NOT LISTED FOR SALE

Estimated Value: $859,000 - $1,143,000

Studio
-- Bath
1,260 Sq Ft
$821/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $660,000 $524 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,002/month

4 Days on Market

Highlights

  • 2 Car Attached Garage
  • William McKinley Elementary School Rated A-
  • 1-Story Property

About This Home

As of October 2017

A wonderful investment opportunity in Burbank. Charming duplex in fantastic location on Alameda near Main. Each with 1 bedroom and 1 bathroom with separate electrical and gas meters.Features spacious living room with hardwoods, kitchen and bathroom with combined shower & tub. 2 car detached garage with access in the back and NO RENT CONTROL. Upside opportunity for rents.Nearby the conveniences of markets, shops and restaurants. Excellent location near 5, 134, 101 & 170 Freeways.Centrally located and studio close.Unit A is currently paying $1,695 and lease is up Dec 31st. Unit B is currently paying $1,495, with a scheduled increase to $1,700 on October 1st, is month to month and has exclusive use of garage in rear. Appraisal from Aug 2017 in hand. Exterior photos from Aug 2017. Interior photos of Unit A taken prior to most recent tenants.

Last Agent to Sell the Property

Arrington Williams

The Agency License #01986804 Listed on: 08/23/2017

The Agency

Co-Listed By

Greg Stangl

The Agency License #01440433

Last Buyer's Agent

james heller

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 3,689 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2451-038-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

3,689 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1260
  • Stories: 1
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Dryer, Range/Oven, Washer
  • Price Per S Q F T: 515.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage Is Detached, On street
  • Total Parking: 2

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 172630
  • Assessed Land Value: 228971
  • Assessor Parcel Number: 2451-038-014
  • Geocode Override: No
  • Lot Size Area: 3689

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2017
Closed on
Sep 14, 2017
Sold by
Wilkes Patrick Wayne
Bought by
Rupert Casey
Seller's Agent
Arrington Williams
The Agency
Buyer's Agent
james heller
List Price
$549,000
Sold Price
$660,000
Premium/Discount to List
$111,000
20.22%
Current Estimated Value
$1,033,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,987
Avg. Annual Appreciation
5.53%
Original Mortgage
$495,000
Outstanding Balance
$412,468
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$621,519

Purchase Details

Closed on
Sep 30, 2016
Sold by
Wilkes Patrick W
Bought by
Wilkes Patrick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2013
Sold by
Wilkes Patrick
Bought by
Wilkes Patrick Wayne and The Schachter Wilkes Revocable Trust

Purchase Details

Closed on
Dec 15, 2003
Sold by
Larsen John
Bought by
Wilkes Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2000
Sold by
Rodgers William G
Bought by
Wilkes Patrick and Larsen John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rupert Casey $660,000 Lawyers Title Company
Wilkes Patrick W -- None Available
Wilkes Patrick Wayne -- None Available
Wilkes Patrick -- Commerce Title
Wilkes Patrick -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rupert Casey $495,000
Previous Owner Wilkes Patrick W $413,000
Previous Owner Wilkes Patrick $164,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2017 10/13/17 Sold $660,000 +20.2% $524 / Sq Ft
08/23/2017 08/23/17 For Sale $549,000 -- $436 / Sq Ft
Source: The MLS

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 $8,293 $750,963 $455,130 $295,833
2024 $8,293 $736,239 $446,206 $290,033
2023 $8,205 $721,804 $437,457 $284,347
2022 $7,832 $707,652 $428,880 $278,772
2021 $7,803 $693,777 $420,471 $273,306
2019 $7,487 $673,200 $408,000 $265,200
2018 $7,388 $660,000 $400,000 $260,000
2016 $4,480 $401,601 $228,971 $172,630
2015 $4,390 $395,569 $225,532 $170,037
2014 $4,387 $387,822 $221,115 $166,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-263328

The MLS

APN: 2451-038-014

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