NOT LISTED FOR SALE

1300 Stanley Ave Glendale, CA 91206

Citrus Grove Neighborhood

Estimated Value: $1,062,000 - $1,339,160

4 Beds
2 Baths
1,755 Sq Ft
$681/Sq Ft Est. Value

Last Sold May 07, 2018

Last sale price $725,000 $413 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,031/month

278 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • 1-Story Property
  • Gated Parking
  • 2 Car Garage

About This Home

As of May 2018

ATTENTION: BUILDERS, DEVELOPERS, INVESTORS or HOMEBUYERS! 2 BUILDINGS IN A LOT. Transform this duplex into your own desired habitat or investment cash-cow. Or live in one and rent the other or build a 4-unit complex. A gem in the midst of a nice street of Glendale condominiums. Come, see this Duplex which the City of Glendale zoned R1650, Medium High Density Residential (previously zoned GLR4YY). As per City of Glendale Planning Division. a maximum of 4 units can be built on this property. Highly accessible to freeways CA-134, CA-2, CA-210 and I-5. Located between Chevy Chase Drive and N Verdugo Road. County Recorder's office says 3 bedrooms and 2 baths, but seller says the front house has 2 bedrooms and 1 full bath; and the house at the back has also 2 bedrooms and 1 bath. Sold AS-IS, fixer-upper. About a mile from the Glendale Galleria, Americana and walking distance to other best shopping, dining and entertainment centers of Glendale. Buyers to do their own investigation to satisfy themselves. Place an offer today before somebody else does.

Last Agent to Sell the Property

Mariano Solinap

REALTY MASTERS & ASSOCIATES License #01795547 Listed on: 04/18/2017

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Venancio Lanoy

No Firm Affiliation License #00835121

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 6,757 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Gated Parking
  • RV Access or Parking
  • Unassigned Parking

Home Design

  • Duplex

Interior Spaces

  • 1,755 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 3
  • Assessor Parcel Number 5645021011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $630
  • Trash Expense $480
  • Water Sewer Expense $600
  • New Taxes Expense $2,089
  • Operating Expense $3,799
  • Gross Income $8,400
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Zoning: GLR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5645021011
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 413.11
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage - Single Door, Gated, Private, RV Access/Parking, RV Potential, Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6757.00
  • Lot Size Acres: 0.1551

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 8400.00
  • Gross Operating Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 630.00
  • Lot Size Area: 6757.0000 Square Feet
  • Net Operating Income: 32400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 3799.10
  • Vacancy Allowance Rate: 50.00

Tax Info

  • New Taxes Expense: 2089.10
  • Tax Census Tract: 3020.04
  • Tax Lot: 3
  • Tax Tract Number: RUSSEL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2019
Sold by
Asatryan Gayane
Bought by
The Gayane Asatryan Living Trust
Current Estimated Value
$1,194,790

Purchase Details

Closed on
Dec 18, 2018
Sold by
Khechumyan Gevork and Asatryan Gayane
Bought by
Asatryan Gayane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$352,409
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$842,382

Purchase Details

Listed on
Apr 18, 2017
Closed on
Apr 13, 2018
Sold by
Guerrero Fred V
Bought by
Khechmyan Gevork and Asatryan Gayane
Seller's Agent
Mariano Solinap
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Venancio Lanoy
No Firm Affiliation
List Price
$729,000
Sold Price
$725,000
Premium/Discount to List
-$4,000
-0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$400,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Gayane Asatryan Living Trust -- None Available
Asatryan Gayane -- Lawyers Title
Khechmyan Gevork $725,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asatryan Gayane $400,000
Closed Khechmyan Gevork $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2018 05/07/18 Sold $725,000 -0.5% $413 / Sq Ft
02/26/2018 02/26/18 For Sale $729,000 0.0% $415 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $729,000 +0.6% $415 / Sq Ft
10/13/2017 10/13/17 Off Market $725,000 -- --
06/01/2017 06/01/17 For Sale $729,000 +0.6% $415 / Sq Ft
05/05/2017 05/05/17 Off Market $725,000 -- --
04/18/2017 04/18/17 For Sale $729,000 -- $415 / Sq Ft
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 $9,413 $858,664 $556,446 $302,218
2024 $9,413 $841,829 $545,536 $296,293
2023 $9,200 $825,324 $534,840 $290,484
2022 $9,040 $809,142 $524,353 $284,789
2021 $8,885 $793,277 $514,072 $279,205
2020 $8,758 $785,144 $508,801 $276,343
2019 $8,220 $739,500 $517,650 $221,850
2018 $2,207 $187,932 $169,190 $18,742
2016 $2,089 $180,636 $162,621 $18,015
2015 $2,049 $177,924 $160,179 $17,745
2014 $2,045 $174,440 $157,042 $17,398
Source: Public Records

Agents Affiliated with this Home

  • Mariano Solinap

    Seller's Agent in 2018

    Mariano Solinap

    REALTY MASTERS & ASSOCIATES

    (323) 387-8503

    29 Total Sales

    Mariano Solinap
    Section Image

  • V

    Buyer's Agent in 2018

    Venancio Lanoy

    No Firm Affiliation

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17083421

California Regional Multiple Listing Service (CRMLS)

APN: 5645-021-011

California Los Angeles County Glendale 91206 Citrus Grove

1300 Stanley Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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