'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
4 in Grandview
$648K - $2.5M Price Range
1148 Justin Ave Glendale, CA 91201
Grandview NeighborhoodEstimated Value: $1,166,991
2
Beds
1
Bath
981
Sq Ft
$1,190/Sq Ft
Est. Value
Highlights
- Quartz Countertops
- Breakfast Area or Nook
- Laundry Room
- No HOA
- Bathtub with Shower
- Forced Air Heating and Cooling System
About This Home
As of April 2026GLR4YY-Zoned Glendale Property with Expansion Plans in Progress
This 2-bedroom, 1-bathroom home in desirable Glendale presents an exceptional investment and development opportunity. The property is located in one of the best rental areas in Glendale, making it especially attractive for investors seeking strong and stable income potential.
The house is generating $3,150 per month in rental income, providing immediate cash flow.
After a two-year waiting period, the owner has secured their turn to submit architectural plans to the Glendale Design Review Board for approval. PROPOSED IMPPROVEMENTS INCLUDE: REAR NEW CONSTRUCTION:
Brand-new two-story residence
2 bedrooms, 3 bathrooms
1,783 sq ft of living space
512 sq ft attached garage
Open -concept layout with spacious living areas FROM EXISTING HOME EXPANSION: Addition of 416 sq ft
Total living space to become 1,380 sq ft
Reconfigured to 3 bedrooms and 2 bathrooms
Open floor plan with improved flow and functionality Upon approval, the owner will also have the opportunity to convert the existing front house garage into a Junior ADU (Accessory Dwelling Unit), creating additional rental income potential.
Agents can access and review the complete architectural plan set and related invoice in the MLS listing supplements. The new buyer will be responsible for paying the required fees and formally submitting the plans for review.
This property offers a rare chance to acquire a home with expansion plans prepared and ready for submission — ideal for investors, developers, or owner-users looking to maximize value and income potential.
Last Agent to Sell the Property
Remax Optima Brokerage Phone: 818-355-5589 License #01362407 Listed on: 02/24/2026
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Home Details
Home Type
- Single Family
Year Built
- Built in 1925
Lot Details
- 8,620 Sq Ft Lot
- Rectangular Lot
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- Parking Available
- Front Facing Garage
- Driveway
Home Design
- Entry on the 1st floor
- Fire Rated Drywall
Interior Spaces
- 981 Sq Ft Home
- 1-Story Property
- Decorative Fireplace
- Family Room
- Laminate Flooring
Kitchen
- Breakfast Area or Nook
- Gas Range
- Microwave
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 2 Bedrooms | 1 Main Level Bedroom
- 1 Full Bathroom
- Quartz Bathroom Countertops
- Bathtub with Shower
Laundry
- Laundry Room
- Gas Dryer Hookup
Outdoor Features
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
- Sewer Paid
Community Details
- No Home Owners Association
- Laundry Facilities
Listing and Financial Details
- Tax Lot A
- Tax Tract Number 5696
- Assessor Parcel Number 5623011016
- $279 per year additional tax assessments
- Seller Considering Concessions
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2026
Closed on
Mar 26, 2026
Sold by
Bought by
Seller's Agent
Raymond Ovsepyan
Remax Optima
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,248,000
Sold Price
$1,185,000
Premium/Discount to List
-$63,000
-5.05%
Views
6
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
-$18,009
Avg. Annual Appreciation
-4.98%
Original Mortgage
$829,500
Outstanding Balance
$826,172
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$340,819
Purchase Details
Listed on
Feb 24, 2026
Closed on
Mar 9, 2026
Sold by
Bought by
Seller's Agent
Raymond Ovsepyan
Remax Optima
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,248,000
Sold Price
$1,185,000
Premium/Discount to List
-$63,000
-5.05%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,500
Outstanding Balance
$826,172
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$340,819
Purchase Details
Closed on
Dec 2, 2023
Sold by
Bought by
Purchase Details
Closed on
Oct 20, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,220
Interest Rate
3.94%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 3, 2014
Sold by
Bought by
Purchase Details
Closed on
Dec 1, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,500
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 1, 1998
Sold by
Bought by
Purchase Details
Closed on
Jun 10, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grandview, CA
-
'Vic' Vartan Markarian
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
83 Total Sales
4 in Grandview
$940K - $6.1M Price Range
-
The Kate Christiansen Group
The Kate Christiansen Group
Equity Union
(661) 347-2167
174 Total Sales
1 in Grandview
$950,000 Price
-
Vahan Avanesyan
Vahan Avanesyan
Pinnacle Estate Properties
(323) 613-3290
44 Total Sales
2 in Grandview
$2,143,000 Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Grandview
$694,000 Price
-
Grant Thiem
Grant Thiem
Keller Williams Realty
(619) 257-5233
15 Total Sales
1 in Grandview
$1,300,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Lawyers Title Company | ||
| $1,185,000 | Lawyers Title Company | ||
| -- | None Listed On Document | ||
| $730,000 | Lawyers Title | ||
| -- | None Available | ||
| -- | Advantage Title 365 | ||
| $164,000 | Gateway Title Company | ||
| $135,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $829,500 | ||
| Previous Owner | $322,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $1,550,000 | ||
| Previous Owner | $594,220 | ||
| Previous Owner | $286,500 | ||
| Previous Owner | $180,000 | ||
| Previous Owner | $180,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | Sold | $1,185,000 | -5.0% | $1,208 / Sq Ft |
| 03/04/2026 03/04/26 | Pending | -- | -- | -- |
| 02/24/2026 02/24/26 | For Sale | $1,248,000 | -- | $1,272 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,294 | $830,609 | $664,489 | $166,120 |
| 2024 | $9,080 | $814,323 | $651,460 | $162,863 |
| 2023 | $8,874 | $798,357 | $638,687 | $159,670 |
| 2022 | $8,719 | $782,704 | $626,164 | $156,540 |
| 2021 | $8,575 | $767,358 | $613,887 | $153,471 |
| 2019 | $8,247 | $744,600 | $595,680 | $148,920 |
| 2018 | $8,056 | $730,000 | $584,000 | $146,000 |
| 2017 | $2,584 | $225,619 | $180,501 | $45,118 |
| 2016 | $2,500 | $221,196 | $176,962 | $44,234 |
| 2015 | $2,450 | $217,874 | $174,304 | $43,570 |
| 2014 | $2,438 | $213,607 | $170,890 | $42,717 |
Source: Public Records
Agents Affiliated with this Home
-
Raymond Ovsepyan
Seller's Agent in 2026
Raymond Ovsepyan
RE/MAX
(818) 355-5589
2 in this area
46 Total Sales
-
Andre Ovsepyan
A
Seller Co-Listing Agent in 2026
Andre Ovsepyan
Tigran Abgaryan RE
(818) 477-7899
2 in this area
2 Total Sales
-
G
Buyer's Agent in 2026
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD26034986
APN: 5623-011-016
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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