NOT LISTED FOR SALE

Estimated Value: $1,318,000 - $1,575,332

4 Beds
2 Baths
1,581 Sq Ft
$908/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $1,350,000 $854 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,176/month

7 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • No HOA
  • Dolores Huerta Middle School Rated A-
  • Quartz Countertops
  • Neighborhood Views

About This Home

As of September 2023

Gorgeous duplex on a prime street in Magnolia Park. Look no further for the perfect spot to call home or invest in one of Burbank’s best neighborhoods. Each 2 bed, 1 bath unit has a nice flow greeting you with an abundance of light and newly refinished hardwood floors. The front unit was renovated last year with a new bath, new appliances, recessed lighting, paint and stunning tile in the kitchen and bath. The kitchen is a designers dream with stainless steel appliances, a vented range hood, quartz counters, a deep sink, and vintage light green colored cabinets. The bath has a spa like feel, with floor to ceiling tile on one wall and a deep soaking tub for relaxing. The back unit was just painted, the hardwood floors refinished, and new tile floor installed in the bathroom. The bedrooms in both units are spacious, and each unit has a separate laundry right off the kitchen. Relax on the front porch in the evening or for your morning coffee, say hello to the neighbors and gaze out at beautifully landscaped front yard complete with automatic sprinklers and drip lines. There’s a new roof and spacious garage with room for all your storage needs. This home is close to everything including Magnolia Park shops and eateries, the studios, freeways, and The Hollywood Burbank airport. Welcome to your new home!

Last Agent to Sell the Property

Steven Roman

Keller Williams Realty World Media Center License #02024357 Listed on: 08/23/2023

Keller Williams Realty World Media Center

Co-Listed By

Anne Marie Osgood

Keller Williams Realty World Media Center License #02113157

Last Buyer's Agent

Robin McCary

eXp Realty of Greater Los Angeles, Inc. License #01451230

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,015

Year Built

  • Built in 1943

Lot Details

  • 6,116 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Vinyl Fence
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,581 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Family Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection
  • Tax Lot 30
  • Tax Tract Number 13123
  • Assessor Parcel Number 2479016018
  • $268 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,920
  • Insurance Expense $1,025
  • Water Sewer Expense $2,490
  • New Taxes Expense $13,738
  • Operating Expense $19,173
  • Gross Income $37,200
  • Net Operating Income $18,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,015

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 549500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2490.00
  • Zoning: BUR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 2479016018
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: West
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 853.89
  • Room Type: Family Room, Kitchen, Main Floor Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Range Hood, Vented Exhaust Fan, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 6116.00
  • Lot Size Acres: 0.1404

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1025.00
  • Lot Size Area: 6116.0000 Square Feet
  • Net Operating Income: 18027.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 19173.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 19173.00

Tax Info

  • New Taxes Expense: 13738.00
  • Tax Census Tract: 3115.00
  • Tax Lot: 30
  • Tax Tract Number: 13123
  • TaxOtherAnnualAssessmentAmount: 268.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Sep 6, 2023
Sold by
Mcglamery Trust
Bought by
Desiderio Erik and Desiderio Galeit
Seller's Agent
Steven Roman
Keller Williams Realty World Media Center
Buyer's Agent
Robin McCary
eXp Realty of Greater Los Angeles, Inc.
List Price
$1,099,000
Sold Price
$1,350,000
Premium/Discount to List
$251,000
22.84%
Views
121
Current Estimated Value
$1,435,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,083
Avg. Annual Appreciation
2.98%
Original Mortgage
$1,012,500
Outstanding Balance
$994,815
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$428,348

Purchase Details

Closed on
Mar 7, 2017
Sold by
Mcglamery John C and Mcglamery Nina B
Bought by
Mcglamery John C and Mcglamery Nina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2015
Sold by
Mcglamery John Barrett and Mc Glamery Sandra Ann
Bought by
The Mcglamery Trust

Purchase Details

Closed on
Aug 12, 2010
Sold by
Mcglamery John C and Mc Glamery Nina B
Bought by
Mcglamery John C and Mcglamery Nina B
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
Desiderio Erik $1,350,000 Chicago Title Company
Mcglamery John C -- None Available
Mcglamery John C -- None Available
The Mcglamery Trust -- None Available
Mcglamery John C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desiderio Erik $1,012,500
Previous Owner Mcglamery John C $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $1,350,000 +22.8% $854 / Sq Ft
08/23/2023 08/23/23 For Sale $1,099,000 -- $695 / 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
2024 $15,015 $1,350,000 $775,000 $575,000
2023 $3,251 $268,799 $139,377 $129,422
2022 $3,108 $263,530 $136,645 $126,885
2021 $3,089 $258,364 $133,966 $124,398
2019 $2,969 $250,703 $129,994 $120,709
2018 $2,859 $245,789 $127,446 $118,343
2016 $2,702 $236,248 $122,499 $113,749
2015 $2,573 $232,700 $120,659 $112,041
2014 $2,577 $228,143 $118,296 $109,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23144256

California Regional Multiple Listing Service (CRMLS)

APN: 2479-016-018