'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
4 in Grandview
$648K - $2.5M Price Range
1044 Linden Ave Glendale, CA 91201
Grandview Neighborhood
2
Beds
2
Baths
8,000
Sq Ft
7,926
Sq Ft Lot
Highlights
- No HOA
- Bike Trail
- Laundry Facilities
- Herbert Hoover High School Rated A-
About This Home
As of December 2022Wonderful opportunity to acquire a very well maintained multi-family income property in the Grandview neighborhood of Glendale; the property is comprised of eight (8) two (2) bedroom, two (2) bathroom units of approximately 1,000 square feet each (per Assessor); all tenants are month-to-month; the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020;generous upside in rents; semi-subterranean parking garage striped for fourteen (14) parking spaces, but there are two (2)additional, parallel spaces that have been demarcated and are used by the tenants; all eight (8) central HVAC units were replaced in the last twelve (12) months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four (4) units upgraded in terms of flooring, counter tops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens
See attached brochure for complete information.
Last Agent to Sell the Property
Stevenson Real Estate Services License #01228475 Listed on: 10/03/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 7,926 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 14 Car Garage
Home Design
- 8,000 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 31 / B
- Tax Tract Number 4280
- Assessor Parcel Number 5624008040
- $1,099 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $1,920
- Gardener Expense $1,200
- Insurance Expense $2,861
- Maintenance Expense $875
- Other Expense $7,968
- Trash Expense $7,084
- New Taxes Expense $44,505
- Operating Expense $66,573
- Gross Income $152,040
- Net Operating Income $87,374
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
Oct 3, 2022
Closed on
Jan 27, 2023
Sold by
Bought by
Seller's Agent
David 'Randy' Stevenson
Stevenson Real Estate Services
Buyer's Agent
Arthur Ambarchyan
National Properties
List Price
$4,250,000
Sold Price
$3,400,000
Premium/Discount to List
-$850,000
-20%
Views
8
Purchase Details
Listed on
Oct 3, 2022
Closed on
Dec 6, 2022
Sold by
Bought by
Seller's Agent
David 'Randy' Stevenson
Stevenson Real Estate Services
Buyer's Agent
Arthur Ambarchyan
National Properties
List Price
$4,250,000
Sold Price
$3,400,000
Premium/Discount to List
-$850,000
-20%
Views
8
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grandview, CA
-
'Vic' Vartan Markarian
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
83 Total Sales
4 in Grandview
$940K - $6.1M Price Range
-
The Kate Christiansen Group
The Kate Christiansen Group
Equity Union
(661) 347-2167
175 Total Sales
1 in Grandview
$950,000 Price
-
Vahan Avanesyan
Vahan Avanesyan
Pinnacle Estate Properties
(323) 613-3290
44 Total Sales
2 in Grandview
$2,143,000 Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Grandview
$694,000 Price
-
Grant Thiem
Grant Thiem
Keller Williams Realty
(619) 257-5233
15 Total Sales
1 in Grandview
$1,300,000 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 |
|---|---|---|---|
| -- | -- | ||
| $3,400,000 | Chicago Title Company |
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 | $335,000 |
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 |
|---|---|---|---|---|
| 12/16/2022 12/16/22 | Sold | $3,400,000 | -6.8% | $425 / Sq Ft |
| 11/25/2022 11/25/22 | Price Changed | $3,650,000 | -6.3% | $456 / Sq Ft |
| 11/04/2022 11/04/22 | Price Changed | $3,895,000 | -8.4% | $487 / Sq Ft |
| 10/03/2022 10/03/22 | For Sale | $4,250,000 | -- | $531 / 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 |
|---|---|---|---|---|
| 2025 | $39,335 | $3,537,360 | $1,456,560 | $2,080,800 |
| 2024 | $38,826 | $3,468,000 | $1,428,000 | $2,040,000 |
| 2023 | $37,949 | $3,400,000 | $1,400,000 | $2,000,000 |
| 2022 | $13,179 | $1,108,552 | $185,458 | $923,094 |
| 2021 | $12,924 | $1,086,817 | $181,822 | $904,995 |
| 2019 | $12,455 | $1,054,583 | $176,430 | $878,153 |
| 2018 | $12,174 | $1,033,906 | $172,971 | $860,935 |
| 2016 | $11,521 | $993,759 | $166,255 | $827,504 |
| 2015 | $11,298 | $978,833 | $163,758 | $815,075 |
| 2014 | $11,248 | $959,660 | $160,551 | $799,109 |
Source: Public Records
Agents Affiliated with this Home
-
David 'Randy' Stevenson
Seller's Agent in 2022
David 'Randy' Stevenson
Stevenson Real Estate Services
(818) 956-7001
3 in this area
41 Total Sales
-
Arthur Ambarchyan
Buyer's Agent in 2022
Arthur Ambarchyan
National Properties
(818) 230-3228
1 in this area
79 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD22208446
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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