NOT LISTED FOR SALE

856 N Screenland Dr Burbank, CA 91505

Magnolia Park Neighborhood

Estimated Value: $1,309,000 - $1,526,000

4 Beds
3 Baths
2,281 Sq Ft
$626/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $1,150,000 $504 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,956/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Dolores Huerta Middle School Rated A-
  • Bonus Room

About This Home

As of October 2021

Rare opportunity to own a Garden-style 3 Unit Income Property in highly-sought Magnolia Park Burbank! Front Unit is a charming traditional home with 2BR + bonus rec room. Rear unit is a classic 2-story duplex (each unit 1BR). This 3-unit income producer has great curb appeal on a street with many remodeled single family homes. Great dining and parks nearby too. Property offers a friendly shared courtyard with mature succulents, grassy lawns, and private gates. Stable longterm tenants that are high-quality paying and on time month-to-month. Upgrades include new floors and vanity in 2 of the units + new exterior door in front unit + newer hot water heaters + washer/dryer hookups. Newer masonry wall construction on south side. 2 Garages (4 total covered spots). Property currently generates $38,160 annual gross, but has upside potential to value add Priced according to annual gross, and pro-forma is $68,400 gross annual.Prime Burbank location, adjacent to all the studios (Disney, Warner Bros, etc), many places of business, and all the cool cafes and shops on Verdugo. Great opportunity and great price! Tenant occupied & Inside with Accepted Offer Only. Please inquire with listing office prior to submission.

Last Agent to Sell the Property

Rachel Hsieh

Keller Williams Realty Los Feliz License #01913428 Listed on: 08/12/2021

Keller Williams Realty Los Feliz

Last Buyer's Agent

Vardkes Bazikian

License #01173623

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,056

Year Built

  • Built in 1958

Lot Details

  • 6,637 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,281 Sq Ft Home
  • 2-Story Property
  • Bonus Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2480-012-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,056

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 2281
  • Lot Acreage: 0.1524
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 476.98

Exterior Features

  • Construction: Stucco
  • Other Structures: Accessory Bldgs
  • Foundation Details: Raised
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Combination

Lot Info

  • Assessed Improvement Percent: 49.06
  • Assessed Improvement Value: 220194
  • Assessed Land Percent: 50.94
  • Assessed Land Value: 228651
  • Total Assessed Value: 448845
  • Assessor Parcel Number: 2480-012-001
  • Lot Size Area: 6637

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 28.50
  • Number Of Units: 3
  • Total Annual Expense: 7870
  • Type Of Units: Triplex
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Oct 6, 2021
Sold by
Petrosyan Lida
Bought by
Khanyan Markar H
Seller's Agent
Rachel Hsieh
Keller Williams Realty Los Feliz
Buyer's Agent
Vardkes Bazikian
List Price
$1,088,000
Sold Price
$1,150,000
Premium/Discount to List
$62,000
5.7%
Current Estimated Value
$1,428,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,847
Avg. Annual Appreciation
4.79%
Original Mortgage
$600,000
Outstanding Balance
$548,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$829,998

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 13, 2021
Sold by
Fong Willy C and Fong Agnes W
Bought by
Khanyan Alexander and Khanyan Markar H
Seller's Agent
Rachel Hsieh
Keller Williams Realty Los Feliz
Buyer's Agent
Vardkes Bazikian
List Price
$1,088,000
Sold Price
$1,150,000
Premium/Discount to List
$62,000
5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$548,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$829,998

Purchase Details

Closed on
Nov 1, 2003
Sold by
Fong Willy C and Fong Agnes W
Bought by
Fong Willy C and Fong Agnes W
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
Khanyan Markar H -- Fidelity National Title Co
Khanyan Alexander $1,200,000 Fidelity National Title Co
Fong Willy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khanyan Alexander $600,000
Previous Owner Fong Eddy $197,000
Previous Owner Fong Willy C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $1,150,000 +5.7% $504 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,088,000 -- $477 / 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 $14,056 $1,273,448 $764,069 $509,379
2024 $14,056 $1,248,480 $749,088 $499,392
2023 $13,907 $1,224,000 $734,400 $489,600
2022 $13,278 $1,200,000 $720,000 $480,000
2021 $5,301 $453,494 $231,019 $222,475
2020 $5,243 $449,225 $228,651 $220,574
2019 $5,092 $440,425 $224,168 $216,257
2018 $4,970 $431,798 $219,773 $212,025
2016 $4,705 $414,668 $211,240 $203,428
2015 $4,612 $408,440 $208,067 $200,373
2014 $4,616 $400,440 $203,992 $196,448
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rachel Hsieh

    Keller Williams Realty Los Feliz

    Section Image

  • V

    Buyer's Agent in 2021

    Vardkes Bazikian

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Map

Source: The MLS

MLS Number: 21-771908

The MLS

APN: 2480-012-001

California Los Angeles County Burbank 91505 Magnolia Park

856 N Screenland Dr, Burbank, CA

This home is located at 856 N Screenland Dr, Burbank, CA 91505 since 12 August 2021 and is currently estimated at $1,428,847, approximately $626 per square foot. This property was built in 1958. 856 N Screenland Dr is a home located in Los Angeles County with nearby schools including Dolores Huerta Middle School, John Burroughs High School, and Burbank Montessori Academy.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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