NOT LISTED FOR SALE

607 E Olive Ave Unit 201 Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $2,377,000

1 Bed
1 Bath
800 Sq Ft
$2,971/Sq Ft Est. Value

Highlights

  • Updated Kitchen
  • Granite Countertops
  • 1 Car Attached Garage
  • Ralph Emerson Elementary School Rated A-
  • No HOA
  • Cooling Available

About This Home

As of January 2021

Newly renovated one bedroom apartment in prime area of Burbank located on quiet tree lined street. Upper unit in 5-unit small complex. Newly updated, private 1BD unit is located on the second floor and features updated kitchen and bathroom, cozy living room. Very well maintained. Comes with one parking space. Nearby schools: St Robert Bellarmine Elementary School, Ralph Emerson Elementary School and Joaquin Miller Elementary School. The closest grocery stores are Alameda Market, Trader Joe's and Ralph's. Nearby coffee shops include Cafe Epoque, San Marco Coffee Roasting and Lily's Cafe. Conveniently located near Walt Disney Headquarters, McCambridge Park and George Izay Park / Olive Avenue Recreation Center.

Last Agent to Rent the Property

Maya Gulbekova

Re/Max Tri-City Realty License #01347394 Listed on: 01/19/2021

Re/Max Tri-City Realty

Last Renter's Agent

Maya Gulbekova

Re/Max Tri-City Realty License #01347394 Listed on: 01/19/2021

Re/Max Tri-City Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1898

Lot Details

  • 7,432 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Apartment

Interior Spaces

  • 800 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring
  • Property Views

Kitchen

  • Updated Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Shared Driveway

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $1,500
  • 12-Month Minimum Lease Term
  • Available 1/20/21
  • Assessor Parcel Number 2455023016

Community Details

Overview

  • No Home Owners Association
  • Not Applicable 105 Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit
  • Pet Deposit $600

Property Details

Home Type

Multi-Family

Year Built

Built in 1898

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2021-01-20
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 600
  • Deposit Security: 1500
  • Pets Allowed: Size Limit, Yes

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-610
  • View: Yes
  • Zoning: BUR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 2455023016
  • Year Built: 1898
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 800.00
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Price Per Square Foot: 1.81
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Parking: Yes
  • Parking Features: Shared Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Free Standing
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Size Sq Ft: 7432.00
  • Lot Size Acres: 0.1706

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 7432.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2012
Sold by
Guevorkian Emma and G & Z Four Sons Family Trust
Bought by
Guevorkian Emma and G & Z Four Sons Family Trust
Current Estimated Value
$2,377,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$344,397
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$2,032,603

Purchase Details

Closed on
Apr 14, 2011
Sold by
Guevorkian Emma
Bought by
Guevorkian Emma and G & Z Four Sons Family Trust

Purchase Details

Closed on
Nov 12, 1999
Sold by
Zakarian Tigran
Bought by
Guevorkian Emma

Purchase Details

Closed on
May 13, 1999
Sold by
Guevorkian Emma
Bought by
Zakarian Tigran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guevorkian Emma -- Chicago Title Company
Guevorkian Emma -- None Available
Guevorkian Emma -- --
Zakarian Tigran -- Old Republic Title Company
Zakarian Tigran $290,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guevorkian Emma $500,000
Previous Owner Zakarian Tigran $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Rented $1,450 0.0% --
01/19/2021 01/19/21 For Rent $1,450 -- --
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 $7,464 $620,192 $213,932 $406,260
2024 $7,464 $608,033 $209,738 $398,295
2023 $7,392 $596,112 $205,626 $390,486
2022 $7,081 $584,425 $201,595 $382,830
2021 $7,042 $572,967 $197,643 $375,324
2019 $6,779 $557,475 $191,782 $365,693
2018 $6,656 $546,574 $188,022 $358,552
2016 $6,276 $523,910 $180,722 $343,188
2015 $6,158 $516,041 $178,008 $338,033
2014 $6,172 $505,934 $174,522 $331,412
Source: Public Records

Agents Affiliated with this Home

  • Maya Gulbekova

    Landlord's Agent in 2021

    Maya Gulbekova

    RE/MAX

    (818) 427-1772

    3 in this area

    54 Total Sales

    Maya Gulbekova
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320004658

California Regional Multiple Listing Service (CRMLS)

APN: 2455-023-016

California Los Angeles County Burbank 91501 Hillside District

607 E Olive Ave Unit 201, Burbank, CA

Not Listed for Sale

MultiFamily

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