NOT LISTED FOR SALE

1351 Carlton Dr Glendale, CA 91205

Citrus Grove Neighborhood

Estimated Value: $2,367,000 - $2,916,000

10 Beds
12 Baths
5,512 Sq Ft
$479/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $2,500,000 $454 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $16,191/month

6 Days on Market

About This Home

As of October 2023

We are pleased to introduce the Carlton Townhomes in Glendale. The offering is indeed a rare and one-of-a-kind opportunity in Glendale. In addition to being 1 of only 13 4-unit assets built in the 80’s, within Glendale’s 656 4-unit building stock, Carlton also boasts in-demand large 3 & 2 bedroom units with expansive floorplans. Tenants enjoy in-unit washer & dryer hookups, central air & heat, sizable private patio space, walk-in closets, secured subterranean parking & controlled intercom access. WalkScore® labels Carlton as a “Walker’s Paradise” assigning a 93 score. Steps to Glendale High School, Starbucks, and a host of restaurants, cafes, shops & services. Currently, there is 1 vacancy providing an opportunity either for an owner-user or for a modernization of the unit to achieve prevailing rents. Ease of management and upside potential renders a great long-term hold.

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 08/11/2023

Keller Williams World Media Center

Last Buyer's Agent

Anush Ferakhyan

The One Luxury Properties License #01787714

The One Luxury Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 5,341 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 5,512 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 8455
  • Assessor Parcel Number 5680002030
  • $547 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Gross Income $126,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: GLR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5680002030
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 453.56

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Upper Level
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5341.00
  • Lot Size Acres: 0.1226

Multi Family

  • Gross Income: 126200.00
  • Gross Scheduled Income: 126200.00
  • Lot Size Area: 5341.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 3021.03
  • Tax Lot: 13
  • Tax Tract Number: 8455
  • TaxOtherAnnualAssessmentAmount: 547.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Baghramyan Karen
Bought by
Karen Nikolaevich Bagramyan And Lilit Arakely and Bagramyan
Current Estimated Value
$2,639,136

Purchase Details

Listed on
Aug 11, 2023
Closed on
Sep 25, 2023
Sold by
1351 Carlton Drive Llc
Bought by
Baghramyan Karen
Seller's Agent
Levon Alexanian
Keller Williams World Media Center
Buyer's Agent
Anush Ferakhyan
The One Luxury Properties
List Price
$2,450,000
Sold Price
$2,500,000
Premium/Discount to List
$50,000
2.04%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Original Mortgage
$1,500,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2023
Closed on
Sep 21, 2023
Sold by
Arakelyan Lilit
Bought by
Baghramyan Karen
Seller's Agent
Levon Alexanian
Keller Williams World Media Center
Buyer's Agent
Anush Ferakhyan
The One Luxury Properties
List Price
$2,450,000
Sold Price
$2,500,000
Premium/Discount to List
$50,000
2.04%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2021
Closed on
Jan 15, 2022
Sold by
Bagramyan and Alina
Bought by
1351 Carlton Drive Llc
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$2,250,000
Sold Price
$2,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
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
Karen Nikolaevich Bagramyan And Lilit Arakely -- None Listed On Document
Baghramyan Karen $2,500,000 Chicago Title Company
Baghramyan Karen -- Chicago Title Company
1351 Carlton Drive Llc -- Accommodation/Courtesy Recordi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baghramyan Karen $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2023 10/30/23 Sold $2,500,000 +2.0% $454 / Sq Ft
08/11/2023 08/11/23 For Sale $2,450,000 +8.9% $444 / Sq Ft
12/14/2021 12/14/21 Sold $2,250,000 0.0% $408 / Sq Ft View Prior Sale
11/10/2021 11/10/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $2,250,000 -- $408 / 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 $27,700 $2,550,000 $1,020,000 $1,530,000
2024 $27,700 $2,500,000 $1,000,000 $1,500,000
2023 $25,381 $2,295,000 $918,000 $1,377,000
2022 $24,942 $2,250,000 $1,750,000 $500,000
2021 $9,640 $839,651 $131,337 $708,314
2019 $9,278 $814,749 $127,443 $687,306
2018 $9,082 $798,775 $124,945 $673,830
2016 $8,622 $767,760 $120,095 $647,665
2015 $8,449 $756,229 $118,292 $637,937
2014 $8,394 $741,416 $115,975 $625,441
Source: Public Records

Agents Affiliated with this Home

  • Levon Alexanian

    Seller's Agent in 2023

    Levon Alexanian

    Keller Williams World Media Center

    (818) 219-3366

    4 in this area

    20 Total Sales

    Levon Alexanian
    Section Image
  • Anush Ferakhyan

    Buyer's Agent in 2023

    Anush Ferakhyan

    The One Luxury Properties

    (818) 468-5356

    1 in this area

    30 Total Sales

    Anush Ferakhyan
    Section Image
  • Cindy Hill

    Seller's Agent in 2021

    Cindy Hill

    Equity Union

    (818) 640-8360

    3 in this area

    78 Total Sales

    Cindy Hill
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23149681

California Regional Multiple Listing Service (CRMLS)

APN: 5680-002-030

California Los Angeles County Glendale 91205 Citrus Grove

1351 Carlton Dr, Glendale, CA

Not Listed for Sale

MultiFamily

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