NOT LISTED FOR SALE

317 S Lake St Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,412,305 - $1,716,000

5 Beds
4 Baths
2,461 Sq Ft
$651/Sq Ft Est. Value

Last Sold March 30, 2021

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

Est. 39% increase in value since last sale

Current estimated payment $9,648/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

Vartan Markarian

License #01059771

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,843

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

Est. Annual Taxes

$13,843

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
  • Number Of Photos: 22
  • 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
  • Total Annual Expense: 6830
  • Type Of Units: Fourplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 26, 2021
Sold by
Nemenyl Trust and Nemenyi Steven G
Bought by
Hambarchlan Hanry and Ghazarian Shakeh
Seller's Agent
Anita Rich
Keller Williams Studio City
Buyer's Agent
Vartan Markarian
List Price
$1,250,000
Sold Price
$1,155,000
Premium/Discount to List
-$95,000
-7.6%
Current Estimated Value
$1,602,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$447,076
Avg. Annual Appreciation
7.52%
Original Mortgage
$690,000
Outstanding Balance
$618,850
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$983,226

Purchase Details

Closed on
Jul 25, 1996
Sold by
Nemenyi Eva
Bought by
The Nemenyi Trust
Source: Public Records

Range of Values:

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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
Hambarchlan Hanry $1,155,000 Fidelity National Title
The Nemenyi Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hambarchlan Hanry $690,000
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

    37 Total Sales

    Anita Rich
    Section Image

  • V

    Buyer's Agent in 2021

    Vartan Markarian

See All Agents

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

This home is located at 317 S Lake St, Burbank, CA 91502 since 21 January 2021 and is currently estimated at $1,602,076, approximately $650 per square foot. This property was built in 1949. 317 S Lake St is a home located in Los Angeles County with nearby schools including Walt Disney Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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