NOT LISTED FOR SALE

Estimated Value: $1,259,000 - $1,940,000

4 Beds
2 Baths
2,240 Sq Ft
$738/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $1,505,000 $672 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,441/month

29 Days on Market

Highlights

  • View of Trees or Woods
  • Dumbwaiter
  • No HOA
  • Verdugo Woodlands Elementary School Rated A-
  • Deck
  • Balcony

About This Home

As of September 2021

Marvelous investment opportunity poised in Verdugo Woodlands of Glendale! This fully updated 2,240-sqft duplex is comprised of 2-bedrooms, 1.5-bathrooms each plus separate addresses of 1879 and 1881 Verdugo Loma Dr. Each unit boasts new drywall, electrical, plumbing, ducting, HVAC, fresh paint, new flooring throughout, and beautiful new landscaping. Both units also include, recessed lighting paired with well-sized windows that allow for optimal light to shine throughout, new bathrooms, generously sized bedrooms, gorgeous new kitchen offering stone countertops with complimenting tile backsplashes, modern cabinetry, plus stainless-steel appliances. Outside, new waterproofed decks are prime locations for outdoor entertainment and festivities as the prominent trees serve as an idyllic backdrop. As a great convenience, both units include an in-unit closet laundry area and onsite parking availability. Located down the street from Glendale Community College and nearby local stores, markets, and freeway access plus minutes from away from the heart of Downtown Glendale! A prime location to relish!

Last Agent to Sell the Property

Raffi Soualian

JohnHart Real Estate License #01887303 Listed on: 08/10/2021

JohnHart Real Estate

Co-Listed By

Taline Soualian

JohnHart Real Estate License #01937721

Last Buyer's Agent

Harut Kostikyan

HK Realty License #01937435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,162

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 5,726 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Ranch Style House
  • Property Attached
  • Turnkey
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 4 Bedrooms
  • 2,240 Sq Ft Home
  • Built-In Features
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • Laminate Flooring
  • Views of Woods

Kitchen

  • Dumbwaiter
  • Gas Oven
  • Range Hood
  • Dishwasher

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 5652010036

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Not Applicable 105 Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,162

Year Built

Built in 1958 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 752500
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: GLR2*
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5652010036
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Dumbwaiter, Built-in Features, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 671.88
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • View: Trees/Woods
  • Patio And Porch Features: Deck, Patio Open
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Oven, Gas Oven, Range Hood, Tankless Water Heater, Dishwasher
  • Heating Type: Natural Gas, Central
  • Laundry Features: Inside, Stackable
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Paved, Cul-De-Sac
  • Lot Size Sq Ft: 5726.00
  • Lot Size Acres: 0.1315

Multi Family

  • Lot Size Area: 5726.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Aug 24, 2021
Sold by
Eden Construct Llc
Bought by
Zakarian Varag and Zakarian Anomeh
Seller's Agent
Raffi Soualian
JohnHart Real Estate
Buyer's Agent
Harut Kostikyan
HK Realty
List Price
$1,498,000
Sold Price
$1,505,000
Premium/Discount to List
$7,000
0.47%
Current Estimated Value
$1,653,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,662
Avg. Annual Appreciation
1.66%
Original Mortgage
$150,000
Outstanding Balance
$137,082
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,467,940

Purchase Details

Listed on
Aug 10, 2021
Closed on
Aug 20, 2021
Sold by
Margaryan Meri
Bought by
Eden Construct Llc
Seller's Agent
Raffi Soualian
JohnHart Real Estate
Buyer's Agent
Harut Kostikyan
HK Realty
List Price
$1,498,000
Sold Price
$1,505,000
Premium/Discount to List
$7,000
0.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$137,082
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,467,940

Purchase Details

Closed on
Mar 18, 2020
Sold by
Kevoganian Garabed
Bought by
Margaryan Meri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$838,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2020
Sold by
Martirossian Vachik and Martirossian Jasmen
Bought by
Martirossian Meri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$838,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2004
Sold by
Martirossian Vachik and Martirossian Jasmen
Bought by
Martirossian Vachik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 15, 2003
Sold by
Martirossian Vachik and Martirossian Jasmen
Bought by
Martirossian Vachik

Purchase Details

Closed on
Mar 7, 2003
Sold by
Abrahamian Tomik G and Abrahamian Yvette G
Bought by
Martirossian Vachik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.83%
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
Zakarian Varag $1,505,000 Lawyers Title Company
Eden Construct Llc -- Lawyers Title
Margaryan Meri -- Lawyers Title Company
Martirossian Meri $986,000 Lawyers Title Company
Martirossian Vachik -- --
Martirossian Vachik -- Old Republic Title Company
Martirossian Vachik -- --
Martirossian Vachik $495,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zakarian Varag $150,000
Open Zakarian Varag $1,053,000
Previous Owner Margaryan Meri $800,000
Previous Owner Margaryan Meri $838,000
Previous Owner Martirossian Vachik $650,000
Previous Owner Martirossian Vachik $187,000
Previous Owner Martirossian Vachik $240,000
Previous Owner Martirossian Vachik $136,500
Previous Owner Martirossian Vachik $396,000
Previous Owner Abrahamian Tomik G $25,000
Closed Martirossian Vachik $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $1,505,000 +0.5% $672 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $1,498,000 -- $669 / 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 $17,162 $1,597,117 $1,172,634 $424,483
2024 $17,162 $1,565,802 $1,149,642 $416,160
2023 $16,766 $1,535,100 $1,127,100 $408,000
2022 $16,473 $1,505,000 $1,105,000 $400,000
2021 $11,056 $996,214 $794,142 $202,072
2020 $7,316 $655,520 $529,721 $125,799
2019 $7,139 $642,668 $519,335 $123,333
2018 $7,013 $630,067 $509,152 $120,915
2016 $6,687 $605,603 $489,382 $116,221
2015 $6,551 $596,508 $482,032 $114,476
2014 $6,500 $584,824 $472,590 $112,234
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320007199

California Regional Multiple Listing Service (CRMLS)

APN: 5652-010-036