NOT LISTED FOR SALE

426 N Lomita St Burbank, CA 91506

Chandler Park Neighborhood

Estimated Value: $1,227,000 - $1,832,032

4 Beds
4 Baths
2,048 Sq Ft
$763/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $1,013,000 $495 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,714/month

11 Days on Market

Highlights

  • Lawn
  • No HOA
  • Level Lot
  • Walt Disney Elementary School Rated A
  • Central Heating

About This Home

As of March 2017

Marvelous 4 units located in quiet residential area in Burbank. 4br/ 4ba with detached 3 car garage in back of building and plenty of parking spaces in back yard. Owner occupied 2br /1ba front unit and tenants occupied 3 back units. Below market rent rate. 3 units are month-to-month tenants. Potential for higher rental income. Very low expenses. Front unit--remodeled kitchen, remodeled bathroom, laminate floor, sizeable bedrooms, large living room. No rent control. Buyer must verify all information and permits. Listing agent has never seen the interior of back units. Do not disturb the back unit tenants during showings.

Last Agent to Sell the Property

Lena Sur

Best Realty & Investment, Inc. License #01491567 Listed on: 01/23/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,956

Year Built

  • Built in 1954

Lot Details

  • 6,531 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Lawn

Parking

  • 3 Car Garage

Home Design

  • 2,048 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 67
  • Tax Tract Number 8176
  • Assessor Parcel Number 2449017023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,600
  • Water Sewer Expense $500
  • Operating Expense $2,700
  • Net Operating Income $53,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,956

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 8184389727
  • Other Phone Number: 8184389727
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: BUR-3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2449017023
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 494.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level
  • Lot Size Sq Ft: 6531.00

Multi Family

  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 53700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 2700.00
  • Rent Control: No
  • Total Actual Rent: 2700.00
  • Total Expenses: 2700.00

Tax Info

  • Tax Census Tract: 3108.00
  • Tax Lot: 67
  • Tax Tract Number: 8176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2017
Closed on
Feb 16, 2017
Sold by
Shin Chu Yong and Shin Thompson Dong
Bought by
Grigorian Alan
Seller's Agent
Lena Sur
Best Realty & Investment, Inc.
List Price
$900,000
Sold Price
$1,013,000
Premium/Discount to List
$113,000
12.56%
Current Estimated Value
$1,576,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,897
Avg. Annual Appreciation
5.27%
Original Mortgage
$759,750
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2017
Closed on
Feb 2, 2017
Sold by
Sin Grace J
Bought by
Shin Thompson Dong
Seller's Agent
Lena Sur
Best Realty & Investment, Inc.
List Price
$900,000
Sold Price
$1,013,000
Premium/Discount to List
$113,000
12.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$759,750
Interest Rate
4.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Grigorian Alan $1,013,000 Chicago Title Company
Shin Thompson Dong -- None Available
Shin Chu Yong -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grigorian Alan $500,000
Closed Grigorian Alan $759,750
Previous Owner Shin Chu Yong $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $1,013,000 +12.6% $495 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $900,000 -- $439 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,956 $1,175,669 $711,437 $464,232
2024 $12,956 $1,152,618 $697,488 $455,130
2023 $12,818 $1,130,018 $683,812 $446,206
2022 $12,237 $1,107,861 $670,404 $437,457
2021 $12,191 $1,086,139 $657,259 $428,880
2020 $12,057 $1,075,003 $650,520 $424,483
2019 $11,697 $1,053,925 $637,765 $416,160
2018 $11,592 $1,033,260 $625,260 $408,000
2016 $3,139 $277,869 $205,220 $72,649
2015 $3,076 $273,696 $202,138 $71,558
2014 $3,093 $268,336 $198,179 $70,157
Source: Public Records

Agents Affiliated with this Home

  • Lena Sur

    Seller's Agent in 2017

    Lena Sur

    Best Realty & Investment, Inc.

    (818) 438-9727

    10 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17014954

California Regional Multiple Listing Service (CRMLS)

APN: 2449-017-023

California Los Angeles County Burbank 91506 Chandler Park

426 N Lomita St, Burbank, CA

This home is located at 426 N Lomita St, Burbank, CA 91506 since 23 January 2017 and is currently estimated at $1,563,258, approximately $763 per square foot. This property was built in 1954. 426 N Lomita St is a home located in Los Angeles County with nearby schools including Walt Disney Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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