2620 W Chandler Blvd Burbank, CA 91505
Magnolia Park NeighborhoodEstimated Value: $1,161,000 - $1,372,000
3
Beds
3
Baths
1,356
Sq Ft
$905/Sq Ft
Est. Value
Highlights
- Private Yard
- No HOA
- Tile Countertops
- Thomas Edison Elementary School Rated A
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
As of October 20162620 W Chandler is a non rent-controlled triplex in the “Chandler Park” neighborhood of Burbank. The property occupies close to 7,000 square feet of land directly across the street from the Chandler Bike Path. At $740,000, this will go fast!
2620 W Chandler is made up of three 1 bedroom, 1 bathroom units. The property boasts amenities such as: an enormous back yard, a lovely patio, a two car garage and plentiful driveway space.
There is ample upside on these units and with the lack of rent control, it is possible to immediately bring the building up to its potential. Due to its exceptional location on the bike path, this is a truly unbeatable rental property.
Last Agent to Sell the Property
Elizabeth Maddox
No Firm Affiliation License #01921425 Listed on: 08/10/2016
Last Buyer's Agent
Elizabeth Maddox
No Firm Affiliation License #01921425 Listed on: 08/10/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,022
Year Built
- Built in 1939
Lot Details
- 6,913 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Paved or Partially Paved Lot
- Private Yard
- Lawn
- Back and Front Yard
- Value in Land
Parking
- 2 Car Garage
- 3 Carport Spaces
Home Design
- Property Attached
Interior Spaces
- 1,356 Sq Ft Home
- 2-Story Property
- Tile Countertops
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 82
- Tax Tract Number 7479
- Assessor Parcel Number 2478022015
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $800
- Water Sewer Expense $700
- New Taxes Expense $8,022
- Gross Income $2,215
- Net Operating Income $13,793
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 15, 2021
Sold by
Bagumyan Sarmen and Bagumyan Raquel
Bought by
Srb Venture Llc
Total Days on Market
12
Current Estimated Value
Purchase Details
Listed on
Aug 10, 2016
Closed on
Aug 30, 2016
Sold by
Hunemiller Gregg Lee and Schwenneker Family Trust Survi
Bought by
Bagumyan Sarmen and Bagumyan Raquel
Seller's Agent
Elizabeth Maddox
No Firm Affiliation
Buyer's Agent
Elizabeth Maddox
No Firm Affiliation
List Price
$740,000
Sold Price
$750,000
Premium/Discount to List
$10,000
1.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$562,500
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 29, 2008
Sold by
Schwenneker Lynn G and Schwenneker Family Trust
Bought by
Schwenneker Lynn G and Schwenneker Family Trust
Purchase Details
Closed on
Sep 27, 1996
Sold by
Schwenneker Lynn G
Bought by
Schwenneker Lynn G and Schwenneker Leona V
Similar Home 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 |
|---|---|---|---|
| Srb Venture Llc | -- | None Available | |
| Bagumyan Sarmen | $750,000 | Provident Title Company | |
| Schwenneker Lynn G | -- | None Available | |
| Schwenneker Lynn G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bagumyan Sarmen | $785,000 | |
| Previous Owner | Bagumyan Sarmen | $562,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2016 10/20/16 | Sold | $750,000 | +1.4% | $553 / Sq Ft |
| 08/22/2016 08/22/16 | Pending | -- | -- | -- |
| 08/10/2016 08/10/16 | For Sale | $740,000 | -- | $546 / 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 | $10,720 | $945,977 | $512,020 | $433,957 |
| 2023 | $10,607 | $927,430 | $501,981 | $425,449 |
| 2022 | $10,129 | $909,246 | $492,139 | $417,107 |
| 2021 | $10,089 | $891,419 | $482,490 | $408,929 |
| 2020 | $9,979 | $882,659 | $477,543 | $405,116 |
| 2019 | $9,684 | $865,360 | $468,180 | $397,180 |
| 2018 | $8,592 | $765,380 | $459,000 | $306,380 |
| 2016 | $773 | $57,320 | $29,799 | $27,521 |
| 2015 | $760 | $56,460 | $29,352 | $27,108 |
| 2014 | $781 | $55,355 | $28,778 | $26,577 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2016
Elizabeth Maddox
No Firm Affiliation
(818) 850-8485
122 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16175559
APN: 2478-022-015
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.
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
Nearby Homes
- 850 N Naomi St
- 2914 W Chandler Blvd
- 914 N Catalina St
- 835 N Lincoln St
- 1135 N Frederic St
- 934 N Fairview St
- 1215 N Catalina St
- 1234 N Ontario St
- 712 N Keystone St
- 3411 W Chandler Blvd
- 1232 N Avon St
- 1320 N Lincoln St
- 429 N Lincoln St
- 1322 N Lincoln St
- 730 N Orchard Dr
- 1332 N Lincoln St
- 824 N Lima St
- 433 N Buena Vista St
- 1520 N Avon St
- 1420 N Lincoln St
- 2620 W Chandler Blvd
- 940 N Naomi St
- 2614 W Chandler Blvd
- 934 N Naomi St
- 941 N Naomi St
- 2610 W Chandler Blvd
- 2702 W Chandler Blvd
- 930 N Naomi St
- 2704 W Chandler Blvd
- 2606 W Chandler Blvd
- 2706 W Chandler Blvd
- 926 N Naomi St
- 933 N Naomi St
- 935 N Frederic St
- 939 N Frederic St
- 2710 W Chandler Blvd
- 931 N Frederic St
- 929 N Naomi St
- 922 N Naomi St
- 2619 W Chandler Blvd