NOT LISTED FOR SALE
10 Beds
2 Baths
5,666 Sq Ft
6,347 Sq Ft Lot

Sale Details

Date Sold: April 24, 2015

Last sale price $1,610,000 $284 Per Sq Ft

4 Days on Market

Highlights

  • Rooftop Deck
  • Traditional Architecture
  • Balcony
  • Joaquin Miller Elementary School Rated A-
  • Enclosed Patio or Porch
  • 4 Car Attached Garage

About This Home

As of April 2015

Rare opportunity to own a unique 5 Unit Burbank apartment building in a quiet, prime location above Glenoaks with no rent control and huge rentalupside! Some of the features & recent upgrades include copper plumbing, roof rain gutters, garage space for each unit with automatic openers & storage space, security windows/doors, Laundry Room Coin Opt, newer dryer 100 gal H20 heater, newer H20 building regulator and aluminum coating on roof. Low maintenance grounds with automatic outside landscape /courtesy lighting, outside electrical 110, automatic sprinklers, H20 tolerant plants and mature shade trees. All units are large with a minimum of 2+1.5 baths. Owners unit is 2+2 w/ 1,750 s.f., fireplace and huge outdoor deck. Secondary front unit is 2BR/2.5BA, Townhouse style with an upstairs and 1.700 s.f. All units have great storage and closet space. Laundry room with owned machines generates additional income.

Last Agent to Sell the Property

Craig Strong

Compass License #01450987 Listed on: 04/06/2015

Compass

Co-Listed By

Tina Smith

Sotheby's International Realty License #01397596

Last Buyer's Agent

Craig Strong

Compass License #01450987 Listed on: 04/06/2015

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,347 Sq Ft Lot
  • Front and Side Yard Sprinklers

Parking

  • 4 Car Attached Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,666 Sq Ft Home
  • Built-In Features
  • Bay Window

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 2 Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Enclosed Patio or Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Property is located within a water district
  • Water Heater
  • Sewer in Street

Community Details

  • 5 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5621-026-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

6,347 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 5666
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 282.39
  • Windows: Bay Window

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Patio: Covered, Covered Porch, Deck(s), Enclosed, Roof Top Deck
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Garage - 4+ Car, Garage Is Attached
  • Total Parking: 5

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Wall/Window
  • Heating: Electric
  • Security: Exterior Security Lights, Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Expense: 1500.00

Fee Information

  • Insurance Expense: 2790.00
  • Maintenance Expense: 6948.00
  • Trash Expense: 1800.00

Lot Info

  • Sprinklers: Front, Side, Sprinkler System, Sprinkler Timer
  • Assessed Improvement Value: 483260
  • Assessed Land Value: 881242
  • Assessor Parcel Number: 5621-026-014
  • Geocode Override: No
  • Lot Size Area: 6347

Rental Info

  • Total Actual Rent: 91800.00
  • Monthly Gross Income: 7650.00
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 17.20
  • Gross Scheduled Income: 91800.00
  • Number Of Units: 5
  • Rent Control: NO
  • Type Of Units: Multi-Res

Tax Info

  • Tax Expense: 15634.00

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
Apr 6, 2015
Closed on
Apr 20, 2015
Sold by
Montgomery Gary J and Montgomery Nancy Jay
Bought by
Seller's Agent
Craig Strong
Compass
Buyer's Agent
Craig Strong
Compass
List Price
$1,600,000
Sold Price
$1,610,000
Premium/Discount to List
$10,000
0.62%

Purchase Details

Closed on
Apr 15, 2005
Sold by
Montgomery Gary and Montgomery Nancy
Bought by
Montgomery Gary J and Montgomery Nancy Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2005
Sold by
Caspar Management Co Llc
Bought by
Mehterian Hampar and Mehterian Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2005
Sold by
Smestad Kai Roger and Smestad Susan Ellen
Bought by
Montgomery Gary and Montgomery Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2001
Sold by
Smestad Susan E and Cascio Living Trust
Bought by
Smestad Kai Roger and Smestad Susan Ellen
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,610,000 Equity Title Company
Montgomery Gary J -- --
Mehterian Hampar $2,405,000 Fidelity National Title
Montgomery Gary $1,200,000 First American Title Ins Co
Smestad Kai Roger -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,000,000
Previous Owner Mehterian Hampar $1,475,000
Previous Owner Montgomery Gary $780,000
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
04/24/2015 04/24/15 Sold $1,610,000 +0.6% $284 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $1,600,000 -- $282 / Sq Ft
Source: The MLS

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 $22,507 $1,973,670 $1,189,105 $784,565
2025 $22,507 $1,934,972 $1,165,790 $769,182
2024 $21,790 $1,897,032 $1,142,932 $754,100
2023 $21,564 $1,859,836 $1,120,522 $739,314
2022 $20,606 $1,823,369 $1,098,551 $724,818
2021 $20,513 $1,787,617 $1,077,011 $710,606
2019 $19,699 $1,739,897 $1,045,067 $694,830
2018 $19,561 $1,705,886 $1,024,576 $681,310
2016 $18,532 $1,634,552 $984,792 $649,760
2015 $15,797 $1,391,764 $898,849 $492,915
2014 $15,771 $1,364,502 $881,242 $483,260
Source: Public Records

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Map

Source: The MLS

MLS Number: 15-893995

The MLS
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