NOT LISTED FOR SALE

107 E Chestnut St Glendale, CA 91205

Mariposa Neighborhood

Estimated Value: $1,309,000 - $1,932,000

6 Beds
4 Baths
2,810 Sq Ft
$588/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $1,100,000 $391 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,299/month

14 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • 5-minute walk to Glendale Central Park
  • Horace Mann Elementary School Rated A-
  • No HOA

About This Home

As of December 2016

Back on the Market .....LOCATION!.. LOCATION! ..LOCATION! Excellent Opportunity!! 4 Units in the heart of Glendale, 3 SMALL BLOCKS from "The Americana" , 4 BLOCK from "Glendale Galleria" this lot is 8,742 SqFt. and 2,810 SqFt. of construction (per public records) Good opportunity for Investors, it could be a possible development, Propety does need same TLC, COMMERCIAL ZONING: GLC3 (per public records) Provide easy access to shops, restaurants, entertainment, ETC.

Last Agent to Sell the Property

Orlando Cruz

Brightstone Estate Properties License #01051110 Listed on: 08/31/2016

Last Buyer's Agent

Walfre Alvizures

Brightstone Estate Properties License #01507344

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 8,742 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 2,810 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 119
  • Tax Tract Number 3022
  • Assessor Parcel Number 5641006024

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $75
  • Insurance Expense $2,000
  • Trash Expense $1,400
  • Water Sewer Expense $450
  • New Taxes Expense $4,111
  • Gross Income $4,020
  • Net Operating Income $39,954

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 450.00
  • Zoning: No Zoning Found!
  • Property Type: Residential Income
  • Parcel Number: 5641006024
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 391.46

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Near Public Transit, Yard
  • Lot Size Sq Ft: 8742.00
  • Price Per Lot Square Foot: 148.14

Multi Family

  • Electric Expense: 75.00
  • Gross Income: 4020.00
  • Gross Scheduled Income: 48240.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 39954.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 8286.00
  • Rent Control: Yes
  • Total Actual Rent: 4020.00

Tax Info

  • New Taxes Expense: 4111.00
  • Tax Lot: 119
  • Tax Tract Number: 3022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2016
Closed on
Nov 23, 2016
Sold by
Kyurklyan Luiza
Bought by
Tersaakyan Arutyun
Seller's Agent
Orlando Cruz
Brightstone Estate Properties
Buyer's Agent
Walfre Alvizures
Brightstone Estate Properties
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%
Current Estimated Value
$1,553,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,850
Avg. Annual Appreciation
4.59%
Original Mortgage
$825,000
Outstanding Balance
$664,413
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$986,974

Purchase Details

Closed on
Sep 19, 2016
Sold by
New Moon Investment Llc
Bought by
Tersaakyan Arutyun

Purchase Details

Listed on
Jan 4, 2016
Closed on
Jan 12, 2016
Sold by
Yahyakashani Saeid
Bought by
New Moon Investment Llc
Seller's Agent
Orlando Cruz
Brightstone Estate Properties
Buyer's Agent
Estuardo Victorio
No Firm Affiliation
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%
Original Mortgage
$420,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2002
Sold by
Corsandi Vered
Bought by
Yahyakashani Saeid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 23, 2002
Sold by
Mesrobian Sarkis and Mesrobian Talin
Bought by
Yahyakashani Saeid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.5%
Mortgage Type
Negative Amortization
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
Tersaakyan Arutyun -- Usa National Title
Tersaakyan Arutyun $1,100,000 Usa National Title
New Moon Investment Llc $5,500 Usa National Title
Yahyakashani Saeid -- Commonwealth Land Title Co
Yahyakashani Saeid $300,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tersaakyan Arutyun $825,000
Previous Owner New Moon Investment Llc $420,000
Previous Owner Yahyakashani Saeid $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2016 12/02/16 Sold $1,100,000 -15.1% $391 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $1,295,000 +135.5% $461 / Sq Ft
02/19/2016 02/19/16 Sold $550,000 +10.2% $196 / Sq Ft View Prior Sale
01/04/2016 01/04/16 For Sale $499,000 -- $178 / Sq Ft
06/20/2015 06/20/15 Pending -- -- --
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 $13,899 $1,276,640 $765,985 $510,655
2024 $13,899 $1,251,609 $750,966 $500,643
2023 $13,584 $1,227,069 $736,242 $490,827
2022 $13,348 $1,203,009 $721,806 $481,203
2021 $13,115 $1,179,421 $707,653 $471,768
2020 $12,927 $1,167,328 $700,397 $466,931
2019 $12,612 $1,144,440 $686,664 $457,776
2018 $12,391 $1,122,000 $673,200 $448,800
2016 $4,202 $367,029 $318,097 $48,932
2015 $4,120 $361,516 $313,319 $48,197
2014 $4,111 $354,435 $307,182 $47,253
Source: Public Records

Agents Affiliated with this Home

  • Orlando Cruz

    Seller's Agent in 2016

    Orlando Cruz

    Brightstone Estate Properties

    (818) 430-4210

    54 Total Sales

    Orlando Cruz
    Section Image

  • E

    Buyer's Agent in 2016

    Estuardo Victorio

    No Firm Affiliation

  • Walfre Alvizures

    Buyer's Agent in 2016

    Walfre Alvizures

    Brightstone Estate Properties

    (818) 335-2355

    12 Total Sales

    Walfre Alvizures
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16089738

California Regional Multiple Listing Service (CRMLS)

APN: 5641-006-024

California Los Angeles County Glendale 91205 Mariposa

107 E Chestnut St, Glendale, CA

Not Listed for Sale

MultiFamily

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