NOT LISTED FOR SALE

315 E Valencia Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,631,000 - $1,715,000

5 Beds
4 Baths
2,412 Sq Ft
$694/Sq Ft Est. Value

Last Sold December 03, 2025

Last sale price $1,680,000 $697 Per Sq Ft

Current estimated payment $9,426/month

139 Days on Market

Highlights

  • Laundry Room
  • Foothills
  • Fenced
  • Joaquin Miller Elementary School Rated A-
  • Central Heating and Cooling System
  • Stacked Washer and Dryer

About This Home

As of December 2025

315 Valencia Ave, a fantastic 4-unit multi-family property in the heart of Burbank, CA. This well-maintained building offers a unique opportunity for investors or those looking to live in one unit while renting out the others. Each unit features its own distinct layout, providing ample living space and comfortable accommodations for tenants. The property is conveniently located near shopping, dining, and entertainment options, making it an ideal location for renters. Seller financing is available. With strong rental demand in the area and ADU opportunities, this property is a great addition to any real estate portfolio. Don't miss out on this prime opportunity in Burbank!

Last Agent to Sell the Property

Trey Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #02215641 Listed on: 07/01/2025

eXp Realty of Greater Los Angeles

Co-Listed By

Brent Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #01297151

Last Buyer's Agent

Kevin Rahmanian

Property By Us, Inc. License #02083422

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,339 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Stucco Fence
  • No Sprinklers

Home Design

  • 2,412 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 4 Parking Spaces
  • Parking Available
  • Covered Parking

Additional Features

  • Gas Range
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 2453037005

Community Details

Overview

  • Foothills
  • Valley

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $20,462
  • Operating Expense $33,662
  • Gross Income $105,888
  • Net Operating Income $70,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,339 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.10
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 2453037005
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 696.52

Exterior Features

  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Range
  • Heating Type: Central
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Valley, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7339.00
  • Lot Size Acres: 0.1685

Multi Family

  • Gross Income: 105888.00
  • Gross Scheduled Income: 105888.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7339.0000 Square Feet
  • Net Operating Income: 70048.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Operating Expense: 33662.00
  • Rent Control: No
  • Total Expenses: 33662.00

Tax Info

  • New Taxes Expense: 20462.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Oct 30, 2025
Sold by
Boghoussian Family Trust and Boghoussian Remond
Bought by
Milagerdi Norvik Zadoorian and Malhami Melani Dirghazarian
Seller's Agent
Trey Ballard
eXp Realty of Greater Los Angeles
Buyer's Agent
Kevin Rahmanian
Property By Us, Inc.
List Price
$1,695,000
Sold Price
$1,680,000
Premium/Discount to List
-$15,000
-0.88%
Views
92
Current Estimated Value
$1,674,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,447
Avg. Annual Appreciation
-1.29%
Original Mortgage
$1,344,000
Outstanding Balance
$1,341,413
Interest Rate
6.19%
Mortgage Type
New Conventional
Estimated Equity
$333,140

Purchase Details

Closed on
Feb 29, 2008
Sold by
Warner Kent and The Naomi Keehner Living Trust
Bought by
Boghoussian Remond

Purchase Details

Closed on
Jan 7, 1994
Sold by
Keehner Naomi
Bought by
Keehner Naomi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Milagerdi Norvik Zadoorian $1,680,000 Fidelity National Title
Boghoussian Remond $660,000 Fidelity National Title Co
Keehner Naomi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milagerdi Norvik Zadoorian $1,344,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 Sold $1,680,000 -0.5% $697 / Sq Ft
11/17/2025 11/17/25 Pending -- -- --
09/23/2025 09/23/25 Price Changed $1,688,000 -0.4% $700 / Sq Ft
06/30/2025 06/30/25 For Sale $1,695,000 -- $703 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $9,698 $866,906 $564,805 $302,101
2024 $9,698 $849,909 $553,731 $296,178
2023 $9,596 $833,245 $542,874 $290,371
2022 $9,166 $816,908 $532,230 $284,678
2021 $9,125 $800,892 $521,795 $279,097
2019 $8,759 $777,659 $506,319 $271,340
2018 $8,636 $762,422 $496,392 $266,030
2016 $8,196 $732,317 $477,117 $255,200
2015 $8,031 $721,318 $469,951 $251,367
2014 $8,028 $707,190 $460,746 $246,444
Source: Public Records

Agents Affiliated with this Home

  • Trey Ballard

    Seller's Agent in 2025

    Trey Ballard

    eXp Realty of Greater Los Angeles

    (818) 850-8802

    1 in this area

    77 Total Sales

    Trey Ballard
    Section Image
  • Brent Ballard

    Seller Co-Listing Agent in 2025

    Brent Ballard

    eXp Realty of Greater Los Angeles

    (818) 919-0282

    1 in this area

    171 Total Sales

    Brent Ballard
    Section Image
  • Kevin Rahmanian

    Buyer's Agent in 2025

    Kevin Rahmanian

    Property By Us, Inc.

    (818) 858-2073

    1 in this area

    90 Total Sales

    Kevin Rahmanian
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22994

Pasadena-Foothills Association of REALTORS®

APN: 2453-037-005

California Los Angeles County Burbank 91502 Downtown Burbank

315 E Valencia Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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.

Pasadena-Foothills Association of REALTORS® 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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