NOT LISTED FOR SALE

317 S Lake St Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,393,568 - $1,570,000

5 Beds
4 Baths
2,461 Sq Ft
$602/Sq Ft Est. Value

Last Sold March 30, 2021

Last sale price $1,155,000 $469 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,895/month

50 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Central Heating and Cooling System
  • 5-minute walk to Santa Anita Playlot
  • Walt Disney Elementary School Rated A
  • 1-Story Property

About This Home

As of March 2021

Exceptional investment opportunity in this well-located with upside potential 4-unit building in the heart of Burbank. Units in average condition. Both buildings have new roofs (The units and the separate garage) The possible owner's unit has 2 beds, 1 bath, and outdoor patio. The 3 other units have 1 bed 1 bath each. All units are extremely low rents at $1,150 per month. Same owner for 40 years. Exclusions: Washer and Dryer. The agent is related to seller.

Last Agent to Sell the Property

Anita Rich

Keller Williams Studio City License #00782527 Listed on: 01/21/2021

Keller Williams Studio City

Last Buyer's Agent

'Vic' Vartan Markarian

License #01059771

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,701

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Midcentury Modern Architecture

Interior Spaces

  • 2,461 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 7,701 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 2451-018-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2461
  • Lot Acreage: 0.1768
  • Stories: 1
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 507.92

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 58.75
  • Assessed Improvement Value: 57234
  • Assessed Land Percent: 41.25
  • Assessed Land Value: 40182
  • Total Assessed Value: 97416
  • Assessor Parcel Number: 2451-018-001
  • Lot Size Area: 7701

Rental Info

  • Total Actual Rent: 4600.00
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Cable TV, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 22.64
  • Number Of Units: 4
  • Type Of Units: Fourplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 1996
Sold by
Nemenyi Eva
Bought by
The Nemenyi Trust
Current Estimated Value
$1,481,892
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Nemenyi Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2021 03/30/21 Sold $1,155,000 -7.6% $469 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $1,250,000 -- $508 / Sq Ft
Source: The MLS

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 $13,843 $1,250,207 $752,289 $497,918
2024 $13,843 $1,225,694 $737,539 $488,155
2023 $13,696 $1,201,662 $723,078 $478,584
2022 $13,078 $1,178,100 $708,900 $469,200
2021 $13,301 $1,180,000 $700,000 $480,000
2020 $1,492 $103,375 $42,640 $60,735
2019 $1,458 $101,349 $41,804 $59,545
2018 $1,345 $99,363 $40,985 $58,378
2016 $1,252 $95,507 $39,395 $56,112
2015 $1,231 $94,074 $38,804 $55,270
2014 $1,257 $92,232 $38,044 $54,188
Source: Public Records

Agents Affiliated with this Home

  • Anita Rich

    Seller's Agent in 2021

    Anita Rich

    Keller Williams Studio City

    (818) 632-2258

    1 in this area

    38 Total Sales

    Anita Rich
    Section Image
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Map

Source: The MLS

MLS Number: 21-687102

The MLS

APN: 2451-018-001

California Los Angeles County Burbank 91502 Rancho Adjacent

317 S Lake St, Burbank, CA

Not Listed for Sale

MultiFamily

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