$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
  • Entry on the 1st floor

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
  • 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
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $16,111 $1,413,447 $561,116 $852,331
2024 $16,111 $1,385,733 $550,114 $835,619
2023 $15,946 $1,358,563 $539,328 $819,235
2022 $15,246 $1,331,925 $528,753 $803,172
2021 $15,176 $1,305,810 $518,386 $787,424
2020 $15,013 $1,292,421 $513,071 $779,350
2019 $14,581 $1,267,080 $503,011 $764,069
2018 $14,389 $1,242,237 $493,149 $749,088
2016 $1,785 $115,525 $28,975 $86,550
2015 $1,759 $113,790 $28,540 $85,250
2014 $1,790 $111,562 $27,981 $83,581
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)