tomo logo

$2,099,000

Beds
6
Baths
7.0
sq ft
3,320

2426 N Myers St, Burbank, CA 91504

2426 N Myers St

Burbank, CA 91504

  • 3 days on market
Welcome to this stunning, newly built property located in the heart of Burbank. This versatile property features a main family residence in the front with a total of three brand new ADU's, providing a wonderful opportunity for multi-generational living or rental income. The front home, meticulously remodeled, boasts an inviting open concept layout with new wood laminate flooring. There is lots of natural light from the brand new windows while a charming corner fireplace in the living room creates an ideal focal point. The kitchen is highlighted by a contemporary island with waterfall quartz counters, sleek cabinetry and stainless appliances. The nearby hallway leads to a convenient laundry closet, complete with a brand new washer and dryer. And the bathroom features stylish touches, including a barn door entrance, a luxurious shower-over-the-tub combination and an oversized vanity sink. All of the systems have been updated including a tankless water heater. Attached at the rear of the main home is a well designed Jr. ADU with complete privacy and a separate entrance. There is a well designed space of a kitchen, modern bathroom and a mini-split for heating and cooling. This would be ideal for guests or extended family. At the rear of the property is a well designed two story structure, home to two brand-new ADU's. These units are identical in size featuring 2 bedrooms and 2 stylish bathrooms. The interior have modern finishes, including large quartz stone waterfall islands in the kitchens. The kitchens are equipped with stainless steel stoves, refrigerators and dishwashers. The second ADU enjoys the added luxury of a private balcony with wonderful views of the hills. Both units are equipped with laundry closets featuring new washers and dryers as well as central heat and air. This structure includes new solar panels on the roof and dual tankless water heaters. Between the front home and the rear units, the property provides ample off street parking. A small rear yard shared by the two back ADU's offers outdoor space for entertaining, This is such a unique property for many uses and not to be missed.

Details

Property type

Single Family Residence

Est. home value

$891,469

Property condition

New Construction

Lot size

6,465 sq ft

Price per sq ft

$633

Year built

1940

HOA

No

Price History

12/19/2024
CRMLS

CRMLS #BB24251527

Listed
$2,099,000
+125.21%
10/13/2023
CRMLS

CRMLS #BB23130836

Sold
$932,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

High school district: 

Burbank Unified

Number of units in community: 

4

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,214,526
Asking price
$2,099,000
Closing costs (~8% of asking)
-$167,920
Est. remaining loan balance
-$716,554
Cash to seller
$1,214,526

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Legions Capital Inc

Loan start date

September 2023

Original loan amount

$726,200

Est. remaining balance

$716,554

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Imed Abdellaoui

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 1:35 PM

Listing updated: 12/22/2024 at 6:15 AM

Listed by: Alison Tideback, Equity Union Phone #: (818) 989-2000

MLS: CRMLS #BB24251527

CRMLS logo

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