NOT LISTED FOR SALE

Estimated Value: $1,120,378 - $1,403,000

4 Beds
2 Baths
2,020 Sq Ft
$605/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $1,125,000 $557 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,658/month

13 Days on Market

Highlights

  • Craftsman Architecture
  • Lawn
  • Floor Furnace
  • Wood Under Carpet
  • 2 Car Detached Garage
  • 2-minute walk to Wilson Mini Park

About This Home

As of October 2024

Craftsman duplex in the coveted Glendale area. First time on the market after being built in 1923 with Norwegian craftsmanship boasting character. Original gumwood moldings, cabinets, doors, and frames adorn the living room. Unit split: 3-BDRM/1-BATH and 1-BDRM/1-BATH. The 3-BDRM unit has a basement. There is a detached, two-car garage next to an ample backyard. Separately gas/electric metered. The detached garage could potentially be converted into an ADU. Besides, there could be a potential to add another one to two-story ADU on the lot. The GLR4YY zoned, a large 8,013 SF (approximately) lot can potentially be redeveloped. The property is conveniently found near the Americana at Brand, Glendale Galleria, DT Glendale, Walt Disney Studios, DreamWorks Animation, Buena Vista Studios, Universal Studios, Griffith Park, LA Zoo, and all the best Glendale has to offer. Ideal for owner-occupancy, or redevelopment. Excellent location in a very desirable rental market. Ideal for owner occupancy and/or income investment. The property offers lots of value-added potential.

Last Agent to Sell the Property

Eduardo Bravo

Engel & Völkers Beverly Hills License #01491469 Listed on: 08/13/2024

Engel & Völkers Beverly Hills

Last Buyer's Agent

Tigran Arutunian

License #00991108

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,015 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Entry on the 1st floor

Interior Spaces

  • 2,020 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Flooring

  • Wood Under Carpet
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, trash collection
  • The owner pays for water, gardener
  • Assessor Parcel Number 5645-015-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: One
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 2020
  • Lot Acreage: 0.1840
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood Under Carpet, Vinyl
  • Bedrooms: 4
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 593.07

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 8.48
  • Assessed Improvement Value: 22010
  • Assessed Land Percent: 91.52
  • Assessed Land Value: 237431
  • Total Assessed Value: 259441
  • Assessor Parcel Number: 5645-015-002
  • Lot Description: Front Yard, Lawn, Lot Shape-Rectangular, Lot-Level/Flat, Yard
  • Lot Size Area: 8015

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 2
  • Type Of Units: RESIDENTIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Sep 26, 2024
Sold by
Galstyan Anna
Bought by
Matevosian Vahag
Seller's Agent
Eduardo Bravo
Engel & Völkers Beverly Hills
Buyer's Agent
Tigran Arutunian
List Price
$1,198,000
Sold Price
$1,125,000
Premium/Discount to List
-$73,000
-6.09%
Views
34
Current Estimated Value
$1,222,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,345
Avg. Annual Appreciation
6.70%
Original Mortgage
$450,000
Outstanding Balance
$445,393
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$776,952

Purchase Details

Listed on
Aug 13, 2024
Closed on
Sep 24, 2024
Sold by
Rudie Revocable Living Trust and Schoch Linda Christine
Bought by
Matevosian Vahag
Seller's Agent
Eduardo Bravo
Engel & Völkers Beverly Hills
Buyer's Agent
Tigran Arutunian
List Price
$1,198,000
Sold Price
$1,125,000
Premium/Discount to List
-$73,000
-6.09%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$445,393
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$776,952

Purchase Details

Closed on
May 5, 2011
Sold by
Rudie Charlotte E and Rudie Revocable Living Trust
Bought by
Rudie Charlotte E and Rudie Revocable Living Trust

Purchase Details

Closed on
Apr 24, 2002
Sold by
Rudie Oscar M and The Ralph S & Agnes Rudie 1989
Bought by
Rudie Oscar M
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
Matevosian Vahag -- Fidelity National Title
Matevosian Vahag $1,125,000 Fidelity National Title
Rudie Charlotte E -- None Available
Rudie Oscar M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matevosian Vahag $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $1,125,000 -6.1% $557 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $1,198,000 -- $593 / Sq Ft
Source: The MLS

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 $3,196 $1,125,000 $890,000 $235,000
2024 $3,196 $264,629 $242,179 $22,450
2023 $3,129 $259,441 $237,431 $22,010
2022 $3,075 $254,355 $232,776 $21,579
2021 $3,015 $249,368 $228,212 $21,156
2019 $2,905 $241,974 $221,444 $20,530
2018 $2,762 $237,230 $217,102 $20,128
2016 $2,617 $228,021 $208,673 $19,348
2015 $2,566 $224,597 $205,539 $19,058
2014 $2,558 $220,198 $201,513 $18,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-427105

The MLS

APN: 5645-015-002