NOT LISTED FOR SALE

550 E Verdugo Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,638,898 - $1,698,000

6 Beds
5 Baths
3,143 Sq Ft
$531/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $1,625,000 $517 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $10,494/month

143 Days on Market

Highlights

  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Joaquin Miller Elementary School Rated A-
  • Landscaped
  • Rectangular Lot

About This Home

As of March 2024

Location Location Location !!!! North of Glen Oaks, beautiful tree lined street, close to all the studios and downtown. This 5 unit income producer is now available. All have been renovated as units have opened up. Laminate flooring, new appliances, AC, paint, etc. All units are occupied with excellent tenants.

Last Agent to Sell the Property

Kris Hansen

Coldwell Banker Assoc.Brks-CL Brokerage Phone: 951-551-6434 License #01878656 Listed on: 10/04/2023

Coldwell Banker Assoc.Brks-CL

Last Buyer's Agent

Hilda Haghnazarian

CalStar License #01433239

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,254

Year Built

  • Built in 1921

Lot Details

  • 8,583 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Split Level Home
  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,143 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, sewer, telephone, water
  • Tax Lot 001
  • Assessor Parcel Number 2455006006

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $130
  • Insurance Expense $2,000
  • Trash Expense $213
  • Water Sewer Expense $190
  • Operating Expense $2,533
  • Gross Income $100,800
  • Net Operating Income $98,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,254

Year Built

Built in 1921

Lot Details

0

Parking

5

Listing Details

  • Other Phone Description: Cell Phone
  • Other Phone Number: 951-551-6434
  • Price Per Unit: 359000
  • Property Attached: Yes
  • Water Sewer Expenses: 190.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 130.00
  • Parcel Number: 2455006006
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 517.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace
  • Sewer: Public Sewer
  • Trash Expense: 213.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 8583.00
  • Lot Size Acres: 0.1970

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Telephone, Water

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Average Studio Area: 600 Square Feet
  • Gross Income: 100800.00
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8583.0000 Square Feet
  • Net Operating Income: 98267.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 2533.00
  • Rent Control: Yes
  • Total Actual Rent: 100800.00
  • Total Expenses: 2533.00

Tax Info

  • Tax Lot: 001
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Feb 22, 2024
Sold by
Shirley M White Family Trust and White Hoyt C
Bought by
Vartani Ara and Giii Irene
Seller's Agent
Kris Hansen
Coldwell Banker Assoc.Brks-CL
Buyer's Agent
Hilda Haghnazarian
CalStar
List Price
$2,300,000
Sold Price
$1,625,000
Premium/Discount to List
-$675,000
-29.35%
Views
1349
Current Estimated Value
$1,668,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,449
Avg. Annual Appreciation
0.68%
Original Mortgage
$975,000
Interest Rate
6.77%
Mortgage Type
New Conventional

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

Purchase Details

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

Purchase Details

Closed on
Dec 4, 2020
Sold by
White Shirley M
Bought by
White Shirley M

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:

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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 -- --
Hoyt C White Jr And Shirley M White Family Tr -- --
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
White Shirley M -- None Available
White Shirley M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vartani Ara $895,000
Closed Vartani Ara $975,000
Previous Owner White Shirley M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $1,625,000 -9.5% $517 / Sq Ft
11/22/2023 11/22/23 Price Changed $1,795,000 -10.2% $571 / Sq Ft
10/29/2023 10/29/23 Price Changed $1,999,000 -13.1% $636 / Sq Ft
10/04/2023 10/04/23 For Sale $2,300,000 -- $732 / 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 $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

  • Kris Hansen

    Seller's Agent in 2024

    Kris Hansen

    Coldwell Banker Assoc.Brks-CL

    (951) 551-6434

    1 in this area

    127 Total Sales

    Kris Hansen
    Section Image
  • Hilda Haghnazarian

    Buyer's Agent in 2024

    Hilda Haghnazarian

    CalStar

    (818) 952-2815

    4 in this area

    41 Total Sales

    Hilda Haghnazarian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23184937

California Regional Multiple Listing Service (CRMLS)

APN: 2455-006-006

California Los Angeles County Burbank 91501 Hillside District

550 E Verdugo Ave, Burbank, CA

This home is located at 550 E Verdugo Ave, Burbank, CA 91501 since 04 October 2023 and is currently estimated at $1,668,449, approximately $530 per square foot. This property was built in 1921. 550 E Verdugo Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller 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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