NOT LISTED FOR SALE

Estimated Value: $1,210,000 - $1,735,976

4 Beds
2 Baths
1,380 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $730,000 $529 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,429/month

10 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Neighborhood Views
  • Dolores Huerta Middle School Rated A-
  • Private Yard
  • Beamed Ceilings

About This Home

As of July 2017

Delightful Burbank Duplex: 2+1 Front House and 2+1 Back House. Front House Includes Low Maintenance Front Yard and Sitting Patio Area, Welcoming Open Formal Living Room/Dining Room Combo and Friendly Eat In Kitchen with Tile Counters. Covered Back Patio Area, Big Back Parking Pad, Multiple Patio Areas and 2 Car Detached Garage with Convenient Half Bathroom, Workbench and Laundry Hook Ups. 2 Bedroom 1 Bathroom Back House Includes: Front Covered Patio Area, Open Living Room : Kitchenette, Dining Area with Nice Size Private Back Yard and Side Storage Area with Work Shed. Opportunity is Knocking!

Last Agent to Sell the Property

David Fogg

Keller Williams Realty World Media Center License #01149065 Listed on: 06/06/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,736 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Wood Fence
  • Block Wall Fence
  • Fence is in excellent condition
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking
  • Deeded Parking

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • Beamed Ceilings
  • Living Room
  • Wood Flooring
  • Neighborhood Views
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Additional Features

  • Doors are 32 inches wide or more
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 34
  • Tax Tract Number 6259
  • Assessor Parcel Number 2481006020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $1,440
  • New Taxes Expense $9,362
  • Operating Expense $12,902
  • Net Operating Income $17,098

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: BUR2*
  • Architectural Style: Traditional
  • Property Sub Type: Deeded Parking
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2481006020
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Door Features: Mirror Closet Door(s)
  • Levels: One
  • Room Type: Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Vinyl, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Driveway, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 6736.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 17098.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12902.00
  • Rent Control: No
  • Total Actual Rent: 2500.00
  • Total Expenses: 12902.00

Tax Info

  • New Taxes Expense: 9362.00
  • Tax Census Tract: 3114.00
  • Tax Lot: 34
  • Tax Tract Number: 6259

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2020
Sold by
Velasquez Daniel and Velasquez Carina
Bought by
Stone Michael Franklin and The Michael Franklin Stone Liv
Current Estimated Value
$1,392,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,250
Outstanding Balance
$536,236
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$856,758

Purchase Details

Listed on
Jun 6, 2017
Closed on
Jun 21, 2017
Sold by
Cubeta Judith C and Cantella Vincent
Bought by
Velasquez Daniel and Matosian Carina
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
List Price
$749,000
Sold Price
$730,000
Premium/Discount to List
-$19,000
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$424,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stone Michael Franklin $1,130,000 Stewart Title
Velasquez Daniel $730,000 Wfg Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Michael Franklin $604,250
Previous Owner Velasquez Daniel $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $730,000 -2.5% $529 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
06/06/2017 06/06/17 For Sale $749,000 -- $543 / 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 $13,828 $1,257,688 $754,613 $503,075
2024 $13,828 $1,233,028 $739,817 $493,211
2023 $13,680 $1,208,852 $725,311 $483,541
2022 $13,060 $1,185,150 $711,090 $474,060
2021 $13,016 $1,161,913 $697,148 $464,765
2020 $8,596 $759,492 $520,200 $239,292
2019 $8,343 $744,600 $510,000 $234,600
2018 $8,180 $730,000 $500,000 $230,000
2016 $2,378 $207,028 $121,151 $85,877
2015 $2,332 $203,920 $119,332 $84,588
2014 $2,339 $199,927 $116,995 $82,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17126944

California Regional Multiple Listing Service (CRMLS)

APN: 2481-006-020