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724 E Magnolia Blvd, Burbank, CA 91501

$1,615,000

Last sold 02/14/2019 after 119 Days

4
bed
4
bath

House not for sale

About 724 E Magnolia Blvd

Property type House

Year built 1930

HOA fee $0/month

Lot size 7,484 Sqft

Property description

Excellent opportunity for the investor who has been searching for in-demand units in a prime Burbank hillside location, close to the Downtown area. Mom and Pop property that has been owned by the same family for more than 70 years. Detached single family home with all of its original character in the front and four units in the rear, all on month to month agreements. House has been owner-occupied and will be delivered vacant at close of escrow. Copper plumbing, upgraded electrical, and central heating and

Listed by

Listing Agent - Thomas

Listing Office - Dilbeck Real Estate

Source: San Diego MLS

MLS#BB18251307 • last updated 6 years ago

Movoto checked San Diego MLS for data 26 minutes ago

Overview
Cooling/AC	Central Forced Air
Levels/Style	2 Story
Status	SOLD
SubType	Res Income 2-4 Units
MLS #	BB18251307
Lot Size (SqFt)	7484
Year Built	1930

Exterior
Exterior	Stucco
Roof	Composition
Lot Desc	4, 000-7, 499 SF
Irrigation	Sprinklers

Amenities / Utilities
Water Heater	Gas
Water Source	Meter On Property
Pool Desc	N/K
Spa Desc	N/K

Location
View	Mountains/Hills
County	Los Angeles
APN	2455032009
Zoning	BUR3*
Directions	East On Magnolia Boulevard Just Below Kenneth Road

Multifamily Details
Unit 3: # Bedrooms	1
Unit 1: # Total Baths	1
Unit 2: # Total Baths	1
Unit 3: # Total Baths	1
Unit 4: # Total Baths	1
Unit 4: # Bedrooms	1
Unit 1: # Bedrooms	2
Unit 2: Actual Rent	1250
Unit 3: Actual Rent	1190
Unit 4: Actual Rent	1425
# of Units w/Refrigerator	5
Total # of Units	5
# of Units w/Washers	4
# of Units w/Range/Oven	5
# Units w/Cooling	4
Gross Rent Multiplier (Actual)	17.99
Gross Scheduled Income	91740

Lower your payment with the loan terms that fit you.

Feb 2019
Public Records
Feb 14, 2019 Sold
$1,615,000
Feb 2019
MLS # BB18251307
Feb 14, 2019 Sold
$1,615,000
Feb 14, 2019 Sold
$1,615,000 (-2.1%)
Jan 9, 2019 Pending
—
Dec 6, 2018 Listed
—
Nov 26, 2018 Pending
—
Oct 18, 2018 Listed
$1,650,000
Oct 18, 2018 Listed
$1,650,000

Year Property taxes Tax assessment
2024
$20,204 +1.1%

$1,769,859 +2.0%
2023
$19,994 +4.7%

$1,735,228
2022
$19,104 +0.4%

$1,735,228 +4.03%
2021
$19,032 +1.0%

$1,667,990 +1.03%
2020
$18,839 +872.7%

$1,650,925 +1325.32%
2018
$1,937

$115,828

724 E Magnolia Blvd
$1.61M
$519K
91501
$849K -26% y/y
Burbank
$1.09M -8% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
738 E Magnolia Blvd, Burbank, CA 91501	$1,447,000	2/2	1,126	0.03
333 N Kenneth Rd, Burbank, CA 91501	$1,240,000	2/2	806	0.03
800 E Magnolia Blvd, Burbank, CA 91501	$1,488,000	2/2	1,424	0.05
719 E Magnolia Blvd, Burbank, CA 91501	$1,242,000	3/1	1,176	0.05
806 E Magnolia Blvd, Burbank, CA 91501	$1,621,000	3/2	2,054	0.06
803 E Magnolia Blvd, Burbank, CA 91501	$2,525,000	5/4	4,010	0.06
807 E Magnolia Blvd, Burbank, CA 91501	$2,457,000	5/4	3,510	0.07
807 E Palm Ave, Burbank, CA 91501	$2,067,000	4/3	2,954	0.07

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.