NOT LISTED FOR SALE
10 Beds
6 Baths
6,012 Sq Ft
8,999 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $2,575,000 $428 Per Sq Ft

2 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Laundry Room
  • R. L. Stevenson Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

As of September 2022

• 6 Units
• Incredible purchase opportunity
• Superb Burbank location
• Adjacent to major studios
• Short distance to Toluca Lake
• First time on market in over 55 years!!
• Seller Purchased from original developer
• Impeccably maintained property
• TRUE PRIDE OF OWNERSHIP PROPERTY
• Tremendous Unit Mix Four 2 bedrooms
Two 1 Bedrooms (2+1’s, and 1+1’s)
• Large Unit sizes, avg over 1,000 sq ft
• Units all have dedicated parking
• Recently painted building, walkways, and stairways
• Driveway recently redone
• Fully leased with strong income

Last Agent to Sell the Property

David Issaians

Keller Williams R. E. Services License #01792207 Listed on: 08/09/2022

Keller Williams R. E. Services

Co-Listed By

Emil Akopian

Keller Williams R. E. Services License #01449462

Keller Williams R. E. Services

Last Buyer's Agent

Emil Akopian

Keller Williams R. E. Services License #01449462

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 8,998 Sq Ft Lot
  • 1 Common Wall

Parking

  • 6 Car Garage

Home Design

  • Apartment
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,012 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 192
  • Tax Tract Number 10141
  • Assessor Parcel Number 2482008025
  • $971 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $3,912
  • Operating Expense $36,910
  • Gross Income $155,940
  • Net Operating Income $119,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1953 | Remodeled

Lot Details

8,998 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • View: No
  • Zoning: BUR3*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2482008025
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Price Per Square Foot: 428.31
  • Room Type: Kitchen, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Outside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8998.00
  • Lot Size Acres: 0.2066

Multi Family

  • Gross Income: 155940.00
  • Gross Scheduled Income: 155940.00
  • Insurance Expense: 3912.00
  • Lot Size Area: 8998.0000 Square Feet
  • Net Operating Income: 119030.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 36910.00
  • Rent Control: Yes
  • Total Expenses: 36910.00

Tax Info

  • Tax Census Tract: 3116.02
  • Tax Lot: 192
  • Tax Tract Number: 10141
  • TaxOtherAnnualAssessmentAmount: 971.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $2,575,000 +5.1% $428 / Sq Ft
08/09/2022 08/09/22 For Sale $2,450,000 -- $408 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $29,855 $2,679,030 $1,071,612 $1,607,418
2024 $29,855 $2,626,500 $1,050,600 $1,575,900
2023 $29,542 $2,575,000 $1,030,000 $1,545,000
2022 $2,809 $166,288 $44,789 $121,499
2021 $2,758 $163,028 $43,911 $119,117
2019 $2,677 $158,194 $42,609 $115,585
2018 $2,543 $155,093 $41,774 $113,319
2016 $2,322 $149,072 $40,152 $108,920
2015 $2,288 $146,833 $39,549 $107,284
2014 $2,327 $143,958 $38,775 $105,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22175799

California Regional Multiple Listing Service (CRMLS)
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