NOT LISTED FOR SALE

721 E Magnolia Blvd Burbank, CA 91501

Hillside District Neighborhood
10 Beds
2 Baths
6,562 Sq Ft
7,412 Sq Ft Lot

Last Sold March 22, 2013

Last sale price $1,375,000 $210 Per Sq Ft

91 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ralph Emerson Elementary School Rated A-
  • Ceiling Fan

About This Home

As of March 2013

No rent control! Market rents should bring the gross income to $102,000! Fantastic opportunity to own a large (6,600 sq ft) apartment building north of Glenoaks with a huge owners units with dining room and washer and dryer and central a/c. First time on the market. Very low rents. Non rent control makes it easy to attain market rents immediately. All units are very large and the property is in great shape. Please do not disturb the tenants as they do not know it is for sale. Each unit has 2 covered parking and it has great curb appeal. Possible condo conversion. Please call for more info.

Last Agent to Sell the Property

Alex Galuz

Keller Williams Realty Calabasas License #01291486 Listed on: 11/19/2012

Keller Williams Realty Calabasas

Last Buyer's Agent

Frida Najarian

License #01759632

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,412

Parking

  • 10 Parking Spaces

Interior Spaces

  • 6,562 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 2 Bathrooms

Additional Features

  • 7,412 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 2455-033-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6562
  • Stories: 2
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 228.44

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 10

Utilities

  • Cooling: Central
  • Electric Expense: 1250.00
  • Heating: Central
  • Water Expense: 6000.00

Fee Information

  • Insurance Expense: 2500.00
  • Maintenance Expense: 5000.00
  • Trash Expense: 2000.00

Lot Info

  • Assessed Improvement Value: 503765
  • Assessed Land Value: 705271
  • Assessor Parcel Number: 2455-033-005
  • Lot Size Area: 7412

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.70
  • Number Of Units: 5
  • Rent Control: 0
  • Type Of Units: 2 bedrooms

Tax Info

  • Tax Expense: 17000.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2013 03/22/13 Sold $1,375,000 -8.3% $210 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
11/19/2012 11/19/12 For Sale $1,499,000 -- $228 / Sq Ft
Source: The MLS

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 $19,595 $1,723,987 $1,034,393 $689,594
2024 $19,595 $1,690,184 $1,014,111 $676,073
2023 $19,393 $1,657,044 $994,227 $662,817
2022 $18,539 $1,624,554 $974,733 $649,821
2021 $18,444 $1,592,701 $955,621 $637,080
2019 $17,718 $1,545,463 $927,278 $618,185
2018 $17,525 $1,515,161 $909,097 $606,064
2016 $16,580 $1,456,328 $873,797 $582,531
2015 $16,252 $1,434,453 $860,672 $573,781
2014 $16,224 $1,406,355 $843,813 $562,542
Source: Public Records

Agents Affiliated with this Home

  • Alex Galuz

    Seller's Agent in 2013

    Alex Galuz

    Keller Williams Realty Calabasas

    (310) 466-0888

    41 Total Sales

    Alex Galuz
    Section Image

  • F

    Buyer's Agent in 2013

    Frida Najarian

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Map

Source: The MLS

MLS Number: 12-636817

The MLS
California Los Angeles County Burbank 91501 Hillside District

721 E Magnolia Blvd, Burbank, CA

Not Listed for Sale

MultiFamily

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