NOT LISTED FOR SALE

Estimated Value: $1,032,000 - $1,219,000

3 Beds
3 Baths
1,855 Sq Ft
$588/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $1,000,000 $539 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,665/month

19 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot
  • Herbert Hoover High School Rated A-
  • Bike Trail

About This Home

As of April 2022

We are pleased to present 1046 Western Avenue in Glendale, California, a well-maintained duplex plus an older single family residence structure situated on a large 7,400 square foot parcel. This property presents a development opportunity when purchased with the adjacent property at 1050 Western Avenue. The Subject site is approximately 1,855 square feet (according to assessor date) and includes a duplex with 1 bedroom and 1 bathroom in each unit. These existing units can easily garner a much higher market rent with little effort. The older structure will likely need to be either rebuilt or torn down per Glendale requirements and code.

The property is in a great location with frontage on Western Avenue just south of Glenoaks and north of San Fernando Road. It is centrally located between Burbank and Glendale and includes easy freeway access.

Directly adjacent to the property is 1050 Western Avenue, which includes a 2-bedroom 1-bathroom single family residence, a detached garage, a long driveway and an expansive back yard all situated on a 7,750 square foot parcel. When combined with the Subject Property the total lot size will be over 15,180 square feet with a width of approximately 97’ on Western Avenue. This wide linear frontage is important, as Glendale provides bonus density for lots which have frontage wider than 90-feet. All Buyers and investors are encouraged to conduct their own research regarding the construction potential of these properties; the opportunity to build multiple units is possible for a developer or investor to take advantage and build a generational legacy project.

Ownership would prefer to sell both 1050 Western Avenue and 1046 Western Avenue together and close simultaneously. The two properties are being sold in their AS IS WHERE IS condition. Call the listing agent for additional details or to set up a tour.

Last Agent to Sell the Property

Kirk Garabedian

Keller Williams R. E. Services License #01216376 Listed on: 02/17/2022

Keller Williams R. E. Services

Last Buyer's Agent

Kirk Garabedian

Keller Williams R. E. Services License #01216376 Listed on: 02/17/2022

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 7,431 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Density is 2-5 Units/Acre
  • Value in Land

Home Design

  • 1,855 Sq Ft Home
  • Triplex

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Additional Features

  • 3 Bedrooms
  • Exterior Lighting
  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 30
  • Tax Tract Number 3196
  • Assessor Parcel Number 5623025023
  • $244 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $800
  • Water Sewer Expense $1,000
  • New Taxes Expense $10,766
  • Operating Expense $14,566
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: GLR4YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5623025023
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 539.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot, Level, Value In Land
  • Lot Size Sq Ft: 7431.00
  • Lot Size Acres: 0.1706

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7431.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14566.00
  • Rent Control: Yes
  • Total Expenses: 14566.00

Tax Info

  • New Taxes Expense: 10766.00
  • Tax Census Tract: 3016.01
  • Tax Lot: 30
  • Tax Tract Number: 3196
  • TaxOtherAnnualAssessmentAmount: 244.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 28, 2022
Sold by
Sayadyan Aram
Bought by
Martirosova Svetlana
Seller's Agent
Kirk Garabedian
Keller Williams R. E. Services
Buyer's Agent
Kirk Garabedian
Keller Williams R. E. Services
List Price
$999,000
Sold Price
$1,000,000
Premium/Discount to List
$1,000
0.1%
Current Estimated Value
$1,091,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,627
Avg. Annual Appreciation
2.38%

Purchase Details

Closed on
May 8, 2017
Sold by
Burroughs James Dewey and Burroughs Brenda Lee
Bought by
Burroughs James Dewey and Burroughs Brenda Lee

Purchase Details

Closed on
Apr 10, 2017
Sold by
Burroughs James Dewey and Borroughs James
Bought by
Burroughs James Dewey and Burroughs Brenda Lee

Purchase Details

Closed on
Jul 22, 2016
Sold by
Mandell Stan and Movsesian Shoushan
Bought by
Burroughs James Dewey

Purchase Details

Closed on
May 26, 2016
Sold by
Mandell Stan and Movsesian Shoushan
Bought by
Burroughs James Dewey

Purchase Details

Closed on
Dec 4, 2001
Sold by
Sultenfuss Genevieve A and Genevieve A Sultenfuss 1989 Tr
Bought by
Burroughs James

Purchase Details

Closed on
Dec 13, 2000
Sold by
Trust Sultenfuss Genevieve A Tr Sultenfu
Bought by
Burroughs James

Purchase Details

Closed on
Dec 22, 1999
Sold by
Trust Sultenfuss Genevieve A Tr Sultenfu
Bought by
Burroughs James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martirosova Svetlana -- Chicago Title
Burroughs James Dewey -- None Available
Burroughs James Dewey -- None Available
Burroughs James Dewey -- None Available
Burroughs James Dewey -- None Available
Burroughs James -- --
Burroughs James -- --
Burroughs James -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $1,000,000 +0.1% $539 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $999,000 -- $539 / 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 $11,561 $1,061,207 $822,436 $238,771
2024 $11,561 $1,040,400 $806,310 $234,090
2023 $11,297 $1,020,000 $790,500 $229,500
2022 $1,328 $98,677 $57,121 $41,556
2021 $1,297 $96,743 $56,001 $40,742
2020 $1,278 $95,752 $55,427 $40,325
2019 $1,252 $93,876 $54,341 $39,535
2018 $1,198 $92,036 $53,276 $38,760
2016 $1,124 $88,463 $51,208 $37,255
2015 $1,104 $87,135 $50,439 $36,696
2014 $1,118 $85,429 $49,451 $35,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22031481

California Regional Multiple Listing Service (CRMLS)

APN: 5623-025-023