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Sold for $1,699,000
  • Listed by: Media West Realty,Inc. • Cameron Hunter • Contact: 818-463-2113
    Bought with: Remax Optima
    $1,699,000

    221 N Myers St, Burbank, CA 91506

    8beds
    5baths
    2,953sqft
    Quadruplex
    Built in 1936
    -- sqft lot
    $1,755,500 Zestimate®
    $575/sqft
    $4,773 Estimated rent

    Home value

    $1,755,500

    $1.58M - $1.95M

    $4,773/mo

    Zestimate® history
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    What's special

    Functional layoutsPrivate patioDowntown burbankComfortable living spacesHealthcare facilitiesBurbank airportUniversal studios
    Introducing 221 N Myers St, Burbank, CA – offering four immaculate residential units consisting of two duplex buildings on one large lot. There are three 2-bedroom + 1-bath units and one 2-bedroom + 2-bath unit, totaling 8 bedrooms and 5 baths. Located in a prime Burbank location, this investment opportunity is in close proximity to Warner Bros, Disney, Universal Studios, St. Joseph Hospital, Downtown Burbank, Burbank Airport, and just 10 minutes from Hollywood. The property's strategic position attracts residents and tenants seeking convenience and access to prominent studios, healthcare facilities, and entertainment centers. It is within walking distance of award-winning schools and renowned Burbank Parks and Recreation. With all four units fully occupied, this property presents a reliable income stream with appealing rental rates. Each unit at 221 N Myers St is meticulously maintained and designed to accommodate various residential needs. The complex brings in a strong rental income with quality tenants. From comfortable living spaces to functional layouts, these units cater to a wide range of tenants, ensuring long-term occupancy and rental stability. This turnkey property also features new roofs on both buildings, 2 carports, 2 locked garages, and a private patio and deck. Take advantage of its prime location and tremendous upside, including possible ADU expansion (check with the City of Burbank). Contact us today to seize this rare investment opportunity before it's too late.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cameron Hunter DRE #01900152 818-463-2113,

    Media West Realty,Inc.

    Bought with:

    Rina Agajanyan, DRE #01741938

    Remax Optima

    Source: CRMLS,MLS#: BB23123157MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: All Bedrooms Up
    Bedroom
    • Features: All Bedrooms Down
    Heating
    • Wall Furnace
    Cooling
    • Zoned
    Appliances
    • Laundry: Inside, Outside, See Remarks
    Features
    • All Bedrooms Up, All Bedrooms Down
    • Flooring: Laminate, See Remarks, Wood
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,953
    • Total interior livable area: 2,953 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Covered, Driveway
    • Garage spaces: 2
    • Carport spaces: 2
    • Covered spaces: 4
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 6,074 Square Feet
    • Features: Level, Near Park
    Details
    • Parcel number: 2444005005
    • Zoning: BUR3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1936

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Valley, Park
    Location
    • Region: Burbank

    Financial & listing details

    • Price per square foot: $575/sqft
    • Tax assessed value: $1,732,980
    • Annual tax amount: $19,626
    • Date on market: 7/11/2023
    • Cumulative days on market: 59 days
    • Listing terms: Cash to New Loan
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    10/6/2023Sold$1,699,000-4.3%$575/sqft
    Source: CRMLS #BB23123157 Report a problem
    9/11/2023Contingent$1,775,000$601/sqft
    Source: CRMLS #BB23123157 Report a problem
    8/11/2023Price change$1,775,000-5.3%$601/sqft
    Source: CRMLS #BB23123157 Report a problem
    7/11/2023Listed for sale$1,875,000+75.2%$635/sqft
    Source: CRMLS #BB23123157 Report a problem
    5/6/2014Sold$1,070,000+2%$362/sqft
    Source: Public Record Report a problem
    3/22/2014Pending sale$1,049,000$355/sqft
    Source: Dilbeck Realtors #BB13221862 Report a problem
    3/4/2014Listed for sale$1,049,000$355/sqft
    Source: Dilbeck Realtors #BB13221862 Report a problem
    2/1/2014Pending sale$1,049,000$355/sqft
    Source: Dilbeck Realtors #BB13221862 Report a problem
    11/1/2013Listed for sale$1,049,000+18.5%$355/sqft
    Source: DG Real Estate Inc. #BB13221862 Report a problem
    10/23/2007Sold$885,000-19.5%$300/sqft
    Source: Public Record Report a problem
    11/21/2006Sold$1,100,000$373/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$19,626 +3.1%$1,732,980 +2%
    2024$19,030 +32.7%$1,699,000 +34.8%
    2023$14,343 +4.7%$1,260,731 +2%
    2022$13,695 +0.4%$1,236,012 +2%
    2021$13,638 +1.1%$1,211,777 +1%
    2020$13,488 $1,199,353 +2%
    2019$13,488 +4.1%$1,175,837 +2%
    2018$12,954 $1,152,782 +2%
    2017$12,954 +2.1%$1,130,180 +2%
    2016$12,687 +3.1%$1,108,021 +1.5%
    2015$12,300 +23.8%$1,091,378 +24%
    2014$9,938 $880,000 -4.9%
    2012-- $925,487 +2%
    2011-- $907,341 +0.8%
    2010-- $900,560 -0.2%
    2009-- $902,700 -17.9%
    2007-- $1,100,000 +279.6%
    2006-- $289,773
    2005-- $289,773 +4%
    2004-- $278,522 +1.9%
    2003-- $273,419 +2%
    2002-- $268,059 +4%
    2000-- $257,652
    Find assessor info on the county website

    Neighborhood: 91506

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,755,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,755,500