NOT LISTED FOR SALE

Estimated Value: $1,381,000 - $1,619,000

5 Beds
4 Baths
2,241 Sq Ft
$659/Sq Ft Est. Value

Last Sold March 19, 2015

Last sale price $806,000 $360 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,747/month

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • Walt Disney Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Water-Smart Landscaping

About This Home

As of March 2015

Investors or someone looking for a home with income property attached. A great opportunity to own a Triplex in Burbank. Nestled between Burbank's Chandler District and the Magnolia Park District, centrally located. The front building has two units, one downstairs 2 bedroom and 1 bathroom unit measuring approximately 800 square feet with indoor laundry, kitchen and living area, and Up-stairs is a 1 Bedroom and 1 Bathroom unit measuring approximately 560 Square Feet with living room and kitchen. In the back of the property unit C is a separate building, built in 1986 with an upstairs 2 bedroom and 2 bathroom unit measuring approximately 775 square feet with kitchen and living area. Below the rear 2 bedroom unit you will find the complex's shared laundry room with coin operated washer and dryer and two car carport. Copper Piping throughout, the exterior of both buildings was painted in 2012. The laundry room also has an attached 1/2 bath. All units are currently leased.

Last Agent to Sell the Property

Barry Kessler

Pinnacle Estate Properties, Inc. License #01890084 Listed on: 02/01/2015

Pinnacle Estate Properties, Inc.

Co-Listed By

Debra Kessler

Century 21 Everest License #01767690

Century 21 Everest

Last Buyer's Agent

Debra Kessler

Century 21 Everest License #01767690

Century 21 Everest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,378

Year Built

  • Built in 1954

Lot Details

  • 5,232 Sq Ft Lot
  • Lot Dimensions are 40 x 130
  • No Common Walls
  • West Facing Home
  • Brick Fence
  • Water-Smart Landscaping
  • Level Lot

Home Design

  • Contemporary Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,241 Sq Ft Home
  • 2-Story Property
  • Casement Windows
  • Window Screens

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Driveway
  • Uncovered Parking

Utilities

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

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 42
  • Tax Tract Number 6022
  • Assessor Parcel Number 2449021024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $480
  • Insurance Expense $817
  • Water Sewer Expense $460
  • Gross Income $3,850
  • Net Operating Income $37,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,378

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Coin Washer & Dryer in Laundry Room
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 460.00
  • Zoning: Chandler
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 2449021024
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 359.66
  • Window Features: Casement Windows, Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Exterior Features: Lighting
  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Lot Features: Level, Landscaped, Utilities - Overhead
  • Lot Size: 40 x 130
  • Lot Size Sq Ft: 5232.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 560
  • Average2 Bed Area: 775
  • Average3 Bed Area: 800
  • Gross Income: 3850.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 817.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5232.0000 Square Feet
  • Net Operating Income: 37988.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 685.00
  • Rent Control: No
  • Total Actual Rent: 3850.00

Tax Info

  • Tax Lot: 42
  • Tax Tract Number: 6022
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2021
Sold by
Meratee Mehdi M and Nezami Kimia
Bought by
Imanymeen Llc
Current Estimated Value
$1,476,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$471,693
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,005,020

Purchase Details

Closed on
Feb 1, 2021
Sold by
Imanymeen Llc
Bought by
Meratee Mehdi and Nezami Kimia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$471,693
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,005,020

Purchase Details

Closed on
Aug 9, 2016
Sold by
Merates Mehdi M and Nezami Kimia
Bought by
Imanymeen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2015
Closed on
Mar 30, 2015
Sold by
Meratee Mehdi M and Nezami Kimia
Bought by
Imanymeem Llc
Seller's Agent
Barry Kessler
Pinnacle Estate Properties, Inc.
Buyer's Agent
Debra Kessler
Century 21 Everest
List Price
$759,000
Sold Price
$806,000
Premium/Discount to List
$47,000
6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$604,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2015
Closed on
Feb 10, 2015
Sold by
Andersen Earl S
Bought by
Meratee Mehdi M and Nezami Kimia
Seller's Agent
Barry Kessler
Pinnacle Estate Properties, Inc.
Buyer's Agent
Debra Kessler
Century 21 Everest
List Price
$759,000
Sold Price
$806,000
Premium/Discount to List
$47,000
6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2015
Sold by
Andersen Robbin A
Bought by
Andersen Earl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2006
Sold by
Andersen Earl Stanley and Andersen Robbin Anne
Bought by
Andersen Earl S and Andersen Robbin A

Purchase Details

Closed on
Jul 18, 2003
Sold by
Mckellips Lonnie and Mckellips Glenn G
Bought by
Andersen Earl Stanley and Andersen Robbin Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2003
Sold by
Kellar Glenn G and Kellar Gladys M
Bought by
Kellar Glenn G and Kellar Gladys M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Imanymeen Llc -- Wfg National Title
Meratee Mehdi -- Wfg Title Company
Meratee Mehdi -- Wfg Title Company
Imanymeen Llc -- Ticor Title Company
Meratee Mehdi M -- Ticor Title Company
Imanymeem Llc -- None Available
Meratee Mehdi M $806,000 First American Title Company
Andersen Earl S -- None Available
Andersen Earl S -- None Available
Andersen Earl S -- None Available
Andersen Earl Stanley $490,000 Southland Title Corporation
Kellar Glenn G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meratee Mehdi $525,000
Previous Owner Meratee Mehdi M $588,500
Previous Owner Meratee Mehdi M $604,500
Previous Owner Andersen Earl Stanley $100,000
Previous Owner Andersen Earl Stanley $392,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2015 03/19/15 Sold $806,000 +6.2% $360 / Sq Ft
02/07/2015 02/07/15 Pending -- -- --
02/01/2015 02/01/15 For Sale $759,000 -- $339 / 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 $11,378 $1,029,897 $615,572 $414,325
2024 $11,378 $1,009,703 $603,502 $406,201
2023 $11,257 $989,906 $591,669 $398,237
2022 $10,747 $970,497 $580,068 $390,429
2021 $10,703 $951,469 $568,695 $382,774
2020 $10,585 $941,974 $562,864 $379,110
2019 $10,270 $923,510 $551,828 $371,682
2018 $10,173 $905,408 $541,008 $364,400
2016 $9,659 $870,000 $520,000 $350,000
2015 $6,457 $579,665 $473,199 $106,466
2014 $6,453 $568,311 $463,930 $104,381
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15021578

California Regional Multiple Listing Service (CRMLS)

APN: 2449-021-024