Seller's Agent in 2023
Vince Kalachian
Keller Williams Realty
(818) 631-8855
1 in this area
14 Total Sales
301 E Alameda Ave Burbank, CA 91502
Downtown Burbank NeighborhoodEstimated Value: $1,507,000 - $2,269,000
5
Beds
5
Baths
2,440
Sq Ft
$769/Sq Ft
Est. Value
Highlights
- No Units Above
- Laundry Room
- Fenced
- Joaquin Miller Elementary School Rated A-
- Central Heating and Cooling System
About This Home
As of January 2023A rare opportunity to purchase 4 remodeled units multifamily investment property located in prime Burbank location. Offered at a very attractive in-place CAP rate of 4.7% and 15.1 GRM. Built in 1925, the building has an exceptional unit mix of (1) 2+2 House, (1) 1+1 House, (2) 1+1 Duplex, situated on a 6,735 SF of land. The property features extensively remodeled units with new interior and exterior paint, new kitchen cabinets with quartz counter tops, new stainless steel appliances, new lightings, new individual washer and dryers in each unit, new vinyl plank flooring, central A/C and heating anddual glaze windows. Front house is a 2+2 with a patio. The middle house is a 1+1 with a patio. The back units are each 1+1 with private attached garages. 5 parking spaces and 2 private garages with new garage doors. The property is in pristine condition and has a great curb appeal, new cool roof, separate gas and updated electric meters and copper plumbing. It's located in a much desired prime rental location, easy access to major freeways, walking distance to Ikea and minutes from Downtown Burbank.
Last Agent to Sell the Property
Keller Williams Realty License #01172350 Listed on: 12/01/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925 | Remodeled
Lot Details
- 6,732 Sq Ft Lot
- No Units Above
- No Units Located Below
- Fenced
- No Sprinklers
Parking
- 5 Open Parking Spaces
- 2 Car Garage
- Parking Available
Home Design
- 2,440 Sq Ft Home
- Quadruplex
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 002
- Assessor Parcel Number 2453039002
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,760
- Water Sewer Expense $4,320
- New Taxes Expense $23,687
- Operating Expense $31,967
- Gross Income $122,774
- Net Operating Income $90,807
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2025
Sold by
Baghdanian Armineh
Bought by
Baghdanian Family Trust and Baghdanian
Current Estimated Value
Purchase Details
Listed on
Dec 1, 2022
Closed on
Dec 19, 2022
Sold by
Varant And Melina Kalachian Living Trust and Kalachian Varant
Bought by
Ohanian Vache and Khodabakhshi Thelma
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Martin Lazarian
JohnHart Real Estate
List Price
$1,895,000
Sold Price
$1,865,000
Premium/Discount to List
-$30,000
-1.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.19%
Original Mortgage
$1,396,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 2, 2021
Closed on
Jan 3, 2022
Sold by
Nieto Jose G M and Fami Josefina
Bought by
Varant And Melina Kalachian Living Trust and Li Melina
Seller's Agent
Ed Sanchez
REMAX Empower
Buyer's Agent
Ed Sanchez
REMAX Empower
List Price
$1,200,000
Sold Price
$1,355,000
Premium/Discount to List
$155,000
12.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.20%
Original Mortgage
$1,100,000
Interest Rate
3.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 1997
Sold by
Nieto Jose G and Nieto Josefina C
Bought by
Nieto Jose G M and Nieto Josefina C
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 |
|---|---|---|---|
| Baghdanian Family Trust | -- | None Listed On Document | |
| Ohanian Vache | $1,865,000 | Fidelity National Title | |
| Ohanian Vache | $1,865,000 | Fidelity National Title | |
| Ohanian Vache | $1,865,000 | Fidelity National Title | |
| Varant And Melina Kalachian Living Trust | $1,355,000 | Fidelity National Title | |
| Nieto Jose G M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ohanian Vache | $1,396,000 | |
| Previous Owner | Varant And Melina Kalachian Living Trust | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2023 01/27/23 | Sold | $1,865,000 | -1.6% | $764 / Sq Ft | |
| 01/17/2023 01/17/23 | Pending | -- | -- | -- | |
| 12/01/2022 12/01/22 | For Sale | $1,895,000 | 0.0% | $777 / Sq Ft | |
| 11/26/2022 11/26/22 | Rented | $3,150 | -4.4% | -- | |
| 11/21/2022 11/21/22 | Under Contract | -- | -- | -- | |
| 10/28/2022 10/28/22 | Price Changed | $3,295 | -5.7% | $3 / Sq Ft | |
| 10/26/2022 10/26/22 | Price Changed | $3,495 | +6.1% | $3 / Sq Ft | |
| 10/26/2022 10/26/22 | Price Changed | $3,295 | -5.7% | $3 / Sq Ft | |
| 10/25/2022 10/25/22 | For Rent | $3,495 | 0.0% | -- | |
| 01/24/2022 01/24/22 | Sold | $1,355,000 | +12.9% | $555 / Sq Ft | View Prior Sale |
| 12/27/2021 12/27/21 | Pending | -- | -- | -- | |
| 12/02/2021 12/02/21 | For Sale | $1,200,000 | -- | $492 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $21,284 | $1,940,346 | $1,180,854 | $759,492 |
| 2024 | $21,284 | $1,902,300 | $1,157,700 | $744,600 |
| 2023 | $15,709 | $1,382,100 | $831,300 | $550,800 |
| 2022 | $3,911 | $326,005 | $247,935 | $78,070 |
| 2021 | $3,883 | $319,614 | $243,074 | $76,540 |
| 2020 | $3,841 | $316,338 | $240,582 | $75,756 |
| 2019 | $3,735 | $310,136 | $235,865 | $74,271 |
| 2018 | $3,590 | $304,056 | $231,241 | $72,815 |
| 2016 | $3,390 | $292,251 | $222,262 | $69,989 |
| 2015 | $3,324 | $287,862 | $218,924 | $68,938 |
| 2014 | $3,342 | $282,224 | $214,636 | $67,588 |
Source: Public Records
Agents Affiliated with this Home
-
Vince Kalachian
-
Melina Kalachian, CCIM
Seller Co-Listing Agent in 2023
Melina Kalachian, CCIM
Keller Williams Realty
(818) 522-1900
1 in this area
14 Total Sales
-
Martin Lazarian
Buyer's Agent in 2023
Martin Lazarian
JohnHart Real Estate
(818) 259-1046
1 in this area
153 Total Sales
-
Masis Babakhanyan
Buyer Co-Listing Agent in 2023
Masis Babakhanyan
JohnHart Real Estate
(818) 240-4142
1 in this area
148 Total Sales
-
Elizabeth Welchman
Seller's Agent in 2022
Elizabeth Welchman
Core Real Estate Group
(310) 666-9682
10 Total Sales
-
Ed Sanchez
Seller's Agent in 2022
Ed Sanchez
RE/MAX
(818) 381-2047
1 in this area
65 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-12122
APN: 2453-039-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 724 S Glenoaks Blvd
- 1052 Elm Ave
- 240 E Providencia Ave
- 515 E Elmwood Ave
- 527 E Elmwood Ave Unit B
- 324 E Santa Anita Ave
- 1160 Elm Ave
- 482 E Santa Anita Ave
- 1031 Irving Ave
- 1230 Spazier Ave
- 0 Apn 474-341-005 Unit SR25253088
- 201 E Angeleno Ave Unit 426
- 201 E Angeleno Ave Unit 206
- 638 E Tujunga Ave
- 1911 W Kenneth Rd
- 207 W Ash Ave
- 210 W Ash Ave
- 1362 Linden Ave
- 621 E Olive Ave Unit 106
- 1404 Sycamore Ave
- 301 E Alameda Ave Unit C
- 301 E Alameda Ave Unit A
- 241 E Alameda Ave
- 303 E Alameda Ave
- 239 E Alameda Ave Unit 103
- 233 E Alameda Ave
- 233 E Alameda Ave Unit F
- 233 E Alameda Ave
- 233 E Alameda Ave Unit B
- 240 E Alameda Ave
- 242 E Valencia Ave
- 304 E Valencia Ave Unit A
- 304 E Valencia Ave
- 317 E Alameda Ave
- 308 E Valencia Ave Unit F
- 308 E Valencia Ave Unit B
- 308 E Valencia Ave
- 312 E Valencia Ave Unit 106
- 312 E Valencia Ave Unit 105
- 312 E Valencia Ave