NOT LISTED FOR SALE

348 E Providencia Ave Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $1,752,303 - $1,781,000

6 Beds
6 Baths
2,881 Sq Ft
$613/Sq Ft Est. Value

Last Sold July 17, 2015

Last sale price $1,000,000 $347 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,711/month

34 Days on Market

Highlights

  • Private Yard
  • Joaquin Miller Elementary School Rated A-
  • 4-minute walk to Robert R. Ovrom Park

About This Home

As of July 2015

348 E Providencia Ave Apt A is a multi-family home in Burbank, CA 91502. This 2,881 square foot multi-family home sits on a 8,742 square foot lot . 5 Units features 6 bedrooms and 6 bathrooms. This property was built in 1950. Nearby schools include Burbank Usd Community Day School, Little Angels and Study Circle Preschool & Kindergarten. The closest grocery stores are Red Top Market & Kitchen, Burbank Liquor & Food Market and Queen Market. Nearby coffee shops include Yum Yum Donuts, Starbucks and Another Broken Egg Cafe. Nearby restaurants include Momotaro Japanese Restaurant, Sharkey's Bistro and Green Garden Cafe. 348 E Providencia Ave Apt A is near Walt Disney Headquarters, George Izay Park / Olive Avenue Recreation Center and McCambridge Park.

Last Agent to Sell the Property

Tristan Ahumada

eXp Realty of California Inc License #01373444 Listed on: 04/08/2015

eXp Realty of California Inc

Co-Listed By

Samer Makarem

Makarem Realty, Inc. License #01818138

Last Buyer's Agent

Michael Shaar

License #01126958

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,276

Year Built

  • Built in 1950

Lot Details

  • 8,653 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,881 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 105
  • Assessor Parcel Number 2453030004

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Gross Income $5,250
  • Net Operating Income $38,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,276

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 2453030004
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 347.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 8653.00
  • Lot Size Acres: 0.1990

Multi Family

  • Gross Income: 5250.00
  • Gross Scheduled Income: 63000.00
  • Lot Size Area: 8653.0000 Square Feet
  • Net Operating Income: 38184.00
  • Number Of Units Total: 5
  • Operating Expense: 12148.00
  • Rent Control: No

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 105
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2019
Sold by
Shaar Roger H and Shaar Cherylee R
Bought by
Shaar Roger H and The Roger H Shaar Jr Revocable
Current Estimated Value
$1,762,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$791,768
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$974,884

Purchase Details

Listed on
Apr 8, 2015
Closed on
Jul 21, 2015
Sold by
Yun Sung Hee
Bought by
Yun Sean
Seller's Agent
Tristan Ahumada
eXp Realty of California Inc
Buyer's Agent
Michael Shaar
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$500,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 8, 2015
Closed on
May 19, 2015
Sold by
Chung Hannah Y and Yun Steve
Bought by
Shaar Family Trust
Seller's Agent
Tristan Ahumada
eXp Realty of California Inc
Buyer's Agent
Michael Shaar
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2012
Sold by
Chung Hannah Yong and Yun Sean
Bought by
Chung Hannah Y and Yun Steve

Purchase Details

Closed on
Apr 19, 2006
Sold by
Chung Chung Hannah Yong Hannah Yong and Chung Yun Yok
Bought by
Chung Chung Hannah Yong Hannah Yong and Chung Yun Yok

Purchase Details

Closed on
Mar 6, 2003
Sold by
Yun Eunmi
Bought by
Chung Chung Hannah Yong Hannah Yong and Chung Yun Yok

Purchase Details

Closed on
Aug 6, 1996
Sold by
Yun Yok Chung
Bought by
Yun Si Byong and Yun Nam Yo
Source: Public Records

Range of Values:

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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
Shaar Roger H -- Accommodation
Yun Sean -- Stewart Title
Yun Steve -- Stewart Title
Shaar Family Trust $975,000 Stewart Title Of Ca Inc
Chung Hannah Y -- None Available
Chung Chung Hannah Yong Hannah Yong -- Accommodation
Chung Chung Hannah Yong Hannah Yong -- --
Chung Chung Hannah Yong Hannah Yong -- --
Chung Chung Hannah Yong Hannah Yong -- --
Yun Si Byong -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaar Roger H $900,000
Closed Shaar Roger H $795,000
Closed Shaar Roger H $500,000
Previous Owner Shaar Family Trust $500,000
Previous Owner Yun Sean $250,000
Previous Owner Chung Hannah Yong $120,411
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $1,000,000 0.0% $347 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $1,000,000 -- $347 / 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 $13,276 $1,154,197 $692,518 $461,679
2024 $13,276 $1,131,567 $678,940 $452,627
2023 $13,141 $1,109,380 $665,628 $443,752
2022 $12,569 $1,087,628 $652,577 $435,051
2021 $12,517 $1,066,303 $639,782 $426,521
2020 $12,396 $1,056,870 $633,222 $423,648
2019 $12,042 $1,036,177 $620,806 $415,371
2018 $11,830 $1,015,890 $608,634 $407,256
2016 $11,204 $975,000 $585,000 $390,000
2015 $7,933 $678,959 $508,198 $170,761
2014 $7,941 $665,661 $498,244 $167,417
Source: Public Records

Agents Affiliated with this Home

  • Tristan Ahumada

    Seller's Agent in 2015

    Tristan Ahumada

    eXp Realty of California Inc

    (805) 559-3364

    78 Total Sales

    Section Image
  • Samer Makarem

    Seller Co-Listing Agent in 2015

    Samer Makarem

    Makarem Realty, Inc.

    (818) 876-9960

    24 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Michael Shaar

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15074435

California Regional Multiple Listing Service (CRMLS)

APN: 2453-030-004

California Los Angeles County Burbank 91502 Downtown Burbank

348 E Providencia Ave, Burbank, CA

This home is located at 348 E Providencia Ave, Burbank, CA 91502 since 08 April 2015 and is currently estimated at $1,766,652, approximately $613 per square foot. This property was built in 1950. 348 E Providencia Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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