'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
114 Total Sales
8 in Citrus Grove
$615K - $1.1M Price Range
1243 Stanley Ave Glendale, CA 91206
Citrus Grove Neighborhood
5
Beds
5
Baths
27,000
Sq Ft
0.57
Acre Lot
Highlights
- 24,652 Sq Ft lot
- Laundry Room
- 5-minute walk to Wilson Mini Park
- Subterranean Parking
- Central Heating and Cooling System
About This Home
As of March 2016This sprawling Spanish Villa style property is comprised of 33 Apartment Homes. This immaculately maintained trophy asset is located in the coveted Southern California community of Glendale. Flanked by lush landscaping, it exemplifies a sense of serenity and privacy within the access controlled campus like setting. This non rent controlled property was constructed by the seller in 1986 and features an excellent unit mix: 12 - 1 Bedroom + 1 Bathroom units, 18 - 2 Bedroom + 2 Bathroom units, and 3 - 2 Bedroom + 2 Bathroom Town home units. Rents are approximately 20% below market, which could provide investors with a significant re-positioning opportunity. Pro forma cap rate is 4.62% and Pro forma GRM is 14.27. Please drive by only. Do not walk on the property grounds, or disturb tenants. We are showing this asset with an accepted offer only. All submitted offers should be accompanied by proof of funds.
Last Agent to Sell the Property
Kristy Elaine
Redfin License #01948906 Listed on: 10/26/2015
Last Buyer's Agent
Kristy Elaine
Redfin License #01948906 Listed on: 10/26/2015
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.57
Interior Spaces
- 27,000 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 55 Parking Spaces
- Subterranean Parking
Additional Features
- 24,652 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 33 Units
Listing and Financial Details
- Assessor Parcel Number 5645-003-080
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
Closed on
Aug 14, 2025
Sold by
Sikder Family Trust and Faruque Sikder
Bought by
Purchase Details
Listed on
Oct 26, 2015
Closed on
Mar 18, 2016
Sold by
Villa Vienna Ltd
Bought by
The Sikder Family Trust
Seller's Agent
Kristy Elaine
Redfin
Buyer's Agent
Kristy Elaine
Redfin
List Price
$10,725,000
Sold Price
$10,475,000
Premium/Discount to List
-$250,000
-2.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,310,000
Interest Rate
3.65%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Citrus Grove, CA
-
'Vic' Vartan Markarian
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
80 Total Sales
1 in Citrus Grove
$725,000 Price
-
Amalia Khachikian
Amalia Khachikian
Responds QuicklyBerkshire Hathaway HomeServices California Properties
(424) 359-1579
42 Total Sales
1 in Citrus Grove
$695,000 Price
-
Colin Hoffmeister
Colin Hoffmeister
eXp Realty of California Inc
(424) 414-2133
15 Total Sales
3 in Citrus Grove
$625K - $750K Price Range
-
Sonia Amen
Sonia Amen
Lux Living Estates
(562) 268-0958
33 Total Sales
1 in Citrus Grove
$535,000 Price
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
164 Total Sales
2 in Citrus Grove
$1.5M - $2.4M Price Range
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 |
|---|---|---|---|
| -- | Chicago Title Company | ||
| The Sikder Family Trust | $10,475,000 | Lawyers Title |
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 |
|---|---|---|---|
| Previous Owner | $7,390,000 | ||
| Previous Owner | Sikder Faruque | $6,570,000 | |
| Previous Owner | The Sikder Family Trust | $5,310,000 | |
| Previous Owner | Villa Vienna Ltd | $3,153,000 |
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 |
|---|---|---|---|---|
| 03/24/2016 03/24/16 | Sold | $10,475,000 | -2.3% | $388 / Sq Ft |
| 01/07/2016 01/07/16 | Pending | -- | -- | -- |
| 10/26/2015 10/26/15 | For Sale | $10,725,000 | -- | $397 / Sq Ft |
Source: The MLS
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 |
|---|---|---|---|---|
| 2026 | $137,644 | $12,648,279 | $5,041,198 | $7,607,081 |
| 2025 | $137,644 | $12,400,274 | $4,942,351 | $7,457,923 |
| 2024 | $135,090 | $12,157,133 | $4,845,443 | $7,311,690 |
| 2023 | $132,015 | $11,918,759 | $4,750,435 | $7,168,324 |
| 2022 | $129,757 | $11,685,059 | $4,657,290 | $7,027,769 |
| 2021 | $127,503 | $11,455,941 | $4,565,971 | $6,889,970 |
| 2019 | $122,626 | $11,124,903 | $4,430,543 | $6,694,360 |
| 2018 | $120,845 | $10,906,940 | $4,343,670 | $6,563,270 |
| 2016 | $44,930 | $3,970,478 | $873,093 | $3,097,385 |
| 2015 | $44,037 | $3,910,839 | $859,979 | $3,050,860 |
| 2014 | $43,844 | $3,834,232 | $843,134 | $2,991,098 |
Source: Public Records
Agents Affiliated with this Home
-
KE
Seller's Agent in 2016
Kristy Elaine
Redfin
-
Larry Cannizzaro
LC
Seller Co-Listing Agent in 2016
Larry Cannizzaro
Lawrence Frank Cannizzaro
(310) 963-4870
3 Total Sales
Map
Source: The MLS
MLS Number: 15-953885
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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.
Nearby Homes
- 1304 Stanley Ave Unit 10
- 1245 E California Ave Unit 2
- 1121 E Wilson Ave Unit 12
- 219 N Adams St Unit 8
- 232 N Belmont St
- 312 N Belmont St
- 335 N Adams St Unit 112
- 335 N Adams St
- 201 N Belmont St
- 443 Woodbury Rd
- 301 N Belmont St Unit 105
- 1459 Stanley Ave
- 1232 E Harvard St
- 128 Lukens Place
- 1457 E California Ave
- 444 Piedmont Ave Unit 216
- 1321 Orange Grove Ave
- 0 Sinclair Ave Unit GD26013537
- 1485 E Wilson Ave Unit L
- 606 Galer Place
- 1224 Stanley Ave
- 1224 Stanley Ave Unit 6
- 1224 Stanley Ave Unit 5
- 1224 Stanley Ave Unit 4
- 1224 Stanley Ave Unit 2
- 1224 Stanley Ave Unit 1
- 1224 Stanley Ave Unit 10
- 1224 Stanley Ave Unit 9
- 1224 Stanley Ave Unit 8
- 1224 Stanley Ave Unit 7
- 1220 Stanley Ave Unit 1
- 1220 Stanley Ave
- 1220 Stanley Ave Unit 2
- 1218 Stanley Ave
- 1229 E Wilson Ave Unit 304
- 1229 E Wilson Ave Unit 303
- 1229 E Wilson Ave Unit 302
- 1229 E Wilson Ave Unit 301
- 1229 E Wilson Ave Unit 204
- 1229 E Wilson Ave Unit 203
Your Personal Tour Guide
Ask me questions while you tour the home.