NOT LISTED FOR SALE
14 Beds
13 Baths
8,088 Sq Ft
7,631 Sq Ft Lot

Last Sold July 11, 2023

Last sale price $3,630,000 $449 Per Sq Ft

16 Days on Market

Highlights

  • Double Pane Windows
  • Ductless Heating Or Cooling System
  • Landscaped
  • Ralph Emerson Elementary School Rated A-
  • Laundry Room
  • Family Room

About This Home

As of July 2023

Pride of ownership in the heart of Burbank. This gem has 1-3 bedroom 2 bath, 3- 2-bedroom 2 bath and 5- 1 bed 1 bath units. 5 units have been tastefully remodeled within the past 12 months. Each unit has 1 assigned parking space and a storage area and a common area laundry room. Property has no rent control however it is subject to California AB 1492 of 10% maximum rent increase per year. Currently 4 units are below monthly market rent by $3025. Within minutes of Warner Bros Studios, Disney Studios, Burbank Town Center, fine dining and entertainment centers. DO NOT WALK PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Jody Barnett

Barnett Real Estate License #01300312 Listed on: 04/15/2023

Last Buyer's Agent

Ani Eskandarian

Coldwell Banker Hallmark License #01236101

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,631 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape

Interior Spaces

  • 8,088 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room
  • Fire and Smoke Detector
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 13 Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / 23
  • Assessor Parcel Number 2455026011
  • $1,154 per year additional tax assessments

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,920
  • Insurance Expense $4,260
  • Other Expense $4,620
  • Professional Management Expense $17,976
  • Water Sewer Expense $5,376
  • Operating Expense $34,152
  • Gross Income $672
  • Net Operating Income $190,553

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 444444
  • Professional Management Expense: 17976.00
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 5376.00
  • Zoning: BUR4*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 2455026011
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 448.81
  • Room Type: Family Room, Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Ductless, Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 7631.00
  • Lot Size Acres: 0.1752

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 672.00
  • Gross Scheduled Income: 224705.00
  • Insurance Expense: 4260.00
  • Laundry Income: 672.00
  • Lot Size Area: 7631.0000 Square Feet
  • Net Operating Income: 190553.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number Wall A C: 9
  • Operating Expense: 16176.00
  • Other Expense: 4620.00
  • Other Expense Description: gas
  • Other Income Description: garages currently not rented
  • Rent Control: No
  • Total Actual Rent: 17285.00
  • Total Expenses: 34152.00

Tax Info

  • Tax Block: 23
  • Tax Census Tract: 3102.01
  • Tax Lot: 11
  • TaxOtherAnnualAssessmentAmount: 1154.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2023 07/11/23 Sold $3,630,000 -9.2% $449 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/15/2023 04/15/23 Price Changed $3,999,999 0.0% $495 / Sq Ft
04/15/2023 04/15/23 For Sale $3,999,999 +81.8% $495 / Sq Ft
03/14/2022 03/14/22 Sold $2,200,000 -31.3% $272 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $3,200,000 +45.5% $396 / Sq Ft
11/17/2021 11/17/21 Off Market $2,200,000 -- --
11/15/2021 11/15/21 For Sale $3,200,000 +45.5% $396 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/09/2021 10/09/21 Off Market $2,200,000 -- --
10/07/2021 10/07/21 For Sale $3,200,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23063211

California Regional Multiple Listing Service (CRMLS)