NOT LISTED FOR SALE

1610 Riverside Dr Glendale, CA 91201

Riverside Rancho Neighborhood

Estimated Value: $1,340,000 - $1,751,032

4 Beds
3 Baths
2,145 Sq Ft
$715/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $1,225,000 $571 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,271/month

25 Days on Market

Highlights

  • Horse Property
  • Laundry Room
  • Back and Front Yard
  • Herbert Hoover High School Rated A-
  • Level Lot
  • 2-minute walk to Bette Davis Park

About This Home

As of April 2021

Zoned for horses!! The large 2,145 square foot property is located on a large 7,919 square foot lot! The main house has 1,551 square feet and features 3 bedrooms, 2 remodeled bathrooms, remodeled kitchen, formal dining room, den, and master suite!!! The 652 square foot guest house features 1 bedroom, 1 bathroom, and is rented at $2,000 per month! Studio garage is rented for $1,100 per month!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 02/12/2021

Last Buyer's Agent

Ryan Ridley

Equity Union License #02070255

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 7,919 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back and Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 2,145 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Horse Property
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 10391
  • Assessor Parcel Number 5626009007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,000
  • New Taxes Expense $16,250
  • Operating Expense $19,250
  • Gross Income $62,400
  • Net Operating Income $43,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.32
  • Property Attached: No
  • Zoning: GLR2H*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5626009007
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 571.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Horse Property, Level
  • Lot Size Sq Ft: 7919.00
  • Lot Size Acres: 0.1818

Multi Family

  • Gross Income: 62400.00
  • Gross Multiplier: 20.83
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7919.0000 Square Feet
  • Net Operating Income: 43150.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 19250.00
  • Rent Control: Yes
  • Total Expenses: 19250.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 3016.02
  • Tax Lot: 35
  • Tax Tract Number: 10391

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2014
Sold by
Ann Mastantuono Michele and Ann Mastatuono Mary
Bought by
Michele Mastantuono and Michele Marianne Mastantuo
Current Estimated Value
$1,534,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,070
Outstanding Balance
$331,189
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,203,069

Purchase Details

Closed on
Jan 4, 2008
Sold by
Mastantuono Michele and Mastantuono Marianne
Bought by
Mastantuono Michele and Mastantuono Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2007
Sold by
Mastantuono Michele
Bought by
Mastantuono Michele and Mastantuono Michele

Purchase Details

Closed on
Dec 5, 2006
Sold by
Mastantuono Mary Ann and Mastantuono Marianne
Bought by
Mastantuono Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
1.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2006
Sold by
Stephens Robert D and Stephens Charlene N
Bought by
Mastantuono Michele and Mastantuono Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,300
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 1997
Sold by
Stephens Robert D
Bought by
Stephens Robert D and Stephens Charlene N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.86%

Purchase Details

Closed on
Apr 15, 1997
Sold by
Stephens Charlene N
Bought by
Stephens Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.86%
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
Michele Mastantuono -- Wfg Title Company
Mastantuono Michele -- None Available
Mastantuono Michele -- Equity Title Company
Mastantuono Michele -- None Available
Mastantuono Michele -- Security Union Title Ins Co
Mastantuono Michele $699,000 Equity Title Company
Stephens Robert D -- --
Stephens Robert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michele Mastantuono $437,070
Closed Mastantuono Michele $432,000
Closed Mastantuono Michele $498,000
Closed Mastantuono Michele $489,300
Previous Owner Stephens Robert D $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $1,225,000 -5.8% $571 / Sq Ft
02/12/2021 02/12/21 For Sale $1,299,992 -- $606 / 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 $14,780 $1,325,976 $795,586 $530,390
2024 $14,450 $1,299,978 $779,987 $519,991
2023 $14,121 $1,274,490 $764,694 $509,796
2022 $13,877 $1,249,500 $749,700 $499,800
2021 $5,856 $516,562 $216,963 $299,599
2020 $5,772 $511,266 $214,739 $296,527
2019 $5,635 $501,242 $210,529 $290,713
2018 $5,460 $491,414 $206,401 $285,013
2016 $5,194 $472,334 $198,387 $273,947
2015 $5,088 $465,241 $195,408 $269,833
2014 $5,053 $456,129 $191,581 $264,548
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2021

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    4 in this area

    356 Total Sales

    Brad Korb
    Section Image

  • R

    Buyer's Agent in 2021

    Ryan Ridley

    Equity Union

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21007084

California Regional Multiple Listing Service (CRMLS)

APN: 5626-009-007

California Los Angeles County Glendale 91201 Riverside Rancho

1610 Riverside Dr, Glendale, CA

Not Listed for Sale

MultiFamily

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