NOT LISTED FOR SALE

Estimated Value: $1,648,000 - $2,190,000

6 Beds
4 Baths
4,158 Sq Ft
$479/Sq Ft Est. Value

Last Sold March 19, 2024

Last sale price $2,065,000 $497 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $11,556/month

8 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Back Yard
  • Cooling System Mounted To A Wall/Window
  • Awning

About This Home

As of March 2024

Introducing a prime investment opportunity between the College Hills and Woodbury neighborhoods of Glendale. This 4-plex is comprised of two 2 bed/1bath units and two 1bed/1bath units. Each apartment is equipped with large closets, built in shelving and in-unit laundry as well as air conditioning, ceiling fans and front and rear doors.  Two units have updated kitchens and bathrooms.  Each unit has an assigned single car garage.  The building was recently painted and has been lovingly maintained by the same family for decades.  With its desirable location, well-maintained units and stable tenant base, this investment offers both immediate returns and long-term growth potential.

Last Agent to Sell the Property

Katie Manes

Keller Williams Realty License #02190642 Listed on: 02/19/2024

Keller Williams Realty

Last Buyer's Agent

Raffi Soualian

JohnHart Real Estate License #01887303

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,708

Year Built

  • Built in 1950

Lot Details

  • 6,910 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,158 Sq Ft Home
  • 2-Story Property
  • Awning
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 14384
  • Assessor Parcel Number 5665003009
  • $457 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $100
  • Gardener Expense $5,200
  • Insurance Expense $5,000
  • Other Expense $19,342
  • Trash Expense $800
  • Water Sewer Expense $1,500
  • Operating Expense $32,442
  • Gross Income $110,000
  • Net Operating Income $81,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,708

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 400000
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 5200.00
  • Parcel Number: 5665003009
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 496.63

Exterior Features

  • Exterior Features: Awning(s), Rain Gutters
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot
  • Lot Size Sq Ft: 6910.00
  • Lot Size Acres: 0.1586
  • Latitude Manual: 34.15790800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 1000 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Electric Expense: 500.00
  • Fuel Expense: 100.00
  • Gross Income: 110000.00
  • Gross Scheduled Income: 114240.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 6910.0000 Square Feet
  • Net Operating Income: 81798.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 2
  • Operating Expense: 32442.00
  • Other Expense: 19342.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Actual Rent: 9520.00
  • Total Expenses: 32442.00

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 14384
  • TaxOtherAnnualAssessmentAmount: 456.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Feb 28, 2024
Sold by
Peters Family Trust
Bought by
Hanayan Chris Serge and Hanayan Gregory K
Seller's Agent
Katie Manes
Keller Williams Realty
Buyer's Agent
Raffi Soualian
JohnHart Real Estate
List Price
$1,600,000
Sold Price
$2,065,000
Premium/Discount to List
$465,000
29.06%
Views
20
Current Estimated Value
$1,991,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,476
Avg. Annual Appreciation
-2.48%
Original Mortgage
$1,445,500
Outstanding Balance
$1,422,856
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$568,668

Purchase Details

Closed on
Apr 18, 2008
Sold by
Peters Tom C and Peters Melinda J
Bought by
Peters Tom C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Hanayan Chris Serge $2,065,000 Fidelity National Title
Peters Tom C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanayan Chris Serge $1,445,500
Previous Owner Peters Tom C $223,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 Sold $2,065,000 +29.1% $497 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $1,600,000 -- $385 / 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 $8,708 $2,106,300 $1,116,900 $989,400
2024 $8,708 $759,991 $300,243 $459,748
2023 $8,516 $745,090 $294,356 $450,734
2022 $8,368 $730,482 $288,585 $441,897
2021 $8,208 $716,160 $282,927 $433,233
2019 $7,899 $694,920 $274,536 $420,384
2018 $7,739 $681,295 $269,153 $412,142
2016 $7,354 $654,841 $258,702 $396,139
2015 $7,207 $645,006 $254,817 $390,189
2014 $7,165 $632,372 $249,826 $382,546
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24034356

California Regional Multiple Listing Service (CRMLS)

APN: 5665-003-009