NOT LISTED FOR SALE

500 S Main St Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $1,063,000 - $1,348,000

4 Beds
2 Baths
1,560 Sq Ft
$794/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $815,000 $522 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,326/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Neighborhood Views
  • William McKinley Elementary School Rated A-
  • Private Yard
  • Crown Molding

About This Home

As of February 2018

Delightful Duplex with Two 2BD, 1BA Units Each with Their Own Separate Laundry Rooms. Front Unit Includes Welcoming Formal Living Room with Beautiful Hardwood Flooring and Crown Molding. Updated Eat-in Kitchen with Dining Area and Inside Laundry with Stack Washer and Dryer. Full Bathroom and Hallway Linen Closet. Back Unit Includes Living Room, Eat-In Kitchen, Dining Area and and Laundry Room with Stack Washer and Dryer. Back Patio Area/Parking Pad, Behind second unit and Two Car Shared Garage. Units Have Separate Water Heaters, Gas and Electric Meters with One Master Water Meter. Front Unit: $ 1,675.00 & Back Unit: $ 1,575.00. Better A Look!

Last Agent to Sell the Property

David Fogg

Keller Williams Realty World Media Center License #01149065 Listed on: 01/31/2018

Last Buyer's Agent

Elvin Apelian

Equity Union License #01433009

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,397 Sq Ft Lot
  • Two or More Common Walls
  • Cross Fenced
  • Block Wall Fence
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,560 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Living Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 66
  • Tax Tract Number 9017
  • Assessor Parcel Number 2451023026

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,863
  • Operating Expense $14,063
  • Net Operating Income $24,902

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: BUR3*
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2451023026
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 522.44
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Cross Fenced
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5397.00

Multi Family

  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 24902.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 14063.00
  • Rent Control: No
  • Total Actual Rent: 3250.00
  • Total Expenses: 14063.00

Tax Info

  • New Taxes Expense: 9863.00
  • Tax Census Tract: 3118.02
  • Tax Lot: 66
  • Tax Tract Number: 9017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 21, 2018
Sold by
Naaom Christine Mkrtchian
Bought by
Naaom Saif
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
Buyer's Agent
Elvin Apelian
Equity Union
List Price
$789,000
Sold Price
$815,000
Premium/Discount to List
$26,000
3.3%
Current Estimated Value
$1,237,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,980
Avg. Annual Appreciation
5.46%

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 16, 2018
Sold by
Kuhn Brenda L
Bought by
Naaom Fadi and Naaom Saif
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
Buyer's Agent
Elvin Apelian
Equity Union
List Price
$789,000
Sold Price
$815,000
Premium/Discount to List
$26,000
3.3%

Purchase Details

Closed on
Oct 9, 2015
Sold by
Arana Jefree
Bought by
Kuhn Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 8, 2015
Sold by
Ficucell David D
Bought by
Kuhn Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 16, 2008
Sold by
Ficucell Robert A
Bought by
Ficucell Robert A and Ficucell Ruth A

Purchase Details

Closed on
Jun 11, 2008
Sold by
Ficucell Robert A
Bought by
Ficucell Robert A and Ficucell David D

Purchase Details

Closed on
Jun 9, 2008
Sold by
Ficucell David D
Bought by
Ficucell David D and Ficucell Longina M

Purchase Details

Closed on
Oct 31, 1995
Sold by
Ficucell Jessie C
Bought by
Ficucell Jessie C and Ficucell Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Naaom Saif -- Lawyers Title Company
Naaom Fadi $815,000 Lawyers Title Company
Kuhn Brenda L -- Fidelity Sherman Oaks
Kuhn Brenda L $620,000 Fidelity Sherman Oaks
Ficucell Robert A -- None Available
Ficucell Robert A -- None Available
Ficucell David D -- None Available
Ficucell Jessie C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuhn Brenda L $558,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2018 02/27/18 Sold $815,000 +3.3% $522 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $789,000 -- $506 / 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 $10,234 $927,326 $551,845 $375,481
2024 $10,234 $909,144 $541,025 $368,119
2023 $10,125 $891,318 $530,417 $360,901
2022 $9,666 $873,842 $520,017 $353,825
2021 $9,630 $856,709 $509,821 $346,888
2019 $9,240 $831,300 $494,700 $336,600
2018 $7,250 $645,047 $387,028 $258,019
2016 $6,883 $620,000 $372,000 $248,000
2015 $1,102 $90,306 $38,230 $52,076
2014 $1,113 $88,538 $37,482 $51,056
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Fogg

    Keller Williams Realty World Media Center

  • Elvin Apelian

    Buyer's Agent in 2018

    Elvin Apelian

    Equity Union

    (818) 618-1818

    71 Total Sales

    Elvin Apelian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18023524

California Regional Multiple Listing Service (CRMLS)

APN: 2451-023-026

California Los Angeles County Burbank 91506 Rancho Adjacent

500 S Main St, Burbank, CA

Not Listed for Sale

MultiFamily

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