NOT LISTED FOR SALE

Estimated Value: $1,677,285 - $2,016,000

8 Beds
5 Baths
3,388 Sq Ft
$545/Sq Ft Est. Value

Last Sold August 05, 2013

Last sale price $1,110,000 $328 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $11,512/month

42 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Ralph Emerson Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2013

Great location - close to downtown Burbank; shops, entertainment, restaurants, etc. No rent control. Property is sold as is, where is, with fault, if any.

Last Agent to Sell the Property

Rafael Figueroa

Raford Management Co. License #00860084 Listed on: 05/15/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,975

Year Built

  • Built in 1953

Lot Details

  • 7,066 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,388 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Assessor Parcel Number 2455032001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Maintenance Expense $7,000
  • Trash Expense $800
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,640
  • Gross Income $4,150
  • Net Operating Income $39,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,975

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Lou Frasco
  • Other Phone Number: 818-903-1883
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 2455032001
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 327.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7066.00
  • Lot Size Acres: 0.1620

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4150.00
  • Gross Scheduled Income: 49800.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 7066.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 39840.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 9960.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 4150.00

Tax Info

  • New Taxes Expense: 10640.00
  • Tax Lot: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2014
Sold by
Jd Construction Llc
Bought by
Sunshine Management Group Llc
Current Estimated Value
$1,844,262

Purchase Details

Listed on
May 15, 2013
Closed on
Jul 25, 2013
Sold by
Goodrich David M and Nersesian Arthur Aasatour
Bought by
Jd Construction Llc
Seller's Agent
Rafael Figueroa
Raford Management Co.
List Price
$950,000
Sold Price
$1,110,000
Premium/Discount to List
$160,000
16.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Dec 24, 2012
Sold by
Liarani Llc
Bought by
Nersesian Arthur A and Nersesian Anna A

Purchase Details

Closed on
Aug 31, 2004
Sold by
Nersesian Arthur A and Nersesian Anna
Bought by
Liarani Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2004
Sold by
Cardellio Frances L and The Frances Cardellio Family T
Bought by
Nersesian Arthur A and Nersesian Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2002
Sold by
Cardellio Frances L
Bought by
Cardellio Frances L and Frances Cardellio Family Trust

Purchase Details

Closed on
Aug 12, 1998
Sold by
Quinn Caroline and Quinn Lilli Caroline
Bought by
Catallo Liberata F and Cardellio Frances

Purchase Details

Closed on
Jan 31, 1983
Sold by
Catallo Frank R
Bought by
Catallo Liberata F and Cardellio Frances
Source: Public Records

Range of Values:

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Average Value
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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
Sunshine Management Group Llc -- None Available
Jd Construction Llc $1,110,000 Old Republic Title Co La
Nersesian Arthur A -- None Available
Liarani Llc -- --
Nersesian Arthur A $800,000 --
Cardellio Frances L -- --
Catallo Liberata F -- --
Catallo Liberata F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liarani Llc $225,000
Previous Owner Nersesian Arthur A $477,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2013 08/05/13 Sold $1,110,000 +16.8% $328 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $950,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,975 $1,502,301 $901,381 $600,920
2024 $16,975 $1,472,845 $883,707 $589,138
2023 $16,799 $1,443,967 $866,380 $577,587
2022 $16,057 $1,415,655 $849,393 $566,262
2021 $15,991 $1,387,898 $832,739 $555,159
2019 $15,360 $1,346,735 $808,041 $538,694
2018 $15,199 $1,320,330 $792,198 $528,132
2016 $14,405 $1,269,062 $761,437 $507,625
2015 $12,841 $1,132,177 $683,386 $448,791
2014 $12,827 $1,110,000 $670,000 $440,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13091037

California Regional Multiple Listing Service (CRMLS)

APN: 2455-032-001