NOT LISTED FOR SALE

610 E Palm Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,397,000 - $1,915,045

5 Beds
4 Baths
2,850 Sq Ft
$584/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $1,300,000 $456 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,008/month

110 Days on Market

Highlights

  • No HOA
  • Ralph Emerson Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2017

Reduced Price! Motivated Seller!Fantastic opportunity to own an Investment Property in highly Desirable Burbank Hills with NO RENT CONTROL! Property consists of: Front house: 2Br+1 Bath, Unit A: 2Br+1 Bath, Unit B: 1 Br+1 bath, Unit C: Single. Near public transportation, shopping, movies. Easy access to freeway 5 and close proximity to the Burbank Metro link. Great Potential! Great Schools! Great Location!

Last Agent to Sell the Property

Jasmen Bonyadi

Coldwell Banker Hallmark License #01099700 Listed on: 09/01/2017

Coldwell Banker Hallmark

Last Buyer's Agent

Levon Yengibaryan

Coldwell Banker Hallmark License #01887345

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 7,712 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached
  • Asphalt Roof

Interior Spaces

  • 5 Bedrooms
  • 2,850 Sq Ft Home
  • Laminate Flooring

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Not Applicable 105 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2455026016

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Parcel Number: 2455026016
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 456.14

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Utilities

  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7712.00
  • Lot Size Acres: 0.1770

Multi Family

  • Lot Size Area: 7712.0000 Square Feet
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2019
Sold by
Ohanian Saro and Megerdichian Seline
Bought by
Palm Dream Llc
Current Estimated Value
$1,664,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$966,500
Outstanding Balance
$844,724
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$820,037

Purchase Details

Closed on
Mar 6, 2018
Sold by
Ohanian Saro and Megerdichian Seline
Bought by
Palm Dream Llc

Purchase Details

Listed on
Sep 1, 2017
Closed on
Dec 27, 2017
Sold by
Zadourian Rafik and Nazarian Katrin
Bought by
Ohanian Saro and Megerdichian Seline
Seller's Agent
Jasmen Bonyadi
Coldwell Banker Hallmark
Buyer's Agent
Levon Yengibaryan
Coldwell Banker Hallmark
List Price
$1,399,999
Sold Price
$1,300,000
Premium/Discount to List
-$99,999
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.11%
Original Mortgage
$975,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2016
Sold by
Zadourian Rafik
Bought by
Zadourian Trust

Purchase Details

Closed on
Oct 9, 2006
Sold by
Zadourian Rafik
Bought by
Mirzakhanian Vahik and Zadourian Rafik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$764,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2006
Sold by
Nazarian Katrin
Bought by
Zadourian Rafik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$764,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
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
Palm Dream Llc -- Fidelity National Title Co
Ohanian Saro -- Fidelity National Title Co
Palm Dream Llc -- None Available
Ohanian Saro $1,300,000 Fidelity Sherman Oaks
Zadourian Trust -- None Available
Mirzakhanian Vahik -- Accommodation
Zadourian Rafik -- First Southwestern Title
Zadourian Rafik $955,000 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohanian Saro $966,500
Previous Owner Ohanian Saro $975,000
Previous Owner Zadourian Rafik $764,000
Previous Owner Zadourian Rafik $95,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $1,300,000 -7.1% $456 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $1,399,999 -- $491 / Sq Ft
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 $16,352 $1,479,173 $887,505 $591,668
2024 $16,352 $1,450,170 $870,103 $580,067
2023 $16,178 $1,421,737 $853,043 $568,694
2022 $15,448 $1,393,861 $836,317 $557,544
2021 $15,387 $1,366,531 $819,919 $546,612
2020 $15,219 $1,352,520 $811,512 $541,008
2019 $14,767 $1,326,000 $795,600 $530,400
2018 $14,583 $1,300,000 $780,000 $520,000
2016 $11,056 $1,000,000 $851,400 $148,600
2015 $10,127 $920,000 $783,300 $136,700
2014 $10,312 $920,000 $783,300 $136,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jasmen Bonyadi

    Coldwell Banker Hallmark

    Section Image
  • Levon Yengibaryan

    Buyer's Agent in 2017

    Levon Yengibaryan

    Coldwell Banker Hallmark

    (818) 415-0147

    7 in this area

    68 Total Sales

    Levon Yengibaryan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 317006271

California Regional Multiple Listing Service (CRMLS)

APN: 2455-026-016

California Los Angeles County Burbank 91501 Hillside District

610 E Palm Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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