NOT LISTED FOR SALE

731 E Orange Grove Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,458,000 - $1,771,000

4 Beds
4 Baths
2,631 Sq Ft
$608/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $1,500,000 $570 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,927/month

8 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Front Yard
  • Ralph Emerson Elementary School Rated A-
  • Rectangular Lot

About This Home

As of July 2022

Hurry on this well maintained 4 unit building, each with its own garage in prime Burbank location. Newer copper plumbing, windows, roof, water heaters. Building is 100% rented. Each unit is 1 bedroom, 1 bath with a total square footage of building 2,631 sq. ft. on a lot size of 7,724 sq. ft. Gross income is $69,033 year, total expenses = $22,642 (including repairs, excluding any loan) - Net income = $46,391 to present owner (minus any loan payments).

Last Agent to Sell the Property

The Begley Team

Berkshire Hathaway HomeServices California Properties License #01755604 Listed on: 06/28/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Christina Zastrow

NextHome Luxe Group License #01210464

NextHome Luxe Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 7,724 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • 2,631 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 5 / 19
  • Tax Tract Number 19
  • Assessor Parcel Number 2455025005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $162
  • Insurance Expense $1,013
  • Maintenance Expense $1,579
  • Other Expense $6,693
  • Professional Management Expense $400
  • Trash Expense $1,474
  • Water Sewer Expense $2,583
  • Operating Expense $20,798
  • Gross Income $69,033
  • Net Operating Income $48,235

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2583.00
  • Zoning: BUR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2455025005
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 570.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1474.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot, Level, Paved
  • Lot Size Sq Ft: 7724.00
  • Lot Size Acres: 0.1773

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 162.00
  • Gross Income: 69033.00
  • Gross Operating Income: 20798.00
  • Gross Scheduled Income: 69033.00
  • Insurance Expense: 1013.00
  • Lot Size Area: 7724.0000 Square Feet
  • Maintenance Expense: 1579.00
  • Net Operating Income: 48235.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Operating Expense: 20798.00
  • Other Expense: 6693.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Expenses: 20798.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 3102.01
  • Tax Lot: 5
  • Tax Tract Number: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2014
Sold by
Marquez Paul
Bought by
Marquez Paul and Marquez Tamar
Current Estimated Value
$1,634,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2014
Sold by
Marquez Paul
Bought by
Paul & Tamar Marquez Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2011
Sold by
Marquez Paul and Arazi Marquez Tamar
Bought by
Marquez Paul and Arazi Marquez Tamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2010
Sold by
Marquez Paul and Arazi-Marquez Tamar
Bought by
Paul And Tamar Marquez Trust and Marquez

Purchase Details

Closed on
Dec 28, 2009
Sold by
Marquez Tamar and Arazi Tamar
Bought by
Marquez Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1993
Sold by
Arazi Joan
Bought by
Arazi Tamar
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

Date Buyer Sale Price Title Company
Marquez Paul -- Consumers Title Company
Paul & Tamar Marquez Trust -- Consumers Title Company
Marquez Paul -- Consumers Title Company Of S
Marquez Paul -- Consumers Title Company Of S
Paul And Tamar Marquez Trust -- Consumers Title
Marquez Paul -- None Available
Marquez Paul -- None Available
Marquez Paul -- Pacific Coast Title
Arazi Tamar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquez Paul $442,000
Previous Owner Marquez Paul $403,000
Previous Owner Marquez Paul $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2022 07/22/22 Sold $1,500,000 -3.2% $570 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $1,550,000 -- $589 / 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 $17,194 $1,560,600 $936,360 $624,240
2024 $17,194 $1,530,000 $918,000 $612,000
2023 $17,011 $1,500,000 $900,000 $600,000
2022 $3,466 $285,135 $169,253 $115,882
2021 $3,438 $279,545 $165,935 $113,610
2020 $3,401 $276,680 $164,234 $112,446
2019 $3,308 $271,256 $161,014 $110,242
2018 $3,189 $265,938 $157,857 $108,081
2016 $3,006 $255,613 $151,728 $103,885
2015 $2,948 $251,774 $149,449 $102,325
2014 $2,967 $246,843 $146,522 $100,321
Source: Public Records

Agents Affiliated with this Home

  • The Begley Team

    Seller's Agent in 2022

    The Begley Team

    Berkshire Hathaway HomeServices California Properties

    (818) 368-0290

    1 in this area

    29 Total Sales

    The Begley Team
    Section Image
  • Christina Zastrow

    Buyer's Agent in 2022

    Christina Zastrow

    NextHome Luxe Group

    (818) 458-8998

    1 in this area

    20 Total Sales

    Christina Zastrow
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22140310

California Regional Multiple Listing Service (CRMLS)

APN: 2455-025-005

California Los Angeles County Burbank 91501 Hillside District

731 E Orange Grove Ave, Burbank, CA

Not Listed for Sale

MultiFamily

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