NOT LISTED FOR SALE
12 Beds
8 Baths
6,752 Sq Ft
10,088 Sq Ft Lot

Sale Details

Date Sold: June 16, 2023

Last sale price $3,400,000 $504 Per Sq Ft

28 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Ceiling Fan
  • Hutchens Elementary School Rated 10
  • 8 Detached Carport Spaces
  • Remodeled Bathroom

About This Home

As of June 2023

Lee & Associates Investment Services Group is pleased to present 4114-4116 Warner Boulevard, an eight unit apartment property located in the landlord and business friendly, family oriented City of Burbank. The property is conveniently located near major entertainment and retail destinations such as Universal City, Burbank Town Center, The Empire Center, Griffith Park and the Hollywood Sign. Notable employers in the area include Warner Bros. Studios, The Walt Disney Company, ABC-7, Walt Disney Animation Studios and Providence St. Joseph Medical Center. Burbank is a suburb of Los Angeles that sits on the eastern end of the San Fernando Valley, just 13 miles north of Downtown Los Angeles. It is perhaps best known as home to numerous motion picture, television, and animation studios. A plethora of adjunct businesses, like post-production facilities, craft services operations, et al. also reside within its borders. The Warner Apartments is an 8 unit, two story apartment building situated on a large 10,088sf lot, and is comprised of (4) two bedroom and one bath and (4) one bedroom and one bath apartments. All but one of the units have been remodeled. These spacious, open floor plan units include refinished hardwood flooring, stainless steel appliances including ranges, refrigerators, dishwashers, stacked washer/dryers (2 BR's only). Please note the current owner have been achieving 98% rent collections throughout the COVID-19 pandemic. The Warner Apartments features 8 detached carport parking spaces and all units are individually metered for electricity and gas with individual gas hotwater heaters. The Subject is situated in South Burbank, just steps from Warner Bros. Studios and just minutes to Disney, Burbank and Universal Studios. The affluent Los Angeles suburb known as Toluca Lake is a couple blocks to the west. The Warner Apartment's excellent location & proximity to major freeways, such as the Ventura (134), Golden State (5) and San Diego Freeways provide ready access to Downtown LA, Hollywood, Venice & Santa Monica beaches, University of Southern California, numerous city colleges, the Burbank Airport, employment, schools, healthcare, cultural centers, restaurants, shopping and recreation.

Last Agent to Sell the Property

Mark Konopaske

Mark Konopaske License #00960857 Listed on: 05/05/2023

Mark Konopaske

Last Buyer's Agent

Maggie Teng

Silverpoint Properties License #01976185

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 10,088 Sq Ft Lot
  • Lot Dimensions are 54 x 187
  • North Facing Home

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,752 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Gas and Electric Range
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Remodeled Bathroom
  • 8 Bathrooms
  • Bathtub with Shower

Parking

  • 8 Parking Spaces
  • 8 Detached Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 2485-020-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1947 | Remodeled

Lot Details

10,088 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 6752
  • Lot Acreage: 0.2316
  • Lot Dimensions: 54 x 187
  • Price Per Unit: 430625.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Appliances: Gas, Free Standing Gas, Gas/Electric Range
  • Bedrooms: 12
  • Bathroom Features: Tile, Shower and Tub, Remodeled
  • Laundry Equipment: Own
  • Total Bathrooms: 8.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 510.22

Exterior Features

  • Direction Faces: North
  • Construction: Frame, Stucco
  • Other Structures: Other
  • Number Patio: 1
  • Paved: Yes
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking: 8
  • Parking Garage: Carport Detached
  • Total Parking: 8

Utilities

  • Water District: Burbank
  • Water Heater: Gas, Water Heater Unit
  • Cooling: Wall Unit(s), Ceiling Fan
  • Heating: Wall
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Sewer: In Street Paid
  • Water: District, Meter on Property
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 35.71
  • Assessed Improvement Value: 1051178
  • Assessed Land Percent: 64.29
  • Assessed Land Value: 1892120
  • Total Assessed Value: 2943298
  • Assessor Parcel Number: 2485-020-013
  • Lot Size Area: 10088

Rental Info

  • Number Leased: 8
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 8
  • Number Wall A C: 8
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 0.00

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

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
May 5, 2023
Closed on
May 18, 2023
Sold by
Wavecrest Properties Llc
Bought by
Seller's Agent
Mark Konopaske
Mark Konopaske
Buyer's Agent
Maggie Teng
Silverpoint Properties
List Price
$3,445,000
Sold Price
$3,400,000
Premium/Discount to List
-$45,000
-1.31%
Views
83

Purchase Details

Closed on
Aug 3, 2018
Sold by
Sines Jeffrey M
Bought by
Wavecrest Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,170,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2016
Sold by
Sines Jeffrey M
Bought by
Sines Jeffrey M and Sines Elizabeth D
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,400,000 Fidelity National Title
Wavecrest Properties Llc $2,800,000 First American Title Company
Sines Jeffrey M -- 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 $350,000
Previous Owner Wavecrest Properties Llc $2,170,000
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
06/16/2023 06/16/23 Sold $3,400,000 -1.3% $504 / Sq Ft
05/05/2023 05/05/23 For Sale $3,445,000 -- $510 / Sq Ft
Source: The MLS

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
2026 $40,446 $3,608,106 $1,825,277 $1,782,829
2025 $40,446 $3,537,360 $1,789,488 $1,747,872
2024 $39,193 $3,468,000 $1,754,400 $1,713,600
2023 $34,373 $3,002,163 $1,929,962 $1,072,201
2022 $32,834 $2,943,298 $1,892,120 $1,051,178
2021 $32,701 $2,885,587 $1,855,020 $1,030,567
2019 $31,402 $2,802,600 $1,800,000 $1,002,600
2018 $7,302 $582,335 $497,482 $84,853
2016 $6,846 $557,225 $478,165 $79,060
2015 $6,721 $548,856 $470,983 $77,873
2014 $6,756 $538,106 $461,758 $76,348
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-267537

The MLS
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