NOT LISTED FOR SALE

Estimated Value: $1,467,000 - $1,557,784

6 Beds
4 Baths
2,565 Sq Ft
$590/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $1,250,000 $487 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,255/month

14 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • Block Wall Fence
  • Laundry Room
  • Ceiling Fan
  • 5-minute walk to Windsor Mini Park

About This Home

As of July 2020

This is truly a rare opportunity located in the highly desirably city of Glendale, Ca walking distance to Colorado Street and minutes to the Americana at Brand, the Galleria, and Glendale College. This 3 unit property is comprised of a beautifully remodeled 4 bed/2 bath house in the front that is currently vacant and ready to move in. It offers an investor and/or owner-occupier an opportunity to acquire a pride of ownership investment in an extremely strong and trendy rental market. The property has a terrific unit mix of (1) 4 bed/2 bath front house unit and (2) 1 bed/1 bath units occupied with month to month tenants. This amazing building was built in 1953 with a total size of 2,655 SF, sitting on 8,303 SF lot zoned GL-R4. Prime Location in Glendale near Colorado Street, Verdugo Rd, Americana, Galleria, Glendale College, Eagle Rock Plaza, Pasadena, Burbank, Atwater Village, Freeways, and Restaurants & Shops.

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 05/19/2020

Last Buyer's Agent

Carolin Alaverdian

Balboa Real Estate, Inc. License #01929505

Balboa Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,823

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 8,277 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,565 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 4821
  • Assessor Parcel Number 5679028018

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $27,233
  • Gross Income $85,140
  • Net Operating Income $55,353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,823

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5679028018
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 487.33
  • Room Type: All Bedrooms Down, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8277.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 85140.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 85140.00
  • Lot Size Area: 8277.0000 Square Feet
  • Net Operating Income: 55353.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 27233.00
  • Rent Control: No
  • Total Expenses: 27233.00

Tax Info

  • Tax Census Tract: 3021.02
  • Tax Lot: 5
  • Tax Tract Number: 4821

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Gary Akopyan Karen and Gary Kristine
Bought by
Orange Clement Llc
Current Estimated Value
$1,512,696

Purchase Details

Listed on
May 19, 2020
Closed on
Jun 17, 2020
Sold by
Hollyvale Rental Holdings Llc
Bought by
Akopyan Karen Gary and Trdatyan Kristine
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Carolin Alaverdian
Balboa Real Estate, Inc.
List Price
$1,199,000
Sold Price
$1,250,000
Premium/Discount to List
$51,000
4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$937,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2020
Sold by
Champery Rental Reo Llc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Jul 17, 2019
Sold by
Hollyvale Rental Holdings Llc
Bought by
Champery Rental Reo Llc

Purchase Details

Closed on
May 8, 2019
Sold by
Wedgewood Intermediary I Llc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Apr 23, 2019
Sold by
Escatel Juan and Escatel Maria G
Bought by
Wedgewood Intermediary I Llc

Purchase Details

Closed on
Mar 5, 2006
Sold by
Pagliassotti Florence M and Florence M Pagliassotti Living
Bought by
Escatel Juan and Escatel Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 3, 2004
Sold by
Pagliassotti Florence M and Pagliassotti Ario J
Bought by
Pagliassotti Florence M and Florence M Pagliassotti Living
Source: Public Records

Range of Values:

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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
Orange Clement Llc -- None Listed On Document
Akopyan Karen Gary $1,250,000 Usa National Title Company
Hollyvale Rental Holdings Llc -- Synrgo Inc
Champery Rental Reo Llc -- None Available
Hollyvale Rental Holdings Llc $913,000 Chicago Title
Wedgewood Intermediary I Llc $913,000 Stewart Title Company
Escatel Juan $875,000 Southland Title Company
Pagliassotti Florence M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akopyan Karen Gary $937,500
Previous Owner Escatel Juan $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2020 07/22/20 Sold $1,250,000 +4.3% $487 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $1,199,000 -- $467 / 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 $14,823 $1,353,040 $811,824 $541,216
2024 $14,823 $1,326,510 $795,906 $530,604
2023 $14,488 $1,300,500 $780,300 $520,200
2022 $14,238 $1,275,000 $765,000 $510,000
2021 $13,995 $1,250,000 $750,000 $500,000
2020 $10,481 $931,260 $714,000 $217,260
2019 $11,942 $1,071,923 $949,424 $122,499
2018 $11,662 $1,050,906 $930,808 $120,098
2016 $9,289 $840,000 $745,000 $95,000
2015 $8,913 $810,000 $717,300 $92,700
2014 $7,771 $695,000 $615,500 $79,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20092531

California Regional Multiple Listing Service (CRMLS)

APN: 5679-028-018