NOT LISTED FOR SALE

1031 Thompson Ave Glendale, CA 91201

Grandview Neighborhood

Estimated Value: $1,083,000 - $2,412,000

5 Beds
5 Baths
2,497 Sq Ft
$721/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $1,030,000 $412 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $10,877/month

55 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Herbert Hoover High School Rated A-

About This Home

As of June 2016

Fantastic income producing 4 unit in great part of Glendale. Front house w/3 beds & 2 baths, attached executive studio unit A w/kitchen (rented out furnished w/maid service),separate unit B w/one bedroom & bath & back unit C is one bedroom & bath w/attached patio. Front house completely renovated w/remodeled kitchen & baths, engineered hardwood flooring throughout main living area. Unit A has a newer kitchen and unit C has updated
cabinets. All units in very good condition and generating high rents. Owner is living in front house but will vacate at close of escrow. Owner estimates front unit would rent for approximately 3k per month. 3 open parking spaces. 4 newer electrical panels, front house rewired, 3 newer main water lines, 1 gas meter, I water meter, HVAC in front house installed in 2013. Very low monthly expenses make this a great investment opportunity for your investors.

Last Agent to Sell the Property

Rita Erangey

Berkshire Hathaway HomeServices California Properties License #00911631 Listed on: 03/21/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Richard Raddatz

Berkshire Hathaway HomeServices California Properties License #01243640

Last Buyer's Agent

Grigor Chermakyan

Park Regency Realty License #01232572

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,977

Year Built

  • Built in 1947

Lot Details

  • 8,361 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,497 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 86
  • Tax Tract Number 4646
  • Assessor Parcel Number 5624012027

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $780
  • Electric Expense $1,800
  • Gardener Expense $720
  • Insurance Expense $3,516
  • Other Expense $2,760
  • Water Sewer Expense $1,800
  • Operating Expense $20,580
  • Gross Income $7,250
  • Net Operating Income $66,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,977

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5624012027
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 412.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8361.00
  • Price Per Lot Square Foot: 123.07

Multi Family

  • Cable TV Expense: 780.00
  • Electric Expense: 1800.00
  • Gross Income: 7250.00
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 3516.00
  • Net Operating Income: 66420.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 20580.00
  • Other Expense: 2760.00
  • Other Expense Description: maidwifi
  • Rent Control: No
  • Total Actual Rent: 4250.00
  • Total Expenses: 20580.00

Tax Info

  • Tax Lot: 86
  • Tax Tract Number: 4646

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2016
Closed on
May 26, 2016
Sold by
Ginosyan Heriknaz
Bought by
Ginosyan Vruyr
Seller's Agent
Rita Erangey
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Grigor Chermakyan
Park Regency Realty
List Price
$1,029,000
Sold Price
$1,030,000
Premium/Discount to List
$1,000
0.1%
Current Estimated Value
$1,801,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$771,403
Avg. Annual Appreciation
6.28%
Original Mortgage
$750,000
Outstanding Balance
$598,726
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,202,677

Purchase Details

Listed on
Mar 21, 2016
Closed on
May 17, 2016
Sold by
Luce Patrick Ryan and Hunter Chelsea Victoria
Bought by
Ginosyan Vruyr
Seller's Agent
Rita Erangey
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Grigor Chermakyan
Park Regency Realty
List Price
$1,029,000
Sold Price
$1,030,000
Premium/Discount to List
$1,000
0.1%

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
Outstanding Balance
$598,726
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,202,677

Purchase Details

Closed on
Jun 23, 2011
Sold by
Auction Fund 510 Llc
Bought by
Luce Patrick Ryan and Hunter Chelsea Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,057
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2011
Sold by
Treo Capital Group Inc
Bought by
Auction Fund 510 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Treo Capital Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2010
Sold by
Pelayo Antonio
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 3, 2006
Sold by
Pelayo Alicia
Bought by
Pelayo Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 6, 2004
Sold by
Pelayo Antonio and Pelayo Laura
Bought by
Pelayo Antonio and Pelayo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
5.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2001
Sold by
Pelayo Antonio and Pelayo Alicia
Bought by
Pelayo Antonio and Pelayo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
7.19%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Pelayo Antonio and Pelayo Martina
Bought by
Pelayo Antonio and Pelayo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
9.99%

Purchase Details

Closed on
Jul 23, 1996
Sold by
Ramos Manuel and Navarro Miguel
Bought by
Pelayo Antonio and Pelayo Martina

Purchase Details

Closed on
Jan 9, 1994
Sold by
Pelayo Antonio and Pelayo Alicia
Bought by
Peyalo Antonio and Ramos Manuel
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
Ginosyan Vruyr -- California Title Company
Ginosyan Vruyr $1,000,000 California Title Company
Luce Patrick Ryan $550,000 Fidelity National Title Co
Auction Fund 510 Llc -- --
Treo Capital Group Inc $386,000 Chicago Title Company
Deutsche Bank National Trust Company $481,998 Accommodation
Pelayo Antonio -- Orange Coast Title
Pelayo Antonio -- Fidelity National Title Comp
Pelayo Antonio -- Old Republic Title
Pelayo Antonio -- Fidelity National Title Ins
Pelayo Antonio -- --
Peyalo Antonio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ginosyan Vruyr $750,000
Previous Owner Luce Patrick Ryan $504,069
Previous Owner Luce Patrick Ryan $536,057
Previous Owner Auction Fund 510 Llc $230,000
Previous Owner Pelayo Antonio $200,000
Previous Owner Pelayo Antonio $425,000
Previous Owner Pelayo Antonio $413,000
Previous Owner Pelayo Antonio $263,500
Previous Owner Pelayo Antonio $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $1,030,000 +0.1% $412 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $1,029,000 -- $412 / 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 $12,977 $1,183,790 $710,274 $473,516
2024 $12,977 $1,160,580 $696,348 $464,232
2023 $12,684 $1,137,825 $682,695 $455,130
2022 $12,464 $1,115,515 $669,309 $446,206
2021 $12,250 $1,093,643 $656,186 $437,457
2020 $12,075 $1,082,630 $649,458 $433,172
2019 $11,783 $1,061,407 $636,724 $424,683
2018 $11,546 $1,040,600 $624,240 $416,360
2016 $6,659 $604,031 $408,499 $195,532
2015 $6,524 $594,958 $402,363 $192,595
2014 $6,481 $583,305 $394,482 $188,823
Source: Public Records

Agents Affiliated with this Home

  • Rita Erangey

    Seller's Agent in 2016

    Rita Erangey

    Berkshire Hathaway HomeServices California Properties

    (818) 802-9930

    29 Total Sales

    Rita Erangey
    Section Image
  • Richard Raddatz

    Seller Co-Listing Agent in 2016

    Richard Raddatz

    Berkshire Hathaway HomeServices California Properties

    (818) 512-9300

    18 Total Sales

    Richard Raddatz
    Section Image
  • Grigor Chermakyan

    Buyer's Agent in 2016

    Grigor Chermakyan

    Park Regency Realty

    (818) 381-2143

    43 Total Sales

    Grigor Chermakyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16059309

California Regional Multiple Listing Service (CRMLS)

APN: 5624-012-027

California Los Angeles County Glendale 91201 Grandview

1031 Thompson Ave, Glendale, CA

This home is located at 1031 Thompson Ave, Glendale, CA 91201 since 21 March 2016 and is currently estimated at $1,801,403, approximately $721 per square foot. This property was built in 1947. 1031 Thompson Ave is a home located in Los Angeles County with nearby schools including Balboa Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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