Clara Blunk
Anvil Real Estate
(747) 247-8851
13 Total Sales
1 in Magnolia Park
$1,400,000 Price
540 N Florence St Burbank, CA 91505
Magnolia Park Neighborhood
16
Beds
4
Baths
8,333
Sq Ft
7,452
Sq Ft Lot
About This Home
As of August 2014Property is part of a probate sale and as such is subject to Court Confirmation.540 N Florence is an 11 unit apartment building located in the heart of Burbank, CA. As such, the property is not subject to Rent Control and a new buyer can immediately achieve rental potential. The unit mix consists of five 2 bedroom and six 1 bedroom units, a highly desirable unit mix. The building is very well maintained, the rents are currently at 68% of market rent. Some extensive renovations may achieve some even higher rents.The corner lot is very highly visible and the foliage both in front of the building and on Florence Blvd make this a very desirable place for tenants to live. An owner should have no trouble getting premium rents. NBC, ABC, Disney & Warner Bros. are the chief employers of the area. Tenants will have access to local restaurants, shopping and amenities, including Porto's Bakery, Burbank Town Center and Bob Hope Airport.
Last Agent to Sell the Property
Marcus & Millichap License #00908473 Listed on: 05/28/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,452 Sq Ft Lot
Home Design
- 8,333 Sq Ft Home
Bedrooms and Bathrooms
- 16 Bedrooms
- 4 Bathrooms
Parking
- 20 Parking Spaces
- Gated Parking
Community Details
- 11 Units
Listing and Financial Details
- Assessor Parcel Number 2479-019-001
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
May 28, 2014
Closed on
Aug 19, 2014
Sold by
Bought by
Seller's Agent
Jeff Louks
Marcus & Millichap
Buyer's Agent
Christopher Baer
Avison Young – Southern CA LTD
List Price
$1,800,000
Sold Price
$2,376,000
Premium/Discount to List
$576,000
32%
Purchase Details
Closed on
Jun 18, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Magnolia Park, CA
-
Clara Blunk
-
Barry Dantagnan
Barry Dantagnan
Coldwell Banker Realty
(877) 658-1365
137 Total Sales
3 in Magnolia Park
$1.3M - $2.6M Price Range
-
Dennis Chernov
Dennis Chernov
Equity Union
(626) 657-2705
466 Total Sales
4 in Magnolia Park
$1.3M - $3M Price Range
-
Jesse Hlubik
Jesse Hlubik
Berkshire Hathaway HomeServices California Properties
(747) 998-0867
32 Total Sales
2 in Magnolia Park
$1.2M - $1.6M Price Range
-
Bradley Howard
Bradley Howard
Classic Properties
(818) 412-8012
4 Total Sales
1 in Magnolia Park
$2,249,000 Price
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
88 Total Sales
1 in Magnolia Park
$1,149,000 Price
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 |
|---|---|---|---|
| $2,376,000 | None Available | ||
| -- | Continental Lawyers Title Co |
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 | $2,100,000 | ||
| Closed | $2,050,000 | ||
| Closed | $1,650,000 | ||
| Closed | $1,300,000 |
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 |
|---|---|---|---|---|
| 08/26/2024 08/26/24 | For Rent | -- | -- | -- |
| 08/29/2014 08/29/14 | Sold | $2,376,000 | +32.0% | $285 / Sq Ft |
| 06/25/2014 06/25/14 | Pending | -- | -- | -- |
| 05/28/2014 05/28/14 | For Sale | $1,800,000 | -- | $216 / Sq Ft |
Source: The MLS
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 | $33,262 | $2,855,588 | $1,713,834 | $1,141,754 |
| 2024 | $32,221 | $2,799,597 | $1,680,230 | $1,119,367 |
| 2023 | $31,887 | $2,744,704 | $1,647,285 | $1,097,419 |
| 2022 | $30,477 | $2,690,887 | $1,614,986 | $1,075,901 |
| 2021 | $30,340 | $2,638,125 | $1,583,320 | $1,054,805 |
| 2019 | $29,140 | $2,563,178 | $1,536,358 | $1,026,820 |
| 2018 | $28,908 | $2,512,985 | $1,506,234 | $1,006,751 |
| 2016 | $27,378 | $2,412,233 | $1,447,746 | $964,487 |
| 2015 | $26,835 | $2,376,000 | $1,426,000 | $950,000 |
| 2014 | -- | $797,161 | $239,145 | $558,016 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Louks
Seller's Agent in 2014
Jeff Louks
Marcus & Millichap
(818) 212-2700
66 Total Sales
-
Christopher Baer
Buyer's Agent in 2014
Christopher Baer
Avison Young – Southern CA LTD
(818) 939-1259
2 Total Sales
Map
Source: The MLS
MLS Number: 14-764741
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