Steve Julian
Luxury Collective
(747) 293-4987
169 Total Sales
2 in Hillside District
$1,125,000 Price Range
730 E Magnolia Blvd Burbank, CA 91501
Hillside District Neighborhood
3
Beds
2
Baths
3,592
Sq Ft
7,873
Sq Ft Lot
Highlights
- Mountain View
- Property is near public transit
- No HOA
- Ralph Emerson Elementary School Rated A-
- Private Yard
- Living Room Balcony
About This Home
As of July 2020First time on the market - EVER! Built by the Lamer family in 1959 and carefully maintained, this five-unit apartment building is ideally located in the prime and popular Burbank hillside area, just below Kenneth Road. It is convenient to everything Burbank has to offer, just a few short blocks from the Downtown area with its shopping, restaurants, theaters, etc. It's close to hiking trails, public transportation, the DeBell Golf course and a short drive to the Media District and all of the studios making it very attractive to tenants. All of the units are currently rented on month-to-month agreements. There are four large single-story one-bedroom units in the front building with screened front and rear doors and a spacious two-bedroom second floor unit located near the five-car carport at the rear of the property. The two-bedroom upper unit has a private balcony and views of the mountains and the valley. It would make an ideal owner's unit. All of the units have copper plumbing, dual glazed energy efficient windows, wall a/c units and wall heaters, carpet and vinyl flooring, a dishwasher, gas range with lights/fan hood, and garbage disposal. Four of the units have refrigerators provided by the Landlord. There is a community laundry room with coin operated machines providing additional income. The apartments are separately metered for gas and electric. Water is master metered. Exterior lighting and automatic sprinklers for the nicely landscaped front yard.
Last Agent to Sell the Property
EMPOWER Real Estate License #00716502 Listed on: 05/30/2020
Co-Listed By
Vicky Claussen
Dilbeck Real Estate License #01063232
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 7,873 Sq Ft Lot
- Lot Dimensions are 50x155
- Two or More Common Walls
- Rectangular Lot
- Level Lot
- Sprinklers on Timer
- Private Yard
- Front Yard
Property Views
- Mountain
- Valley
- Neighborhood
Home Design
- Property Attached
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 3,592 Sq Ft Home
- 2-Story Property
- Built-In Features
- Double Pane Windows
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Dishwasher
- Tile Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 5 Parking Spaces
- 5 Carport Spaces
- Parking Available
- Paved Parking
- Off-Street Parking
Outdoor Features
- Living Room Balcony
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Central Water Heater
- TV Antenna
Listing and Financial Details
- Tenant pays for electricity, gas, telephone, trash collection
- Legal Lot and Block 6 / 20
- Tax Tract Number 3102
- Assessor Parcel Number 2455032007
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $192
- Fuel Expense $1,152
- Gardener Expense $960
- Insurance Expense $1,539
- Maintenance Expense $4,802
- Pest Control $195
- Professional Management Expense $4,800
- Trash Expense $1,287
- Water Sewer Expense $1,287
- New Taxes Expense $21,540
- Operating Expense $37,754
- Gross Income $96,540
- Net Operating Income $58,786
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
May 30, 2020
Closed on
Jul 7, 2020
Sold by
Lamer Roger Charles and The Roger Charles Lamer Revoca
Bought by
Seller's Agent
Thomas Masterani
EMPOWER Real Estate
List Price
$1,795,000
Sold Price
$1,722,000
Premium/Discount to List
-$73,000
-4.07%
Purchase Details
Closed on
Jan 28, 2016
Sold by
Lamer Roger C
Bought by
Lamer Roger Charles and The Roger Charles Lamer Revocable Trust
Purchase Details
Closed on
Jan 15, 2016
Sold by
Lamer Roger C
Bought by
Lamer Roger C
Purchase Details
Closed on
Dec 31, 2015
Sold by
Lamer Roger C
Bought by
Lamer Roger C
Purchase Details
Closed on
Oct 16, 2001
Sold by
Lamer Eleanor Leigh and The Eleanor Leigh Lamer Surviv
Bought by
Lamer Eleanor L
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillside District, CA
-
Steve Julian
-
Leslie Cross
Leslie Cross
Townsquare Real Estate Partners Inc.
(626) 657-2932
28 Total Sales
1 in Hillside District
$920,000 Price
-
Angelo Fierro
Angelo Fierro
Compass
(213) 277-2416
62 Total Sales
1 in Hillside District
$1,305,000 Price
-
Barry Dantagnan
Barry Dantagnan
Coldwell Banker Realty
(877) 658-1365
132 Total Sales
1 in Hillside District
$1,495,000 Price
-
Brooke Dianich
Brooke Dianich
Keller Williams Luxury
(424) 842-2611
39 Total Sales
1 in Hillside District
$499,999 Price
-
Michelle Schwartz
Michelle Schwartz
The Agency
(424) 370-0581
91 Total Sales
1 in Hillside District
$2,477,000 Price
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 |
|---|---|---|---|
| $1,722,000 | Fidelity National Title Co | ||
| Lamer Roger Charles | -- | None Available | |
| Lamer Roger C | -- | None Available | |
| Lamer Roger C | -- | None Available | |
| Lamer Eleanor L | -- | -- |
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 |
|---|---|---|---|---|
| 07/22/2020 07/22/20 | Sold | $1,722,000 | -4.1% | $479 / Sq Ft |
| 06/28/2020 06/28/20 | Pending | -- | -- | -- |
| 05/30/2020 05/30/20 | For Sale | $1,795,000 | -- | $500 / 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 |
|---|---|---|---|---|
| 2026 | $21,587 | $1,901,224 | $764,022 | $1,137,202 |
| 2025 | $21,587 | $1,863,946 | $749,042 | $1,114,904 |
| 2024 | $20,942 | $1,827,399 | $734,355 | $1,093,044 |
| 2023 | $20,724 | $1,791,568 | $719,956 | $1,071,612 |
| 2022 | $19,803 | $1,756,440 | $705,840 | $1,050,600 |
| 2021 | $19,728 | $1,722,000 | $692,000 | $1,030,000 |
| 2020 | $2,273 | $133,946 | $43,461 | $90,485 |
| 2019 | $2,230 | $131,407 | $42,609 | $88,798 |
| 2018 | $2,097 | $128,918 | $41,774 | $87,144 |
| 2016 | $1,928 | $119,660 | $40,152 | $79,508 |
| 2015 | $1,901 | $117,863 | $39,549 | $78,314 |
| 2014 | $1,934 | $115,555 | $38,775 | $76,780 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Masterani
TM
Seller's Agent in 2020
Thomas Masterani
RE/MAX
(818) 843-7100
4 in this area
19 Total Sales
-
VC
Seller Co-Listing Agent in 2020
Vicky Claussen
Dilbeck Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB20103146
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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