NOT LISTED FOR SALE
10 Beds
8 Baths
7,441 Sq Ft
7,538 Sq Ft Lot

Sale Details

Date Sold: September 28, 2016

Last sale price $2,450,000 $329 Per Sq Ft

58 Days on Market

About This Home

As of September 2016

One of Burbank's Best Locations! No rent control. Owner occupies unit: H. Unit H consists of Hardwood Floors, beamed ceilings, and separate laundry.

Last Agent to Sell the Property

Chuck Lundie

AOA Commercial Brkrge License #00760901 Listed on: 05/24/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,538 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 7,441 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3658
  • Assessor Parcel Number 5621022006

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,500
  • Trash Expense $1,250
  • Water Sewer Expense $1,500
  • New Taxes Expense $31,188
  • Gross Income $8,595
  • Net Operating Income $56,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,538 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5621022006
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 329.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1250.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7538.00
  • Price Per Lot Square Foot: 330.99

Multi Family

  • Gross Income: 8595.00
  • Gross Multiplier: 24.19
  • Gross Scheduled Income: 103140.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 56780.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 38625.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 31188.00
  • Tax Lot: 7
  • Tax Tract Number: 3658

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

Closed on
Aug 29, 2017
Sold by
Bought by

Purchase Details

Listed on
May 24, 2016
Closed on
Aug 1, 2016
Sold by
Bought by
Seller's Agent
Chuck Lundie
AOA Commercial Brkrge
List Price
$2,550,000
Sold Price
$2,450,000
Premium/Discount to List
-$100,000
-3.92%

Purchase Details

Closed on
Jul 12, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$2,450,000 Lawyers Title
-- Lawyers Title
-- None Available
-- --
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
09/28/2016 09/28/16 Sold $2,450,000 -3.9% $329 / Sq Ft
07/21/2016 07/21/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $2,550,000 -- $343 / 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 $32,837 $2,846,795 $995,837 $1,850,958
2024 $31,824 $2,790,976 $976,311 $1,814,665
2023 $31,456 $2,733,016 $948,188 $1,784,828
2022 $30,052 $2,679,429 $929,597 $1,749,832
2021 $29,922 $2,626,892 $911,370 $1,715,522
2019 $28,728 $2,552,730 $884,340 $1,668,390
2018 $28,458 $2,502,750 $867,000 $1,635,750
2016 $3,265 $233,984 $40,152 $193,832
2015 $3,213 $230,470 $39,549 $190,921
2014 $3,261 $225,957 $38,775 $187,182
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16128094

California Regional Multiple Listing Service (CRMLS)
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