Seller's Agent in 2014
Arus Kazarian
Keller Williams Realty World Media Center
(818) 400-5007
12 Total Sales
2912 W Riverside Dr Burbank, CA 91505
Media District NeighborhoodEstimated Value: $1,450,000 - $1,806,000
4
Beds
4
Baths
2,930
Sq Ft
$565/Sq Ft
Est. Value
About This Home
As of October 2014True Pride of Ownership Gem located right in the Media Capital of the World. Walking distance to Walt Disney Studios, Warner Bros Entertainment, Providence Saint Joseph Medical Center, Blue Ribbon Award winning Providence High School, Johnny Carson Park and many more. It is rare to find assets like this in such a prime area. Well maintained, 4 enclosed garages, manicured landscaping, ease of management, copper plumbing, real hardwood floors, stacked washer and dryer in each unit, upside in rents, historically low vacancy factor due to location and proximity to media industry. Buyer to cooperate with a seller 1031 tax exchange at no cost to the buyer.
Last Agent to Sell the Property
Keller Williams Realty World Media Center License #01413828 Listed on: 10/09/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,289
Year Built
- Built in 1941
Lot Details
- 8,297 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- 2,930 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 4409
- Assessor Parcel Number 2485029017
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $3,054
- Pest Control $250
- Trash Expense $500
- Water Sewer Expense $1,200
- New Taxes Expense $13,200
- Gross Income $5,025
- Net Operating Income $40,896
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2014
Closed on
Oct 23, 2014
Sold by
Alamo Nair
Bought by
Lot Burbank Partners Llc
Seller's Agent
Arus Kazarian
Keller Williams Realty World Media Center
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
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
$654,082
Avg. Annual Appreciation
4.69%
Purchase Details
Closed on
Mar 13, 1998
Sold by
Axvall Evangeline K Living Trust
Bought by
Alamo Nair
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.07%
Purchase Details
Closed on
Mar 5, 1998
Sold by
Hecht Kevin
Bought by
Alamo Nair
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.07%
Purchase Details
Closed on
Feb 3, 1995
Sold by
Axvall Evangeline K
Bought by
Trimble Helen and Bellin Bruce
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 |
|---|---|---|---|
| Lot Burbank Partners Llc | -- | First American Title Ins Co | |
| Alamo Nair | $315,000 | Investors Title Company | |
| Alamo Nair | -- | Investors Title Company | |
| Trimble Helen | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Alamo Nair | $220,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2014 10/29/14 | Sold | $1,000,000 | -9.1% | $341 / Sq Ft |
| 10/17/2014 10/17/14 | Pending | -- | -- | -- |
| 08/15/2014 08/15/14 | For Sale | $1,100,000 | -- | $375 / 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 | $13,289 | $1,201,843 | $721,106 | $480,737 |
| 2024 | $13,289 | $1,178,278 | $706,967 | $471,311 |
| 2023 | $13,149 | $1,155,175 | $693,105 | $462,070 |
| 2022 | $12,554 | $1,132,525 | $679,515 | $453,010 |
| 2021 | $12,500 | $1,110,320 | $666,192 | $444,128 |
| 2019 | $11,995 | $1,077,390 | $646,434 | $430,956 |
| 2018 | $11,906 | $1,056,265 | $633,759 | $422,506 |
| 2016 | $11,303 | $1,015,250 | $609,150 | $406,100 |
| 2015 | $11,074 | $1,000,000 | $600,000 | $400,000 |
| 2014 | $4,781 | $410,296 | $149,788 | $260,508 |
Source: Public Records
Agents Affiliated with this Home
-
Arus Kazarian
-
Levon Alexanian
Seller Co-Listing Agent in 2014
Levon Alexanian
Keller Williams World Media Center
(818) 219-3366
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB14175519
APN: 2485-029-017
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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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