NOT LISTED FOR SALE

2620 W Clark Ave Burbank, CA 91505

Magnolia Park Neighborhood

Estimated Value: $1,164,000 - $1,431,271

4 Beds
2 Baths
1,592 Sq Ft
$820/Sq Ft Est. Value

Last Sold June 10, 2015

Last sale price $705,000 $443 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,780/month

77 Days on Market

Highlights

  • Central Air
  • Dolores Huerta Middle School Rated A-
  • Floor Furnace

About This Home

As of June 2015

Duplex located in a very desirable area of Burbank. Close to entertainment, shopping and easy access to freeways. Property has been very well maintained and produces stable income.

Last Agent to Sell the Property

Rafael Figueroa

Raford Management Co. License #00860084 Listed on: 02/09/2015

Last Buyer's Agent

Rafael Figueroa

Raford Management Co. License #00860084 Listed on: 02/09/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,278 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,592 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 42
  • Tax Tract Number 9736
  • Assessor Parcel Number 2479021005

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Maintenance Expense $2,000
  • New Taxes Expense $8,700
  • Gross Income $2,900
  • Net Operating Income $27,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 2479021005
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7278.00
  • Price Per Lot Square Foot: 96.87
  • Lot Size Acres: 0.1670

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 750
  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7278.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 27300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8700.00
  • Taxes Percent: 1.00
  • Tax Lot: 42
  • Tax Tract Number: 9736
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2015
Closed on
Jun 12, 2015
Sold by
Levine Felicia and Felicia Levine Revocable Trust
Bought by
Clark Park Llc
Seller's Agent
Rafael Figueroa
Raford Management Co.
Buyer's Agent
Rafael Figueroa
Raford Management Co.
List Price
$725,000
Sold Price
$705,000
Premium/Discount to List
-$20,000
-2.76%
Current Estimated Value
$1,305,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,568
Avg. Annual Appreciation
5.97%
Original Mortgage
$460,000
Outstanding Balance
$352,565
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$953,003

Purchase Details

Listed on
Feb 9, 2015
Closed on
May 4, 2015
Sold by
Richmond Ida and The Ida Richmond Living Trust
Bought by
Levine Felicia and The Felicia Levine Revocable T
Seller's Agent
Rafael Figueroa
Raford Management Co.
Buyer's Agent
Rafael Figueroa
Raford Management Co.
List Price
$725,000
Sold Price
$705,000
Premium/Discount to List
-$20,000
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$352,565
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$953,003
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark Park Llc -- None Available
Levine Felicia $705,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levine Felicia $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2015 06/10/15 Sold $705,000 -2.8% $443 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
02/09/2015 02/09/15 For Sale $725,000 -- $455 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,214 $918,450 $510,781 $407,669
2024 $10,214 $900,442 $500,766 $399,676
2023 $10,107 $882,788 $490,948 $391,840
2022 $9,651 $865,479 $481,322 $384,157
2021 $9,611 $848,510 $471,885 $376,625
2020 $9,506 $839,811 $467,047 $372,764
2019 $9,225 $823,345 $457,890 $365,455
2018 $9,073 $807,202 $448,912 $358,290
2016 $7,937 $715,751 $431,481 $284,270
2015 $5,014 $450,217 $330,166 $120,051
2014 -- $441,399 $323,699 $117,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rafael Figueroa

    Raford Management Co.

    (818) 758-8400

    10 Total Sales

    Rafael Figueroa
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15027738

California Regional Multiple Listing Service (CRMLS)

APN: 2479-021-005

California Los Angeles County Burbank 91505 Magnolia Park

2620 W Clark Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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