Seller's Agent in 2022
Huiling Chan
Beverly and Company, Inc.
(818) 281-1333
2 in this area
17 Total Sales
627 E Magnolia Blvd Burbank, CA 91501
Hillside District NeighborhoodEstimated Value: $3,002,000 - $3,195,250
8
Beds
7
Baths
4,388
Sq Ft
$706/Sq Ft
Est. Value
Highlights
- Community Pool
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Ralph Emerson Elementary School Rated A-
- Laundry Room
- Southeast Facing Home
About This Home
As of August 2022Prime Burbank location! First time on the market in almost 40 years. Situated just a few blocks north of downtown Burbank is this rare 7 unit apartment complex with gated pool on a large lot. (6) units are 1 bed/1 bath and (1) unit is 2 bed/1bath. Property comprised of 3 separate buildings. On-site laundry bring in additional income. Total 11 parking spaces. Below market rents with tremendous upside potential. Please do not disturb tenants.
Last Agent to Sell the Property
Beverly and Company, Inc. License #01367365 Listed on: 04/26/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1917
Lot Details
- 8,637 Sq Ft Lot
- 1 Common Wall
- Southeast Facing Home
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Cosmetic Repairs Needed
Interior Spaces
- 4,388 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Parking
- 7 Open Parking Spaces
- 11 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Fence Around Pool
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 13 / 21
- Assessor Parcel Number 2455034009
Community Details
Overview
- 3 Buildings
- 7 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 7 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $960
- Fuel Expense $1,056
- Gardener Expense $720
- Insurance Expense $4,107
- Pool Expense $2,400
- Water Sewer Expense $1,104
- Gross Income $98,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 25, 2023
Sold by
726 Magnolia Llc
Bought by
Milano Kai Investment Llc
Current Estimated Value
Purchase Details
Listed on
Apr 26, 2022
Closed on
Aug 5, 2022
Sold by
Klave Winnie
Bought by
Klave Sean Lung
Seller's Agent
Huiling Chan
Beverly and Company, Inc.
Buyer's Agent
Artak Dovlatyan
Specialized Realty
List Price
$2,399,000
Sold Price
$2,399,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Purchase Details
Closed on
Oct 31, 2007
Sold by
Klave Hai Hsing
Bought by
Livi Klave Hai Hsing and Livi Hai Hsing Klave Revocable
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| Milano Kai Investment Llc | $2,900,000 | California Best Title | |
| Klave Sean Lung | -- | New Title Company Name | |
| Livi Klave Hai Hsing | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2022 08/11/22 | Sold | $2,399,000 | 0.0% | $547 / Sq Ft |
| 05/28/2022 05/28/22 | Pending | -- | -- | -- |
| 04/26/2022 04/26/22 | For Sale | $2,399,000 | -- | $547 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $32,774 | $2,958,000 | $1,938,000 | $1,020,000 |
| 2024 | $32,774 | $2,900,000 | $1,900,000 | $1,000,000 |
| 2023 | $27,784 | $2,399,000 | $959,000 | $1,440,000 |
| 2022 | $22,654 | $1,990,000 | $800,000 | $1,190,000 |
| 2021 | $9,990 | $803,968 | $252,036 | $551,932 |
| 2019 | $9,621 | $782,498 | $244,561 | $537,937 |
| 2018 | $9,462 | $767,202 | $239,766 | $527,436 |
| 2016 | $14,136 | $1,214,551 | $761,476 | $453,075 |
| 2015 | $13,862 | $1,196,308 | $750,038 | $446,270 |
| 2014 | $13,860 | $1,172,875 | $735,346 | $437,529 |
Source: Public Records
Agents Affiliated with this Home
-
Huiling Chan
-
Artak Dovlatyan
Buyer's Agent in 2022
Artak Dovlatyan
Specialized Realty
(818) 546-1212
2 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS22080968
APN: 2455-034-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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