Seller's Agent in 2017
Cindy Hill
Equity Union
(818) 640-8360
7 in this area
76 Total Sales
723 E Angeleno Ave Burbank, CA 91501
Hillside District Neighborhood
2
Beds
1
Bath
4,384
Sq Ft
7,674
Sq Ft Lot
About This Home
As of May 2017We 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.
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
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
Mar 10, 2017
Closed on
Apr 25, 2017
Sold by
Bought by
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%
Purchase Details
Closed on
Mar 29, 2012
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 2011
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
$1,000
Interest Rate
0.0391%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 13, 2006
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
$597,000
Interest Rate
0.0615%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 10, 2003
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
$420,000
Interest Rate
0.0554%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 6, 2003
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
$420,000
Interest Rate
0.0554%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,650,000 | California Members Title Ins | ||
| -- | None Available | ||
| $453,500 | Fidelity National Title Co | ||
| -- | Investors Title Company | ||
| -- | American Title Co | ||
| $640,000 | American Title Co |
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 | $1,000,000 | ||
| Closed | $250,000 | ||
| Previous Owner | $555,000 | ||
| Previous Owner | $1,000 | ||
| Previous Owner | $547,936 | ||
| Previous Owner | $597,000 | ||
| Previous Owner | $420,000 | ||
| Previous Owner | $235,750 |
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 |
|---|---|---|---|---|
| 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
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 | $22,199 | $1,914,962 | $765,985 | $1,148,977 |
| 2024 | $21,496 | $1,877,415 | $750,966 | $1,126,449 |
| 2023 | $21,272 | $1,840,604 | $736,242 | $1,104,362 |
| 2022 | $20,326 | $1,804,514 | $721,806 | $1,082,708 |
| 2021 | $20,243 | $1,769,132 | $707,653 | $1,061,479 |
| 2019 | $19,439 | $1,716,660 | $686,664 | $1,029,996 |
| 2018 | $19,248 | $1,683,000 | $673,200 | $1,009,800 |
| 2016 | $12,190 | $1,062,100 | $637,260 | $424,840 |
| 2015 | $11,951 | $1,046,147 | $627,688 | $418,459 |
| 2014 | $11,941 | $1,025,655 | $615,393 | $410,262 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Hill
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17049400
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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