NOT LISTED FOR SALE

529 E Palm Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,421,000 - $2,560,795

5 Beds
4 Baths
2,416 Sq Ft
$775/Sq Ft Est. Value

Last Sold March 20, 2014

Last sale price $880,000 $364 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $11,827/month

60 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Ralph Emerson Elementary School Rated A-
  • Back and Front Yard

About This Home

As of March 2014

BOM! Run, don't walk!! Mega deal! Blow out price! Awesome hill location in Burbank!! Fix & save this great 4 unit building! Front house is 2 units that have been converted into 1 house. Two 1 bedroom units in the rear. Four 1-car garages. Trust liquidation - Submit offer!!!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 01/06/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,602 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • 2,416 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 2455030013

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,473
  • Maintenance Expense $270
  • Trash Expense $1,080
  • Water Sewer Expense $1,440
  • New Taxes Expense $13,438
  • Gross Income $2,350
  • Net Operating Income $40,115

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,602 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.22
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 2455030013
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 364.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Paved
  • Lot Size Sq Ft: 7602.00
  • Lot Size Acres: 0.1750

Multi Family

  • Gross Income: 2350.00
  • Gross Multiplier: 15.71
  • Gross Scheduled Income: 60480.00
  • Insurance Expense: 1473.00
  • Lot Size Area: 7602.0000 Square Feet
  • Maintenance Expense: 270.00
  • Net Operating Income: 40115.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20365.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13438.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2019
Sold by
Sunshine Management Group Llc
Bought by
Palm Townhomes Llc
Current Estimated Value
$1,961,085

Purchase Details

Closed on
Jul 2, 2014
Sold by
Jd Construction Llc
Bought by
Sunshine Management Group Llc

Purchase Details

Listed on
Jan 6, 2014
Closed on
Mar 10, 2014
Sold by
Kelly Robert J and The Nellie G Kelly Trust
Bought by
Jd Construction Llc
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
List Price
$1,075,570
Sold Price
$880,000
Premium/Discount to List
-$195,570
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Palm Townhomes Llc $1,706,500 Ticor Title Company
Sunshine Management Group Llc -- None Available
Jd Construction Llc $880,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2014 03/20/14 Sold $880,000 -18.2% $364 / Sq Ft
03/07/2014 03/07/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $1,075,570 -- $445 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,817 $1,903,070 $1,144,520 $758,550
2024 $20,817 $1,865,756 $1,122,079 $743,677
2023 $20,594 $1,829,174 $1,100,078 $729,096
2022 $19,657 $1,793,308 $1,078,508 $714,800
2021 $19,589 $1,758,146 $1,057,361 $700,785
2019 $7,512 $1,023,518 $614,111 $409,407
2018 $11,294 $1,003,450 $602,070 $401,380
2016 $10,727 $964,487 $578,692 $385,795
2015 $9,941 $897,582 $540,589 $356,993
2014 $1,070 $82,351 $38,775 $43,576
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2014

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    41 in this area

    352 Total Sales

    Brad Korb
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14002831

California Regional Multiple Listing Service (CRMLS)

APN: 2455-030-013

California Los Angeles County Burbank 91501 Hillside District

529 E Palm Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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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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