NOT LISTED FOR SALE
10 Beds
6 Baths
6,012 Sq Ft
8,998 Sq Ft Lot Lot

Sale Details

Date Sold: September 29, 2022

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

2 Days on Market

Highlights

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

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
  • Laundry Located Outside

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

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

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
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

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 $30,804 $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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