NOT LISTED FOR SALE

357 E Providencia Ave Unit A Burbank, CA 91502

Downtown Burbank Neighborhood

Estimated Value: $661,207 - $712,000

2 Beds
1 Bath
11,150 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 19, 2015

Last sale price $3,200,000 $287 Per Sq Ft

Current estimated payment $4,037/month

137 Days on Market

Highlights

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

About This Home

As of May 2015

Excellent investment opportunity! Ten individual parcels mapped as condos. All two-bedroom, one-and-a-half bath townhouse style units, with central air conditioning and granite counters in five of the units. Each unit has a washer/dryer hook-up. 20 parking spaces, (not tandem), in subterranean garage. Gated property.

Last Agent to Sell the Property

Marvin Meadows

Sage Property Management, Inc. License #01723931 Listed on: 04/17/2015

Last Buyer's Agent

Robert Narchi

Marcus & Millichap License #01324570

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,274

Year Built

  • Built in 1980

Lot Details

  • 8,953 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 20 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 11,150 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Tract Number 40233
  • Assessor Parcel Number 2453029023

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $15,085
  • Net Operating Income $108,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,274

Year Built

Built in 1980

Lot Details

0

Parking

20

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 2453029023
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 287.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8953.00
  • Lot Size Acres: 0.2060

Multi Family

  • Average2 Bed Area: 1115
  • Gross Income: 15085.00
  • Gross Scheduled Income: 181020.00
  • Lot Size Area: 8953.0000 Square Feet
  • Net Operating Income: 108885.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 72135.00
  • Rent Control: No

Tax Info

  • Tax Tract Number: 40233
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2015
Closed on
May 14, 2015
Sold by
Interstate Investment Partnership Lp
Bought by
Self Properties Llc
Seller's Agent
Marvin Meadows
Sage Property Management, Inc.
Buyer's Agent
Robert Narchi
Marcus & Millichap
List Price
$3,750,000
Sold Price
$3,200,000
Premium/Discount to List
-$550,000
-14.67%
Current Estimated Value
$693,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,506,337
Avg. Annual Appreciation
-13.95%

Purchase Details

Closed on
May 10, 2001
Sold by
Zook John G and Zook Christine E
Bought by
Interstate Investment Partnership

Purchase Details

Closed on
May 3, 1994
Sold by
Zook Robin
Bought by
Zook David A

Purchase Details

Closed on
May 2, 1994
Sold by
Hamlin Scott
Bought by
Hamlin Sara L Zook
Source: Public Records

Range of Values:

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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
Self Properties Llc $3,200,000 Old Republic Title Company
Interstate Investment Partnership $1,315,000 First American Title Co
Zook David A -- --
Zook John G -- --
Hamlin Sara L Zook -- --
Zook John G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Self Properties Llc $1,075,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2015 05/19/15 Sold $3,200,000 -14.7% $287 / Sq Ft
04/19/2015 04/19/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $3,750,000 -- $336 / 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 $4,274 $384,584 $115,373 $269,211
2024 $4,274 $377,044 $113,111 $263,933
2023 $4,229 $369,652 $110,894 $258,758
2022 $4,035 $362,405 $108,720 $253,685
2021 $4,017 $355,300 $106,589 $248,711
2020 $3,971 $351,658 $105,497 $246,161
2019 $3,853 $344,764 $103,429 $241,335
2018 $3,824 $338,004 $101,401 $236,603
2016 $3,626 $324,880 $97,464 $227,416
2015 $2,367 $210,623 $95,281 $115,342
2014 -- $206,498 $93,415 $113,083
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Marvin Meadows

    Sage Property Management, Inc.

  • Robert Narchi

    Buyer's Agent in 2015

    Robert Narchi

    Marcus & Millichap

    (310) 909-5500

    7 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14252051

California Regional Multiple Listing Service (CRMLS)

APN: 2453-029-023

California Los Angeles County Burbank 91502 Downtown Burbank

357 E Providencia Ave Unit A, Burbank, CA

This home is located at 357 E Providencia Ave Unit A, Burbank, CA 91502 since 17 April 2015 and is currently estimated at $685,802, approximately $61 per square foot. This property was built in 1980. 357 E Providencia Ave Unit A 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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