Seller's Agent in 2023
Angela Julfayan
Coldwell Banker Hallmark
(818) 476-3000
4 in this area
27 Total Sales
428 E Cedar Ave Burbank, CA 91501
Hillside District NeighborhoodEstimated Value: $1,191,000 - $1,503,112
3
Beds
3
Baths
1,778
Sq Ft
$749/Sq Ft
Est. Value
About This Home
As of May 2023If you're a real estate investor looking for an exciting opportunity, you won't want to miss this one!
TRIPLEX located in a great area above Glenoaks in Burbank. This investment property offers many desirable features.;
FRONT UNIT #428 has 1 bd/1 bth, been recently rented for $1990 (one year lease until April of 2024). This unit has been remodeled about 2 years ago with newer floors, recessed lighting, newer kitchen cabinets, granite countertop, appliances, updated bathroom., copper plumbing.
UNIT # 428 1/2 and UNIT # 430 have 1 Bd/1 bth each, currently occupied with long term tenants on month to month basis. Rents are lower but has great potential to be increased after May 1st. 2023. Unit # 430 is detached from front duplex and has separate access and driveway from the alley in the back. There is also great opportunity to convert the garage into an ADU. Currently one car garage being used by the owner as a storage. Tenants are using front and back driveways, one space for each tenant.
With all of these amazing qualities combined, it's no surprise that this property won't be on the market for long. Don't miss your chance to own real estate investment in Burbank today!
Last Agent to Sell the Property
Coldwell Banker Hallmark License #01086029 Listed on: 04/07/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,135 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- 1,778 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 4 / A
- Tax Tract Number 45
- Assessor Parcel Number 5621024009
- $269 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 1 Leased Unit
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,467
- Water Sewer Expense $600
- Operating Expense $3,267
- Gross Income $5,120
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
Apr 7, 2023
Closed on
May 17, 2023
Sold by
Bought by
Seller's Agent
Angela Julfayan
Coldwell Banker Hallmark
Buyer's Agent
Sevan Petrossian
Pinnacle Estate Properties
List Price
$1,149,000
Sold Price
$1,300,000
Premium/Discount to List
$151,000
13.14%
Views
155
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
$31,028
Avg. Annual Appreciation
0.76%
Original Mortgage
$400,000
Outstanding Balance
$388,653
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$942,375
Purchase Details
Listed on
Apr 7, 2023
Closed on
May 9, 2023
Sold by
Bought by
Seller's Agent
Angela Julfayan
Coldwell Banker Hallmark
Buyer's Agent
Sevan Petrossian
Pinnacle Estate Properties
List Price
$1,149,000
Sold Price
$1,300,000
Premium/Discount to List
$151,000
13.14%
Views
155
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$388,653
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$942,375
Purchase Details
Closed on
Oct 9, 2017
Sold by
Bought by
Purchase Details
Listed on
Sep 4, 2015
Closed on
Nov 23, 2015
Sold by
Bought by
Seller's Agent
Dean Flowers
Dean Flowers
Buyer's Agent
Phiho Stotelmyre
eXp Realty of California Inc
List Price
$748,000
Sold Price
$775,000
Premium/Discount to List
$27,000
3.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$465,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,500
Interest Rate
6.46%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Oct 4, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.63%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 3, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,600
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| $1,300,000 | Fidelity National Title | ||
| -- | None Available | ||
| $775,000 | Lawyers Title | ||
| -- | Old Republic Title Company | ||
| -- | -- | ||
| $416,000 | Investors Title Company |
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 |
|---|---|---|---|
| Open | $400,000 | ||
| Previous Owner | $465,000 | ||
| Previous Owner | $570,500 | ||
| Previous Owner | $85,000 | ||
| Previous Owner | $353,600 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/23/2023 05/23/23 | Sold | $1,300,000 | +13.1% | $731 / Sq Ft | |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- | |
| 04/07/2023 04/07/23 | For Sale | $1,149,000 | +48.3% | $646 / Sq Ft | |
| 11/30/2015 11/30/15 | Sold | $775,000 | +3.6% | $436 / Sq Ft | View Prior Sale |
| 11/18/2015 11/18/15 | Pending | -- | -- | -- | |
| 09/04/2015 09/04/15 | For Sale | $748,000 | -- | $421 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $15,321 | $1,352,520 | $759,492 | $593,028 |
| 2024 | $14,829 | $1,326,000 | $744,600 | $581,400 |
| 2023 | $10,040 | $881,813 | $529,088 | $352,725 |
| 2022 | $9,585 | $864,523 | $518,714 | $345,809 |
| 2021 | $9,547 | $847,573 | $508,544 | $339,029 |
| 2020 | $9,442 | $838,883 | $503,330 | $335,553 |
| 2019 | $9,162 | $822,435 | $493,461 | $328,974 |
| 2018 | $9,061 | $806,310 | $483,786 | $322,524 |
| 2016 | $8,607 | $775,000 | $465,000 | $310,000 |
| 2015 | $5,491 | $492,121 | $414,048 | $78,073 |
| 2014 | $5,492 | $482,482 | $405,938 | $76,544 |
Source: Public Records
Agents Affiliated with this Home
-
Angela Julfayan
-
Eva Julfayan
E
Seller Co-Listing Agent in 2023
Eva Julfayan
Coldwell Banker Hallmark
(818) 482-6345
3 in this area
15 Total Sales
-
Sevan Petrossian
Buyer's Agent in 2023
Sevan Petrossian
Pinnacle Estate Properties
(818) 993-7370
1 in this area
75 Total Sales
-
Dean Flowers
Seller's Agent in 2015
Dean Flowers
Dean Flowers
(323) 365-8113
2 Total Sales
-
Phiho Stotelmyre
P
Buyer's Agent in 2015
Phiho Stotelmyre
eXp Realty of California Inc
(888) 584-9427
-
J
Buyer's Agent in 2015
Jerry Armen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23056528
APN: 5621-024-009
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.
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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