Seller's Agent in 2021
Cindy Hill
Equity Union
(818) 640-8360
3 in this area
76 Total Sales
2715 W Clark Ave Burbank, CA 91505
Magnolia Park NeighborhoodEstimated Value: $1,398,000 - $1,764,431
1
Bed
1
Bath
2,270
Sq Ft
$700/Sq Ft
Est. Value
Highlights
- Laundry Room
- Dolores Huerta Middle School Rated A-
- Landscaped
About This Home
As of November 2021We are proud to represent this 4unit apartment building in an excellent rental pocket in the heart of Burbank's Magnolia Park district. The location is a real draw for renters, as the property is situated on a quiet, treelined street in a neighborhood of $1mil+ homes.
The building was constructed in 1947. Its unit mix consists of (4) onebedroom, onebathroom units. With a lot size of 6,249 square feet, the property has a total of 2,270 rentable square feet. Some of the highlights include hardwood floors, ceiling fans, and private garages. Tenants enjoy a garden style setting.
All renters have paid through COVID and none of the renters currently have leases.
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.
An astute investor will take advantage of historic low interest rates and the increasing rental market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,432
Year Built
- Built in 1947
Lot Details
- 6,250 Sq Ft Lot
- 1 Common Wall
- Landscaped
Parking
- 4 Car Garage
Home Design
- 2,270 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tax Lot 40
- Tax Tract Number 4775
- Assessor Parcel Number 2479006015
- $332 per year additional tax assessments
Community Details
Overview
- 4 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,250
- Trash Expense $900
- Water Sewer Expense $900
- Operating Expense $24,279
- Gross Income $81,000
- Net Operating Income $54,291
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2021
Closed on
Nov 23, 2021
Sold by
Thayer Dale
Bought by
Thayer Dale and The Clark Avenue Trust
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,495,000
Sold Price
$1,495,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,108
Avg. Annual Appreciation
1.62%
Original Mortgage
$1,121,250
Interest Rate
2.99%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 18, 2021
Closed on
Nov 9, 2021
Sold by
Thayer Mechole
Bought by
Thayer Dale
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,495,000
Sold Price
$1,495,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,250
Interest Rate
2.99%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 18, 2021
Closed on
Oct 5, 2021
Sold by
2715 West Clark Avenue Llc
Bought by
Thayer Dale
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,495,000
Sold Price
$1,495,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,250
Interest Rate
2.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 3, 2018
Sold by
Facciano Pauline R
Bought by
Llcl 2715 West Clark Avenue
Purchase Details
Closed on
Sep 23, 2017
Sold by
Facciano Andrew B and Andrew B Facciano Separate Pro
Bought by
2715 West Clark Avenue Llc
Purchase Details
Closed on
Jul 12, 2017
Sold by
The Facciano Family Trust
Bought by
Facciano Andrew B
Purchase Details
Closed on
Apr 28, 2017
Sold by
Facciano Andrew B and The Facciano Family Trust
Bought by
Facciano Andrew B and Facciano Pauline Rose
Purchase Details
Closed on
Dec 16, 2004
Sold by
Facciano Blanca R and The Facciano Family Trust
Bought by
Facciano Blanca R and The Facciano Family Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thayer Dale | -- | None Available | |
| Thayer Dale | -- | Lawyers Title | |
| Thayer Dale | $1,495,000 | Lawyers Title | |
| Llcl 2715 West Clark Avenue | -- | None Available | |
| 2715 West Clark Avenue Llc | -- | None Available | |
| Facciano Andrew B | -- | None Available | |
| Facciano Andrew B | -- | None Available | |
| Facciano Andrew B | -- | None Available | |
| Facciano Andrew B | -- | None Available | |
| Facciano Blanca R | -- | -- | |
| Facciano Blanca R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thayer Dale | $1,121,250 | |
| Previous Owner | Taylor Richard P | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2021 11/24/21 | Sold | $1,495,000 | 0.0% | $659 / Sq Ft |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- |
| 10/18/2021 10/18/21 | For Sale | $1,495,000 | -- | $659 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,432 | $1,586,505 | $949,781 | $636,724 |
| 2024 | $17,432 | $1,555,398 | $931,158 | $624,240 |
| 2023 | $17,246 | $1,524,900 | $912,900 | $612,000 |
| 2022 | $16,464 | $1,495,000 | $895,000 | $600,000 |
| 2021 | $1,391 | $96,201 | $42,322 | $53,879 |
| 2020 | $1,375 | $95,216 | $41,889 | $53,327 |
| 2019 | $1,343 | $93,350 | $41,068 | $52,282 |
| 2018 | $1,235 | $91,520 | $40,263 | $51,257 |
| 2016 | $1,149 | $87,967 | $38,700 | $49,267 |
| 2015 | $1,129 | $86,646 | $38,119 | $48,527 |
| 2014 | $1,155 | $84,950 | $37,373 | $47,577 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Hill
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21230538
APN: 2479-006-015
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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