NOT LISTED FOR SALE

Estimated Value: $1,201,000 - $1,573,000

4 Beds
3 Baths
2,293 Sq Ft
$600/Sq Ft Est. Value

Last Sold February 15, 2013

Last sale price $619,000 $270 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $8,391/month

21 Days on Market

Highlights

  • Traditional Architecture
  • Floor Furnace
  • 4-minute walk to Adams Square Mini Park
  • Wood Flooring
  • Wood Siding

About This Home

As of February 2013

Desirable Triplex located in the Adam's Square area of Glendale (Named By Los Angeles Magazine as one of the areas 10 Best New Neighborhoods) adjacent to Adams Hill this traditional style Triplex features two one bedroom and one bathroom units AND a two bedroom and one bathroom unit. There are also three garage spaces (a two-car and a one-car) so parking is ideal w/patio behind garage! All units hardwood floors have been recently refinished and the units have been copper re-piped, (per the seller), there are 3 separate water heaters, bathroom & kitchen fixtures/faucets and three floor heaters have been updated and floor heaters are controlled by thermostats. These units are located close to shopping, public transportation and convenient freeway access providing what may be an ideal location for people commuting to Downtown Los Angeles, Pasadena or working in Glendale! Do not miss this opportunity to own these Bread-And-Butter units. Opportunity knocks, for gosh sakes open the door!

Last Agent to Sell the Property

John Fairbanks

Coldwell Banker Realty License #00972895 Listed on: 01/24/2013

Coldwell Banker Realty

Co-Listed By

Marion Fairbanks

Coldwell Banker Realty License #01009669

Last Buyer's Agent

Artin Sarkissian

The Art In Real Estate License #01722942

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,694

Year Built

  • Built in 1949

Lot Details

  • 7,048

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Frame Construction
  • Wood Siding
  • Stucco

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Disposal
  • 7,048 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 36
  • Assessor Parcel Number 5676003011

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,055
  • Maintenance Expense $300
  • Trash Expense $298
  • Water Sewer Expense $298
  • Operating Expense $10,048
  • Gross Income $36,000
  • Net Operating Income $25,952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,694

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.20
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 298.00
  • Zoning: R1650
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 5676003011
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 269.95

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Floor Furnace, Natural Gas
  • Trash Expense: 298.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7048.00
  • Lot Size Acres: 0.1618

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 695 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Gross Operating Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1055.00
  • Lot Size Area: 7048.0000 Square Feet
  • Maintenance Expense: 300.00
  • Net Operating Income: 25952.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Disposal: 3
  • Number With Patio: 1
  • Operating Expense: 10048.00
  • Operating Expense Percent: 28.00
  • Total Expenses: 10048.00
  • Vacancy Allowance: 3

Tax Info

  • Tax Lot: 36
  • Tax Tract: 20110120 RTRI

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Hoonanian Massis
Bought by
Hoonanian Massis and Hoonanian Arsineh
Current Estimated Value
$1,376,522

Purchase Details

Closed on
Apr 28, 2016
Sold by
Sunshine Management Group Llc
Bought by
Hoonanian Massis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 2, 2014
Sold by
Jd Construction
Bought by
Sunshine Management Group Llc

Purchase Details

Listed on
Jan 24, 2013
Closed on
Feb 14, 2013
Sold by
Robles Alexander Gregory and The Genoveva G Robles Trust
Bought by
Jd Construction
Seller's Agent
John Fairbanks
Coldwell Banker Realty
Buyer's Agent
Artin Sarkissian
The Art In Real Estate
List Price
$619,000
Sold Price
$619,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
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
Hoonanian Massis -- None Available
Hoonanian Massis $820,000 Lawyers Title
Hoonanian Massis -- Lawyers Title
Sunshine Management Group Llc -- None Available
Jd Construction $619,000 Usa National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoonanian Massis $760,000
Closed Hoonanian Massis $749,650
Closed Hoonanian Massis $749,650
Closed Hoonanian Massis $662,000
Closed Hoonanian Massis $656,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2013 02/15/13 Sold $619,000 0.0% $270 / Sq Ft
02/14/2013 02/14/13 Pending -- -- --
01/24/2013 01/24/13 For Sale $619,000 -- $270 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $10,694 $970,705 $580,056 $390,649
2024 $10,694 $951,673 $568,683 $382,990
2023 $10,453 $933,014 $557,533 $375,481
2022 $10,272 $914,720 $546,601 $368,119
2021 $10,094 $896,785 $535,884 $360,901
2020 $9,951 $887,591 $530,390 $357,201
2019 $9,711 $870,189 $519,991 $350,198
2018 $9,489 $853,128 $509,796 $343,332
2016 $8,803 $796,970 $482,243 $314,727
2015 $8,623 $634,233 $429,311 $204,922
2014 $7,574 $621,810 $420,902 $200,908
Source: Public Records

Agents Affiliated with this Home

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22171905

Pasadena-Foothills Association of REALTORS®

APN: 5676-003-011