NOT LISTED FOR SALE

550 E Verdugo Ave Unit 552 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,589,404 - $1,733,000

1 Bed
1 Bath
700 Sq Ft
$2,373/Sq Ft Est. Value

Highlights

  • No HOA
  • Two cooling system units
  • Front Yard
  • Joaquin Miller Elementary School Rated A-
  • Accessible Parking

About This Home

As of November 2021

Welcome home to the wonderful city of Burbank! This unit includes perks like a private one car garage with storage, common area backyard patio area, and the refrigerator is included! The unit also features new dual pane windows all around providing a bright and airy feeling throughout the unit. You'll find smooth ceilings, new floors, new split air conditioning units in the bedroom & living room, & plenty of storage area off the kitchen. Seven business days to process Applications. No pets please.

Last Agent to Rent the Property

Steve Nakachian

Pinnacle Estate Properties License #01878875 Listed on: 10/13/2021

Pinnacle Estate Properties

Last Renter's Agent

Steve Nakachian

Pinnacle Estate Properties License #01878875 Listed on: 10/13/2021

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 8,583 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 700 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Accessible Parking
  • Two cooling system units

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Security Deposit $1,800
  • Rent includes gardener, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 10/13/21
  • Legal Lot and Block 4 / 29
  • Tax Tract Number 4
  • Assessor Parcel Number 2455006006

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2021-10-13
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 1800
  • Furnished: Unfurnished
  • Total Move In Costs: 3600.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 2455006006
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 700.00 Square Feet
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.57
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8583.00
  • Lot Size Acres: 0.1970

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 8583.0000 Square Feet
  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Block: 29
  • Tax Census Tract: 3107.02
  • Tax Lot: 4
  • Tax Tract Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2024
Sold by
Shirley M White Family Trust and White Hoyt C
Bought by
Vartani Ara and Giii Irene
Current Estimated Value
$1,661,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$957,349
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$703,853

Purchase Details

Closed on
Dec 27, 2022
Sold by
White Hoyt C and Fami Shirley
Bought by
Hoyt C White Jr And Shirley M White Family Tr and White

Purchase Details

Listed on
Oct 13, 2021
Closed on
Dec 7, 2021
Sold by
White Hoyt C and Fami Shirley
Bought by
Hoyt C White Jr And Shirley M White Family Tr and White Shirley M
Seller's Agent
Steve Nakachian
Pinnacle Estate Properties
Buyer's Agent
Steve Nakachian
Pinnacle Estate Properties
Sold Price
$1,800

Purchase Details

Closed on
Dec 11, 2019
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 26, 2018
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 12, 2017
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 29, 2016
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 8, 2015
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 10, 2013
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C

Purchase Details

Closed on
Dec 18, 2012
Sold by
White Shirley M and White Hoyt C
Bought by
White Shirley M and White Hoyt C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Vartani Ara $1,625,000 Stewart Title Of California In
Vartani Ara $1,625,000 Stewart Title Of California In
Hoyt C White Jr And Shirley M White Family Tr -- None Listed On Document
Hoyt C White Jr And Shirley M White Family Tr -- None Listed On Document
Hoyt C White Jr And Shirley M White Family Tr -- None Listed On Document
Hoyt C White Jr And Shirley M White Family Tr -- None Listed On Document
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
White Shirley M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vartani Ara $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2021 11/17/21 Rented $1,800 0.0% --
11/09/2021 11/09/21 Price Changed $1,800 -2.7% $3 / Sq Ft
10/13/2021 10/13/21 For Rent $1,850 -- --
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 $19,254 $1,657,500 $1,351,500 $306,000
2024 $19,254 $1,676,880 $1,101,600 $575,280
2023 $2,205 $122,386 $54,030 $68,356
2022 $2,134 $119,987 $52,971 $67,016
2021 $2,107 $117,635 $51,933 $65,702
2020 $2,088 $119,205 $51,401 $67,804
2019 $2,049 $116,923 $50,394 $66,529
2018 $1,921 $114,685 $49,406 $65,279
2016 $1,765 $107,567 $47,489 $60,078
2015 $1,740 $105,952 $46,776 $59,176
2014 $1,774 $103,877 $45,860 $58,017
Source: Public Records

Agents Affiliated with this Home

  • Steve Nakachian

    Landlord's Agent in 2021

    Steve Nakachian

    Pinnacle Estate Properties

    (818) 534-4200

    44 Total Sales

    Steve Nakachian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21227630

California Regional Multiple Listing Service (CRMLS)

APN: 2455-006-006

California Los Angeles County Burbank 91501 Hillside District

550 E Verdugo Ave Unit 552, 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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