NOT LISTED FOR SALE

Estimated Value: $1,445,000 - $1,826,000

4 Beds
2 Baths
3,038 Sq Ft
$554/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $1,000,000 $329 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,879/month

143 Days on Market

Highlights

  • No Units Above
  • Mountain View
  • No HOA
  • Herbert Hoover High School Rated A-
  • Lawn
  • Masonry wall

About This Home

As of September 2015

Lovely neighborhood in the Foothills of Glendale! One House + 3 one bedroom units on large lot! Live in one and rent the rest or perfect for the investor. Lots of potential here!! All units have separate electric meters!

Last Agent to Sell the Property

Mike Lovullo

Lantern Bay Realty License #00840789 Listed on: 03/15/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,737 Sq Ft Lot
  • Lot Dimensions are 49 x 158
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Masonry wall
  • Wrought Iron Fence
  • Level Lot
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,038 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 34 / B
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624008020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Trash Expense $960
  • Water Sewer Expense $1,500
  • New Taxes Expense $12,000
  • Gross Income $5,500
  • Net Operating Income $5,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5624008020
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 329.16

Exterior Features

  • View: Mountain(s)
  • Fencing: Masonry, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre, Lawn, Level with Street
  • Lot Size: 49 x 158
  • Lot Size Sq Ft: 7737.00
  • Price Per Lot Square Foot: 129.25
  • Lot Size Acres: 0.1780

Multi Family

  • Gross Income: 5500.00
  • Gross Multiplier: 16.75
  • Gross Scheduled Income: 5500.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7737.0000 Square Feet
  • Net Operating Income: 5200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 300.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: B
  • Tax Lot: 34
  • Tax Tract Number: 4280
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2022
Sold by
Torosyan Violeta
Bought by
Violeta Torosyan Trust
Current Estimated Value
$1,683,567

Purchase Details

Closed on
May 25, 2015
Sold by
Davis Hill Beverly and The Davis Living Trust
Bought by
Torosyan Violeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Violeta Torosyan Trust -- --
Torosyan Violeta $1,000,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torosyan Violeta $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2015 09/01/15 Sold $1,000,000 -9.1% $329 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
03/15/2015 03/15/15 For Sale $1,100,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,020 $1,183,791 $828,655 $355,136
2024 $13,020 $1,160,580 $812,407 $348,173
2023 $12,727 $1,137,825 $796,478 $341,347
2022 $12,507 $1,115,515 $780,861 $334,654
2021 $12,288 $1,093,643 $765,550 $328,093
2020 $12,113 $1,082,810 $757,701 $325,109
2019 $11,820 $1,061,587 $742,845 $318,742
2018 $11,591 $1,040,780 $728,280 $312,500
2016 $11,055 $1,000,000 $700,000 $300,000
2015 $1,331 $101,541 $39,959 $61,582
2014 $1,350 $99,553 $39,177 $60,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15054297

California Regional Multiple Listing Service (CRMLS)

APN: 5624-008-020