NOT LISTED FOR SALE

1037 W Glenoaks Blvd Glendale, CA 91202

Glenwood Neighborhood

Estimated Value: $1,574,000 - $2,255,000

3 Beds
2 Baths
3,688 Sq Ft
$524/Sq Ft Est. Value

Last Sold February 04, 2021

Last sale price $1,505,000 $408 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $11,801/month

Highlights

  • Lawn
  • Laundry Room
  • 5-minute walk to Pelanconi Park
  • Herbert Hoover High School Rated A-
  • Landscaped

About This Home

As of February 2021

We are proud to represent the pride of ownership 4­unit apartment building in prime Glendale.

The property was built in 1941. Its unit mix consists of (2) one­-bedroom, one­-bathroom units and (2) two­-bedroom, one-
bathroom units. With a lot size of 6,514 square feet, the property has a total of 3,688 rentable square feet.

The city of Glendale is a highly desirable rental market and was recently named as the neighborhood of the year by
Curbs magazine. Glendale is a major production center for the entertainment and animation industry as The Walk Disney
Company outgrew its Burbank Studio. Residents enjoy the excellent shopping and dining at the Americana at Brand which
features 75 shops and restaurants and 18-­plex Theatre. The city's numerous high ­rated restaurants and attractions earned
it a titled as the Los Angeles Neighborhood of the Year in Curbed Magazine.
The property is metered separately for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 01/08/2021

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 01/08/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,050

Year Built

  • Built in 1941

Lot Details

  • 6,514 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 3,688 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 83
  • Tax Tract Number 11150
  • Assessor Parcel Number 5628024009

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,597
  • Water Sewer Expense $1,775
  • New Taxes Expense $12,461
  • Operating Expense $23,529
  • Gross Income $78,240
  • Net Operating Income $52,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,050

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1775.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5628024009
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 408.08

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 6514.00
  • Lot Size Acres: 0.1495

Multi Family

  • Gross Income: 78240.00
  • Gross Scheduled Income: 78240.00
  • Insurance Expense: 1597.00
  • Lot Size Area: 6514.0000 Square Feet
  • Net Operating Income: 52364.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 23529.00
  • Rent Control: No
  • Total Expenses: 23529.00

Tax Info

  • New Taxes Expense: 12461.00
  • Tax Census Tract: 3012.06
  • Tax Lot: 83
  • Tax Tract Number: 11150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Khachatrian Navasardyan Trust and Khachatrian Robert P
Bought by
1037 W Glenoaks Llc
Current Estimated Value
$1,932,688

Purchase Details

Closed on
Oct 21, 2021
Sold by
Khachatrian Robert P and Khachatrian Arsine A
Bought by
Khachatrian Navasardyan Trust

Purchase Details

Listed on
Jan 8, 2021
Closed on
Jan 29, 2021
Sold by
1037 Glenoaks Partnership
Bought by
Khachatrian Robert
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,450,000
Sold Price
$1,505,000
Premium/Discount to List
$55,000
3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$75,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2021
Closed on
Jan 26, 2021
Sold by
Navasardyan Arsine
Bought by
Khachatrian Robert
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,450,000
Sold Price
$1,505,000
Premium/Discount to List
$55,000
3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
2.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
1037 W Glenoaks Llc -- None Listed On Document
Khachatrian Navasardyan Trust -- Bazikyan Law Group Apc
Khachatrian Robert P -- Bazikyan Armine
Khachatrian Robert $1,505,000 Orange Coast Ttl Co Of Socal
Khachatrian Robert -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khachatrian Robert $1,125,000
Previous Owner Khachatrian Robert $75,000
Previous Owner Khachatrian Robert $1,053,500
Previous Owner Khachatrian Robert $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2021 02/04/21 Sold $1,505,000 +3.8% $408 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $1,450,000 -- $393 / 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 $18,050 $1,655,484 $986,923 $668,561
2024 $18,050 $1,623,024 $967,572 $655,452
2023 $17,365 $1,565,802 $941,562 $624,240
2022 $17,064 $1,535,100 $923,100 $612,000
2021 $5,620 $480,471 $288,287 $192,184
2020 $5,539 $475,545 $285,331 $190,214
2019 $5,411 $466,222 $279,737 $186,485
2018 $5,276 $457,081 $274,252 $182,829
2016 $5,003 $439,334 $263,603 $175,731
2015 $4,904 $432,736 $259,644 $173,092
2014 $4,886 $424,260 $254,558 $169,702
Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2021

    Cindy Hill

    Equity Union

    (818) 640-8360

    1 in this area

    77 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21004531

California Regional Multiple Listing Service (CRMLS)

APN: 5628-024-009

California Los Angeles County Glendale 91202 Glenwood

1037 W Glenoaks Blvd, Glendale, CA

This home is located at 1037 W Glenoaks Blvd, Glendale, CA 91202 since 08 January 2021 and is currently estimated at $1,932,688, approximately $524 per square foot. This property was built in 1941. 1037 W Glenoaks Blvd 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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