NOT LISTED FOR SALE

317 S Lake St Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,398,600 - $1,532,000

5 Beds
4 Baths
2,461 Sq Ft
$598/Sq Ft Est. Value

Sale Details

Date Sold: March 30, 2021

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

Est. 27% increase in value since last sale

Current estimated payment $9,145 / mo

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

7,701 Sq Ft Lot

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

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
Jul 25, 1996
Sold by
Bought by
Current Estimated Value
$1,472,400
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

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
-- --
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
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

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
2025 $14,309 $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

    35 Total Sales

    Anita Rich
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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

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