NOT LISTED FOR SALE

614 E Magnolia Blvd Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,613,000 - $2,038,782

4 Beds
4 Baths
3,052 Sq Ft
$621/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $1,575,000 $516 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $11,412/month

89 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Front Yard
  • Ralph Emerson Elementary School Rated A-

About This Home

As of October 2020

Amazing opportunity to own a quadruplex in a great area in Burbank above Glenoaks. The front house has 3 bedrooms, 1.5 baths with central A/C, and hardwood floors. The second house has 1 bedroom and 1 bath. The other 2 units are large singles with a 2 car garage each. The lot is 7815 SqFt. There is a total of 6 bedrooms and 4.5 bathrooms. Great location, great school district, good income, and plenty of potential. PLEASE do not go on property or bother tenants. Call listing agent for more details and and access to units!

Last Agent to Sell the Property

Bill Toth

First Class Real Estate Inc. License #01023622 Listed on: 06/18/2020

Co-Listed By

Elaine Daniele

First Class Real Estate Inc. License #00523793

Last Buyer's Agent

Annie Akopyan

Coldwell Banker Hallmark Realty License #01203620

Coldwell Banker Hallmark Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,815 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage

Home Design

  • 3,052 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 14 / 22
  • Tax Tract Number 3102
  • Assessor Parcel Number 2455031014

Community Details

Overview

  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Zoning: BUR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2455031014
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 516.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7815.00
  • Lot Size Acres: 0.1794

Multi Family

  • Gross Scheduled Income: 92400.00
  • Lot Size Area: 7815.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 3102.01
  • Tax Lot: 14
  • Tax Tract Number: 3102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Oct 26, 2020
Sold by
Bjr 100 Llc
Bought by
Sarhadiangardabad Ara and Gardabad Serli Yepreme
Seller's Agent
Bill Toth
First Class Real Estate Inc.
Buyer's Agent
Annie Akopyan
Coldwell Banker Hallmark Realty
List Price
$1,749,000
Sold Price
$1,575,000
Premium/Discount to List
-$174,000
-9.95%
Current Estimated Value
$1,896,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,446
Avg. Annual Appreciation
3.60%
Original Mortgage
$1,181,250
Outstanding Balance
$1,051,145
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$845,301

Purchase Details

Closed on
Dec 24, 2018
Sold by
Reider Betty J
Bought by
Bjr 100 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2017
Closed on
May 16, 2017
Sold by
Axelson Joseph W and Axelson Linda Marie
Bought by
Bjr 100 Llc
Seller's Agent
Christopher Torres
Beverly and Company, Inc.
Buyer's Agent
Elaine Daniele
First Class Real Estate Inc.
List Price
$1,349,000
Sold Price
$1,420,000
Premium/Discount to List
$71,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%

Purchase Details

Closed on
Nov 18, 2004
Sold by
Sanchez Jorge F
Bought by
Axelson Joseph W and Axelson Linda Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2001
Sold by
Wu Jenny Chen Yu Hsu
Bought by
Wu Wei Tzang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,600
Interest Rate
7.87%

Purchase Details

Closed on
Jul 26, 2001
Sold by
Hsu Tzuoh Chu and Hsu Su Cheng
Bought by
Sanchez Jorge F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,600
Interest Rate
7.87%

Purchase Details

Closed on
Dec 15, 1997
Sold by
Hsu Tzuoh C and Hsu Su Cheng
Bought by
Hsu Tzuoh Chu and Hsu Su Cheng
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
Sarhadiangardabad Ara $1,575,000 Orange Coast Ttl Co Of Socal
Bjr 100 Llc -- First American Title Company
Reider Betty J -- First American Title Company
Bjr 100 Llc $1,420,000 North American Title Company
Axelson Joseph W $915,000 Lawyers Title Company
Wu Wei Tzang -- Equity Title
Sanchez Jorge F $447,000 Equity Title Company
Hsu Tzuoh Chu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarhadiangardabad Ara $1,181,250
Previous Owner Reider Betty J $650,000
Previous Owner Axelson Joseph W $686,250
Previous Owner Sanchez Jorge F $357,600
Closed Axelson Joseph W $137,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $1,575,000 -4.5% $516 / Sq Ft
08/07/2020 08/07/20 Price Changed $1,650,000 -2.7% $541 / Sq Ft
07/23/2020 07/23/20 Price Changed $1,695,000 -3.1% $555 / Sq Ft
06/18/2020 06/18/20 For Sale $1,749,000 0.0% $573 / Sq Ft
05/26/2018 05/26/18 Rented $3,000 0.0% --
05/23/2018 05/23/18 Under Contract -- -- --
05/16/2018 05/16/18 For Rent $3,000 0.0% --
06/02/2017 06/02/17 Sold $1,420,000 +5.3% $465 / Sq Ft View Prior Sale
05/03/2017 05/03/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $1,349,000 -- $442 / 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 $18,771 $1,704,829 $1,022,897 $681,932
2024 $18,771 $1,671,402 $1,002,841 $668,561
2023 $18,571 $1,638,630 $983,178 $655,452
2022 $17,730 $1,606,500 $963,900 $642,600
2021 $17,662 $1,575,000 $945,000 $630,000
2020 $16,900 $1,507,314 $902,026 $605,288
2019 $16,396 $1,477,768 $884,340 $593,428
2018 $16,232 $1,448,800 $867,000 $581,800
2016 $11,363 $1,020,000 $724,500 $295,500
2015 $10,324 $930,000 $660,600 $269,400
2014 $10,513 $930,000 $660,600 $269,400
Source: Public Records

Agents Affiliated with this Home

  • Bill Toth

    Seller's Agent in 2020

    Bill Toth

    First Class Real Estate Inc.

    (818) 434-2110

    8 in this area

    63 Total Sales

    Bill Toth
    Section Image

  • E

    Seller Co-Listing Agent in 2020

    Elaine Daniele

    First Class Real Estate Inc.

    Section Image
  • Annie Akopyan

    Buyer's Agent in 2020

    Annie Akopyan

    Coldwell Banker Hallmark Realty

    (818) 588-1336

    3 in this area

    38 Total Sales

    Annie Akopyan
    Section Image
  • Traci Drewyer

    Seller's Agent in 2018

    Traci Drewyer

    First Class Real Estate

    (818) 395-4433

    19 Total Sales

    Traci Drewyer
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Craig Drewyer

    First Class Real Estate

    (818) 569-0210

    13 Total Sales

    Craig Drewyer
    Section Image

  • C

    Seller's Agent in 2017

    Christopher Torres

    Beverly and Company, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20118065

California Regional Multiple Listing Service (CRMLS)

APN: 2455-031-014

California Los Angeles County Burbank 91501 Hillside District

614 E Magnolia Blvd, Burbank, CA

Not Listed for Sale

MultiFamily

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