Seller's Agent in 2016
Filip Niculete
Marcus & Millichap
(818) 357-9525
102 Total Sales
703 E Providencia Ave Unit 105 Burbank, CA 91501
Hillside District Neighborhood
6
Beds
10
Baths
6,686
Sq Ft
6,098
Sq Ft Lot
Highlights
- 5 Car Garage
- Joaquin Miller Elementary School Rated A-
- 4-minute walk to Joaquin Miller Park
About This Home
As of October 2016We are pleased to present a ten unit apartment building located in Burbank, CA. This property is located in one ofthe most desirable pockets of Burbank, above Glenoaks Blvd and just minutes from Downtown Burbank, The Studios, and the Bob Hope Airport. Directly adjacent to Burbank are the NoHo arts district, Studio City, Toluca Lake, and Universal City, which all offer an abundance of entertainment and fine dining. Additionally, the property is situated right across the street from Joaquin Miller Elementary School. This location is ideal for a variety of tenants, from middle-class professionals to blue-collar workers. This building was constructed in 1924 and consists of six 1+1 units and four studios.It has been kept up well and still remains an attractive building. The property is non-rent control, which is important when investing in a city like Burbank which is expected to grow in the years to come. A stable tenant base with relatively higher incomes makes this a great investmen
Last Agent to Sell the Property
Marcus & Millichap License #01905352 Listed on: 07/13/2016
Last Buyer's Agent
Spartak Hovakimyan
New Era Properties License #01935820
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,285 Sq Ft Lot
Parking
- 5 Car Garage
Interior Spaces
- 6 Bedrooms
- 6,686 Sq Ft Home
- 2-Story Property
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 2455-001-018
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/19/2016 10/19/16 | Sold | $1,970,000 | -6.2% | $295 / Sq Ft |
| 10/07/2016 10/07/16 | Pending | -- | -- | -- |
| 09/21/2016 09/21/16 | Price Changed | $2,100,000 | -6.7% | $314 / Sq Ft |
| 07/24/2016 07/24/16 | For Sale | $2,250,000 | +14.2% | $337 / Sq Ft |
| 07/14/2016 07/14/16 | Off Market | $1,970,000 | -- | -- |
| 07/13/2016 07/13/16 | For Sale | $2,250,000 | -- | $337 / Sq Ft |
Source: The MLS
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 | $35,939 | $3,242,809 | $2,048,091 | $1,194,718 |
| 2024 | $35,939 | $3,179,226 | $2,007,933 | $1,171,293 |
| 2023 | $35,560 | $3,116,889 | $1,968,562 | $1,148,327 |
| 2022 | $33,962 | $3,055,774 | $1,929,963 | $1,125,811 |
| 2021 | $33,827 | $2,995,858 | $1,892,121 | $1,103,737 |
| 2019 | $32,467 | $2,912,250 | $1,836,000 | $1,076,250 |
| 2018 | $32,289 | $2,855,250 | $1,800,000 | $1,055,250 |
| 2017 | $22,530 | $1,970,000 | $790,000 | $1,180,000 |
| 2016 | $12,352 | $1,062,097 | $510,439 | $551,658 |
| 2015 | $12,113 | $1,046,144 | $502,772 | $543,372 |
| 2014 | $12,139 | $1,025,653 | $492,924 | $532,729 |
Source: Public Records
Agents Affiliated with this Home
-
Filip Niculete
-
S
Buyer's Agent in 2016
Spartak Hovakimyan
New Era Properties
Map
Source: The MLS
MLS Number: 16-143392
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