NOT LISTED FOR SALE

Estimated Value: $3,849,604 - $4,973,000

2 Beds
2 Baths
1,156 Sq Ft
$3,730/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $580,000 $502 Per Sq Ft

Est. 644% increase in value since last sale

Current estimated payment $25,358/month

239 Days on Market

Highlights

  • Bonus Room
  • Private Yard
  • Double Pane Windows
  • Joaquin Miller Elementary School Rated A-
  • Converted Garage
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2013

Great duplex, each 1 Bedroom 1 Bath with additional separate large updated bonus room approximately 17.5 x 16, 280 Sq.ft in prime Burbank area on a large lot. Property close to Burbank Arts district, shopping and transportation, movie theaters and fine dining. One of the unit been updated with kitchen, baths, floors and wall unit A/C and Other with original condition. Additional features: Units with updated Electrical panel, newer roof, 3 car port area on the back with additional 1 covered garage, newer wall unit A/C on one unit, storage area, large grassy yard with patio area for entertainments, garden area and much more. Don't Disturb Tenants. Property could be developed for multi units and Buyer to verify ANY/ALL information with city zoning, building restrictions and permits requirements.

Last Agent to Sell the Property

Edwin Ordubegian

Coldwell Banker Hallmark License #01264835 Listed on: 04/15/2013

Coldwell Banker Hallmark

Last Buyer's Agent

Edwin Ordubegian

Coldwell Banker Hallmark License #01264835 Listed on: 04/15/2013

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $458

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 7,623 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 4 Car Garage
  • 3 Carport Spaces
  • Converted Garage
  • Parking Available
  • Driveway

Home Design

  • Additions or Alterations
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,156 Sq Ft Home
  • Double Pane Windows
  • Bonus Room
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Open Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 10 / 43
  • Assessor Parcel Number 2453021006

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Not Applicable 105 Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $60
  • Insurance Expense $75
  • Maintenance Expense $50
  • Water Sewer Expense $65
  • Operating Expense $8,500
  • Gross Income $29,400
  • Net Operating Income $19,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$458

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 65.00
  • Zoning: BUR5
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 2453021006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 501.73
  • Room Type: Bonus Room
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Patio Open
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Converted Garage, Driveway, Carport
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Green Features

  • Green Location: Transportation

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Yard
  • Lot Size Sq Ft: 7623.00
  • Lot Size Acres: 0.1750

Rental Info

  • Garage Rental Rate: 200.00

Multi Family

  • Gross Operating Income: 29400.00
  • Gross Scheduled Income: 28692.00
  • Insurance Expense: 75.00
  • Lot Size Area: 7623.0000 Square Feet
  • Maintenance Expense: 50.00
  • Net Operating Income: 19640.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 708.00
  • Total Expenses: 8500.00

Tax Info

  • Tax Block: 43
  • Tax Lot: 10
  • Tax Tract: 37979
  • Tax Annual Amount: 458.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2016
Sold by
Manooki Vanik and Merzakhani Alis
Bought by
Sanquest Holdings Limited
Current Estimated Value
$4,312,401

Purchase Details

Listed on
Apr 15, 2013
Closed on
Nov 19, 2013
Sold by
Constantinou Costas C and Constantinou Marilyn Petrou
Bought by
Manooki Vanik and Merzakhani Alis
Seller's Agent
Edwin Ordubegian
Coldwell Banker Hallmark
Buyer's Agent
Edwin Ordubegian
Coldwell Banker Hallmark
List Price
$614,900
Sold Price
$580,000
Premium/Discount to List
-$34,900
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.13%
Original Mortgage
$435,000
Interest Rate
4.04%
Mortgage Type
New Conventional
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
Sanquest Holdings Limited $2,550,000 None Available
Manooki Vanik $580,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manooki Vanik $435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $580,000 -5.7% $502 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $614,900 -- $532 / 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 $33,164 $3,018,678 $1,183,794 $1,834,884
2024 $33,164 $2,959,489 $1,160,583 $1,798,906
2023 $32,810 $2,901,461 $1,137,827 $1,763,634
2022 $31,323 $2,844,570 $1,115,517 $1,729,053
2021 $31,191 $2,788,795 $1,093,645 $1,695,150
2019 $29,925 $2,706,280 $1,061,208 $1,645,072
2018 $29,667 $2,653,220 $1,040,400 $1,612,820
2017 $29,059 $2,601,000 $1,020,000 $1,581,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 12174507

California Regional Multiple Listing Service (CRMLS)

APN: 2453-021-064