NOT LISTED FOR SALE

509 E Valencia Ave Burbank, CA 91501

Hillside District Neighborhood
19 Beds
14 Baths
8,202 Sq Ft
7,845 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $3,110,000 $379 Per Sq Ft

113 Days on Market

Highlights

  • Property is near public transit
  • End Unit
  • Cooling System Mounted To A Wall/Window
  • Joaquin Miller Elementary School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of April 2021

We are marketing this 7 unit multi-residential investment opportunity located in the highly desirable City of Burbank. The subject property was built in 1962 and located in the City of Burbank, a submarket of Los Angeles, in the San Fernando Valley, adjacent to the City of Glendale. The units are separately metered for gas and electricity and has on-site laundry services that are a revenue generator. Burbank is not subject to rent control and has on-site parking. The average size for a Burbank, Los Angeles County, CA apartment is 799 square feet, with an average rental rate of $2341 per month, an 8% YOY increase!
The property boasts a mix of five 3 bedroom, 2 bathroom units and two 2 bedroom, 2 bathroom units. The prime location allows occupants to enjoy all of Burbank’s world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on a 7485 square foot lot with a total rentable square footage of 8202. Tenants are able to walk, bike & hike to local numerous eateries, café’s & parks. Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.

Last Agent to Sell the Property

Guy Arnone

Radius Agent Realty License #00994214 Listed on: 10/03/2020

Last Buyer's Agent

GAYNELL WIGINGTON

Elite Class Realty License #01220629

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,845 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Block Wall Fence

Home Design

  • Apartment
  • Fire Rated Drywall
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 8,202 Sq Ft Home
  • 2-Story Property
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Community Parking Structure

Utilities

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

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • Tax Lot 39
  • Tax Tract Number 6694
  • Assessor Parcel Number 5621026019

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5621026019
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 379.18

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition, Tar/Gravel
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Carport, Community Structure, Driveway, Paved
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 7845.00
  • Lot Size Acres: 0.1801

Rental Info

  • Tenant Pays: Cable TV, Other, Telephone

Multi Family

  • Gross Scheduled Income: 15000.00
  • Lot Size Area: 7845.0000 Square Feet
  • Net Operating Income: 15000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number Wall A C: 7
  • Number With Carpet: 7
  • Number With Disposal: 7
  • Number With Drapes: 7
  • Number With Patio: 7
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Rent Control: No

Tax Info

  • Tax Census Tract: 3107.03
  • Tax Lot: 39
  • Tax Tract Number: 6694

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $3,110,000 -2.8% $379 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/22/2021 01/22/21 Price Changed $3,199,982 0.0% $390 / Sq Ft
01/16/2021 01/16/21 Price Changed $3,199,983 0.0% $390 / Sq Ft
01/15/2021 01/15/21 Price Changed $3,199,984 0.0% $390 / Sq Ft
01/11/2021 01/11/21 Price Changed $3,199,985 0.0% $390 / Sq Ft
11/25/2020 11/25/20 Price Changed $3,199,986 0.0% $390 / Sq Ft
11/24/2020 11/24/20 Price Changed $3,199,987 0.0% $390 / Sq Ft
11/23/2020 11/23/20 Price Changed $3,199,988 0.0% $390 / Sq Ft
11/07/2020 11/07/20 Price Changed $3,199,989 0.0% $390 / Sq Ft
11/06/2020 11/06/20 Price Changed $3,199,990 0.0% $390 / Sq Ft
11/01/2020 11/01/20 Price Changed $3,199,991 0.0% $390 / Sq Ft
10/31/2020 10/31/20 Price Changed $3,199,992 0.0% $390 / Sq Ft
10/30/2020 10/30/20 Price Changed $3,199,993 0.0% $390 / Sq Ft
10/25/2020 10/25/20 Price Changed $3,199,994 0.0% $390 / Sq Ft
10/24/2020 10/24/20 Price Changed $3,199,995 0.0% $390 / Sq Ft
10/23/2020 10/23/20 Price Changed $3,199,996 0.0% $390 / Sq Ft
10/17/2020 10/17/20 Price Changed $3,199,997 0.0% $390 / Sq Ft
10/16/2020 10/16/20 Price Changed $3,199,998 0.0% $390 / Sq Ft
10/03/2020 10/03/20 For Sale $3,199,999 -- $390 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Guy Arnone

    Seller's Agent in 2021

    Guy Arnone

    Radius Agent Realty

    (310) 926-3810

    1 in this area

    38 Total Sales

    Guy Arnone
    Section Image

  • G

    Buyer's Agent in 2021

    GAYNELL WIGINGTON

    Elite Class Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20206676

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Burbank 91501 Hillside District

509 E Valencia Ave, Burbank, CA

This home is located at 509 E Valencia Ave, Burbank, CA 91501 since 03 October 2020. This property was built in 1962. 509 E Valencia Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank 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.

California Regional Multiple Listing Service (CRMLS) 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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