'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
4 in Hillside District
$900K - $1.5M Price Range
402 E Elmwood Ave Burbank, CA 91501
Hillside District NeighborhoodEstimated Value: $1,575,000 - $1,895,000
8
Beds
4
Baths
3,284
Sq Ft
$536/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Corner Lot
- Tile Countertops
- Joaquin Miller Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
About This Home
As of January 2020Back on the Market! No Rent Control in Burbank! No need for Soft Story Retrofit on this building! Wonderful Opportunity to own a Well Kept 2 story 4 Unit building in terrific area of Burbank Above Glenoaks close to restaurants & shopping. Easy to rent! Separately metered for Gas & electric paid by tenants as is trash. Each Unit has 2 bedrooms and 1 bath with tiled or Formica kitchen counters. 2 Units downstairs have wood flooring, 2 units upstairs have carpet over hardwood flooring. Each unit has 1 space in detached garage which could be additional rental income. Partial Copper Plumbing and electrical panel redone about 5 years ago. Water Main is Copper to the street and Sewer Line redone about 10 years ago. Tenants can use Grass yard on side yard for relaxation. Owner supplies stove, tenants own refrigerators. Perfect Opportunity to maximize income. has some deferred maintenance and better income potential.
Last Agent to Sell the Property
Sotheby's International Realty License #00999071 Listed on: 11/16/2019
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 6,602 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Side Yard Sprinklers
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Property Attached
- Composition Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 3,284 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
Kitchen
- Gas Range
- Tile Countertops
- Formica Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 1
- Tax Tract Number 6694
- Assessor Parcel Number 5621027001
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,270
- Pest Control $1,200
- Water Sewer Expense $2,246
- New Taxes Expense $15,675
- Operating Expense $21,391
- Gross Income $70,680
- Net Operating Income $63,764
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
Nov 16, 2019
Closed on
Jan 14, 2020
Sold by
Bought by
Seller's Agent
Christina Dreyer
Sotheby's International Realty
Buyer's Agent
Jacki Asplund
COMPASS
List Price
$1,425,000
Sold Price
$1,350,000
Premium/Discount to List
-$75,000
-5.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,580
Avg. Annual Appreciation
4.14%
Original Mortgage
$931,700
Interest Rate
3.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 4, 2015
Sold by
Bought by
Purchase Details
Closed on
Feb 20, 1998
Sold by
Bought by
Purchase Details
Closed on
May 26, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillside District, CA
-
'Vic' Vartan Markarian
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
82 Total Sales
4 in Hillside District
$525K - $1.6M Price Range
-
Tigran Ghazaryan
Tigran Ghazaryan
Groves Capital, Inc.
(424) 283-8862
10 Total Sales
2 in Hillside District
$1M - $1.2M Price Range
-
Mayra Santana
Mayra Santana
Sunrise Dream Realty, Inc.
(747) 294-4051
63 Total Sales
1 in Hillside District
$1,525,000 Price
-
Max Gonzalez
Max Gonzalez
Buena Vista Realty
(323) 694-2948
63 Total Sales
1 in Hillside District
$905,000 Price
-
Trey Beltran
Trey Beltran
Responds QuicklyEquity Union
(818) 639-7581
23 Total Sales
2 in Hillside District
$815,000 Price Range
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 |
|---|---|---|---|
| $1,350,000 | Chicago Title Company | ||
| -- | None Available | ||
| $305,000 | Old Republic Title Company | ||
| $285,000 | Gateway Title |
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 |
|---|---|---|---|
| Open | $822,233 | ||
| Closed | $931,700 | ||
| Previous Owner | $200,000 |
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 |
|---|---|---|---|---|
| 01/22/2020 01/22/20 | Sold | $1,350,000 | -5.3% | $411 / Sq Ft |
| 12/28/2019 12/28/19 | Pending | -- | -- | -- |
| 11/16/2019 11/16/19 | For Sale | $1,425,000 | -- | $434 / 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 | $16,796 | $1,476,417 | $885,851 | $590,566 |
| 2024 | $16,278 | $1,447,469 | $868,482 | $578,987 |
| 2023 | $16,105 | $1,419,088 | $851,453 | $567,635 |
| 2022 | $15,376 | $1,391,263 | $834,758 | $556,505 |
| 2021 | $15,312 | $1,363,985 | $818,391 | $545,594 |
| 2020 | $5,232 | $445,293 | $182,497 | $262,796 |
| 2019 | $5,083 | $436,563 | $178,919 | $257,644 |
| 2018 | $5,004 | $428,004 | $175,411 | $252,593 |
| 2016 | $4,726 | $411,386 | $168,600 | $242,786 |
| 2015 | $4,633 | $405,208 | $166,068 | $239,140 |
| 2014 | $4,645 | $397,271 | $162,815 | $234,456 |
Source: Public Records
Agents Affiliated with this Home
-
Christina Dreyer
Seller's Agent in 2020
Christina Dreyer
Sotheby's International Realty
(626) 688-3948
17 Total Sales
-
Jacki Asplund
Buyer's Agent in 2020
Jacki Asplund
COMPASS
(818) 640-5237
4 Total Sales
-
J
Buyer's Agent in 2020
Jacqueline Asplund
Redfin Corporation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF19268432
APN: 5621-027-001
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.
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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