NOT LISTED FOR SALE

359 W Cedar Ave Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $1,113,000 - $1,803,554

4 Beds
2 Baths
2,180 Sq Ft
$637/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2016

Last sale price $865,000 $397 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,323 / mo

113 Days on Market

Highlights

  • Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Utility Room
  • Hutchens Elementary School Rated 10
  • Living Room
  • Carpet

About This Home

As of December 2016

Beautiful Burbank duplex on a tree lined street close to the studios. Identical units. Large back yard and detached garage. Each unit has a front porch. Substantially remodeled. Work that was done included energy efficient windows, custom cabinets, tile counter tops and floors. Remodeled kitchen. Electrical and plumbing upgraded. Roof replaced. Separate utility rooms in each unit with washer and dryer. Refrigerator included in one of the units. No rent control.

Last Agent to Sell the Property

Larry Bovshow

Trust Properties USA,Inc License #00768672 Listed on: 08/16/2016

Co-Listed By

Paul Hargraves

Trust Properties USA,Inc License #01122415

Last Buyer's Agent

John Hickey

Dilbeck Real Estate License #00985364

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 8,226 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,180 Sq Ft Home
  • Living Room
  • Utility Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 17
  • Tax Tract Number 4218
  • Assessor Parcel Number 2451025011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,606
  • Insurance Expense $802
  • Maintenance Expense $1,595
  • Water Sewer Expense $765
  • New Taxes Expense $10,800
  • Gross Income $4,500
  • Net Operating Income $38,432

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

8,226 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 765.00
  • Zoning: BUR1YY
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 1606.00
  • Parcel Number: 2451025011
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 396.79
  • Room Type: Living Room, Utility Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 8226.00
  • Price Per Lot Square Foot: 109.41

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 1090
  • Gross Income: 4500.00
  • Gross Multiplier: 16.60
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 802.00
  • Maintenance Expense: 1595.00
  • Net Operating Income: 38432.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 15568.00
  • Other Expense Description: s
  • Rent Control: No
  • Total Actual Rent: 2000.00

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Lot: 17
  • Tax Tract Number: 4218

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

Listed on
Aug 16, 2016
Closed on
Dec 19, 2016
Sold by
Bought by
Seller's Agent
Larry Bovshow
Trust Properties USA,Inc
Buyer's Agent
John Hickey
Dilbeck Real Estate
List Price
$900,000
Sold Price
$865,000
Premium/Discount to List
-$35,000
-3.89%
Current Estimated Value
$1,387,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,889
Avg. Annual Appreciation
5.05%

Purchase Details

Listed on
Aug 16, 2016
Closed on
Dec 13, 2016
Sold by
Bought by
Seller's Agent
Larry Bovshow
Trust Properties USA,Inc
Buyer's Agent
John Hickey
Dilbeck Real Estate
List Price
$900,000
Sold Price
$865,000
Premium/Discount to List
-$35,000
-3.89%

Purchase Details

Listed on
Aug 16, 2016
Closed on
Dec 12, 2016
Sold by
Bought by
Seller's Agent
Larry Bovshow
Trust Properties USA,Inc
Buyer's Agent
John Hickey
Dilbeck Real Estate
List Price
$900,000
Sold Price
$865,000
Premium/Discount to List
-$35,000
-3.89%

Purchase Details

Closed on
Feb 16, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
0.0737%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2006
Sold by
Bought by
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
-- Usa National Title Co Inc
-- Usa National Title Co Inc
$865,000 Usa National Title Co Inc
-- None Available
-- None Available
$745,000 North American Title Company
$699,000 New Century Title Company
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $559,200
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
12/23/2016 12/23/16 Sold $865,000 -3.9% $397 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $900,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,489 $1,003,899 $597,698 $406,201
2024 $11,145 $984,216 $585,979 $398,237
2023 $11,028 $964,919 $574,490 $390,429
2022 $10,530 $946,000 $563,226 $382,774
2021 $10,487 $927,452 $552,183 $375,269
2019 $10,065 $899,946 $535,806 $364,140
2018 $9,908 $882,300 $525,300 $357,000
2016 $8,448 $760,000 $648,000 $112,000
2015 $8,401 $760,000 $648,000 $112,000
2014 $7,886 $700,000 $596,800 $103,200
Source: Public Records

Agents Affiliated with this Home

  • Larry Bovshow

    Seller's Agent in 2016

    Larry Bovshow

    Trust Properties USA,Inc

    (800) 579-4380

    127 Total Sales

    Larry Bovshow
    Section Image

  • P

    Seller Co-Listing Agent in 2016

    Paul Hargraves

    Trust Properties USA,Inc

  • J

    Buyer's Agent in 2016

    John Hickey

    Dilbeck Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16180547

California Regional Multiple Listing Service (CRMLS)

APN: 2451-025-011

California Los Angeles County Burbank 91506 Rancho Adjacent

359 W Cedar Ave, Burbank, CA

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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