NOT LISTED FOR SALE

1304 E Wilson Ave Glendale, CA 91206

Citrus Grove Neighborhood

Estimated Value: $1,257,000 - $2,004,114

6 Beds
5 Baths
2,807 Sq Ft
$591/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $1,339,000 $477 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $10,133/month

21 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Neighborhood Views
  • Open Floorplan
  • Stone Countertops
  • 5-minute walk to Wilson Mini Park

About This Home

As of June 2017

**Attention All Investors!!! Amazing Property!!! Perfect Opportunity to own a 4Plex in a Very Desirable Area of Glendale. Unique Combination of Units includes 3 bedroom 2 bath Single Family Residence with Central A/C, Hardwood Floors, Marble Counter Tops, Cozy Fireplace and Large Porch in front. Other 3 Units are separate, Detached Building in the back with 1Bed/1Bath each. All Units have Open Floor Plan and are Very Bright. Units are Metered Separately, therefore Minimal Owner Operating Expense. Separate Laundry area on the first floor of the back building, which can be converted into a coin operated system in order to generate additional income. This Property is a Once in a Lifetime Opportunity to Add to an Existing Portfolio or become an Owner Occupied Investor. Rare Opportunity! Act Quickly!! No Rent Control!!! **

Last Agent to Sell the Property

Gohar Yesayan

No Firm Affiliation License #01249606 Listed on: 04/26/2017

No Firm Affiliation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,134 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Front Yard Sprinklers
  • Garden
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,807 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Double Pane Windows
  • French Mullion Window
  • Living Room with Fireplace
  • Storage
  • Laundry Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms
  • Spa Bath

Outdoor Features

  • Spa
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, sewer, telephone, trash collection, water
  • Tax Lot 12
  • Tax Tract Number 168
  • Assessor Parcel Number 5645026020

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $1,000
  • New Taxes Expense $14,625
  • Operating Expense $16,625
  • Gross Income $38,400
  • Net Operating Income $87,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,134 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5645026020
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Crown Molding, Open Floorplan, Stone Counters, Storage
  • Common Walls: 1 Common Wall
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 477.02
  • Spa Features: Bath
  • Window Features: Double Pane Windows, French/Mullioned

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Lot 6500-9999, Rectangular Lot, Sprinkler System, Sprinklers In Front, Sprinklers Manual
  • Lot Size Sq Ft: 7134.00

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Telephone, Trash Collection, Water

Multi Family

  • Gross Income: 38400.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 87300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 6300.00
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 16625.00

Tax Info

  • New Taxes Expense: 14625.00
  • Tax Census Tract: 3020.04
  • Tax Lot: 12
  • Tax Tract Number: 168

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
May 18, 2017
Sold by
Indzheyan Karapet and Indzheyan Silva
Bought by
Minazad Yafa and Yafa Minazad Living Trust
Seller's Agent
Gohar Yesayan
No Firm Affiliation
List Price
$1,299,000
Sold Price
$1,339,000
Premium/Discount to List
$40,000
3.08%
Current Estimated Value
$1,658,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,279
Avg. Annual Appreciation
2.48%
Original Mortgage
$750,000
Outstanding Balance
$622,344
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,035,935

Purchase Details

Closed on
Nov 27, 2001
Sold by
Indzheyan Karapet
Bought by
Indzheyan Karapet and Indzheyan Silva

Purchase Details

Closed on
May 21, 1999
Sold by
Indzheyan Silvia
Bought by
Indzheyan Karapet

Purchase Details

Closed on
Feb 22, 1996
Sold by
Indzheyan Silva
Bought by
Indzheyan Karapet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.34%

Purchase Details

Closed on
Jan 17, 1996
Sold by
Zimmerer Myrtle
Bought by
Indzheyan Karapet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.34%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Minazad Yafa $1,339,000 Priority Title Company
Indzheyan Karapet -- --
Indzheyan Karapet -- First American Title Co
Indzheyan Karapet -- Commonwealth Land Title Co
Indzheyan Karapet $250,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minazad Yafa $750,000
Previous Owner Indzheyan Karapet $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $1,339,000 +3.1% $477 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $1,299,000 -- $463 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,932 $1,554,018 $812,407 $741,611
2024 $16,932 $1,523,548 $796,478 $727,070
2023 $16,547 $1,493,675 $780,861 $712,814
2022 $16,261 $1,464,388 $765,550 $698,838
2021 $15,983 $1,435,676 $750,540 $685,136
2020 $15,755 $1,421,416 $742,845 $678,571
2019 $15,371 $1,393,555 $728,280 $665,275
2018 $15,108 $1,366,240 $714,000 $652,240
2016 $3,943 $350,817 $159,972 $190,845
2015 $3,864 $345,549 $157,570 $187,979
2014 $3,856 $338,781 $154,484 $184,297
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Gohar Yesayan

    No Firm Affiliation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17090498

California Regional Multiple Listing Service (CRMLS)

APN: 5645-026-020

California Los Angeles County Glendale 91206 Citrus Grove

1304 E Wilson Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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