NOT LISTED FOR SALE

703 S 6th St Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,270,000 - $1,511,942

3 Beds
3 Baths
1,710 Sq Ft
$819/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2018

Last sale price $1,050,000 $614 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,684 / mo

52 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • Floor Furnace
  • Joaquin Miller Elementary School Rated A-
  • Neighborhood Views
  • Front Yard

About This Home

As of August 2018

Triplex located in prime residential area. Well maintained and fully occupied. 3 units (1+1 each) with separate detached garages (off of Sixth Street).
Each unit is separately metered for electric and gas. Each unit has a separate address; 540 E. Cedar Ave. (corner of Cedar and Sixth), 703 S. Sixth Street, and 705 S. Sixth Street. All three unit homes are situated on a large 5,591 square foot lot above Glenoaks Boulevard, and is in close proximity to shopping, restaurants, entertainment, Burbank schools and services, hiking & biking trails, and a golf course. Upon submitting offer please submit verification of funds.

Last Agent to Sell the Property

John Gerro

JOHN M. GERRO License #00473175 Listed on: 06/12/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,591 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,710 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 112
  • Assessor Parcel Number 5621025007

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $928
  • Water Sewer Expense $2,760
  • Operating Expense $4,888
  • Gross Income $2,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

5,591 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2760.00
  • Zoning: BUR4*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5621025007
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 614.04

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 5591.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 2580.00
  • Gross Income: 2580.00
  • Gross Scheduled Income: 49440.00
  • Insurance Expense: 928.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 4888.00

Tax Info

  • Tax Census Tract: 3107.03
  • Tax Lot: 2
  • Tax Tract Number: 111.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 1, 2018
Sold by
Gerro John M
Bought by
Hamoui Fayez and Hamoui May
Seller's Agent
John Gerro
JOHN M. GERRO
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%
Current Estimated Value
$1,400,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,236
Avg. Annual Appreciation
3.75%

Purchase Details

Closed on
Apr 29, 1996
Sold by
Gerro Yvonne
Bought by
Gerro Yvonne and Gerro Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Hamoui Fayez $1,050,000 Stewart Title Company
Gerro Yvonne -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $1,050,000 -4.1% $614 / Sq Ft
08/03/2018 08/03/18 Pending -- -- --
07/18/2018 07/18/18 Price Changed $1,095,000 -4.8% $640 / Sq Ft
06/12/2018 06/12/18 For Sale $1,150,000 -- $673 / 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 $13,272 $1,171,289 $892,413 $278,876
2024 $12,879 $1,148,323 $874,915 $273,408
2023 $12,742 $1,125,808 $857,760 $268,048
2022 $12,163 $1,103,735 $840,942 $262,793
2021 $12,119 $1,082,094 $824,453 $257,641
2019 $11,628 $1,050,000 $800,000 $250,000
2018 $1,342 $105,577 $46,366 $59,211
2016 $1,257 $101,478 $44,566 $56,912
2015 $1,234 $99,955 $43,897 $56,058
2014 $1,252 $97,998 $43,038 $54,960
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Gerro

    JOHN M. GERRO

    (818) 840-0666

    3 Total Sales

    John Gerro
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18139709

California Regional Multiple Listing Service (CRMLS)

APN: 5621-025-007

California Los Angeles County Burbank 91501 Hillside District

703 S 6th St, Burbank, CA

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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

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