David Nalbandyan
LA Premier Realty
(747) 277-0134
78 Total Sales
1 in Downtown Burbank
$1,350,000 Price
257 E Valencia Ave Burbank, CA 91502
Downtown Burbank Neighborhood
46
Beds
48
Baths
23,206
Sq Ft
0.31
Acre Lot
Highlights
- 0.31 Acre Lot
- Subterranean Parking
- Central Heating
- Joaquin Miller Elementary School Rated A-
- Air Conditioning
- Gated Home
About This Home
As of April 2023PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS. CBRE, Inc. is proud to exclusively present 257 E. Valencia Avenue in the city of Burbank, California. Located south of S. Glenoaks Boulevard and north of San Fernando Boulevard, between Alameda Avenue and Providencia Avenue, this property offers an investor the opportunity to own a prime piece of real estate in one of the most prominent submarkets within the Tri-Cities and San Fernando Valley. 257 E. Valencia Avenue is a three-story 24-unit multifamily property constructed in 1993 on a 13,612 SF BUR4 zoned lot, with a total building size of 23,206 SF. The neatly landscaped, controlled-access property is well-maintained, is separately metered for gas and electric, and offers enclosed parking garages with ample storage areas. 257 E. Valencia Ave. is comprised of 8 two-bedroom/ two-bath units, 14 two-bedroom/one and- a-half-bath units, and 2 one-bedroom/one-and-a-half-bath units. The spacious units are equipped with updated laminate and tile flooring, in-unit washer and dryer units, a stove, refrigerator, granite countertops, and centralized air conditioning and heating. The property has large a gated subterranean parking with 44 parking spaces and ample individual patio and balcony spaces for tenants.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1993
Lot Details
- 13,612 Sq Ft Lot
- Gated Home
Interior Spaces
- 23,206 Sq Ft Home
- 3-Story Property
- Laundry in unit
Kitchen
- Oven or Range
- Range
Bedrooms and Bathrooms
- 46 Bedrooms
- 48 Bathrooms
Parking
- 1 Open Parking Space
- 44 Parking Spaces
- 11 Carport Spaces
- Subterranean Parking
- Automatic Gate
Utilities
- Air Conditioning
- Central Heating
Community Details
- 24 Units
Listing and Financial Details
- Assessor Parcel Number 2453-037-056
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Burbank, CA
-
David Nalbandyan
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
14 Total Sales
1 in Downtown Burbank
$819,000 Price
-
Jerry Linney
Jerry Linney
First Team Real Estate
(619) 773-0841
59 Total Sales
1 in Downtown Burbank
$1,100,000 Price
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
50 Total Sales
2 in Downtown Burbank
$670,000 Price Range
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
167 Total Sales
1 in Downtown Burbank
$1,680,000 Price
-
Amy Engler
Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
58 Total Sales
1 in Downtown Burbank
$615,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $10,270,000 | Chicago Title Company | ||
| Tam Jose | -- | Fidelity National Title Co | |
| Tam Jose | -- | None Available | |
| Tam Jose | $2,850,000 | Old Republic Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $4,800,000 | ||
| Previous Owner | Tam Jose | $900,000 | |
| Previous Owner | Tam Jose | $2,600,000 | |
| Previous Owner | Tam Jose | $2,750,000 | |
| Previous Owner | Tam Jose | $1,960,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2023 04/07/23 | Sold | $10,270,000 | -8.7% | $443 / Sq Ft |
| 02/06/2023 02/06/23 | Pending | -- | -- | -- |
| 12/01/2022 12/01/22 | For Sale | $11,250,000 | -- | $485 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $121,181 | $10,898,605 | $3,682,391 | $7,216,214 |
| 2025 | $121,181 | $10,684,908 | $3,610,188 | $7,074,720 |
| 2024 | $117,435 | $10,475,400 | $3,539,400 | $6,936,000 |
| 2023 | $47,272 | $4,046,815 | $1,010,986 | $3,035,829 |
| 2022 | $45,184 | $3,967,466 | $991,163 | $2,976,303 |
| 2021 | $44,897 | $3,889,674 | $971,729 | $2,917,945 |
| 2019 | $43,119 | $3,774,307 | $942,908 | $2,831,399 |
| 2018 | $42,732 | $3,700,302 | $924,420 | $2,775,882 |
| 2016 | $40,380 | $3,556,617 | $888,525 | $2,668,092 |
| 2015 | $39,579 | $3,503,194 | $875,179 | $2,628,015 |
| 2014 | $39,593 | $3,434,572 | $858,036 | $2,576,536 |
Source: Public Records
Agents Affiliated with this Home
-
Jenny Eng
Seller's Agent in 2023
Jenny Eng
CBRE
(818) 905-2400
1 in this area
15 Total Sales
-
Priscilla Nee
Buyer's Agent in 2023
Priscilla Nee
CB Richard Ellis, Inc.
(310) 550-2500
1 in this area
29 Total Sales
Map
Source: The MLS
MLS Number: 22-221949
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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