$2,300,000
SOLD APR 3, 2025
4 Beds
3 Baths
4,364 Sq Ft
6,812 Sq Ft Lot

Recently Sold

$527 Per Sq Ft

3% Below List Price

27 Days on Market

Highlights

  • Laundry Room
  • William McKinley Elementary School Rated A-
  • Rectangular Lot

About This Home

As of April 2025

We are proud to represent this 5 unit property located in Burbank.
The property was constructed in 1928. Its unit mix consists of (1) 2+1 home and (4) 2+1.5 townhouse units. With a lot size of 6,810 square feet, the property has a total of 4,364 rentable square feet.
The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.
The property is separately metered for gas and electricity

Last Agent to Sell the Property

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 01/07/2025

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 01/07/2025

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,812 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Apartment

Interior Spaces

  • 4,364 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 5 / D
  • Tax Tract Number 7709
  • Assessor Parcel Number 2451034004
  • $902 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $2,463
  • Insurance Expense $5,827
  • Trash Expense $1,543
  • Operating Expense $46,960
  • Gross Income $166,440
  • Net Operating Income $119,942

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • CapRate: 5.03
  • Price Per Unit: 475000
  • Property Attached: Yes
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2451034004
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 527.04

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1543.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6812.00
  • Lot Size Acres: 0.1564

Multi Family

  • Electric Expense: 2463.00
  • Gross Income: 166440.00
  • Gross Multiplier: 13.84
  • Gross Scheduled Income: 171600.00
  • Insurance Expense: 5827.00
  • Lot Size Area: 6812.0000 Square Feet
  • Net Operating Income: 119942.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 46960.00
  • Rent Control: No
  • Total Expenses: 46960.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 3118.01
  • Tax Lot: 5
  • Tax Tract Number: 7709
  • TaxOtherAnnualAssessmentAmount: 902.00

Similar Homes in Burbank, CA

  • 607 E Olive Ave, Burbank, CA 91501

    $2,395,000

    • 8 Beds
    • 8 Baths
    • 3,500 Sq Ft
    • 607 E Olive Ave
    • Burbank, CA

    FIRST TIME ON THE MARKET!! Located in the highly desirable NW of Burbank, one block below Kenneth. This pride of ownership property is well maintained 5-units plus 1 new ADU! Three of the five units are one bedroom and one bathroom with on site parking accessed from the alleyway. Duplex features 2 bedrooms 2 baths each unit. ADU has been completed in 2021, has a separate address and features

    Maya Gulbekova Re/Max Tri-City Realty

    Section Image
  • 710 E Olive Ave, Burbank, CA 91501

    $2,100,000

    • 8 Beds
    • 8 Baths
    • 4,820 Sq Ft
    • 710 E Olive Ave
    • Burbank, CA

    Located in the prestigious Burbank Hills, this well-maintained fourplex could be a wonderful place to call home or an incredible opportunity to add to your investment portfolio. The detached owners unit is located at the front of the property and offers 2 bedrooms, 2 bathrooms, spacious family room, cozy fireplace, comfortable outdoor patio and an attached two car garage with

    Claudio Madariaga REMAX Empower

    Section Image
  • 625 N Niagara St, Burbank, CA 91505

    $1,995,000

    • 8 Beds
    • 6 Baths
    • 3,685 Sq Ft
    • 625 N Niagara St
    • Burbank, CA

    This contemporary townhouse-style duplex in Burbank offers a rare opportunity for both homeowners and investors in one of LA's most dynamic neighborhoods. Located just minutes from the major studios and the heart of the Burbank Media Center, the property is also close to movie theaters, top-rated restaurants, Griffith Park, and popular outdoor activities like hiking and horseback riding. With

    Joshua Cohen Real Broker

    Section Image
  • 3311 W Alameda Ave, Burbank, CA 91505

    $2,799,000

    • 9 Beds
    • 17 Baths
    • 5,108 Sq Ft
    • 3311 W Alameda Ave
    • Burbank, CA

    First time on market in nearly 3 decades, a true pride of ownership property. 3 separate buildings, total of 8 units, on site laundry room, dedicated garages and well manicured grounds. Windows have been upgraded to Milgard, all electrical subpanels updated, and in-place income is strong, with a mix of long term tenancy and tenants within the past few years. All of the buildings were painted in

    David Issaians Keller Williams R. E. Services

    Section Image
  • 1700 Grismer Ave, Burbank, CA 91504

    $2,599,000

    • 8 Beds
    • 6 Baths
    • 3,875 Sq Ft
    • 1700 Grismer Ave
    • Burbank, CA

    Just reduced! Owner will carry the 1st trust deed with 40% down for 4 years. First year to be 5%, second year to be 6%, third year to be 7% and the fourth year to be 8%. Perfect opportunity to obtain this investment and have lower interest rates for the first years to make improvements or additions. This is an incredible value-add opportunity situated in a highly desirable area of Burbank.

    Joyce Starleaf Equity Union

    Section Image
  • 2250 N Frederic St, Burbank, CA 91504

    $2,000,000

    • 8 Beds
    • 4 Baths
    • 3,912 Sq Ft
    • 2250 N Frederic St
    • Burbank, CA

    Welcome to 2250 N Frederic St, a well-maintained and recently remodeled Fourplex nestled in the heart of Burbank - one of the most sought-after rental markets in LA! Built in 1964, the property spans 3,912 SF situated on a 6,500 SF lot and features (4) spacious 2-bed + 1-bath units. All four units been fully remodeled and upgraded with modern finishes and in-unit washer/dryers, along with various

    David Weinberger Keller Williams Studio City

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 Sold $2,300,000 -3.2% $527 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $2,375,000 +98.9% $544 / Sq Ft
05/10/2016 05/10/16 Sold $1,194,000 -0.4% $274 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $1,199,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25003909

California Regional Multiple Listing Service (CRMLS)