Brent Ballard
Anderson Ballard Companies
(747) 307-4526
166 Total Sales
1 in Grandview
$1,011,000 Price
1021 Linden Ave Glendale, CA 91201
Grandview Neighborhood
6
Beds
5
Baths
7,042
Sq Ft
7,750
Sq Ft Lot
About This Home
As of November 2025Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendale’s most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mix—Two: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath units—designed to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the property’s performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032—a rare and valuable advantage in today’s high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security. There’s also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the property’s rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potential—ideal for investors looking to secure a high-performing asset in a high-demand area.
Last Agent to Sell the Property
LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296 Listed on: 05/28/2025
Last Buyer's Agent
LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296 Listed on: 05/28/2025
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Property Details
Home Type
- Apartment
Year Built
- Built in 1988
Lot Details
- 7,750 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 14 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 7,042 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 15 / A
- Tax Tract Number 4280
- Assessor Parcel Number 5624005026
Community Details
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $305
- Gardener Expense $1,500
- Insurance Expense $3,651
- Maintenance Expense $3,500
- Professional Management Expense $7,145
- Trash Expense $4,716
- Water Sewer Expense $6,423
- Operating Expense $68,041
- Gross Income $240,588
- Net Operating Income $170,141
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2025
Closed on
Nov 19, 2025
Sold by
Galan Investments Llc
Bought by
Seller's Agent
David Nalbandyan
LA Premier Realty
Buyer's Agent
David Nalbandyan
LA Premier Realty
List Price
$3,400,000
Sold Price
$3,725,000
Premium/Discount to List
$325,000
9.56%
Views
427
Purchase Details
Closed on
Oct 22, 2015
Sold by
Galstian Andranik Eddie and Galstian Anna Galfaian
Bought by
Galan Investments Llc
Purchase Details
Closed on
Nov 27, 2001
Sold by
Galstian Andranik Eddie and Galstian Anna Galfaian
Bought by
Galstian Andranik Eddie and Galstian Anna Galfaian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
6.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 1999
Sold by
Galstian Andranik Eddie
Bought by
Galstian Andranik Eddie and Galstian Anna Galfaian
Purchase Details
Closed on
Feb 12, 1999
Sold by
Rubio Criselda
Bought by
Fnb Real Estate Corp
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grandview, CA
-
Brent Ballard
-
Ronald Taibi
Ronald Taibi
RE/MAX of Santa Clarita
(661) 438-3233
34 Total Sales
1 in Grandview
$1,075,000 Price
-
Arthur Ambarchyan
Arthur Ambarchyan
Responds QuicklyKeller Williams R. E. Services
(747) 271-1402
82 Total Sales
1 in Grandview
$3,400,000 Price
-
'Vic' Vartan Markarian
'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
114 Total Sales
4 in Grandview
$648K - $2.5M Price Range
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
79 Total Sales
4 in Grandview
$940K - $6.1M Price Range
-
Sharon Ross
Sharon Ross
Responds QuicklyEquity Union
(818) 418-8034
17 Total Sales
1 in Grandview
$920,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,725,000 | Fidelity National Title | ||
| Galan Investments Llc | -- | None Available | |
| Galan Investments Llc | -- | None Available | |
| Galstian Andranik Eddie | -- | Continental Lawyers Title Co | |
| Galstian Andranik Eddie | -- | -- | |
| Fnb Real Estate Corp | $573,891 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,050,000 | ||
| Previous Owner | Galstian Andranik Eddie | $1,522,500 | |
| Previous Owner | Galstian Andranik Eddie | $925,000 | |
| Previous Owner | Galstian Andranik Eddie | $575,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Sold | $3,725,000 | +9.6% | $529 / Sq Ft |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 05/28/2025 05/28/25 | For Sale | $3,400,000 | -- | $483 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,725 | $3,725,000 | $1,790,000 | $1,935,000 |
| 2025 | $11,725 | $1,003,323 | $401,327 | $601,996 |
| 2024 | $11,760 | $983,651 | $393,458 | $590,193 |
| 2023 | $11,512 | $964,365 | $385,744 | $578,621 |
| 2022 | $11,320 | $945,457 | $378,181 | $567,276 |
| 2021 | $11,100 | $926,919 | $370,766 | $556,153 |
| 2019 | $10,699 | $899,428 | $359,770 | $539,658 |
| 2018 | $10,466 | $881,793 | $352,716 | $529,077 |
| 2016 | $9,898 | $847,553 | $339,020 | $508,533 |
| 2015 | $9,708 | $834,823 | $333,928 | $500,895 |
| 2014 | $9,673 | $818,471 | $327,387 | $491,084 |
Source: Public Records
Agents Affiliated with this Home
-
David Nalbandyan
Seller's Agent in 2025
David Nalbandyan
LA Premier Realty
(818) 424-6437
3 in this area
79 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25118417
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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