NOT LISTED FOR SALE
14 Beds
7 Baths
6,556 Sq Ft
8,603 Sq Ft Lot

Sale Details

Date Sold: July 12, 2013

Last sale price $1,450,000 $221 Per Sq Ft

70 Days on Market

Highlights

  • Dual Staircase
  • Contemporary Architecture
  • Security Guard
  • Joaquin Miller Elementary School Rated A-
  • No HOA
  • 5-minute walk to Joaquin Miller Park

About This Home

As of July 2013

LOCATED AT 627 E CEDAR AVENUE UNIT E, A BEAUTIFUL UPPER REAR TWO BEDROOM/ONE AND ONE HALF BATHROOM IS LOCATED IN BURBANK, WALKING DISTANCE FROM BURBANK TOWN CENTER PLUS TARGET/WALMART/COSTCO, CLOSE PROXIMITY TO THE 5 & 134 AND 170 FREEWAYS, 5 MINUTES TO GLENDALE, 15 MINUTES TO DOWNTOWN LOS ANGELES.

HOME OFFERS:
• BRAND NEW KITCHEN WITH OPEN LAYOUT TO LIVING AREA
• UNIT INCLUDES BRAND NEW WASHER/DRYER + PLENTY OF STORAGE
• CUSTOM EUROPEAN FLOORING THROUGHOUT
• BEAUTIFUL EUROPEAN TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES (DISHWASHER, REFRIGERATOR, MICROWAVE, & GAS STOVE)
• QUARTZ CESAR-STONE COUNTER-TOPS WITH SPACIOUS BREAKFAST BAR
• CUSTOM CABINETRY IN BEDROOMS WITH FLOOR TO CEILING MIRRORED SLIDING CLOSETS


COMMUNITY OFFERS:
• 2 ASSIGNED PARKING SPACES
• QUIET "FOOTHILL" NEIGHBORHOOD
• STEPS TO ALL THAT BURBANK HAS TO OFFER
• PET FRIENDLY

Last Agent to Sell the Property

Lorna Lee

T.N.G. Real Estate Consultants License #01928703 Listed on: 05/03/2013

Last Buyer's Agent

Robert Narchi

Marcus & Millichap License #01324570

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,603 Sq Ft Lot
  • No Common Walls
  • Southeast Facing Home
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 6,556 Sq Ft Home
  • 2-Story Property
  • Dual Staircase

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • More Than Two Accessible Exits
  • Rain Gutters
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 5595
  • Assessor Parcel Number 5621021016

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $960
  • Insurance Expense $3,102
  • Maintenance Expense $2,400
  • Pest Control $1,000
  • Trash Expense $748
  • Water Sewer Expense $1,680
  • Gross Income $8,585
  • Net Operating Income $7,566

Additional Features

  • Laundry Facilities
  • Security Guard

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

8,603 Sq Ft Lot

Parking

8

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Guarded
  • Water Sewer Expenses: 1680.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5621021016
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 221.17

Exterior Features

  • Direction Faces: Southeast
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 1000.00
  • Sewer: Sewer Paid
  • Trash Expense: 748.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8603.00
  • Lot Size Acres: 0.1970

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 8585.00
  • Gross Scheduled Income: 8585.00
  • Insurance Expense: 3102.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8603.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 7566.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Patio: 2
  • Number With Range: 7
  • Operating Expense: 1019.00
  • Rent Control: No
  • Total Actual Rent: 8585.00

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 5595

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
Sep 14, 2016
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
$50,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 3, 2013
Closed on
Jun 24, 2013
Sold by
Bought by
Seller's Agent
Lorna Lee
T.N.G. Real Estate Consultants
Buyer's Agent
Robert Narchi
Marcus & Millichap
List Price
$2,280,000
Sold Price
$1,450,000
Premium/Discount to List
-$830,000
-36.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2010
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
$270,000
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2001
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
$592,500
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Accommodation
$1,450,014 North American Title Company
-- Old Republic Title Company
-- Old Republic Title Company
$790,000 American Coast Title Co Inc
-- --
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 $1,900,000
Closed $50,000
Previous Owner $1,050,000
Previous Owner $845,000
Previous Owner $270,000
Previous Owner $730,000
Previous Owner $592,500
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
10/08/2024 10/08/24 Off Market $2,395 -- --
09/20/2023 09/20/23 For Rent $2,395 0.0% --
07/12/2013 07/12/13 Sold $1,450,000 -36.4% $221 / Sq Ft
07/12/2013 07/12/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $2,280,000 -- $348 / 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 $20,389 $1,733,359 $1,066,495 $666,864
2024 $19,753 $1,699,373 $1,045,584 $653,789
2023 $19,550 $1,666,053 $1,025,083 $640,970
2022 $18,690 $1,633,386 $1,004,984 $628,402
2021 $18,595 $1,601,360 $985,279 $616,081
2019 $17,865 $1,555,964 $956,056 $599,908
2018 $27,046 $2,378,700 $1,632,000 $746,700
2016 $16,706 $1,464,244 $900,914 $563,330
2015 $16,376 $1,442,251 $887,382 $554,869
2014 $16,362 $1,450,000 $870,000 $580,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13081460

California Regional Multiple Listing Service (CRMLS)
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