$3,400,000

Estimated payment $18,689/month

Total Views 8,134
5 Beds
6 Baths
5,375 Sq Ft
$633 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Robert R. Ovrom Park
  • Joaquin Miller Elementary School Rated A-

About This Home

Located in highly desirable Burbank, this well-maintained 8-unit property showcases pride of ownership throughout. The diverse unit mix includes five 1-bedroom/1-bathroom units, two 2-bedroom/2-bathroom units, and one single+1 bath unit. The front building was constructed from the ground up in 2000, while the back unit was completely remodeled at the same time. All front units feature spacious balconies, with one offering a distinctive townhouse-style layout. This secure building provides 13 parking spaces and maintains 100% tenant occupancy. Centrally located with excellent access to public transit and major freeways (5, 134), this investment opportunity is minutes from major employers including DreamWorks, Warner Bros. Studios, Disney Imagineering, and St. Joseph's Hospital. Additional nearby amenities include the LA Equestrian Center, Griffith Park, IKEA, and Downtown Burbank's vibrant shopping, dining, and entertainment district. Perfect for investors seeking a stable, high-performing property in one of LA's most sought-after neighborhoods.

Listing Agent

Ani Eskandarian

Coldwell Banker Hallmark Brokerage Phone: 818-321-0008 License #01236101 Listed on: 03/28/2025

Coldwell Banker Hallmark

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,886

Year Built

  • Built in 1957

Interior Spaces

  • 5,375 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Two or More Common Walls

Listing and Financial Details

  • Legal Lot and Block 11 / D
  • Tax Tract Number 1308
  • Assessor Parcel Number 2453029036
  • $1,015 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,537
  • Fuel Expense $1,135
  • Gardener Expense $1,200
  • Insurance Expense $3,730
  • Trash Expense $1,710
  • Water Sewer Expense $4,500
  • New Taxes Expense $6,885
  • Operating Expense $21,697
  • Gross Income $226,800
  • Net Operating Income $205,103

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,886

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Price Per Unit: 425000
  • Property Attached: Yes
  • Water Sewer Expenses: 4500.00
  • Zoning: BUR4*
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2453029036
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 632.56

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1710.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8832.00
  • Lot Size Acres: 0.2028

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2537.00
  • Fuel Expense: 1135.00
  • Gross Income: 226800.00
  • Gross Scheduled Income: 226800.00
  • Insurance Expense: 3730.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 8832.0000 Square Feet
  • Net Operating Income: 205103.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number Wall A C: 5
  • Number With Disposal: 8
  • Operating Expense: 21697.00
  • Rent Control: Yes
  • Total Expenses: 21697.00

Tax Info

  • New Taxes Expense: 6885.00
  • Tax Block: D
  • Tax Census Tract: 3107.04
  • Tax Lot: 11
  • Tax Tract Number: 1308
  • TaxOtherAnnualAssessmentAmount: 1015.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,886 $545,591 $307,370 $238,221
2024 $6,886 $534,894 $301,344 $233,550
2023 $6,822 $524,407 $295,436 $228,971
2022 $6,545 $514,126 $289,644 $224,482
2021 $6,490 $504,046 $283,965 $220,081
2019 $6,256 $489,098 $275,544 $213,554
2018 $6,062 $479,509 $270,142 $209,367
2016 $5,680 $460,891 $259,653 $201,238
2015 $5,576 $453,969 $255,753 $198,216
2014 $5,587 $445,078 $250,744 $194,334
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 For Sale $3,400,000 -- $633 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Southland Title Company
Grant Deed $355,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,550,000 New Conventional
Closed $1,550,000 Commercial
Closed $1,385,000 Commercial
Previous Owner $1,170,000 Negative Amortization
Previous Owner $980,000 Commercial
Previous Owner $980,000 Commercial
Previous Owner $250,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25067599

California Regional Multiple Listing Service (CRMLS)

APN: 2453-029-036