$2,000,000
SOLD APR 14, 2025
9 Beds
8 Baths
4,421 Sq Ft
7,754 Sq Ft Lot

Recently Sold

$452 Per Sq Ft

7% Below List Price

2 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Neighborhood Views
  • Laundry Room
  • Joaquin Miller Elementary School Rated A-
  • Living Room
  • Turnkey

About This Home

As of April 2025

Nestled in the highly desirable Burbank Hills neighborhood, this well-maintained two-story building offers a rare investment opportunity. Comprising three spacious 2-bedroom, 2-bathroom units, and one large 3-bedroom, 2-bathroom unit, this property is perfect for both owner-occupants and investors alike.

Each unit is all-electric, with no gas, and the exterior of the building was recently painted, enhancing its curb appeal. The property offers both convenience and comfort, with one of the 2-bedroom, 2-bathroom units featuring a large den, a private garage, a generous outdoor patio space, and laundry in the private garage. The remaining units share a convenient community laundry area located in the carport.

Located in a peaceful, well-established neighborhood, this property is just minutes from local shopping, dining, and entertainment options. Whether you're looking for a great place to live or a solid addition to your investment portfolio, this Burbank Hills gem is a must-see!

Last Agent to Sell the Property

Bill Toth

First Class Real Estate Brokerage Phone: 818-434-2110 License #01023622 Listed on: 03/11/2025

Last Buyer's Agent

Haik Karapetian

Keller Williams R. E. Services License #02202552

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,754 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,421 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Bedrooms Down
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 16
  • Assessor Parcel Number 2455016007
  • $551 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,400
  • Insurance Expense $2,500
  • Trash Expense $1,170
  • Water Sewer Expense $1,170
  • Operating Expense $6,240
  • Net Operating Income $129,872

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1170.00
  • Zoning: BUR3*
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 2455016007
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 452.39
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community, In Carport
  • Sewer: Public Sewer
  • Trash Expense: 1170.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 7754.00
  • Lot Size Acres: 0.1780

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 136152.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7754.0000 Square Feet
  • Net Operating Income: 129872.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Patio: 2
  • Operating Expense: 6280.00
  • Rent Control: Yes
  • Total Expenses: 6240.00

Tax Info

  • Tax Block: 16
  • Tax Census Tract: 3102.02
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 551.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Mar 14, 2025
Sold by
Slow Roast Realty Llc
Bought by
731 East Tujunga Llc
Seller's Agent
Bill Toth
First Class Real Estate
Buyer's Agent
Haik Karapetian
Keller Williams R. E. Services
List Price
$2,149,000
Sold Price
$2,000,000
Premium/Discount to List
-$149,000
-6.93%
Views
31
Current Estimated Value
$2,068,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,912
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Dec 20, 2021
Sold by
Cease Karen and Levey John
Bought by
Slow Roast Realty Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Dickinson Robert S and Dickinson Gerri O
Bought by
Toth William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $2,000,000 Orange Coast Title Company
Grant Deed -- Provident Title
Grant Deed $1,070,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $749,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2025 04/14/25 Sold $2,000,000 -6.9% $452 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $2,149,000 -- $486 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,600 $1,491,472 $1,028,701 $462,771
2024 $16,600 $1,462,229 $1,008,531 $453,698
2023 $16,425 $1,433,558 $988,756 $444,802
2022 $15,687 $1,405,450 $969,369 $436,081
2021 $15,614 $1,377,893 $950,362 $427,531
2019 $14,987 $1,337,026 $922,175 $414,851
2018 $14,792 $1,310,811 $904,094 $406,717
2016 $14,033 $1,259,913 $868,988 $390,925
2015 $13,749 $1,240,988 $855,935 $385,053
2014 $13,723 $1,216,680 $839,169 $377,511
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25053164

California Regional Multiple Listing Service (CRMLS)

APN: 2455-016-007