NOT LISTED FOR SALE

1145 Spazier Ave Glendale, CA 91201

Grandview Neighborhood

Estimated Value: $2,019,000 - $2,386,000

8 Beds
7 Baths
4,916 Sq Ft
$456/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $1,720,000 $350 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $13,897/month

75 Days on Market

About This Home

As of June 2020

Built in 1987, this large 4-unit rental property is centrally located in the desirable area of Northwest Glendale. The units were designed ''townhome-style'' with every unit being 2 bedrooms & 1.5 baths and each unit has its own laundry area plus 1 storage locker. Both rental and residential sale markets are always in high demand. Million dollar homes a couple of blocks away! The property is minutes to Downtown Glendale, Glendale Galleria, The Americana, Universal and Burbank Studios, Toluca Lake Village, and the NoHo Arts District. Close to the 5 & 134 FWYS and Public transportation. This multi-family investment property provides an excellent rental location with additional upside in rental income.

Last Agent to Sell the Property

Tracie Heileson

Douglas Elliman of California, Inc. License #01432936 Listed on: 03/18/2020

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,525

Year Built

  • Built in 1987

Lot Details

  • 5,169

Parking

  • 7 Car Garage

Home Design

  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • 3-Story Property
  • 5,169 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 19 / 1
  • Assessor Parcel Number 5621030025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $23,125
  • Net Operating Income $45,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,525

Year Built

Built in 1987

Lot Details

0

Parking

7

Listing Details

  • CapRate: 2.47
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5621030025
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Entry Location: Ground Level With Steps
  • Levels: Multi/Split

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5169.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 23.86
  • Lot Size Area: 5169.0000 Square Feet
  • Net Operating Income: 45780.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8615.00

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Block: 1
  • Tax Lot: 19
  • Tax Tract: 3652

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Apr 29, 2020
Sold by
Barton George P and The Wight Family Trust
Bought by
Fermanyan Minas and Fermanyan Lusik
Seller's Agent
Tracie Heileson
Douglas Elliman of California, Inc.
List Price
$1,850,000
Sold Price
$1,720,000
Premium/Discount to List
-$130,000
-7.03%
Current Estimated Value
$2,241,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,014
Avg. Annual Appreciation
5.20%
Original Mortgage
$1,290,000
Outstanding Balance
$1,143,486
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,097,528

Purchase Details

Closed on
Apr 12, 2006
Sold by
Wight Paul A and Wight Mary M
Bought by
Wight Paul A and Wight Mary M
Source: Public Records

Range of Values:

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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
Fermanyan Minas $1,720,000 Orange Coast Ttl Co Of Socal
Wight Paul A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fermanyan Minas $1,290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $1,720,000 -7.0% $350 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $1,850,000 -- $376 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $20,525 $1,881,066 $1,126,453 $754,613
2024 $20,525 $1,844,183 $1,104,366 $739,817
2023 $20,059 $1,808,023 $1,082,712 $725,311
2022 $19,712 $1,772,573 $1,061,483 $711,090
2021 $19,363 $1,737,818 $1,040,670 $697,148
2020 $9,251 $812,414 $243,322 $569,092
2019 $9,032 $796,485 $238,551 $557,934
2018 $8,853 $780,869 $233,874 $546,995
2016 $8,410 $750,549 $224,794 $525,755
2015 $8,242 $739,276 $221,418 $517,858
2014 $8,189 $724,795 $217,081 $507,714
Source: Public Records

Agents Affiliated with this Home

  • Tracie Heileson

    Seller's Agent in 2020

    Tracie Heileson

    Douglas Elliman of California, Inc.

    (626) 204-5252

    18 Total Sales

    Tracie Heileson
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820001103

Pasadena-Foothills Association of REALTORS®

APN: 5621-030-025

California Los Angeles County Glendale 91201 Grandview

1145 Spazier Ave, Glendale, CA

This home is located at 1145 Spazier Ave, Glendale, CA 91201 since 18 March 2020 and is currently estimated at $2,241,014, approximately $455 per square foot. This property was built in 1987. 1145 Spazier Ave is a home located in Los Angeles County with nearby schools including Balboa Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover High School.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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