Victoria Waldorf
Equity Union
(747) 293-4720
86 Total Sales
3 in Downtown Burbank
$740K - $745K Price Range
301 E Alameda Ave Burbank, CA 91502
Downtown Burbank NeighborhoodEstimated Value: $1,639,000 - $2,082,592
5
Beds
5
Baths
2,440
Sq Ft
$741/Sq Ft
Est. Value
Highlights
- No Units Above
- Central Heating and Cooling System
- Fenced
- Joaquin Miller Elementary School Rated A-
- Laundry Facilities
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
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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
Utilities
- 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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2025
Sold by
Baghdanian Armineh
Bought by
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
-0.85%
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
EMPOWER Real Estate
Buyer's Agent
Ed Sanchez
EMPOWER Real Estate
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Burbank, CA
-
Victoria Waldorf
-
Amy Engler
Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
58 Total Sales
1 in Downtown Burbank
$615,000 Price
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
79 Total Sales
1 in Downtown Burbank
$1,350,000 Price
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
14 Total Sales
2 in Downtown Burbank
$819,000 Price Range
-
Jerry Linney
Jerry Linney
First Team Real Estate
(619) 773-0841
59 Total Sales
2 in Downtown Burbank
$1,100,000 Price Range
-
Mel Macklin
Mel Macklin
HomeSmart, Evergreen Realty
(747) 307-7003
50 Total Sales
2 in Downtown Burbank
$670,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,396,000 | ||
| Previous Owner | Varant And Melina Kalachian Living Trust | $1,100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $21,959 | $1,979,152 | $1,204,471 | $774,681 |
| 2025 | $21,959 | $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
Seller's Agent in 2023
Vince Kalachian
Keller Williams Realty
(818) 631-8855
1 in this area
11 Total Sales
-
Melina Kalachian, CCIM
Seller Co-Listing Agent in 2023
Melina Kalachian, CCIM
Keller Williams Realty
(818) 522-1900
1 in this area
12 Total Sales
-
Martin Lazarian
Buyer's Agent in 2023
Martin Lazarian
JohnHart Real Estate
(818) 259-1046
1 in this area
140 Total Sales
-
Masis Babakhanyan
Buyer Co-Listing Agent in 2023
Masis Babakhanyan
JohnHart Real Estate
(818) 240-4142
1 in this area
137 Total Sales
-
Elizabeth Welchman
Seller's Agent in 2022
Elizabeth Welchman
Core Real Estate Group
(310) 666-9682
8 Total Sales
-
Ed Sanchez
Seller's Agent in 2022
Ed Sanchez
RE/MAX
(818) 381-2047
1 in this area
57 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.
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