Seller's Agent in 2016
Levon Alexanian
Keller Williams World Media Center
(818) 219-3366
21 Total Sales
303 E Alameda Ave Burbank, CA 91502
Downtown Burbank Neighborhood
3
Beds
2
Baths
17,572
Sq Ft
0.32
Acres
About This Home
As of September 2016Prime North Burbank 20 units, no rent control. Over 12% upside in rents. Central AC & Heat. Mostly remodeled units, solar roof panels almost eliminating common area elec. bills. Roof with Polyurethane coating, 12 year "no leak" guarantee. All windows sound proofing low "E". 15.3 GRM at market rents, 4.32% cap at market. The Alameda Ave apartments offer an investor to take a foothold of hard to find mid sized asset in high demand, low vacancy Burbank. The owner has exerting countless capital improvements to the property offering high operational efficiency and ease of management. Can also be purchased with 6 other buildings in portfolio sale.
Last Agent to Sell the Property
Keller Williams World Media Center License #00911091 Listed on: 05/31/2016
Last Buyer's Agent
Keller Williams World Media Center License #00911091 Listed on: 05/31/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.32 Acre Lot
- 1 Common Wall
- Density is 16-20 Units/Acre
Parking
- 21 Car Garage
Home Design
- 17,572 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 2453039025
Community Details
Overview
- 2 Buildings
- 20 Units
Building Details
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $137,233
- Gross Income $31,930
- Net Operating Income $238,264
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2016 09/23/16 | Sold | $32,000,000 | +377.6% | $1,821 / Sq Ft |
| 06/01/2016 06/01/16 | Pending | -- | -- | -- |
| 05/31/2016 05/31/16 | For Sale | $6,700,000 | -- | $381 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $98,117 | $8,924,149 | $3,569,659 | $5,354,490 |
| 2024 | $98,117 | $8,749,166 | $3,499,666 | $5,249,500 |
| 2023 | $97,073 | $8,577,615 | $3,431,046 | $5,146,569 |
| 2022 | $92,686 | $8,409,427 | $3,363,771 | $5,045,656 |
| 2021 | $92,319 | $8,244,537 | $3,297,815 | $4,946,722 |
| 2019 | $14,765 | $6,662,774 | $2,080,800 | $4,581,974 |
| 2018 | $73,499 | $6,532,437 | $2,040,000 | $4,492,437 |
| 2016 | $39,163 | $3,473,612 | $2,849,542 | $624,070 |
| 2015 | $38,381 | $3,421,436 | $2,806,740 | $614,696 |
| 2014 | $36,670 | $3,200,000 | $2,625,100 | $574,900 |
Source: Public Records
Agents Affiliated with this Home
-
Levon Alexanian
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16061799
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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