NOT LISTED FOR SALE

2809 W Magnolia Blvd Burbank, CA 91505

Magnolia Park Neighborhood

Estimated Value: $1,512,517

-- Bed
-- Bath
3,556 Sq Ft
$425/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $1,125,000 $316 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,040/month

144 Days on Market

About This Home

As of September 2020

Located in the beautiful Magnolia Park area between Hollywood Way and Buena Vista St. This mixed use property has 2 buildings and lots of potential. In the front, a Beauty Shop with an attached Studio Apt. In addition, rear building is 2 stories and has (2) 1 bdrm, 1 bath units. 3 parking spaces behind the buildings with access from the alley. Seller will not make repairs or credits of any kind for the buyer. Buyer to verify and perform any inspections necessary to satisfy themselves. Buyer must preform due diligence.

Last Agent to Sell the Property

Peter Kunkle

Exclusive Realty Inc License #02013560 Listed on: 03/12/2020

Exclusive Realty Inc

Last Buyer's Agent

Sebastian Spader

License #02013827

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,482

Year Built

  • Built in 1954

Lot Details

  • 3,325 Sq Ft Lot

Interior Spaces

  • 3,556 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2478-019-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,482

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3556
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Refrigerator
  • Price Per S Q F T: 316.37

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 1200.00
  • Heating: Wall
  • Water Expense: 1200.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 600.00
  • Trash Expense: 600.00

Lot Info

  • Assessed Improvement Value: 43489
  • Assessed Land Value: 29760
  • Assessor Parcel Number: 2478-019-025
  • Geocode Override: No
  • Lot Size Area: 3325

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 24.00
  • Number Of Units: 4
  • Type Of Units: Shop & Apts

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2025
Sold by
Arriola Daniel Joseph
Bought by
Daniel Arriola And Christina Britto Trust and Arriola
Current Estimated Value
$1,512,517

Purchase Details

Listed on
Mar 12, 2020
Closed on
Aug 19, 2020
Sold by
Britto Christina Marie
Bought by
Arriola Daniel Joseph
Seller's Agent
Peter Kunkle
Exclusive Realty Inc
Buyer's Agent
Sebastian Spader
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$371,892
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 12, 2020
Closed on
Aug 7, 2020
Sold by
Cantarine Thomas John and Cantarine Joseph Charles
Bought by
Arriola Daniel Joseph
Seller's Agent
Peter Kunkle
Exclusive Realty Inc
Buyer's Agent
Sebastian Spader
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,892
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2019
Sold by
Cantarine Thomas John and Cantarine Joseph Charles
Bought by
Cantarine Thomas John and Cantarine Joseph Charles
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Daniel Arriola And Christina Britto Trust -- None Listed On Document
Daniel Arriola And Christina Britto Trust -- None Listed On Document
Arriola Daniel Joseph -- North American Title Company
Arriola Daniel Joseph $1,125,000 North American Title Company
Cantarine Thomas John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arriola Daniel Joseph $371,892
Previous Owner Arriola Daniel Joseph $559,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $1,125,000 0.0% $316 / Sq Ft
08/04/2020 08/04/20 Price Changed $1,125,000 -6.3% $316 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/29/2020 07/29/20 Price Changed $1,200,000 -4.0% $337 / Sq Ft
07/28/2020 07/28/20 Price Changed $1,250,000 0.0% $352 / Sq Ft
07/28/2020 07/28/20 For Sale $1,250,000 +8.7% $352 / Sq Ft
07/23/2020 07/23/20 Price Changed $1,150,000 -8.0% $323 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $1,250,000 -- $352 / Sq Ft
Source: The MLS

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 $13,482 $1,217,734 $757,701 $460,033
2024 $13,482 $1,193,858 $742,845 $451,013
2023 $13,339 $1,170,450 $728,280 $442,170
2022 $12,736 $1,147,500 $714,000 $433,500
2021 $12,676 $1,125,000 $700,000 $425,000
2020 $1,189 $77,730 $31,581 $46,149
2019 $1,163 $76,207 $30,962 $45,245
2018 $1,093 $74,713 $30,355 $44,358
2016 $997 $71,814 $29,177 $42,637
2015 $980 $70,736 $28,739 $41,997
2014 $990 $69,352 $28,177 $41,175
Source: Public Records

Agents Affiliated with this Home

  • Peter Kunkle

    Seller's Agent in 2020

    Peter Kunkle

    Exclusive Realty Inc

    (310) 488-4622

    4 Total Sales

    Peter Kunkle
    Section Image

  • S

    Buyer's Agent in 2020

    Sebastian Spader

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Map

Source: The MLS

MLS Number: 20-563088

The MLS

APN: 2478-019-025

California Los Angeles County Burbank 91505 Magnolia Park

2809 W Magnolia Blvd, Burbank, CA

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