NOT LISTED FOR SALE

633 E Orange Grove Ave Unit A Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,336,357 - $1,558,000

3 Beds
3 Baths
1,927 Sq Ft
$739/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $680,000 $353 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $8,217/month

28 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Mountain View
  • Wood Flooring
  • Ralph Emerson Elementary School Rated A-
  • Property is near public transit
  • No HOA

About This Home

As of January 2014

Good hillside location with strong rental demand, close to Burbank Village, Media Center mall, shopping, transportation, etc. Property has two structures: a much older home built at the rear of the property and a duplex located at the front. One of the units in the duplex was refurbished in 2012 with new vinyl, refinished wood floors, paint, blinds, etc. Rents have been kept low so there is plenty of upside on the income. One of the tenants has been there for 15 years (rear house), another for five years and the third for just over a year. Expenses reflected under category of "Other Expense Amount" include expenses reflected with refurbishing vacant unit last year and pruning of trees, neither of which are annual expenses. SELLER WILL PROVIDE FINANCING WITH 25% DOWN. Great opportunity for your client who's been looking to secure a home with income in Burbank OR an investor who has good credit and the income but might not qualify for conventional financing. CALL LISTING AGENT TO DISCUSS TERMS.

Last Agent to Sell the Property

Thomas Masterani

Engel & Völkers Burbank License #00716502 Listed on: 11/20/2013

Engel & Völkers Burbank

Co-Listed By

Dan Sanchez

Engel & Völkers Burbank License #01258134

Last Buyer's Agent

James Dutra

Tri-County Real Estate Associates, Inc License #01484803

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,632 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • South Facing Home
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,927 Sq Ft Home
  • Wood Frame Window
  • Living Room with Fireplace
  • Mountain Views
  • Ceramic Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3102
  • Assessor Parcel Number 2455026003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,004
  • Maintenance Expense $685
  • Other Expense $6,281
  • Supplies Expense $15
  • Water Sewer Expense $864
  • New Taxes Expense $8,100
  • Gross Income $3,100
  • Net Operating Income $26,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: stoves
  • Improvements Percent: 44.10
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 15.00
  • View: Yes
  • Water Sewer Expenses: 864.00
  • Zoning: BUR4
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 2455026003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters, Tile Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 352.88
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Other Structures: Two On A Lot
  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Floor Furnace, Natural Gas
  • Laundry Features: Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Land Value Percent: 55.90
  • Lot Features: Back Yard, Front Yard, Level, Rectangular Lot, Lot 6500-9999, Level with Street, Paved, Near Public Transit
  • Lot Size Sq Ft: 7632.00
  • Lot Size Acres: 0.1750

Multi Family

  • Gross Income: 3100.00
  • Gross Multiplier: 18.15
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1004.00
  • Lot Size Area: 7632.0000 Square Feet
  • Maintenance Expense: 685.00
  • Net Operating Income: 26240.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10960.00
  • Other Expense: 6281.00
  • Other Expense Description: M & R
  • Rent Control: No
  • Total Actual Rent: 37200.00

Tax Info

  • New Taxes Expense: 8100.00
  • Tax Lot: 3
  • Tax Tract Number: 3102
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2013
Closed on
Dec 16, 2013
Sold by
Ramsey Ronald W and Ramsey Marilyn
Bought by
Manukyan Gary and Manukyan Liliya
Seller's Agent
Thomas Masterani
Engel & Völkers Burbank
Buyer's Agent
James Dutra
Tri-County Real Estate Associates, Inc
List Price
$675,000
Sold Price
$680,000
Premium/Discount to List
$5,000
0.74%
Current Estimated Value
$1,423,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,589
Avg. Annual Appreciation
6.35%
Original Mortgage
$510,000
Outstanding Balance
$384,917
Interest Rate
4.46%
Mortgage Type
Seller Take Back
Estimated Equity
$1,038,672
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Manukyan Gary $680,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manukyan Gary $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2014 01/17/14 Sold $680,000 +0.7% $353 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
11/20/2013 11/20/13 For Sale $675,000 -- $350 / 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 $9,274 $833,575 $502,599 $330,976
2024 $9,274 $817,232 $492,745 $324,487
2023 $9,177 $801,209 $483,084 $318,125
2022 $8,763 $785,500 $473,612 $311,888
2021 $8,726 $770,099 $464,326 $305,773
2020 $8,630 $762,203 $459,565 $302,638
2019 $8,375 $747,258 $450,554 $296,704
2018 $8,270 $732,607 $441,720 $290,887
2016 $7,852 $704,161 $424,568 $279,593
2015 $7,694 $693,585 $418,191 $275,394
2014 $1,920 $156,392 $87,429 $68,963
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Thomas Masterani

    Engel & Völkers Burbank

    (818) 843-7100

    5 in this area

    21 Total Sales

    Thomas Masterani
    Section Image
  • Dan Sanchez

    Seller Co-Listing Agent in 2014

    Dan Sanchez

    Engel & Völkers Burbank

    (818) 730-2361

    7 in this area

    45 Total Sales

    Dan Sanchez
    Section Image

  • J

    Buyer's Agent in 2014

    James Dutra

    Tri-County Real Estate Associates, Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB13237484

California Regional Multiple Listing Service (CRMLS)

APN: 2455-026-003

California Los Angeles County Burbank 91501 Hillside District

633 E Orange Grove Ave Unit A, Burbank, CA

Not Listed for Sale

MultiFamily

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes