NOT LISTED FOR SALE

Estimated Value: $1,192,000 - $1,764,000

4 Beds
2 Baths
1,717 Sq Ft
$856/Sq Ft Est. Value

Last Sold November 10, 2015

Last sale price $818,000 $476 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $8,667/month

8 Days on Market

Highlights

  • Mountain View
  • 4 Car Garage
  • 1-Story Property
  • Joaquin Miller Elementary School Rated A-
  • Back Yard
  • 3-minute walk to Joaquin Miller Park

About This Home

As of November 2015

814 E. Elmwood Avenue is a non-rent control duplex that consists of two homes on one lot in prime Burbank, located just north of Glenoaks Blvd. on a quiet residential street in the Burbank Hillside District. The 1,717 SF duplex sits on a large 10,887 SF lot and each home has 2 bedrooms and 1 bathroom, plus a private yard with drought resistant landscaping! Providing plenty of parking on site, each home has a detached garage and space for additional parking. Both homes also have in unit washer and dryer hookups. Built in 1940, there is a new roof and sewer line per the seller. Ideal for either an owner-user or investor, both tenants are currently on a month to month lease. The Elmwood Avenue duplex is just blocks to Joaquin Miller Park & Elementary School and near the delicious Granville Caf, The Castaway and all that Burbank has to offer. With very little inventory in the area, this is a unique opportunity to own a residential income property on a nice street in Burbank!

Last Agent to Sell the Property

Robyn Bolden

Forward Inglewood, Inc. License #01941643 Listed on: 10/09/2015

Co-Listed By

Dana Coronado

Compass License #01746702

Last Buyer's Agent

Robyn Bolden

Forward Inglewood, Inc. License #01941643 Listed on: 10/09/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,723

Year Built

  • Built in 1940

Lot Details

  • 10,888 Sq Ft Lot
  • Back Yard

Parking

  • 4 Car Garage

Interior Spaces

  • 1,717 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5620-022-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,723

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1717
  • Probate: No
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 471.75

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Wall

Fee Information

  • Insurance Expense: 859.00
  • Trash Expense: 114.00

Lot Info

  • Assessed Improvement Value: 39959
  • Assessed Land Value: 37513
  • Assessor Parcel Number: 5620-022-001
  • Geocode Override: No
  • Lot Description: Back Yard
  • Lot Size Area: 10888

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 0
  • Total Annual Expense: 15207
  • Type Of Units: 2 Br + 1 Ba
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 10125.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2015
Closed on
Nov 8, 2015
Sold by
Klein Phillip R and Klein Robert A
Bought by
Klein Phillip R and Klein Robert A
Seller's Agent
Robyn Bolden
Forward Inglewood, Inc.
Buyer's Agent
Robyn Bolden
Forward Inglewood, Inc.
List Price
$810,000
Sold Price
$818,000
Premium/Discount to List
$8,000
0.99%
Current Estimated Value
$1,470,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,439
Avg. Annual Appreciation
6.06%

Purchase Details

Listed on
Oct 9, 2015
Closed on
Nov 5, 2015
Sold by
Klein Phillip R and Klein Robert A
Bought by
Levon Mouradian and Levon Anita Mouradian
Seller's Agent
Robyn Bolden
Forward Inglewood, Inc.
Buyer's Agent
Robyn Bolden
Forward Inglewood, Inc.
List Price
$810,000
Sold Price
$818,000
Premium/Discount to List
$8,000
0.99%
Source: Public Records

Range of Values:

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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
Klein Phillip R -- None Available
Levon Mouradian $818,000 Lawyers Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2015 11/10/15 Sold $818,000 +1.0% $476 / Sq Ft
10/17/2015 10/17/15 Pending -- -- --
10/09/2015 10/09/15 For Sale $810,000 -- $472 / Sq Ft
Source: The MLS

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 $10,723 $968,338 $710,274 $258,064
2024 $10,723 $949,352 $696,348 $253,004
2023 $10,609 $930,739 $682,695 $248,044
2022 $10,130 $912,490 $669,309 $243,181
2021 $10,091 $894,599 $656,186 $238,413
2020 $9,981 $885,427 $649,458 $235,969
2019 $9,684 $868,067 $636,724 $231,343
2018 $9,551 $851,047 $624,240 $226,807
2016 $9,893 $818,000 $600,000 $218,000
2015 $995 $77,472 $37,513 $39,959
2014 $1,009 $75,956 $36,779 $39,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-948843

The MLS

APN: 5620-022-001