NOT LISTED FOR SALE

450 N Hollywood Way Burbank, CA 91505

Media District Neighborhood

Estimated Value: $1,367,000 - $1,444,327

4 Beds
2 Baths
1,848 Sq Ft
$761/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $1,050,000 $568 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,671/month

11 Days on Market

Highlights

  • Cottage
  • 2 Car Garage
  • 1-Story Property
  • R. L. Stevenson Elementary School Rated A
  • Floor Furnace

About This Home

As of June 2023

First time on the market since 1978! Large R4 Lot with detached garage accessed from the alley. Great location bordering the Burbank Media District & across the street from Warner Brothers Studio. This duplex is just waiting for the right buyer! Each unit is 2 bedrooms and 1 bath with individual laundry rooms. Rear unit with good size yard and pad for an additional car or camper. The owner's unit will be delivered vacant and ready for an update. Drive by only! This is a great opportunity to live in one and rent the other unit or use it as an investment property. The property is a fixer and awaits it's next chapter.

Last Agent to Sell the Property

Daniel Banchik

Berkshire Hathaway HomeServices California Properties License #01305623 Listed on: 04/25/2023

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Michael Collins

Coldwell Banker Realty License #00963037

Last Buyer's Agent

Khajak Nazarian

License #00962521

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,065

Year Built

  • Built in 1948

Lot Details

  • 7,011 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Cottage
  • Fixer Upper

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 2483-010-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,065

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Cottage
  • Street Number Display: Yes
  • Living Area: 1848
  • Lot Acreage: 0.1609
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 594.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car, Detached, Garage Is Detached
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Percent: 42.33
  • Assessed Improvement Value: 108039
  • Assessed Land Percent: 57.67
  • Assessed Land Value: 147220
  • Total Assessed Value: 255259
  • Assessor Parcel Number: 2483-010-006
  • Lot Size Area: 7011

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Attached
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
May 27, 2023
Sold by
Desrochers Jean F
Bought by
Levik Kodaverdian And Shakeh Kodaverdian Revo
Seller's Agent
Daniel Banchik
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Khajak Nazarian
List Price
$1,099,000
Sold Price
$1,050,000
Premium/Discount to List
-$49,000
-4.46%
Views
55
Current Estimated Value
$1,407,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,082
Avg. Annual Appreciation
14.09%
Original Mortgage
$735,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 1994
Sold by
Horne Marjorie B
Bought by
Desrochers Jean F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,804
Interest Rate
8.3%
Source: Public Records

Range of Values:

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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
Levik Kodaverdian And Shakeh Kodaverdian Revo $1,050,000 Equity Title
Desrochers Jean F -- World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levik Kodaverdian And Shakeh Kodaverdian Revo $735,000
Previous Owner Desrochers Jean F $200,000
Previous Owner Desrochers Jean F $230,000
Previous Owner Desrochers Jean F $160,000
Previous Owner Desrochers Jean F $146,804
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2023 06/07/23 Sold $1,050,000 -4.5% $568 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $1,099,000 -- $595 / Sq Ft
Source: The MLS

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 $12,065 $1,092,420 $738,684 $353,736
2024 $12,065 $1,071,000 $724,200 $346,800
2023 $3,116 $260,363 $150,164 $110,199
2022 $2,979 $255,259 $147,220 $108,039
2021 $2,957 $250,255 $144,334 $105,921
2019 $2,841 $243,374 $140,054 $103,320
2018 $2,722 $238,613 $137,308 $101,305
2016 $2,566 $228,830 $131,977 $96,853
2015 $2,515 $225,394 $129,995 $95,399
2014 $2,520 $220,980 $127,449 $93,531
Source: Public Records

Agents Affiliated with this Home

  • Daniel Banchik

    Seller's Agent in 2023

    Daniel Banchik

    Berkshire Hathaway HomeServices California Properties

    (310) 503-6436

    1 in this area

    86 Total Sales

    Daniel Banchik
    Section Image
  • Michael Collins

    Seller Co-Listing Agent in 2023

    Michael Collins

    Coldwell Banker Realty

    (310) 281-3915

    1 in this area

    75 Total Sales

    Michael Collins
    Section Image

  • K

    Buyer's Agent in 2023

    Khajak Nazarian

See All Agents

Map

Source: The MLS

MLS Number: 23-264153

The MLS

APN: 2483-010-006

California Los Angeles County Burbank 91505 Media District

450 N Hollywood Way, Burbank, CA

This home is located at 450 N Hollywood Way, Burbank, CA 91505 since 25 April 2023 and is currently estimated at $1,407,082, approximately $761 per square foot. This property was built in 1948. 450 N Hollywood Way is a home located in Los Angeles County with nearby schools including R. L. Stevenson Elementary School, Dolores Huerta Middle School, and John Burroughs High School.

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