T
Seller's Agent in 2018
Thomas Masterani
Engel & Völkers Burbank
(818) 843-7100
2 in this area
21 Total Sales
404 W Alameda Ave Burbank, CA 91506
Rancho Adjacent NeighborhoodEstimated Value: $1,974,000 - $3,322,845
8
Beds
5
Baths
4,607
Sq Ft
$565/Sq Ft
Est. Value
Highlights
- Filtered Pool
- 15,631 Sq Ft lot
- Traditional Architecture
- William McKinley Elementary School Rated A-
- Mountain View
- Cathedral Ceiling
About This Home
As of March 2018Great multi-family investment OR an excellent opportunity for a family compound. Three bedroom, two bathroom house facing Alameda Avenue with three apartments located at the rear of the property. The house has a carport and an RV pad on the side of the house; there are also enclosed garages (four separate doors) under the two bedroom apartments in the back. The large 15631 square foot, R4 lot provides the possibility of additional units (Check with the City of Burbank to confirm the number and requirements.) OR a wonderfully large yard for family entertaining. There's also a pool on the Southeast corner at the rear of the property. House and large two-bedroom unit will be delivered vacant at COE. The other units are on month to month agreements. Property is not subject to rent control; great upside in rents. Owner has occupied the home since it was built in 1925.
Last Agent to Sell the Property
Engel & Völkers Burbank License #00716502 Listed on: 01/28/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,246
Year Built
- Built in 1925
Lot Details
- 0.36 Acre Lot
- Lot Dimensions are 116x125
- 1 Common Wall
- Chain Link Fence
- Level Lot
- Private Yard
- Front Yard
- Value in Land
Parking
- 4 Car Garage
- 5 Open Parking Spaces
- 1 Attached Carport Space
- Parking Available
- Front Facing Garage
- Tandem Uncovered Parking
- Parking Lot
Property Views
- Mountain
- Neighborhood
Home Design
- Traditional Architecture
- Property Attached
- Raised Foundation
- Tile Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,607 Sq Ft Home
- Built-In Features
- Dry Bar
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- French Mullion Window
- Living Room with Fireplace
- Den
- Laundry Room
- Basement
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Ceramic Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
- 5 Bathrooms
Pool
- Filtered Pool
- In Ground Pool
- Fence Around Pool
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 9634
- Assessor Parcel Number 5625021026
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 2 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,682
- Maintenance Expense $4,157
- Water Sewer Expense $2,951
- New Taxes Expense $23,940
- Operating Expense $14,270
- Gross Income $45,200
- Net Operating Income $21,937
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2018
Closed on
Feb 28, 2018
Sold by
Hollis Fern M and Zulager Linda
Bought by
Abrahamian Gerald and Tsarukyan Tanya H
Seller's Agent
Thomas Masterani
Engel & Völkers Burbank
Buyer's Agent
Ken Melcombe
Sotheby's International Realty
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
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
$678,211
Avg. Annual Appreciation
6.04%
Original Mortgage
$1,295,000
Outstanding Balance
$1,091,610
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,901,040
Purchase Details
Closed on
Nov 10, 2017
Sold by
Hollis Family Trust
Bought by
Hollis Fern M and Zulagr Linda
Purchase Details
Closed on
Apr 9, 2007
Sold by
Hollis John H and Hollis Fern M
Bought by
Hollis Fern M and Hollis John H
Purchase Details
Closed on
Sep 26, 2003
Sold by
Hollis John H and Hollis Fern M
Bought by
Hollis Fern M and Hollis John H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abrahamian Gerald | $1,925,000 | Fidelity National Title | |
| Hollis Fern M | -- | None Available | |
| Hollis Fern M | -- | None Available | |
| Hollis Fern M | -- | None Available | |
| Hollis Fern M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abrahamian Gerald | $1,295,000 | |
| Previous Owner | Hollis Fern M | $400,000 | |
| Previous Owner | Hollis Fern M | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2018 03/09/18 | Sold | $1,925,000 | -3.5% | $418 / Sq Ft |
| 02/07/2018 02/07/18 | Pending | -- | -- | -- |
| 01/28/2018 01/28/18 | For Sale | $1,995,000 | -- | $433 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $24,246 | $2,190,317 | $1,314,191 | $876,126 |
| 2024 | $24,246 | $2,147,371 | $1,288,423 | $858,948 |
| 2023 | $23,990 | $2,105,266 | $1,263,160 | $842,106 |
| 2022 | $22,910 | $2,063,988 | $1,238,393 | $825,595 |
| 2021 | $22,817 | $2,023,518 | $1,214,111 | $809,407 |
| 2020 | $22,568 | $2,003,950 | $1,201,662 | $802,288 |
| 2019 | $21,898 | $1,964,680 | $1,178,100 | $786,580 |
| 2018 | $2,265 | $172,448 | $77,079 | $95,369 |
| 2016 | $2,103 | $164,620 | $74,087 | $90,533 |
| 2015 | $2,066 | $162,149 | $72,975 | $89,174 |
| 2014 | $2,093 | $158,974 | $71,546 | $87,428 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Masterani
-
Ken Melcombe
K
Buyer's Agent in 2018
Ken Melcombe
Sotheby's International Realty
(818) 349-3668
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB18008734
APN: 5625-021-026
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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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