NOT LISTED FOR SALE

732 E Cedar Ave Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $1,034,000 - $1,235,000

3 Beds
2 Baths
1,438 Sq Ft
$805/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $1,079,000 $750 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,125/month

Highlights

  • Laundry Room
  • Front Yard
  • 1-minute walk to Joaquin Miller Park
  • Joaquin Miller Elementary School Rated A-
  • 1-Story Property

About This Home

As of November 2023

2 homes on 1 lot in a highly desired location on the Burbank Hill. This is a wonderful investment opportunity for the savvy investor or for an owner occupant and maybe even a multi-generational Family. Front home, addressed as 734 E. Cedar, is 2 bedrooms & 1 bath with an attached 1 car garage. Inviting porch entry to a living room and dining area. The Kitchen has an attached laundry/pantry space with convenient access to the private backyard. Rear home, addressed as 732 E. Cedar, is 1 bedroom & 1 bath with a den that can be the 2nd Bedroom. In-unit laundry hookup. Driveway entry and again a private patio and yard space. Separate large Bonus Room and 1 Carport space. Conveniently located to Freeway access, Shops, Schools and local amenities.

Last Agent to Sell the Property

Robert Kurdyan

Keller Williams Realty World Media Center License #01493532 Listed on: 10/23/2023

Keller Williams Realty World Media Center

Last Buyer's Agent

Robert Kurdyan

Keller Williams Realty World Media Center License #01493532 Listed on: 10/23/2023

Keller Williams Realty World Media Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,093

Year Built

  • Built in 1923

Lot Details

  • 7,054 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,438 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2523
  • Assessor Parcel Number 5621020064

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,558
  • New Taxes Expense $13,488
  • Operating Expense $16,246
  • Gross Income $56,400
  • Net Operating Income $40,154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,093

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: Information
  • Other Phone Number: 818-533-1525
  • Price Per Unit: 539500
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5621020064
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 750.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7054.00
  • Lot Size Acres: 0.1619
  • Latitude Manual: 34.18310000

Multi Family

  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1558.00
  • Lot Size Area: 7054.0000 Square Feet
  • Net Operating Income: 40154.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 16246.00
  • Rent Control: Yes
  • Total Expenses: 16246.00

Tax Info

  • New Taxes Expense: 13488.00
  • Tax Lot: 4
  • Tax Tract Number: 2523

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2023
Closed on
Nov 2, 2023
Sold by
Tahmasian Arcineh
Bought by
Mardusian Armen
Seller's Agent
Robert Kurdyan
Keller Williams Realty World Media Center
Buyer's Agent
Robert Kurdyan
Keller Williams Realty World Media Center
List Price
$1,079,000
Sold Price
$1,079,000
Views
14
Current Estimated Value
$1,157,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,103
Avg. Annual Appreciation
3.71%
Original Mortgage
$647,400
Outstanding Balance
$635,533
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$521,570

Purchase Details

Listed on
Oct 23, 2023
Closed on
Oct 26, 2023
Sold by
Kirkman Gary G and Kirkman Carol L
Bought by
Mardusian Armen
Seller's Agent
Robert Kurdyan
Keller Williams Realty World Media Center
Buyer's Agent
Robert Kurdyan
Keller Williams Realty World Media Center
List Price
$1,079,000
Sold Price
$1,079,000
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,400
Outstanding Balance
$635,533
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$521,570

Purchase Details

Closed on
Nov 23, 2004
Sold by
Kirkman Gary G
Bought by
Kirkman Gary G and Kirkman Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 1998
Sold by
Kirkman Gary G
Bought by
Kirkman Gary G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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
Mardusian Armen -- Chicago Title Company
Mardusian Armen $1,079,000 Chicago Title Company
Kirkman Gary G -- Landsafe Title
Kirkman Gary G -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mardusian Armen $647,400
Previous Owner Kirkman Gary G $175,000
Previous Owner Kirkman Gary G $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $1,079,000 0.0% $750 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $1,079,000 -- $750 / 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 $12,093 $1,100,580 $816,000 $284,580
2024 $12,093 $1,079,000 $800,000 $279,000
2023 $1,035 $70,865 $39,555 $31,310
2022 $993 $69,477 $38,780 $30,697
2021 $980 $68,116 $38,020 $30,096
2020 $968 $67,419 $37,631 $29,788
2019 $946 $66,098 $36,894 $29,204
2018 $862 $64,803 $36,171 $28,632
2016 $802 $62,288 $34,767 $27,521
2015 $788 $61,353 $34,245 $27,108
2014 $802 $60,152 $33,575 $26,577
Source: Public Records

Agents Affiliated with this Home

  • Robert Kurdyan

    Seller's Agent in 2023

    Robert Kurdyan

    Keller Williams Realty World Media Center

    (818) 239-1275

    9 in this area

    29 Total Sales

    Robert Kurdyan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23194795

California Regional Multiple Listing Service (CRMLS)

APN: 5621-020-064

California Los Angeles County Burbank 91501 Hillside District

732 E Cedar Ave, Burbank, CA

This home is located at 732 E Cedar Ave, Burbank, CA 91501 since 23 October 2023 and is currently estimated at $1,157,103, approximately $804 per square foot. This property was built in 1923. 732 E Cedar 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.

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.

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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