NOT LISTED FOR SALE

1648 N Verdugo Rd Glendale, CA 91208

Verdugo Woodlands Neighborhood

Estimated Value: $1,456,000 - $1,614,000

5 Beds
3 Baths
2,606 Sq Ft
$586/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $952,000 $365 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,957/month

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Workshop
  • Verdugo Woodlands Elementary School Rated A-
  • Wood Flooring
  • Crown Molding

About This Home

As of May 2016

Excellent investment in fabulous location!! Front Unit is 2+1 with Fire Place and Central A/C, fire place, Middle Unit is 2+1 with beautiful hardwood floors, Back Unit is 1+1 also with hardwood floors. All Units have breakfast nooks and crown molding, newer paint. Price includes washers, dryers, stoves, refrigerators in all units. 3 Car garage being used as storage and is not part of the income. Verdugo Woodlands area, Walking distance to Glendale College, Verdugo Woodlands Elementary and Verdugo Park. Convenient Freeway Access. Beautiful Floor plan in all units.
This is an Excellent opportunity for a first time buyer who would like to occupied the front unit and collect rents from back units or an investor looking for the best in a no rent control area.

Last Agent to Sell the Property

Raul Alvarado

Raul E. Alvarado License #01199090 Listed on: 03/24/2016

Last Buyer's Agent

raul alvarado

Raul E. Alvarado License #01199090

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,030 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,606 Sq Ft Home
  • Crown Molding
  • Living Room with Fireplace
  • Workshop
  • Gas Cooktop

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floor Furnace
  • Phone Available
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5851
  • Assessor Parcel Number 5652011032

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $90
  • Insurance Expense $1,100
  • New Taxes Expense $8,961
  • Gross Income $72,000
  • Net Operating Income $63,700

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Inclusions: washers, dryers, stoves and refrigerators
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: GLR4-L
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 90.00
  • Parcel Number: 5652011032
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 365.31
  • Room Type: All Bedrooms Down, Workshop

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting, TV Antenna
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central, Floor Furnace, Fireplace(s)
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 7030.00
  • Price Per Lot Square Foot: 135.42

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 63700.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8961.00
  • Tax Lot: 1
  • Tax Tract Number: 5851

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
Apr 14, 2016
Sold by
Andrade Maria M
Bought by
Papirian Garbis and Papirian Ani
Seller's Agent
Raul Alvarado
Raul E. Alvarado
Buyer's Agent
raul alvarado
Raul E. Alvarado
List Price
$898,000
Sold Price
$952,000
Premium/Discount to List
$54,000
6.01%
Current Estimated Value
$1,526,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,009
Avg. Annual Appreciation
4.98%
Original Mortgage
$645,300
Outstanding Balance
$511,768
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$1,014,241

Purchase Details

Closed on
Aug 6, 2010
Sold by
Andrade Maria M and Calusdian James
Bought by
Andrade Maria M and Calusdian James

Purchase Details

Closed on
Sep 19, 2006
Sold by
Andrade Charlotte
Bought by
Andrade Claudio J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
8.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 14, 2006
Sold by
Valdes Ana
Bought by
Andrade Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
8.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 4, 2005
Sold by
Cohan Jacob
Bought by
Valdes Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,400
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004
Sold by
Rostomyan Lidush
Bought by
Cohan Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2002
Sold by
Vartanian Ani
Bought by
Rostomyan Lidush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.12%

Purchase Details

Closed on
Apr 28, 1995
Sold by
Harutunian Alfred
Bought by
Vartanian Ani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.46%

Purchase Details

Closed on
Jan 23, 1995
Sold by
Courtney Howard A and Courtney Caroline J Johnson
Bought by
Home Svgs Of America Fsb
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
Papirian Garbis $952,000 Fatcola
Andrade Maria M -- None Available
Andrade Claudio J -- Gateway Title Company
Andrade Maria M $925,000 Gateway Title Company
Valdes Ana $958,000 Gateway Title
Cohan Jacob $835,000 Gateway Title Company
Rostomyan Lidush $512,000 Gateway Title Company
Vartanian Ani -- Chicago Title Company
Vartanian Ani $270,000 Chicago Title Company
Home Svgs Of America Fsb $284,750 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papirian Garbis $645,300
Previous Owner Andrade Maria M $740,000
Previous Owner Valdes Ana $766,400
Previous Owner Cohan Jacob $626,250
Previous Owner Rostomyan Lidush $312,000
Previous Owner Vartanian Ani $216,000
Closed Cohan Jacob $125,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2016 05/12/16 Sold $952,000 +6.0% $365 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $898,000 -- $345 / 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 $12,399 $1,126,967 $451,023 $675,944
2024 $12,399 $1,104,871 $442,180 $662,691
2023 $12,119 $1,083,208 $433,510 $649,698
2022 $11,910 $1,061,969 $425,010 $636,959
2021 $11,704 $1,041,147 $416,677 $624,470
2020 $11,537 $1,030,472 $412,405 $618,067
2019 $11,259 $1,010,268 $404,319 $605,949
2018 $11,000 $990,460 $396,392 $594,068
2016 $9,169 $829,460 $693,485 $135,975
2015 $8,961 $815,000 $748,700 $66,300
2014 $8,632 $775,000 $712,000 $63,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Raul Alvarado

    Raul E. Alvarado

    (323) 661-8888

    5 Total Sales

    Raul Alvarado
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16061222

California Regional Multiple Listing Service (CRMLS)

APN: 5652-011-032

California Los Angeles County Glendale 91208 Verdugo Woodlands

1648 N Verdugo Rd, Glendale, CA

Not Listed for Sale

MultiFamily

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