NOT LISTED FOR SALE

317 E Alameda Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $3,011,922 - $3,404,000

1 Bed
1 Bath
4,224 Sq Ft
$759/Sq Ft Est. Value

Last Sold August 08, 2019

Last sale price $2,130,000 $504 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $18,969/month

44 Days on Market

Highlights

  • Laundry Room
  • Joaquin Miller Elementary School Rated A-
  • Mountainous Community

About This Home

As of August 2019

Remarkable 8 unit non-rent controlled investment opportunity in Burbank, CA. Three17 Alameda was built in 1954 and is comprised of a (8) 1+1, 5 enclosed garages and 3 additional onsite parking spaces. Situated close to a major signalized corner of Burbank, walk to several shops, restaurants, grocery stores, coffee shops and entertainment destinations. For complete offering memorandum and rent roll, contact listing agent.
** Drive by only. Do not disturb tenants or go on property under any circumstance **

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 04/10/2019

Keller Williams World Media Center

Last Buyer's Agent

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 04/10/2019

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,428 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,224 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 5228
  • Assessor Parcel Number 2453039006

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Mountainous Community

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Zoning: BUC2*
  • Property Type: Residential Income
  • Parcel Number: 2453039006
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 504.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Mountainous, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7428.00
  • Lot Size Acres: 0.1705

Multi Family

  • Lot Size Area: 7428.0000 Square Feet
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 8
  • Rent Control: No

Tax Info

  • Tax Census Tract: 3107.03
  • Tax Lot: 26
  • Tax Tract Number: 5228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 21, 2019
Sold by
Novotny Gary J and The Novotny Trust
Bought by
Pinfinity Investments Llc and East Alameda Properties Llc
Seller's Agent
Levon Alexanian
Keller Williams World Media Center
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$2,300,000
Sold Price
$2,130,000
Premium/Discount to List
-$170,000
-7.39%
Current Estimated Value
$3,207,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,077,961
Avg. Annual Appreciation
6.62%
Original Mortgage
$1,075,000
Outstanding Balance
$940,044
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$2,267,917

Purchase Details

Closed on
Dec 31, 2012
Sold by
Johnson Russell and Johnson Constance
Bought by
Constance & Russel Johnson Revocable Tru

Purchase Details

Closed on
Aug 30, 2012
Sold by
Novotny Gary and Johnson Russell
Bought by
Novotny Gary J and The Novotny Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$821,470
Interest Rate
3.36%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 7, 1996
Sold by
Santos Nilson A and Santos Raymunda F
Bought by
Novotny Gary and Johnson Russell
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
Pinfinity Investments Llc $2,130,000 Fidelity National Title
Constance & Russel Johnson Revocable Tru -- None Available
Novotny Gary J -- Fidelity National Title Co
Novotny Gary -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinfinity Investments Llc $1,075,000
Previous Owner Novotny Gary J $821,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2019 08/08/19 Sold $2,130,000 -7.4% $504 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $2,300,000 -- $545 / 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 $25,926 $2,329,463 $929,598 $1,399,865
2024 $25,926 $2,283,788 $911,371 $1,372,417
2023 $25,654 $2,239,008 $893,501 $1,345,507
2022 $24,506 $2,195,107 $875,982 $1,319,125
2021 $24,413 $2,152,066 $858,806 $1,293,260
2019 $14,952 $467,195 $280,319 $186,876
2018 $5,764 $458,035 $274,823 $183,212
2016 $5,410 $440,251 $264,152 $176,099
2015 $5,311 $433,639 $260,185 $173,454
2014 $5,350 $425,146 $255,089 $170,057
Source: Public Records

Agents Affiliated with this Home

  • Levon Alexanian

    Seller's Agent in 2019

    Levon Alexanian

    Keller Williams World Media Center

    (818) 219-3366

    21 Total Sales

    Levon Alexanian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19081344

California Regional Multiple Listing Service (CRMLS)

APN: 2453-039-006

California Los Angeles County Burbank 91502 Downtown Burbank

317 E Alameda Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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