NOT LISTED FOR SALE

2687 N Frederic St Burbank, CA 91504

Hillside District Neighborhood

Estimated Value: $816,000 - $1,438,217

4 Beds
3 Baths
2,196 Sq Ft
$556/Sq Ft Est. Value

Last Sold May 08, 2012

Last sale price $548,600 $250 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $7,027/month

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Mountain View
  • No HOA
  • George Washington Elementary Rated A-
  • Traditional Architecture
  • Laundry Room

About This Home

As of May 2012

Bread and butter units in low density residential area of Burbank, close to freeways and convenient to neighborhood markets and restaurants. Opportunity to owner-occupy a unit or purchase as an investment. Property is professionally managed. Drive by only; inspection with acceptable offer.

Last Agent to Sell the Property

Thomas Masterani

Engel & Völkers Burbank License #00716502 Listed on: 03/13/2012

Engel & Völkers Burbank

Co-Listed By

Dan Sanchez

Engel & Völkers Burbank License #01258134

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,786 Sq Ft Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,196 Sq Ft Home
  • Blinds
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Storage
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 25
  • Tax Tract Number 9224
  • Assessor Parcel Number 2473021028

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $173
  • Furniture Replacement Expense $1,645
  • Gardener Expense $960
  • Insurance Expense $1,450
  • Maintenance Expense $2,637
  • Other Expense $46
  • Professional Management Expense $3,000
  • Water Sewer Expense $808
  • New Taxes Expense $6,752
  • Gross Income $3,706
  • Net Operating Income $28,473

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Improvements Percent: 41.00
  • Professional Management Expense: 3000.00
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 808.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2473021028
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Storage, Unfurnished
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 249.82
  • Room Type: All Bedrooms Down
  • Window Features: Blinds, Screens

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Laundry Features: Dryer Included, Individual Room, Washer Included

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Value Percent: 59.00
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6786.00
  • Lot Size Acres: 0.1560

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 675
  • Average2 Bed Area: 850
  • Electric Expense: 173.00
  • Furniture Replacement Expense: 1645.00
  • Gross Income: 3706.00
  • Gross Multiplier: 12.74
  • Gross Scheduled Income: 43872.00
  • Insurance Expense: 1450.00
  • Lot Size Area: 6786.0000 Square Feet
  • Maintenance Expense: 2637.00
  • Net Operating Income: 28473.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 15399.00
  • Operating Expense Percent: 35.00
  • Other Expense: 46.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 42840.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6752.00
  • Tax Lot: 25
  • Tax Tract Number: 9224
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2015
Sold by
Shaverdian Harout
Bought by
The Harout Shaverdian & Lida Shaverdian
Current Estimated Value
$1,220,304

Purchase Details

Listed on
Mar 13, 2012
Closed on
May 1, 2012
Sold by
Burling Violet
Bought by
Shaverdian Harout and Shaverdian Lida
Seller's Agent
Thomas Masterani
Engel & Völkers Burbank
List Price
$559,000
Sold Price
$548,600
Premium/Discount to List
-$10,400
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$411,450
Outstanding Balance
$287,070
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$933,234

Purchase Details

Closed on
Oct 7, 2002
Sold by
Caruso Dennis
Bought by
Burling Violet and The Violet Burling Trust

Purchase Details

Closed on
Jul 30, 2002
Sold by
Caruso Dennis
Bought by
Caruso Dennis and Caruso Nina Zammit

Purchase Details

Closed on
Jun 26, 2001
Sold by
Caruso Dennis
Bought by
Caruso Dennis and Dennis Caruso Separate Property Trust

Purchase Details

Closed on
Mar 26, 2001
Sold by
Caruso Dennis
Bought by
Caruso Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,703
Interest Rate
7.19%

Purchase Details

Closed on
Nov 14, 1997
Sold by
Caruso Dennis
Bought by
Caruso Dennis and Dennis Caruso Separate Property Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
The Harout Shaverdian & Lida Shaverdian -- None Available
Shaverdian Harout $549,000 Fidelity National Title Co
Burling Violet $425,000 Commonwealth Land Title Co
Caruso Dennis -- --
Caruso Dennis -- --
Caruso Dennis -- Commonwealth Land Title Co
Caruso Dennis -- Continental Title
Caruso Dennis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaverdian Harout $411,450
Previous Owner Caruso Dennis $194,703
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2012 05/08/12 Sold $548,600 -1.9% $250 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $559,000 -- $255 / 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 $7,751 $689,061 $435,846 $253,215
2024 $7,751 $675,550 $427,300 $248,250
2023 $7,671 $662,305 $418,922 $243,383
2022 $7,327 $649,319 $410,708 $238,611
2021 $7,292 $636,588 $402,655 $233,933
2019 $7,001 $617,709 $390,713 $226,996
2018 $6,881 $605,598 $383,052 $222,546
2016 $6,526 $582,084 $368,179 $213,905
2015 $6,395 $573,341 $362,649 $210,692
2014 $6,392 $562,111 $355,546 $206,565
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Thomas Masterani

    Engel & Völkers Burbank

    (818) 843-7100

    5 in this area

    21 Total Sales

    Thomas Masterani
    Section Image
  • Dan Sanchez

    Seller Co-Listing Agent in 2012

    Dan Sanchez

    Engel & Völkers Burbank

    (818) 730-2361

    7 in this area

    45 Total Sales

    Dan Sanchez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12033456

California Regional Multiple Listing Service (CRMLS)

APN: 2473-021-028

California Los Angeles County Burbank 91504 Hillside District

2687 N Frederic St, Burbank, CA

Not Listed for Sale

MultiFamily

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