NOT LISTED FOR SALE
6 Beds
5 Baths
9,408 Sq Ft
8,133 Sq Ft Lot

Last Sold August 31, 2021

Last sale price $3,010,000 $320 Per Sq Ft

Highlights

  • Laundry Room
  • Rectangular Lot
  • Radiant Heating System
  • Ralph Emerson Elementary School Rated A-

About This Home

As of August 2021

We are proud to represent this 9-unit apartment building located above Glenoaks Blvd in Burbank.

The building was constructed in 1963. Its unit mix consists of (2) one-bedroom, one-bathroom units, (5) two-bedroom, two-bathroom units, and (2) three-bedroom, two-bathroom units. With a lot size of 8,159 square feet, the property has a total of 9,408 rentable square feet. Tenants enjoy exceptionally large units and spacious balconies. The building has been well maintained by a long term owner.

The property is located in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link.

The property is separately metered for electricity. The building is an all electric building.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 06/16/2021

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 06/16/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,133 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Apartment

Interior Spaces

  • 9,408 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location
  • Suburban Location

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 5282
  • Assessor Parcel Number 2459001037

Community Details

Overview

  • 9 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $800
  • Insurance Expense $7,000
  • Trash Expense $1,700
  • Water Sewer Expense $1,300
  • Operating Expense $51,815
  • Gross Income $170,700
  • Net Operating Income $115,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1300.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Parcel Number: 2459001037
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 319.94

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8133.00
  • Lot Size Acres: 0.1867

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 170700.00
  • Gross Scheduled Income: 170700.00
  • Insurance Expense: 7000.00
  • Lot Size Area: 8133.0000 Square Feet
  • Net Operating Income: 115264.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 51815.00
  • Rent Control: No
  • Total Expenses: 51815.00

Tax Info

  • Tax Census Tract: 3102.01
  • Tax Lot: 37
  • Tax Tract Number: 5282
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $3,010,000 0.0% $320 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $3,010,000 -- $320 / 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 $35,652 $3,194,235 $1,284,061 $1,910,174
2024 $35,652 $3,131,604 $1,258,884 $1,872,720
2023 $35,278 $3,070,200 $1,234,200 $1,836,000
2022 $33,702 $3,010,000 $1,210,000 $1,800,000
2021 $4,745 $323,850 $45,270 $278,580
2020 $4,695 $320,530 $44,806 $275,724
2019 $4,588 $314,246 $43,928 $270,318
2018 $4,422 $308,085 $43,067 $265,018
2016 $4,069 $296,124 $41,396 $254,728
2015 $4,002 $291,677 $40,775 $250,902
2014 $4,055 $285,965 $39,977 $245,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21130822

California Regional Multiple Listing Service (CRMLS)
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