NOT LISTED FOR SALE
7 Beds
10 Baths
6,686 Sq Ft
6,284 Sq Ft Lot

Sale Details

Date Sold: November 9, 2017

Last sale price $2,850,000 $426 Per Sq Ft

29 Days on Market

Highlights

  • Ceiling Fan
  • Joaquin Miller Elementary School Rated A-
  • 4-minute walk to Joaquin Miller Park

About This Home

As of November 2017

BACK ON THE MARKET --- Exclusively listed for sale is the non-rent controlled Providencia Apartment Building in a prime Burbank location above Glenoaks Boulevard. Built in 1924 and renovated this year, this architecturally charming, wood frame and stucco building consists of three studio units and seven one-bedroom units. The property also includes five individual garages currently rented as storage units, a laundry room and an attractively landscaped private outdoor common area for tenants. Renovations include new copper plumbing, new drains, new windows, exterior light fixtures, wood facade, new paint and landscaping. The roof appears to be in excellent condition. Each kitchen has been upgraded with white quartz kitchen counter tops, Shaker cabinets, vinyl flooring, new light fixtures and all new appliances. The bathrooms have been updated with new sink tops, toilets and tile walls. The units feature nine-foot ceilings.

Last Agent to Sell the Property

Barry Gordon

Marcus & Millichap License #00925711 Listed on: 08/15/2017

Last Buyer's Agent

Brenda Hernandez

License #01773726

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,284 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 6,686 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 2455-001-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

6,284 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6686
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan, Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 426.26

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 2455-001-018
  • Geocode Override: No
  • Lot Size Area: 6284

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 15.59
  • Number Of Units: 10
  • Rent Control: 0
  • Type Of Units: Multifamily

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

Listed on
Aug 15, 2017
Closed on
Nov 3, 2017
Sold by
Bought by
Seller's Agent
Barry Gordon
Marcus & Millichap
Buyer's Agent
Brenda Hernandez
List Price
$2,850,000
Sold Price
$2,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,372,867
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2016
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
$1,170,000
Interest Rate
3.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2016
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
$900,000
Interest Rate
3.62%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,850,000 Commonwealth Land Title Co
$1,970,000 Commonwealth Land Title
$1,500,000 Progressive Title
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 $1,680,000
Previous Owner $1,170,000
Previous Owner $900,000
Previous Owner $300,000
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
11/09/2017 11/09/17 Sold $2,850,000 0.0% $426 / Sq Ft
09/12/2017 09/12/17 For Sale $2,850,000 0.0% $426 / Sq Ft
09/11/2017 09/11/17 Off Market $2,850,000 -- --
08/15/2017 08/15/17 For Sale $2,850,000 -- $426 / Sq Ft
Source: The MLS

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 $37,090 $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

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Map

Source: The MLS

MLS Number: 17-265032

The MLS
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