D
Seller's Agent in 2017
David Fogg
Keller Williams Realty World Media Center
602 E Tujunga Ave Burbank, CA 91501
Hillside District Neighborhood
11
Beds
11
Baths
7,262
Sq Ft
1962
Built
Highlights
- Traditional Architecture
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Joaquin Miller Elementary School Rated A-
- Neighborhood Views
- Tile Countertops
About This Home
As of October 2017Pristine landmark pride of ownership 8 unit apartment building above Glenoaks blvd in one of the City's best locations. This building includes Three large condo sized 2 bedroom 2 bath units with master suites, private patios, huge closets and nice kitchens with built ins. Five oversized 1 bedroom 1 bath units with large closets, eating areas, nice kitchens and extra storage. Two 1 bedroom units also have private patios. This building is not sandwiched between other buildings making each unit light and bright with some having views across town. This building offers 13 off street parking spaces which includes 8 covered spots. Also included is Huge storage room plus an oversized laundry room with 2 sets of Owner owned coin operated washers and dryers. This building has updated copper plumbing, a new exterior sewer line running to the alley, modern electrical and a history of very few problems or maintenance issues. This location is outstanding with public transportation steps away, the train stop just down the street and all of the fun of Downtown Burbank within easy walking distance. Nice long term tenants and only 1 lease, everyone else is month to month. Should the new owner choose to increase rents to Pro Forma or beyond they will receive a gross of over 170K a year and a CAP rate of more than 4.625%. The current First Trust Deed of about $455,000.00 is assumable, fully amortised and will be paid off in full in just 12 years at 6%
Last Agent to Sell the Property
David Fogg
Keller Williams Realty World Media Center License #01149065 Listed on: 05/01/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,262 Sq Ft Lot
- No Common Walls
- No Landscaping
Home Design
- Traditional Architecture
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 7,262 Sq Ft Home
- Ceiling Fan
- Blinds
- Sliding Doors
- Living Room
- Neighborhood Views
- Tile Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 11 Bedrooms
- Mirrored Closets Doors
- 11 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- 5 Open Parking Spaces
- 13 Parking Spaces
- 8 Carport Spaces
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 2455010020
Community Details
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,037
- Fuel Expense $1,094
- Gardener Expense $1,775
- Insurance Expense $3,600
- Maintenance Expense $3,000
- Trash Expense $1,892
- Water Sewer Expense $1,037
- New Taxes Expense $34,875
- Operating Expense $51,310
- Gross Income $143,700
- Net Operating Income $97,672
Additional Features
- 8 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2017 10/31/17 | Sold | $2,650,000 | -1.7% | $365 / Sq Ft |
| 09/30/2017 09/30/17 | Pending | -- | -- | -- |
| 09/13/2017 09/13/17 | Price Changed | $2,695,000 | -3.4% | $371 / Sq Ft |
| 08/10/2017 08/10/17 | Price Changed | $2,790,000 | -3.5% | $384 / Sq Ft |
| 05/08/2017 05/08/17 | Price Changed | $2,890,000 | -3.5% | $398 / Sq Ft |
| 05/01/2017 05/01/17 | For Sale | $2,995,000 | -- | $412 / 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 | $33,796 | $3,037,968 | $1,232,874 | $1,805,094 |
| 2024 | $33,796 | $2,978,400 | $1,208,700 | $1,769,700 |
| 2023 | $33,199 | $2,898,159 | $1,159,263 | $1,738,896 |
| 2022 | $31,712 | $2,841,333 | $1,136,533 | $1,704,800 |
| 2021 | $31,579 | $2,785,622 | $1,114,249 | $1,671,373 |
| 2019 | $30,314 | $2,705,300 | $1,081,200 | $1,624,100 |
| 2018 | $30,088 | $2,652,300 | $1,060,000 | $1,592,300 |
| 2016 | $14,344 | $1,245,475 | $660,571 | $584,904 |
| 2015 | $14,063 | $1,226,768 | $650,649 | $576,119 |
| 2014 | $14,066 | $1,202,738 | $637,904 | $564,834 |
Source: Public Records
Agents Affiliated with this Home
-
-
Rick Raymundo
Buyer's Agent in 2017
Rick Raymundo
Marcus & Millichap
(818) 219-6146
1 in this area
67 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB17094310
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