NOT LISTED FOR SALE

723 E Angeleno Ave Burbank, CA 91501

Hillside District Neighborhood
2 Beds
1 Bath
4,384 Sq Ft
7,674 Sq Ft Lot

Last Sold May 05, 2017

Last sale price $1,650,000 $376 Per Sq Ft

12 Days on Market

About This Home

As of May 2017

We are proud to represent the pride of ownership five unit non-rent control apartment building located above Glenoaks Blvd. in Burbank
within walking distance of Downtown Burbank's shopping, restaurants and AMC movie complex.
The property is located in an excellent location of Burbank were properties rarely become available. Angeleno Street is considered one of the best streets in Burbank. The building is a total of 4,384 square feet and is situated on a large 7,673 square foot lot. The units include (5) two bedroom one bath units and was built in 1960.
This building is very well maintained and upgraded. Three of the units have been remodeled with new bathrooms, granite counter tops in the kitchen and tankless water heaters. Tenants enjoy private balconies or patios and enclosed garages. Two units have new wood flooring and carpet. The rents are below market and Burbank is not subject to rent control. The city of Burbank is a highly desirable rental market and is known as the media capital of the world which is home to Disney Studios, Warner Brothers, Nickelodeon and NBC. The city has 80 different restaurants, 30 movie screens, and 200 shops. Residents enjoy top ranked schools, easy access to the 5 and 134 freeway, and close proximity to the Burbank Metro link. The building
is fully occupied and is separately metered for gas and electricity.
An astute investor will take advantage of historical low interest rates and the dramatically increasing rental market.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 03/10/2017

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 03/10/2017

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,674 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,384 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 3102
  • Assessor Parcel Number 2455017009

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,753
  • Water Sewer Expense $2,500
  • New Taxes Expense $21,250
  • Operating Expense $29,703
  • Gross Income $85,008
  • Net Operating Income $55,305

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: BUR3*
  • Property Type: Residential Income
  • Parcel Number: 2455017009
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 376.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7674.00

Multi Family

  • Gross Income: 85008.00
  • Gross Scheduled Income: 85008.00
  • Insurance Expense: 1753.00
  • Net Operating Income: 55305.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29703.00
  • Rent Control: No
  • Total Expenses: 29703.00

Tax Info

  • New Taxes Expense: 21250.00
  • Tax Census Tract: 3102.02
  • Tax Lot: 9
  • Tax Tract Number: 3102

Range of Values:

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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 Change Sq Ft Price
05/05/2017 05/05/17 Sold $1,650,000 -2.9% $376 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $1,700,000 -- $388 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2017

    Cindy Hill

    Equity Union

    (818) 640-8360

    7 in this area

    76 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17049400

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Burbank 91501 Hillside District

723 E Angeleno Ave, Burbank, CA

This home is located at 723 E Angeleno Ave, Burbank, CA 91501 since 10 March 2017. This property was built in 1960. 723 E Angeleno Ave is a home located in Los Angeles County with nearby schools including Joaquin Miller Elementary School, John Muir Middle School, and Burbank High School.

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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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