NOT LISTED FOR SALE

923 E Magnolia Blvd Burbank, CA 91501

Hillside District Neighborhood

Estimated Value: $2,152,000 - $2,703,000

5 Beds
4 Baths
3,181 Sq Ft
$762/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $2,400,000 $754 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $13,032/month

6 Days on Market

Highlights

  • Primary Bedroom Suite
  • View of Hills
  • Double Shower
  • Ralph Emerson Elementary School Rated A-
  • Family Room with Fireplace
  • Marble Flooring

About This Home

As of October 2023

*APPROVED ADU PLANS/PERMITS & HISTORICAL HOME TAX SAVINGS* This one-of-a-kind home is one of only 7 privately owned, landmarked homes in the City of Burbank. This Tudor Revival-style home was built in 1927 and went through a total renovation and two-story addition in 2018. The property holds 5 bedrooms, 4 baths within 3,181 square feet. This custom-built home features high-pitched ceilings/roof, bamboo hardwood floors, custom built-in cabinetry in all bedrooms, a wet bar, new windows, quartz countertops, a master suite, and a balcony with views overseeing Burbank. The home is in one of the most desirable neighborhoods in Burbank and features a 7,448-square-foot lot which makes it perfect for a family. In addition, owner has APPROVED ADU PLANS AND PERMITS to convert the garage into a 291 square foot studio ADU. The permits have already been paid for and is ready to build. A big bonus of this house is that this property is landmarked Historical in the City of Burbank and is part of the Mills Act program. The Mills Act program and work plan automatically transfer to the new owners upon sale. The current owners receive a 50% reduction on property taxes. The Mills Act consists of upholding to a 10-year work plan created by the owner. Due to this designation, no alterations can be done to the front facade of the home nor the concrete vault in the backyard.

Last Agent to Sell the Property

Erika De Leon

The Core Agency License #02174115 Listed on: 07/10/2023

Last Buyer's Agent

Randelle Green

Green Mile Properties Inc. License #01717315

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927 | Remodeled

Lot Details

  • 7,587 Sq Ft Lot
  • Lot Dimensions are 50x152
  • East Facing Home
  • Fenced Yard
  • Vinyl Fence
  • Block Wall Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Hillside Location
  • Lawn
  • Back and Front Yard
  • Historic Home
  • Property is zoned BUR1YY

Parking

  • 1 Car Detached Garage

Home Design

  • Tudor Architecture
  • Additions or Alterations
  • Raised Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 3,181 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Crown Molding
  • Cathedral Ceiling
  • Skylights
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Shutters
  • French Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Utility Room
  • Views of Hills

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Bamboo
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • 4 Full Bathrooms
  • Granite Bathroom Countertops
  • Double Vanity
  • Low Flow Toliet
  • Bathtub with Shower
  • Double Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan
  • Property is located within a water district
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2456-007-017

Home Details

Home Type

Single Family

Year Built

Built in 1927 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tudor
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Living Room
  • Living Area: 3181
  • Lot Acreage: 0.1742
  • Lot Dimensions: 50x152
  • Planned Urban Dev: 0
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Cathedral-Vaulted Ceilings, Built-Ins, Crown Moldings
  • Fireplace Rooms: Electric, Gas, Living Room, Family Room
  • Flooring: Bamboo, Marble
  • Appliances: Microwave, Gas/Electric Range
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Double Shower, Granite, Low Flow Toilet(s), Powder Room, Remodeled, Shower and Tub, Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Quartz Counters, Remodeled
  • Laundry: Inside, Laundry Area, Laundry Closet Stacked
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Water Line to Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 754.17
  • Windows: Double Pane Windows, Window Shutters, Skylights

Exterior Features

  • Direction Faces: East
  • Construction: Frame
  • Other Features: Balcony, Custom Built, High Ceilings (9 Feet+), French Doors, Energy Efficient, Historical, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Fence: Block, Vinyl, Privacy
  • Patio: Balcony, Covered Porch, Porch - Front, Porch - Rear, Screened Patio
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Garage: Detached
  • Total Parking: 4

Utilities

  • Volt 220: In Garage
  • Water Heater: Tankless
  • Cooling: Air Conditioning, Multi/Zone, Central
  • Heating: Central
  • Security: Fire Sprinklers, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District, Public, Meter on Property

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Front, Rear, Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 2456-007-017
  • Lot Description: Back Yard, Fenced Yard, Front Yard, Gutters, Landscaped, Lawn, Single Lot
  • Lot Location: Alley Access, Hillside
  • Lot Size Area: 7587

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2023
Sold by
De Leon Family Trust
Bought by
Rice Christina and Rice William L
Current Estimated Value
$2,326,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Interest Rate
7%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 16, 2015
Sold by
Deleon Roberto and De Leon Erika Marilyn
Bought by
Deleon Roberto and Deleon Erika Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 17, 2014
Sold by
Smoker Jack E
Bought by
Deleon Roberto and Sandoval Erika Marilyn
Seller's Agent
James Casey
Better Homes and Gardens Real Estate Town Center
Buyer's Agent
Reina Flores
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$599,900
Sold Price
$620,000
Premium/Discount to List
$20,100
3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$558,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2012
Sold by
Smoker Jack E
Bought by
Smoker Jack E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
2.49%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 16, 2012
Sold by
Smoker Jack E and Smoker Family Trust
Bought by
Smoker Jack E

Purchase Details

Closed on
Aug 25, 1998
Sold by
Smoker Jack E and Smoker Charlene
Bought by
Smoker Jack E and Smoker Charlene B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rice Christina $2,400,000 Wfg Title Company Of Californi
Deleon Roberto -- Orange Coast Title
Deleon Roberto $620,000 North American Title
Smoker Jack E -- Placer Title Company
Smoker Jack E -- Accommodation
Smoker Jack E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rice Christina $1,840,000
Previous Owner Deleon Roberto $556,000
Previous Owner Deleon Roberto $558,000
Previous Owner Smoker Jack E $682,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2023 10/12/23 Sold $2,400,000 0.0% $754 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $2,399,000 0.0% $754 / Sq Ft
01/13/2022 01/13/22 Rented $7,400 0.0% --
01/12/2022 01/12/22 Off Market $7,400 -- --
12/26/2021 12/26/21 Price Changed $7,400 -2.6% $2 / Sq Ft
12/20/2021 12/20/21 For Rent $7,600 0.0% --
07/17/2014 07/17/14 Sold $620,000 +3.4% $516 / Sq Ft View Prior Sale
06/11/2014 06/11/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $599,900 -- $499 / 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 $10,522 $945,202 $495,720 $449,482
2024 $10,522 $926,669 $486,000 $440,669
2023 $12,451 $1,092,733 $572,966 $519,767
2022 $10,179 $912,772 $435,200 $477,572
2021 $8,773 $773,355 $464,000 $309,355
2020 $8,763 $773,355 $464,000 $309,355
2019 $5,609 $491,015 $180,000 $311,015
2018 $4,995 $441,400 $185,000 $256,400
2016 $2,514 $220,000 $176,000 $44,000
2015 $6,837 $620,000 $496,000 $124,000
2014 $1,980 $175,319 $142,912 $32,407
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Erika De Leon

    The Core Agency

    (818) 252-9174

    2 in this area

    7 Total Sales

    Erika De Leon
    Section Image
  • Randelle Green

    Buyer's Agent in 2023

    Randelle Green

    Green Mile Properties Inc.

    (213) 254-7626

    1 in this area

    20 Total Sales

    Randelle Green
    Section Image

  • W

    Seller's Agent in 2022

    WENDY DE LEON

    Engel & Völkers Burbank

    (818) 567-9917

    1 in this area

    22 Total Sales

    WENDY DE LEON
    Section Image
  • Karen Van Ness

    Buyer's Agent in 2022

    Karen Van Ness

    eXp Realty of California, Inc.

    (858) 699-6409

    53 Total Sales

    Karen Van Ness
    Section Image

  • J

    Seller's Agent in 2014

    James Casey

    Better Homes and Gardens Real Estate Town Center

    Section Image

  • R

    Buyer's Agent in 2014

    Reina Flores

    BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    (818) 841-0330

    12 Total Sales

    Reina Flores
    Section Image
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Map

Source: The MLS

MLS Number: 23-287071

The MLS

APN: 2456-007-017

California Los Angeles County Burbank 91501 Hillside District

923 E Magnolia Blvd, Burbank, CA

Not Listed for Sale

Detached

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