NOT LISTED FOR SALE
18 Beds
16 Baths
9,552 Sq Ft
7,388 Sq Ft Lot

Last Sold September 01, 2022

Last sale price $4,096,400 $429 Per Sq Ft

41 Days on Market

Highlights

  • Subterranean Parking
  • Laundry Room
  • Central Heating and Cooling System
  • Ralph Emerson Elementary School Rated A-

About This Home

As of September 2022

An incredible Income Property opportunity you will not want to miss! Located in a sought after neighborhood in Burbank. This is a well maintained 10-unit building with landscaping, a controlled accessed entry, along with a secured garage with street and alley access. There are two 3-bedroom and 2 bathroom units, four 2-bedroom and 2-bathroom units, plus four 1-bedroom, 1 bathroom units. Amazing location! Close to the 5 freeways. Minutes from the Burbank Town Center, San Fernando Blvd, banks, gas stations and more.

Last Agent to Sell the Property

Andre Pashai

JohnHart Real Estate License #00988043 Listed on: 06/08/2022

JohnHart Real Estate

Last Buyer's Agent

Maya Gulbekova

Re/Max Tri-City Realty License #01347394

Re/Max Tri-City Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1990

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • Subterranean Parking
  • Parking Available

Home Design

  • 9,552 Sq Ft Home
  • Asphalt Roof
  • Pre-Cast Concrete Construction
  • Stucco

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 36
  • Assessor Parcel Number 2455035025
  • $1,165 per year additional tax assessments

Community Details

Overview

  • 10 Units

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $37,128
  • Net Operating Income $136,428

Property Details

Home Type

Condominium

Year Built

Built in 1990

Lot Details

0

Parking

16

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2455035025
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 428.85

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7388.00
  • Lot Size Acres: 0.1696

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 725 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Scheduled Income: 173556.00
  • Lot Size Area: 7388.0000 Square Feet
  • Net Operating Income: 136428.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 37128.00
  • Rent Control: No
  • Total Actual Rent: 14463.00
  • Total Expenses: 37128.00

Tax Info

  • Tax Block: 36
  • Tax Census Tract: 3107.01
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 1165.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold $4,096,400 -2.4% $429 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $4,199,000 -- $440 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $47,141 $4,261,894 $1,702,510 $2,559,384
2024 $47,141 $4,178,328 $1,669,128 $2,509,200
2023 $46,642 $4,096,400 $1,636,400 $2,460,000
2022 $16,648 $1,427,441 $326,549 $1,100,892
2021 $16,536 $1,399,453 $320,147 $1,079,306
2019 $15,893 $1,360,522 $310,652 $1,049,870
2018 $15,708 $1,333,896 $304,561 $1,029,335
2016 $14,816 $1,279,627 $292,736 $986,891
2015 $14,528 $1,260,406 $288,339 $972,067
2014 $14,543 $1,235,717 $282,691 $953,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22122365

California Regional Multiple Listing Service (CRMLS)
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