Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
58 Total Sales
1 in Downtown Burbank
$615,000 Price
303 E Alameda Ave Burbank, CA 91502
Downtown Burbank Neighborhood
3
Beds
2
Baths
17,572
Sq Ft
0.32
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 13,827 Sq Ft 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
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
Apr 17, 2019
Sold by
Pur Glendale Ii Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,625,000
Interest Rate
4.3%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 3, 2017
Sold by
Pur Glendale Llc
Bought by
Pur Glendale Ii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000,000
Interest Rate
4.19%
Mortgage Type
Commercial
Purchase Details
Listed on
May 31, 2016
Closed on
Sep 9, 2016
Sold by
Palm Deluxe Partners Lp
Bought by
Pur Glendale Llc
Seller's Agent
Levon Alexanian
Keller Williams World Media Center
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$6,700,000
Sold Price
$32,000,000
Premium/Discount to List
$25,300,000
377.61%
Purchase Details
Closed on
Nov 3, 2012
Sold by
Patel Anupam M and Patel Daksha A
Bought by
Palm Deluxe Partners Lp
Purchase Details
Closed on
May 26, 2004
Sold by
Sussex Court Apts Ii Llc
Bought by
Patel Anupam M and Patel Daksha A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 11, 2003
Sold by
Cardon Michael and Cardon Louise
Bought by
Sussex Court Apts Ii Llc and 303 Wr Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.17%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Burbank, CA
-
Amy Engler
-
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
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
166 Total Sales
1 in Downtown Burbank
$1,680,000 Price
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 |
|---|---|---|---|
| -- | First American Title Ins Co | ||
| Pur Glendale Ii Llc | -- | First American Title Company | |
| Pur Glendale Llc | -- | First American Title Company | |
| Palm Deluxe Partners Lp | -- | None Available | |
| Patel Anupam M | $2,950,000 | Old Republic Title | |
| Sussex Court Apts Ii Llc | -- | Old Republic Title Company |
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 | $4,900,000 | ||
| Closed | 303 E Alameda Llc | $4,625,000 | |
| Previous Owner | Pur Glendale Ii Llc | $15,000,000 | |
| Previous Owner | Patel Anupam M | $2,213,000 | |
| Previous Owner | Patel Anupam M | $2,000,000 | |
| Previous Owner | Sussex Court Apts Ii Llc | $1,800,000 |
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 |
|---|---|---|---|---|
| 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
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 | $101,222 | $9,102,631 | $3,641,052 | $5,461,579 |
| 2025 | $101,222 | $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
Seller's Agent in 2016
Levon Alexanian
Keller Williams World Media Center
(818) 219-3366
21 Total Sales
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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