NOT LISTED FOR SALE

531 N 6th St Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,054,000 - $1,429,000

3 Beds
2 Baths
1,700 Sq Ft
$739/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $790,000 $465 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,673/month

42 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Primary Bedroom
  • Laundry Room
  • Ralph Emerson Elementary School Rated A-
  • Wood Flooring
  • More Than Two Accessible Exits

About This Home

As of November 2017

This home is located at 531 N 6th St, Burbank, CA 91501 since 07 September 2017 and is currently estimated at $1,256,114, approximately $738 per square foot. This property was built in 1950. 531 N 6th St is a home located in Los Angeles County with nearby schools including Ralph Emerson Elementary School, John Muir Middle School, and Burbank High School.

Last Agent to Sell the Property

Stephen Tucker

Tucker Investments License #00442661 Listed on: 09/07/2017

Last Buyer's Agent

Prasad Putta

Prasad Putta License #01706165

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,933

Year Built

  • Built in 1950

Lot Details

  • 6,140 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Uncovered Parking

Home Design

  • Bungalow
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • 2 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Central Heating
  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 2blk
  • Tax Tract Number 2530
  • Assessor Parcel Number 2455038004

Community Details

Overview

  • 3 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $100
  • New Taxes Expense $3,000
  • Operating Expense $8,400
  • Gross Income $38,400
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,933

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 2455038004
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: No
  • Fireplace Features: Bath, Dining Room, Living Room, Master Bedroom, Electric, Gas
  • Price Per Square Foot: 464.71
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 52/120
  • Lot Size Sq Ft: 6140.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8400.00
  • Rent Control: No
  • Total Actual Rent: 38400.00
  • Total Expenses: 8400.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Lot: 2blk
  • Tax Tract Number: 02530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Oct 12, 2017
Sold by
Tucker Judith G and Peterson Family Trust
Bought by
Suryadevara Sourabh
Seller's Agent
Stephen Tucker
Tucker Investments
Buyer's Agent
Prasad Putta
Prasad Putta
List Price
$970,000
Sold Price
$790,000
Premium/Discount to List
-$180,000
-18.56%
Current Estimated Value
$1,256,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,114
Avg. Annual Appreciation
5.61%
Original Mortgage
$632,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2009
Sold by
Tucker Judith G and Peterson Family Trust
Bought by
Peterson Ronald E and Ronald E Peterson Trust
Source: Public Records

Range of Values:

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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
Suryadevara Sourabh $790,000 Provident Title Company
Peterson Ronald E -- None Available
Tucker Judith G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suryadevara Sourabh $585,000
Closed Suryadevara Sourabh $632,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $790,000 0.0% $465 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/04/2017 10/04/17 Price Changed $790,000 -18.6% $465 / Sq Ft
09/07/2017 09/07/17 For Sale $970,000 -- $571 / 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 $9,933 $898,880 $682,696 $216,184
2024 $9,933 $881,256 $669,310 $211,946
2023 $977 $64,741 $36,261 $28,480
2022 $939 $63,472 $35,550 $27,922
2021 $927 $62,228 $34,853 $27,375
2020 $916 $61,591 $34,496 $27,095
2019 $896 $60,384 $33,820 $26,564
2018 $790 $59,201 $33,157 $26,044
2017 $773 $58,041 $32,507 $25,534
2016 $735 $56,904 $31,870 $25,034
2015 $723 $56,050 $31,392 $24,658
2014 $736 $54,953 $30,778 $24,175
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Stephen Tucker

    Tucker Investments

  • P

    Buyer's Agent in 2017

    Prasad Putta

    Prasad Putta

    (818) 422-4329

    3 Total Sales

    Prasad Putta
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17220749

California Regional Multiple Listing Service (CRMLS)

APN: 2455-038-004

California Los Angeles County Burbank 91501 Hillside District

531 N 6th St, Burbank, CA

This home is located at 531 N 6th St, Burbank, CA 91501 since 07 September 2017 and is currently estimated at $1,256,114, approximately $738 per square foot. This property was built in 1950. 531 N 6th St is a home located in Los Angeles County with nearby schools including Ralph Emerson 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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