NOT LISTED FOR SALE

Estimated Value: $1,311,852

2 Beds
1 Bath
2,059 Sq Ft
$637/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2024

Last sale price $1,325,000 $644 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,456 / mo

9 Days on Market

Highlights

  • No Units Above
  • Lawn
  • High-Efficiency Water Heater
  • Property is near public transit
  • Foothills
  • Landscaped

About This Home

As of July 2024

The MOST STUNNINGLY WELL MAINTAINED TRIPLEX available in Prime Burbank Hill area! ALL three units are 2+1, featuring splendid upgrades- all dual glazed energy efficient glass, new stucco, newer HVAC on 2 units, new water heaters, gorgeous landscaping, a super quiet cul-de-sac neighborhood surrounded by Burbank's 150,000+ jobs, and all major Studios and production firms nearby. Super access to Burbank Airport but no flight noise! Next to I-5, but giant sound wall, so quiet. Onsite laundry room for tenant ease, plus 3 garages (ADU upside possibly?) and additional off-street parking space. "Drool-worthy" investment, pride of ownership throughout! HUGE UPSIDE: Now laundry room earns $75 mo, but could be $135 mo with price adjustment. One garage not included in lease and can be rented for $200+ mo (other 2 run with current leases); Open parking pad can be rented to RV for $365+ mo instantly. Rents should all be increased as the terms finish: ALL VERY LOW! Proforma rents within two years if garages and pad rented, rents increased, etc (even without ADUs!) should be $8,870 mo/$106,440 yr. by calculating one turnover/new tenant. Look at this splendid LONG TERM ownership property!

Last Agent to Sell the Property

Barry Burnett

Barry Burnett Realty, Inc. Brokerage Email: Barry@BarryBurnett.net License #00989278 Listed on: 05/15/2024

Co-Listed By

Stefan Doomanis

Coldwell Banker Envision Brokerage Email: Barry@BarryBurnett.net License #01969643

Last Buyer's Agent

Vardkes Bazikian

Imperial Realty Co. License #01173623

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,041 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,059 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Thermostat

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Tax Lot 95
  • Tax Tract Number 12320
  • Assessor Parcel Number 2473021019
  • $320 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $5
  • Gross Income $69,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,041 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Zoning: BUR4*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2473021019
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 643.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, In Garage, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Gutters, Sidewalks, Suburban

Green Features

  • Efficiency: Thermostat, Water Heater, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Paved, Walkstreet
  • Lot Size Sq Ft: 6041.00
  • Lot Size Acres: 0.1387
  • Latitude Manual: 34.20207000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 69000.00
  • Gross Scheduled Income: 5750.00
  • Insurance Expense: 1.00
  • Laundry Income: 75.00
  • Lot Size Area: 6041.0000 Square Feet
  • Net Operating Income: 60000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 750.00
  • Other Income Description: Year 2.5 PROFORMA: $106,440 yr
  • Rent Control: Yes
  • Total Expenses: 5.00

Tax Info

  • Tax Census Tract: 3104.00
  • Tax Lot: 95
  • Tax Tract Number: 12320
  • TaxOtherAnnualAssessmentAmount: 320.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 31, 2024
Sold by
Bought by
Seller's Agent
Barry Burnett
Barry Burnett Realty, Inc.
Buyer's Agent
Vardkes Bazikian
Imperial Realty Co.
List Price
$1,374,990
Sold Price
$1,325,000
Premium/Discount to List
-$49,990
-3.64%
Views
15
Current Estimated Value
$1,311,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,148
Avg. Annual Appreciation
-0.48%

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 24, 2024
Sold by
Bought by
Seller's Agent
Barry Burnett
Barry Burnett Realty, Inc.
Buyer's Agent
Vardkes Bazikian
Imperial Realty Co.
List Price
$1,374,990
Sold Price
$1,325,000
Premium/Discount to List
-$49,990
-3.64%
Views
15

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 7, 2024
Sold by
Bought by
Seller's Agent
Barry Burnett
Barry Burnett Realty, Inc.
Buyer's Agent
Vardkes Bazikian
Imperial Realty Co.
List Price
$1,374,990
Sold Price
$1,325,000
Premium/Discount to List
-$49,990
-3.64%
Views
15

Purchase Details

Closed on
Dec 12, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
-- None Listed On Document
$1,325,000 Monarch Title
-- Monarch Title
-- None Available
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
07/01/2024 07/01/24 Sold $1,325,000 -3.6% $644 / Sq Ft
05/21/2024 05/21/24 Price Changed $1,374,900 0.0% $668 / Sq Ft
05/15/2024 05/15/24 For Sale $1,374,990 -- $668 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $15,035 $1,325,000 $795,000 $530,000
2024 $4,069 $341,635 $253,797 $87,838
2023 $4,029 $334,937 $248,821 $86,116
2022 $3,852 $328,371 $243,943 $84,428
2021 $3,827 $321,933 $239,160 $82,773
2019 $3,678 $312,386 $232,067 $80,319
2018 $3,572 $306,262 $227,517 $78,745
2016 $3,376 $294,371 $218,683 $75,688
2015 $3,310 $289,951 $215,399 $74,552
2014 $3,320 $284,272 $211,180 $73,092
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24098359

California Regional Multiple Listing Service (CRMLS)

APN: 2473-021-019

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