Seller's Agent in 2021
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
89 Total Sales
603 S 6th St Burbank, CA 91501
Hillside District NeighborhoodEstimated Value: $1,227,000 - $1,657,000
3
Beds
2
Baths
2,026
Sq Ft
$722/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Traditional Architecture
- Main Floor Bedroom
- Joaquin Miller Elementary School Rated A-
- Wood Flooring
- 5-minute walk to Joaquin Miller Park
About This Home
As of July 2021603 S 6th Street is a remarkably rare Burbank property located North of Glenoaks in the hills, less than a mile to the heart of Downtown Burbank! There isn’t a single duplex on the market in the Burbank Hills right now, so you’ll want to act fast! 603 S 6th St is made up a gorgeously renovated 2 bedroom, 1 bathroom single family residence, a brand new attached non-conforming studio apartment, and a detached garage converted into a sleek office space/studio. We project these units will pull approximately $5,150 in monthly rent, making for a sky-high pro forma cap rate ot 4.52%. In addition to the existing structures, the property will be delivered with preliminary plans for 1) a 2-story ADU made up of two 2 bed, 2 bath units that would replace the existing garage and 2) a 1,000 SF addition to the main home. We project 2 new construction ADU’s would add approximately $6,000 a month in income to the property and up to $1,000,000 in value! Situated on a 7,181 square foot BUR4* zoned corner lot, this property provides buyers unlimited growth potential.
Whether you are looking to purchase this property as a charming family compound, an investment property, or a development opportunity, the options are truly endless. You can’t go wrong! 603 S 6th St defines “pride-of-ownership”, featuring spacious and open floorplans, 2 brand new kitchens with trendy backsplashes, quartz countertops, and cheerful white cabinetry, a huge pantry in the main house, lovely Mediterranean-style bathrooms, quality wood flooring, washer/dryer hookups for both the house and studio, an enormous closet containing built-in cabinetry in the studio apartment, high quality sound proofing between the SFR and studio, and a converted, heated/cooled garage with laminate flooring. From the premium location to the high-quality finishes on this property, 603 S 6th truly fires on all cylinders!
For those of you looking to fully lease this property, a rental of this quality (top-notch!) in such a phenomenal area of Burbank will without question attract premium tenants at premium rents!
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 05/28/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948 | Remodeled
Lot Details
- 7,181 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Corner Lot
- Level Lot
- Sprinkler System
- Private Yard
- Lawn
- Front Yard
- Value in Land
Home Design
- Traditional Architecture
- Property Attached
Interior Spaces
- 2,026 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- Living Room
- Storage
- Neighborhood Views
Kitchen
- Microwave
- Dishwasher
- Trash Compactor
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- 2 Bathrooms
Laundry
- Laundry in Kitchen
- Washer and Gas Dryer Hookup
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 3658
- Assessor Parcel Number 5621022013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $810
- Maintenance Expense $1,200
- New Taxes Expense $10,944
- Operating Expense $14,154
- Gross Income $5,150
- Net Operating Income $45,174
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 21, 2015
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Outstanding Balance
$365,209
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,098,191
Purchase Details
Closed on
Nov 17, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Outstanding Balance
$365,209
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,098,191
Purchase Details
Closed on
Aug 22, 2014
Sold by
Bought by
Purchase Details
Closed on
Aug 7, 2014
Sold by
Bought by
Purchase Details
Closed on
Aug 5, 2014
Sold by
Bought by
Purchase Details
Closed on
Nov 30, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 21, 2007
Sold by
Bought by
Purchase Details
Closed on
Dec 26, 2006
Sold by
Bought by
Purchase Details
Closed on
Jun 28, 2005
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Orange Coast Title Company | ||
| -- | Orange Coast Title Company | ||
| $655,000 | Orange Coast Title Company | ||
| -- | Orange Coast Title Company | ||
| -- | Orange Coast Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $458,500 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/07/2021 07/07/21 | Sold | $1,200,000 | +20.1% | $592 / Sq Ft | |
| 06/07/2021 06/07/21 | Pending | -- | -- | -- | |
| 05/28/2021 05/28/21 | For Sale | $999,000 | +52.5% | $493 / Sq Ft | |
| 10/31/2014 10/31/14 | Sold | $655,000 | -3.0% | $399 / Sq Ft | View Prior Sale |
| 08/01/2014 08/01/14 | Pending | -- | -- | -- | |
| 07/29/2014 07/29/14 | Price Changed | $675,000 | -12.9% | $411 / Sq Ft | |
| 07/10/2014 07/10/14 | For Sale | $775,000 | -- | $472 / 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 | $14,398 | $1,273,448 | $1,018,759 | $254,689 |
| 2024 | $13,970 | $1,248,480 | $998,784 | $249,696 |
| 2023 | $13,821 | $1,224,000 | $979,200 | $244,800 |
| 2022 | $13,193 | $1,200,000 | $960,000 | $240,000 |
| 2021 | $8,374 | $741,135 | $581,807 | $159,328 |
| 2020 | $8,282 | $733,537 | $575,842 | $157,695 |
| 2019 | $8,036 | $719,154 | $564,551 | $154,603 |
| 2018 | $7,920 | $705,054 | $553,482 | $151,572 |
| 2016 | $7,521 | $677,678 | $531,991 | $145,687 |
| 2015 | $7,233 | $655,000 | $524,000 | $131,000 |
| 2014 | $6,838 | $608,000 | $532,000 | $76,000 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2021
Ian Maddox
Myunits.com Inc.
(818) 859-7242
1 in this area
52 Total Sales
-
Lori Iacobellis
L
Seller's Agent in 2014
Lori Iacobellis
Core Real Estate
(818) 450-2050
1 in this area
11 Total Sales
-
M
Seller Co-Listing Agent in 2014
Mario Iacobellis
Twin Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB21112649
APN: 5621-022-013
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.
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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