NOT LISTED FOR SALE

Estimated Value: $1,034,000 - $1,227,000

3 Beds
2 Baths
1,498 Sq Ft
$757/Sq Ft Est. Value

Last Sold November 23, 2012

Last sale price $485,000 $324 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $6,309/month

204 Days on Market

About This Home

As of November 2012

Remodeled two units in one of the best rental areas of Glendale. One unit is a two bedroom, one bath leased at $1,480 and the other is a one bedroom, one bath leased at $1,000. Both units have central air and heat, newer windows and doors, updated kitchens and fixtures, granite counter tops, newer baths, and newer floors. A good size back yard and two separate single car garages make this an ideal investment or a home for an extended family.

Last Agent to Sell the Property

Nick and Mike

Keller Williams R. E. Services License #00976678 Listed on: 05/03/2012

Keller Williams R. E. Services

Last Buyer's Agent

Armen Abrahamians

The Global Brokerage Inc. License #01848834

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 1,498 Sq Ft Home
  • Ranch Style House
  • Property Attached
  • Frame Construction

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 5680006024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $4,800
  • Gross Income $29,760
  • Net Operating Income $24,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 5680006024
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 323.77

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Operating Income: 29760.00
  • Gross Scheduled Income: 29760.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 24960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 4800.00
  • Total Expenses: 4800.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2012
Closed on
Oct 5, 2012
Sold by
1330 Harvard Property Llc
Bought by
Gharagedaghi Rojen A
Seller's Agent
Nick and Mike
Keller Williams R. E. Services
Buyer's Agent
Armen Abrahamians
The Global Brokerage Inc.
Sold Price
$485,000
Current Estimated Value
$1,093,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,007
Avg. Annual Appreciation
6.71%
Original Mortgage
$388,000
Outstanding Balance
$266,701
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$867,358

Purchase Details

Closed on
May 14, 2009
Sold by
Arzoomanian Garen and Arzoomanian Alma
Bought by
1330 Harvard Property Llc

Purchase Details

Closed on
Feb 29, 2008
Sold by
Wilmington Finance Inc
Bought by
Arzoomanian Garen and Arzoomanian Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2007
Sold by
Hovanessian Nora
Bought by
Wilmington Finance Inc

Purchase Details

Closed on
Jun 13, 2006
Sold by
Flores Florencio and Flores Angeles
Bought by
Hovanessian Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,600
Interest Rate
7.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1998
Sold by
Luna Felix Mendoza
Bought by
Flores Florencio and Flores Angela

Purchase Details

Closed on
May 13, 1998
Sold by
Delaney Trust Dullea Kenneth C Jr Tr Berdella and Coke Lillian
Bought by
Flores Florencio and Flores Angeles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,186
Interest Rate
7.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gharagedaghi Rojen A $485,000 Chicago Title Company
1330 Harvard Property Llc -- Accommodation
Arzoomanian Garen -- Accommodation
Arzoomanian Garen $525,000 Chicago Title Insurance Co
Wilmington Finance Inc $133,822 Accommodation
Hovanessian Nora $602,000 Fidelity National Title Co
Flores Florencio -- --
Flores Florencio $160,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharagedaghi Rojen A $388,000
Previous Owner Arzoomanian Garen $420,000
Previous Owner Hovanessian Nora $481,600
Previous Owner Flores Florencio $156,186
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2012 11/23/12 Sold $485,000 -- $324 / Sq Ft
11/23/2012 11/23/12 Pending -- -- --
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 $6,781 $597,231 $387,894 $209,337
2024 $6,646 $585,522 $380,289 $205,233
2023 $6,498 $574,042 $372,833 $201,209
2022 $6,385 $562,787 $365,523 $197,264
2021 $6,275 $551,753 $358,356 $193,397
2019 $6,038 $535,389 $347,728 $187,661
2018 $5,850 $524,892 $340,910 $183,982
2016 $5,579 $504,512 $327,673 $176,839
2015 $5,465 $496,935 $322,752 $174,183
2014 $5,426 $487,201 $316,430 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 12164059

California Regional Multiple Listing Service (CRMLS)

APN: 5680-006-024