NOT LISTED FOR SALE

Estimated Value: $1,189,579

4 Beds
2 Baths
1,581 Sq Ft
$752/Sq Ft Est. Value

Sale Details

Date Sold: July 20, 2023

Last sale price $1,120,000 $708 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,609 / mo

13 Days on Market

Highlights

  • Back and Front Yard
  • 1-Story Property
  • 3-minute walk to Verdugo Park & Recreation Center
  • Hutchens Elementary School Rated 10

About This Home

As of July 2023

Welcome to this charming duplex in prime Burbank location. This 1,581 sqft duplex sits on a spacious 6,100 sqft lot, offering ample outdoor space for your enjoyment. Both units feature beautiful hardwood floors, creating a warm and inviting atmosphere. The front yard provides a lovely area to relax and soak up the sun. Inside, the dining room is perfect for gatherings and a cozy ambiance. The backyard offers additional outdoor space for entertaining or gardening. A 2 car detached garage provides convenient parking and storage options. For added convenience, there is an area available to hook up a washer and dryer. With updated electrical, this home is ready for you to move in and make it your own. Located within walking distance to Verdugo Park and Pool, you'll have easy access to recreational activities and outdoor fun. Don't miss out on the opportunity to own this delightful Burbank duplex.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 06/01/2023

Last Buyer's Agent

Tagui Davtyan

Strategic Estates Group License #01855376

Strategic Estates Group
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,120 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,581 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 13174
  • Assessor Parcel Number 2479014007
  • $221 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $13,750
  • Operating Expense $19,750
  • Gross Income $45,000
  • Net Operating Income $25,250

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

6,120 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 2.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: BUR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2479014007
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 708.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6120.00
  • Lot Size Acres: 0.1405

Multi Family

  • Gross Income: 45000.00
  • Gross Multiplier: 24.44
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6120.0000 Square Feet
  • Net Operating Income: 25250.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 19750.00
  • Rent Control: Yes
  • Total Expenses: 19750.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Census Tract: 3115.00
  • Tax Lot: 7
  • Tax Tract Number: 13174
  • TaxOtherAnnualAssessmentAmount: 221.00

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

Listed on
Jun 1, 2023
Closed on
Jun 27, 2023
Sold by
Bought by
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Tagui Davtyan
Strategic Estates Group
List Price
$1,099,990
Sold Price
$1,120,000
Premium/Discount to List
$20,010
1.82%
Views
77
Current Estimated Value
$1,189,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,579
Avg. Annual Appreciation
2.00%
Original Mortgage
$840,000
Outstanding Balance
$811,021
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$378,558

Purchase Details

Closed on
Jul 3, 2000
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
$1,120,000 Fidelity National Title
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $840,000
Previous Owner $109,855
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
07/20/2023 07/20/23 Sold $1,120,000 +1.8% $708 / Sq Ft
06/16/2023 06/16/23 For Sale $1,099,990 -1.8% $696 / Sq Ft
06/14/2023 06/14/23 Off Market $1,120,000 -- --
06/01/2023 06/01/23 For Sale $1,099,990 -- $696 / 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 $12,919 $1,142,400 $739,500 $402,900
2024 $12,520 $1,120,000 $725,000 $395,000
2023 $11,867 $1,051,176 $630,706 $420,470
2022 $11,327 $1,030,566 $618,340 $412,226
2021 $11,286 $1,010,360 $606,216 $404,144
2020 $809 $62,037 $29,113 $32,924
2019 $789 $60,822 $28,543 $32,279
2018 $733 $59,631 $27,984 $31,647
2016 $675 $57,318 $26,899 $30,419
2015 $663 $56,458 $26,495 $29,963
2014 $675 $55,353 $25,976 $29,377
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23082201

California Regional Multiple Listing Service (CRMLS)

APN: 2479-014-007

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