119638

California Regional Multiple Listing Service (CRMLS)

APN: 2473-017-004

California Los Angeles County Burbank 91504 Hillside District

2569 N Lincoln St, Burbank, CA

This home is located at 2569 N Lincoln St, Burbank, CA 91504 since 05 July 2023 and is currently estimated at $1,344,394, approximately $629 per square foot. This property was built in 1948. 2569 N Lincoln St is a home located in Los Angeles County with nearby schools including George Washington Elementary, Luther Burbank Middle School, and Burbank High School.

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

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