NOT LISTED FOR SALE
16 Beds
4 Baths
9,392 Sq Ft
7,190 Sq Ft Lot

Sale Details

Date Sold: November 12, 2014

Last sale price $2,600,000 $277 Per Sq Ft

38 Days on Market

Highlights

  • Den with Fireplace
  • Central Heating and Cooling System
  • Carpet
  • Joaquin Miller Elementary School Rated A-
  • 17 Car Garage

About This Home

As of November 2014

Probate Sale subject to Court Confirmation and Overbid. Accepted price is $2,600,000 All Cash 10 Day Close. First overbid in court will be $2,730,500. COURT DATE IS SET FOR 10/7/2014 @ 8:30AM AT STANLEY MOSK COURTHOUSE 111 N. HILL ST., DEPT. 11. Offers on Probate Purchase Agreement (PPA) only, 10% deposit by cashier check ($273,050) is required. 302 East Elmwood Avenue is a 1990 stone-front construction, 10-unit apartment building located in one of the most prime areas of Burbank. The units are varied with six one-bedroom/one-bath units, two two-bedroom/two-bath units, and two three-bedroom/two-bath apartments. While the building is impeccably maintained, a new buyer will be able to immediately take advantage of great upside in rental income. This provides a new investor with the opportunity to add value and cashflow nicely in an area that rarely trades.

Last Agent to Sell the Property

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 07/08/2014

Last Buyer's Agent

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 07/08/2014

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,190

Parking

  • 17 Car Garage

Interior Spaces

  • 9,392 Sq Ft Home
  • 2-Story Property
  • Den with Fireplace
  • Carpet
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 4 Bathrooms

Additional Features

  • 7,190 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 2453-037-036

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

7,190 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9392
  • Probate: Yes
  • Stories: 2
  • Year Built: 1989
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Den
  • Flooring: Carpet
  • Bedrooms: 16
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 244.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 17

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 694372
  • Assessed Land Value: 231452
  • Assessor Parcel Number: 2453-037-036
  • Geocode Override: No
  • Lot Size Area: 7190

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.49
  • Number Of Units: 10
  • Type Of Units: Apartments

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,600,000 North American Title Co
Smith Gordon Don $233,000 Old Republic Title
Smith Gordon Don $233,500 Old Republic Title
Smith Gordon Don $233,500 Old Republic Title
Uddin Jane C -- --
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
Open $2,450,000
Closed Glenstock Llc $1,650,000
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
11/12/2014 11/12/14 Sold $2,600,000 +13.0% $277 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $2,300,000 -- $245 / Sq Ft
Source: The MLS

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 $36,005 $3,187,297 $1,912,379 $1,274,918
2025 $36,005 $3,124,802 $1,874,882 $1,249,920
2024 $34,846 $3,063,532 $1,838,120 $1,225,412
2023 $34,480 $3,003,464 $1,802,079 $1,201,385
2022 $32,939 $2,944,574 $1,766,745 $1,177,829
2021 $32,785 $2,886,838 $1,732,103 $1,154,735
2019 $31,472 $2,801,215 $1,680,729 $1,120,486
2018 $31,234 $2,746,290 $1,647,774 $1,098,516
2016 $29,601 $2,639,650 $1,583,790 $1,055,860
2015 $29,006 $2,600,000 $1,560,000 $1,040,000
2014 -- $930,026 $232,502 $697,524
Source: Public Records

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Map

Source: The MLS

MLS Number: 14-775181

The MLS
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