NOT LISTED FOR SALE

503 S Orchard Dr Burbank, CA 91506

Rancho Adjacent Neighborhood

Estimated Value: $2,219,000 - $2,248,335

7 Beds
5 Baths
3,459 Sq Ft
$646/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $2,100,000 $607 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $14,111/month

16 Days on Market

Highlights

  • No Units Above
  • Property is near a park
  • Wood Flooring
  • William McKinley Elementary School Rated A-
  • Traditional Architecture
  • Main Floor Bedroom

About This Home

As of July 2022

FIRST TIME ON THE MARKET!! Located in the highly desirable Rancho District of Burbank is this pride of ownership well maintained 5-unit complex/compound with a private courtyard for its residents to privately enjoy! All units are single level. Three of the five units are one bedroom and one bathroom, two units are two bedrooms and one bathroom, and six one-car garages that are accessed from the alley-way. Recent improvements are paint and new roof, both completed in 2019. This great income property is centrally located with easy access to public transit and minutes away to DreamWorks, Warner Bros. Studios, Disney Imagineering, St. Joseph's Hospital, LA Equestrian Center, Griffith Park, Ikea, and much more. Additional conveniences are other local and major retailers, coffee shops, entertainment and nightlife in Downtown Burbank. Last but not least, easy access to the 5/134/101 freeways, and the Ventura County Line and the Antelope Valley Line

Last Agent to Sell the Property

Eddie Ramirez

COMPASS License #01912187 Listed on: 04/02/2022

COMPASS

Co-Listed By

Enrique Liza

COMPASS License #00691382

COMPASS

Last Buyer's Agent

Enrique Liza

COMPASS License #00691382

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,409

Year Built

  • Built in 1948

Lot Details

  • 10,384 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Two or More Common Walls
  • Vinyl Fence
  • Block Wall Fence
  • Corner Lot
  • Sprinkler System
  • Private Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Single Garage Door
  • No Driveway
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Cottage
  • Property Attached
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 3,459 Sq Ft Home
  • Awning
  • Living Room
  • Bonus Room
  • Storage
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • Tax Lot 8-10
  • Tax Tract Number 311
  • Assessor Parcel Number 2443017004

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Griffith Park

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 5 Leased Units
  • 7 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,700
  • Insurance Expense $2,411
  • Other Expense $168
  • Water Sewer Expense $1,788
  • Operating Expense $34,949
  • Gross Income $107,280
  • Net Operating Income $69,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,409

Year Built

Built in 1948

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 3.46
  • Park Name: Griffith Park
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved, Privately Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1788.00
  • Zoning: BUR4
  • Architectural Style: Cottage, Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2700.00
  • Parcel Number: 2443017004
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Copper Plumbing Partial, Tile Counters, Storage
  • Common Walls: 1 Common Wall, No One Below, No One Above, End Unit, 2+ Common Walls
  • Flooring: Laminate, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 578.20
  • Room Type: Bonus Room, Kitchen, Main Floor Bedroom, Laundry, Living Room

Exterior Features

  • Foundation: Slab, Raised
  • Other Structures: Storage
  • Exterior Features: Awning(s), Rain Gutters
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Plaster, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, No Driveway, Garage - Single Door, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Ductless, Natural Gas, Forced Air
  • Laundry Features: Individual Room, Common Area, Washer Included, Dryer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Urban, Sidewalks, Street Lights, Storm Drains, Park, Horse Trails, Hiking, Gutters, Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Utilities - Overhead, Corner Lot, Sprinkler System, Park Nearby, Near Public Transit, Lot 10000-19999 Sqft, Yard, Walkstreet
  • Lot Size Sq Ft: 10384.00
  • Lot Size Acres: 0.2384

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Garage Income: 140.00
  • Gross Income: 107280.00
  • Gross Multiplier: 18.64
  • Gross Scheduled Income: 107280.00
  • Insurance Expense: 2411.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 10384.0000 Square Feet
  • Maintenance Percent: 2880.00
  • Net Operating Income: 69112.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 34949.00
  • Other Expense: 168.00
  • Rent Control: No
  • Total Actual Rent: 8940.00
  • Total Expenses: 34949.12
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 8-10
  • Tax Tract: 11278
  • Tax Tract Number: 311...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2022
Closed on
May 17, 2022
Sold by
Small Living Trust
Bought by
West Coast 2022-1 Llc
Seller's Agent
Eddie Ramirez
COMPASS
Buyer's Agent
Enrique Liza
COMPASS
List Price
$2,000,000
Sold Price
$2,100,000
Premium/Discount to List
$100,000
5%
Current Estimated Value
$2,233,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,668
Avg. Annual Appreciation
1.96%
Original Mortgage
$900,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
West Coast 2022-1 Llc $2,100,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Coast 2022-1 Llc $900,000
Previous Owner Small James M $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $2,100,000 0.0% $607 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/18/2022 04/18/22 Off Market $2,100,000 -- --
04/02/2022 04/02/22 For Sale $2,000,000 -- $578 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $24,409 $2,184,840 $873,936 $1,310,904
2024 $24,409 $2,142,000 $856,800 $1,285,200
2023 $24,153 $2,100,000 $840,000 $1,260,000
2022 $2,475 $147,107 $64,662 $82,445
2021 $2,445 $144,224 $63,395 $80,829
2019 $2,375 $143,473 $61,515 $81,958
2018 $2,250 $140,730 $60,309 $80,421
2016 $2,075 $131,879 $57,968 $73,911
2015 $2,046 $129,899 $57,098 $72,801
2014 $2,080 $127,355 $55,980 $71,375
Source: Public Records

Agents Affiliated with this Home

  • Eddie Ramirez

    Seller's Agent in 2022

    Eddie Ramirez

    COMPASS

    (818) 421-7393

    1 in this area

    64 Total Sales

    Eddie Ramirez
    Section Image
  • Enrique Liza

    Seller Co-Listing Agent in 2022

    Enrique Liza

    COMPASS

    (626) 818-0980

    1 in this area

    76 Total Sales

    Enrique Liza
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-8908

Pasadena-Foothills Association of REALTORS®

APN: 2443-017-004

California Los Angeles County Burbank 91506 Rancho Adjacent

503 S Orchard Dr, Burbank, CA

This home is located at 503 S Orchard Dr, Burbank, CA 91506 since 02 April 2022 and is currently estimated at $2,233,668, approximately $645 per square foot. This property was built in 1948. 503 S Orchard Dr is a home located in Los Angeles County with nearby schools including William McKinley 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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