427 W Riverside Dr Unit A & B Burbank, CA 91506
Rancho Adjacent NeighborhoodEstimated Value: $882,000 - $1,165,000
2
Beds
2
Baths
1,140
Sq Ft
$931/Sq Ft
Est. Value
Highlights
- No Units Above
- Traditional Architecture
- No HOA
- William McKinley Elementary School Rated A-
- Lawn
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2022WOW, GREAT BURBANK INCOME PROPERTY OPPORTUNITY! Conforming Burbank Rancho District duplex offering two 1BD, !BA units with dble. detached garage at rear of lot with alley access - possible conversion to ADU/third unit. Nice patio area between rear unit and garage. Both units occupied by long term tenants on mo to mo rental agreements; current rents well below market - great upside, especially considering superior Burbank location.
Last Agent to Sell the Property
Real Brokerage Technologies License #00969647 Listed on: 01/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,461
Year Built
- Built in 1950
Lot Details
- 2,905 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Rectangular Lot
- Level Lot
- Lawn
Parking
- 2 Car Garage
- Parking Available
- Two Garage Doors
- Garage Door Opener
Home Design
- Duplex
- Traditional Architecture
- Cosmetic Repairs Needed
- Frame Construction
- Shingle Roof
- Composition Roof
- Partial Copper Plumbing
- Plaster
- Stucco
Interior Spaces
- 1,140 Sq Ft Home
- 1-Story Property
- Window Screens
- Living Room
- Carpet
- Fire and Smoke Detector
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 54
- Tax Tract Number 9634
- Assessor Parcel Number 5625029004
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Gardener Expense $480
- Insurance Expense $423
- Water Sewer Expense $420
- Operating Expense $1,323
- Gross Income $900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2022
Closed on
Feb 2, 2022
Sold by
Nicol Family Trust
Bought by
Solis Joseph and Solis Guadalupe
Seller's Agent
Dan Soderstrom
Real Brokerage Technologies
Buyer's Agent
Joyce Starleaf
Equity Union
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Total Days on Market
3
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
$161,377
Avg. Annual Appreciation
4.11%
Original Mortgage
$675,000
Outstanding Balance
$635,060
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$391,526
Purchase Details
Closed on
Sep 8, 2016
Sold by
Nicol Glenn Eugene and Nicol Nicole Gail
Bought by
Nicol Glenn Eugene and Nicol Gail Anne
Purchase Details
Closed on
Nov 6, 1996
Sold by
Jacobson Trust Jacobson Bernard And June M Tr
Bought by
Nicol Glenn E and Nicol Gail A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.76%
Mortgage Type
Seller Take Back
Similar Homes in Burbank, CA
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 |
|---|---|---|---|
| Solis Joseph | $900,000 | Orange Coast Title | |
| Solis Joseph | $900,000 | Orange Coast Title | |
| Nicol Glenn Eugene | -- | None Available | |
| Nicol Glenn Eugene | -- | None Available | |
| Nicol Glenn E | $125,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Solis Joseph | $675,000 | |
| Closed | Solis Joseph | $675,000 | |
| Previous Owner | Nicol Glenn E | $115,000 | |
| Previous Owner | Nicol Glenn E | $122,000 | |
| Previous Owner | Nicol Glenn E | $122,000 | |
| Previous Owner | Nicol Glenn E | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $900,000 | +0.1% | $789 / Sq Ft |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- |
| 01/24/2022 01/24/22 | For Sale | $899,000 | -- | $789 / 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 |
|---|---|---|---|---|
| 2024 | $10,461 | $936,360 | $832,320 | $104,040 |
| 2023 | $10,349 | $918,000 | $816,000 | $102,000 |
| 2022 | $745 | $52,607 | $13,827 | $38,780 |
| 2021 | $735 | $51,576 | $13,556 | $38,020 |
| 2019 | $708 | $50,048 | $13,154 | $36,894 |
| 2018 | $654 | $49,068 | $12,897 | $36,171 |
| 2016 | $607 | $47,165 | $12,398 | $34,767 |
| 2015 | $597 | $46,457 | $12,212 | $34,245 |
| 2014 | $609 | $45,548 | $11,973 | $33,575 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Soderstrom
Seller's Agent in 2022
Dan Soderstrom
Real Brokerage Technologies
(818) 437-0859
3 in this area
16 Total Sales
-
Joyce Starleaf
Buyer's Agent in 2022
Joyce Starleaf
Equity Union
(818) 612-0514
3 in this area
79 Total Sales
-
Alison Tideback
Buyer Co-Listing Agent in 2022
Alison Tideback
Equity Union
(818) 426-4833
2 in this area
66 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB22013868
APN: 5625-029-004
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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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