Seller's Agent in 2019
Brian Noh
Nohco Real Estate
(213) 804-7647
136 Total Sales
1045 Western Ave Glendale, CA 91201
Grandview NeighborhoodEstimated Value: $1,062,000 - $1,902,000
3
Beds
3
Baths
2,112
Sq Ft
$695/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Herbert Hoover High School Rated A-
- Living Room
About This Home
As of October 20191045 Westerns is located in Glendale, Ca. This fabulous 3 unit property offers an investor and/or owner-occupier to acquire a turnkey investment in a strong rental market.
The 1 story property boasts a solid unit mix of (3) 1 bed/1 bath units. The building was originally built in 1940 with a total size of 2,112 SF, sitting on 7,733 SF large lot zoned R4. Currently, the property is 100% tenant-occupied with All tenants being month to month, allowing for an investor and/or owner-occupier to achieve higher rents or vacate to live in.
Prime Location in Glendale, near Burbank Airport, and off the 5 & 134 Freeway. Ideally situated in close proximity to Glendale Galleria, Americana, Walt Disney Studios, Warner Bros, Universal City, and Griffith Park.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,399
Year Built
- Built in 1940
Lot Details
- 7,733 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,112 Sq Ft Home
- Living Room
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 91
- Tax Tract Number 4516
- Assessor Parcel Number 5623024013
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $12,499
- Operating Expense $19,000
- Gross Income $55,500
- Net Operating Income $35,390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2019
Closed on
Sep 27, 2019
Sold by
Champery Rental Reo Llc
Bought by
Baroni Edik
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Brian Noh
Nohco Real Estate
List Price
$999,900
Sold Price
$950,000
Premium/Discount to List
-$49,900
-4.99%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,483
Avg. Annual Appreciation
7.62%
Original Mortgage
$712,500
Outstanding Balance
$625,561
Interest Rate
3.5%
Estimated Equity
$841,922
Purchase Details
Closed on
Jan 30, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Champery Rental Reo Llc
Purchase Details
Closed on
Aug 19, 2016
Sold by
Pogosyan Razmik
Bought by
Mid Cal Realty Services Inc
Purchase Details
Closed on
Aug 11, 2016
Sold by
Mid Cal Realty Services Inc
Bought by
Hollyvale Rental Holdings Llc
Purchase Details
Closed on
Mar 17, 2002
Sold by
Stelmack Willadean and F B & L T Lee Revocable Trust
Bought by
Pogosyan Razmik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6.78%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Baroni Edik | $950,000 | Fidelity National Title | |
| Champery Rental Reo Llc | -- | Accommodation | |
| Mid Cal Realty Services Inc | $500,500 | None Available | |
| Hollyvale Rental Holdings Llc | -- | None Available | |
| Pogosyan Razmik | $302,500 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Baroni Edik | $712,500 | |
| Previous Owner | Pogosyan Razmik | $150,000 | |
| Previous Owner | Pogosyan Razmik | $300,000 | |
| Previous Owner | Pogosyan Razmik | $250,000 | |
| Previous Owner | Pogosyan Razmik | $150,000 | |
| Previous Owner | Pogosyan Razmik | $250,000 | |
| Previous Owner | Pogosyan Razmik | $120,000 | |
| Previous Owner | Pogosyan Razmik | $87,000 | |
| Previous Owner | Pogosyan Razmik | $249,000 | |
| Previous Owner | Pogosyan Razmik | $242,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2019 10/08/19 | Sold | $950,000 | -5.0% | $450 / Sq Ft |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- |
| 08/31/2019 08/31/19 | For Sale | $999,900 | -- | $473 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,399 | $1,038,960 | $874,915 | $164,045 |
| 2024 | $11,399 | $1,018,589 | $857,760 | $160,829 |
| 2023 | $11,141 | $998,618 | $840,942 | $157,676 |
| 2022 | $10,948 | $979,038 | $824,453 | $154,585 |
| 2021 | $10,760 | $959,842 | $808,288 | $151,554 |
| 2019 | $8,386 | $749,088 | $416,160 | $332,928 |
| 2018 | $8,193 | $734,400 | $408,000 | $326,400 |
| 2016 | $6,359 | $578,291 | $293,261 | $285,030 |
| 2015 | $6,229 | $569,605 | $288,856 | $280,749 |
| 2014 | $6,189 | $558,448 | $283,198 | $275,250 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Noh
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19208800
APN: 5623-024-013
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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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