NOT LISTED FOR SALE

631 E Cypress Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,933,000 - $2,038,852

3 Beds
5 Baths
2,510 Sq Ft
$791/Sq Ft Est. Value

Last Sold March 04, 2014

Last sale price $1,040,000 $414 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $11,056/month

182 Days on Market

About This Home

As of March 2014

Excellent Location.Close to the heart of Burbank. Shops,restaurants,entertainment. High demand rental area.Well kept and upgraded 6 unit income producing property.(new windows, new driveway.many upgrades.) it consist of 2 buildings(4 1bed/1bath and 2 singles)it has a common laundry. Ample parking and a 2car garage which is also rented.

Last Agent to Sell the Property

Heros Hagopian

Coldwell Banker Hallmark License #01487197 Listed on: 08/14/2013

Coldwell Banker Hallmark

Last Buyer's Agent

Elizabeth Manasserian

Boardwalk Properties & Investm

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,098 Sq Ft Lot

Parking

  • 2 Car Garage
  • 6 Carport Spaces

Home Design

  • 2,510 Sq Ft Home
  • Property Attached
  • Stucco

Listing and Financial Details

  • Assessor Parcel Number 2459001011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $17,240
  • Net Operating Income $47,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 2459001011
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: Two
  • Price Per Square Foot: 414.34

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8098.00
  • Lot Size Acres: 0.1859

Multi Family

  • Gross Scheduled Income: 65040.00
  • Lot Size Area: 8098.0000 Square Feet
  • Net Operating Income: 47800.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 17240.00
  • Total Expenses: 17240.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2013
Closed on
Feb 14, 2014
Sold by
Agazaryan Harutyun and Agazaryan Manushak
Bought by
Fish Enterprises
Seller's Agent
Heros Hagopian
Coldwell Banker Hallmark
Buyer's Agent
Elizabeth Manasserian
Boardwalk Properties & Investm
List Price
$985,000
Sold Price
$1,040,000
Premium/Discount to List
$55,000
5.58%
Current Estimated Value
$1,879,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,071
Avg. Annual Appreciation
5.62%
Original Mortgage
$410,000
Outstanding Balance
$310,324
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,675,602

Purchase Details

Closed on
Mar 2, 2005
Sold by
Agazaryan Harutyun and Agazaryan Manushak
Bought by
Agazaryan Harutyun and Agazaryan Manushak

Purchase Details

Closed on
Dec 4, 2003
Sold by
Addison Claudia M
Bought by
Agazaryan Harutyun and Agazaryan Manushak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
5.38%
Mortgage Type
Commercial
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
Fish Enterprises $1,040,000 Lawyers Title
Agazaryan Harutyun -- --
Agazaryan Harutyun $620,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fish Enterprises $410,000
Previous Owner Agazaryan Harutyun $483,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2014 03/04/14 Sold $1,040,000 +5.6% $414 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
08/14/2013 08/14/13 For Sale $985,000 -- $392 / 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 $14,533 $1,274,885 $760,029 $514,856
2024 $14,533 $1,249,888 $745,127 $504,761
2023 $14,384 $1,225,381 $730,517 $494,864
2022 $13,753 $1,201,355 $716,194 $485,161
2021 $13,701 $1,177,800 $702,151 $475,649
2019 $13,165 $1,146,818 $681,326 $465,492
2018 $12,996 $1,124,410 $667,967 $456,443
2016 $12,319 $1,076,953 $642,030 $434,923
2015 $12,076 $1,060,778 $632,387 $428,391
2014 $8,532 $719,089 $661,101 $57,988
Source: Public Records

Agents Affiliated with this Home

  • Heros Hagopian

    Seller's Agent in 2014

    Heros Hagopian

    Coldwell Banker Hallmark

    (818) 476-3000

    1 Total Sale

    Heros Hagopian
    Section Image
  • Elizabeth Manasserian

    Buyer's Agent in 2014

    Elizabeth Manasserian

    Boardwalk Properties & Investm

    (818) 635-6357

    11 Total Sales

    Elizabeth Manasserian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 12178771

California Regional Multiple Listing Service (CRMLS)

APN: 2459-001-011

California Los Angeles County Burbank 91501 Hillside District

631 E Cypress Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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