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

Sale Details

Date Sold: September 1, 2022

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

41 Days on Market

Highlights

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

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 in unit
  • 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

7,388 Sq Ft Lot

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

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
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

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 $48,628 $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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