NOT LISTED FOR SALE
13 Beds
7 Baths
15,288 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: April 10, 2013

Last sale price $3,194,000 $209 Per Sq Ft

9 Days on Market

Highlights

  • 0.36 Acre Lot
  • Open Floorplan
  • No HOA
  • Joaquin Miller Elementary School Rated A-
  • Traditional Architecture
  • Double Door Entry

About This Home

As of April 2013

Fantastic Burbank Apartment building for sale above Glenoaks Blvd.. Built in 1962 and includes two lots. Fourteen units consisting of two 1 bedroom units, eleven 2 bedroom 1 3/4 bath units and one 3 bedroom unit. All units have wall air conditioning. All units have wall furnaces except for the three bedroom which has forced air heating. A lovely courtyard centers this pride of ownership building. Common area laundry, ample parking with most units having tandem parking possible.

Last Agent to Sell the Property

Debra McMeins

Professional Realty Company License #01253220 Listed on: 01/15/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 15,499 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Density is 11-15 Units/Acre

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 15,288 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Double Door Entry

Kitchen

  • Gas Oven
  • Built-In Range
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 3,5 / 27
  • Tax Tract Number 68078
  • Assessor Parcel Number 2455010021

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $561
  • Gardener Expense $1,604
  • Insurance Expense $8,073
  • Maintenance Expense $22,006
  • Pest Control $270
  • Professional Management Expense $13,746
  • Trash Expense $2,227
  • Water Sewer Expense $2,876
  • New Taxes Expense $52,500
  • Gross Income $229,000
  • Net Operating Income $154,334

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.36 Acres

Listing Details

  • CapRate: 4.00
  • Professional Management Expense: 13746.00
  • Property Attached: No
  • Water Sewer Expenses: 2876.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1604.00
  • Parcel Number: 2455010021
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceramic Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 208.92

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 270.00
  • Sewer: Sewer Paid
  • Trash Expense: 2227.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 15499.00
  • Lot Size Acres: 0.3560

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 1092
  • Average3 Bed Area: 1555
  • Electric Expense: 561.00
  • Gross Income: 229000.00
  • Gross Multiplier: 15.12
  • Gross Scheduled Income: 229200.00
  • Insurance Expense: 8073.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 15499.0000 Square Feet
  • Maintenance Expense: 22006.00
  • Net Operating Income: 154334.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number With Carpet: 14
  • Number With Disposal: 14
  • Number With Patio: 1
  • Number With Range: 14
  • Operating Expense: 77159.00
  • Operating Expense Percent: 33.00
  • Other Income Description: laundry income
  • Rent Control: No
  • Total Actual Rent: 19100.00

Tax Info

  • New Taxes Expense: 52500.00
  • Tax Block: 27
  • Tax Lot: 3,5
  • Tax Tract Number: 68078
  • Tax Year: 2012

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
Feb 7, 2013
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
$1,500,000
Interest Rate
0.0347%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$3,194,031 Chicago Title Company
-- None Available
-- None Available
-- --
-- --
-- --
-- --
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 $1,600,000
Previous Owner $1,500,000
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
04/10/2013 04/10/13 Sold $3,194,000 -8.7% $209 / Sq Ft
01/24/2013 01/24/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $3,500,000 -- $229 / 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 $45,713 $3,933,172 $2,356,949 $1,576,223
2024 $44,244 $3,856,052 $2,310,735 $1,545,317
2023 $43,783 $3,780,444 $2,265,427 $1,515,017
2022 $41,840 $3,706,318 $2,221,007 $1,485,311
2021 $41,620 $3,633,646 $2,177,458 $1,456,188
2019 $39,965 $3,525,872 $2,112,874 $1,412,998
2018 $39,502 $3,456,739 $2,071,446 $1,385,293
2016 $37,407 $3,322,511 $1,991,010 $1,331,501
2015 $36,658 $3,272,605 $1,961,104 $1,311,501
2014 $36,613 $3,208,500 $1,922,689 $1,285,811
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB13006147

California Regional Multiple Listing Service (CRMLS)
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