NOT LISTED FOR SALE
7 Beds
5 Baths
3,516 Sq Ft
5,493 Sq Ft Lot

Last Sold March 16, 2012

Last sale price $800,000 $228 Per Sq Ft

60 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • No HOA
  • Providencia Elementary School Rated A-
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2012

Great 5-unit apartment complex in great location. ALL UNITS ARE CURRENTLY RENTED with some long term tenants. 3-1bedroom, 2-two bedrooms with one bath each unit. Centrally located in the heart of Burbank. Close proximity to schools,groceries, malls, convenience stores. Walking distance to Ralphs Market and Wells Fargo Bank! Drive by, see for yourself. Also close to entertainment industry (Disney, Warner Bros, Nicholodeon, Cartoon Network, Starz, Yahoo, etc.) as well as the Bob Hope Airport. No problem to public transportation accessibility. Great opportunity for investors or owner occupied buyers. With common laundry facility (could be an added income). There definitely an upside in rent. With 2-2 car garages and a carport. THIS IS A GEM!

Last Agent to Sell the Property

Carmencita Harand

Keller Williams Realty World Media Center License #01258678 Listed on: 01/01/2012

Keller Williams Realty World Media Center

Last Buyer's Agent

Brett Howard

Howard Realty Group License #01120327

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 5,493

Parking

  • 4 Car Garage
  • 1 Carport Space
  • Parking Available
  • Parking Lot

Home Design

  • 3,516 Sq Ft Home
  • Traditional Architecture
  • Turnkey
  • Composition Roof
  • Wood Siding
  • Stucco

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Additional Features

  • Exterior Lighting
  • 5,493 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance
  • Tax Lot 3
  • Tax Tract Number 5061
  • Assessor Parcel Number 2463026003

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $2,166
  • Water Sewer Expense $3,119
  • New Taxes Expense $2,166
  • Gross Income $4,745
  • Net Operating Income $44,847

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 169999
  • View: No
  • Water Sewer Expenses: 3119.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 2463026003
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 227.53
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Parking Space, Private
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 5493.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance

Multi Family

  • Gross Income: 4745.00
  • Gross Scheduled Income: 56940.00
  • Insurance Expense: 2166.00
  • Lot Size Area: 5493.0000 Square Feet
  • Net Operating Income: 44847.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 12093.00
  • Other Income Description: Laundry $220 - Vendor owned
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2166.00
  • Tax Lot: 3
  • Tax Tract Number: 5061

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2012 03/16/12 Sold $800,000 -5.9% $228 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/01/2012 01/01/12 For Sale $849,999 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12000847

California Regional Multiple Listing Service (CRMLS)