200 W Palmer Ave Glendale, CA 91204
Tropico NeighborhoodEstimated Value: $1,548,000 - $1,796,000
6
Beds
4
Baths
2,840
Sq Ft
$588/Sq Ft
Est. Value
Highlights
- Mountain View
- No HOA
- 4 Car Direct Access Garage
- Wood Flooring
- Balcony
- Ductless Heating Or Cooling System
About This Home
As of October 2023Proud to present this four-unit apartment building in one of the best areas in Glendale. The units consist of two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. The total rentable space is 2,840 S/. ft. The 2-bedroom units are about 770 sq. ft. each, while the 1-bedroom units are 650sq/ ft. The actual rent for a 1-bedroom unit is $1,700, and for 2-bedroom units, the rent is $2,5000. The units feature hardwood/laminate floors, ample closet space, A/C units, and granite countertops in the kitchen. Each unit has its own parking space in the front and back of the building. Rents have not increased for more than two years, and they are very low compared to market rents.
Last Listed By
Raymond Ovsepyan
Windfall Realty Group Inc License #01362407 Listed on: 08/15/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,294
Year Built
- Built in 1940
Lot Details
- 8,875 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is 2-5 Units/Acre
Parking
- 4 Car Direct Access Garage
- 3 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Driveway
- Parking Lot
Home Design
- Quadruplex
- Raised Foundation
- Asbestos Shingle Roof
- Stucco
Interior Spaces
- 2,840 Sq Ft Home
- 2-Story Property
- Living Room
- Mountain Views
- Gas Range
- Laundry Room
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 6
- Tax Tract Number 302
- Assessor Parcel Number 5640011012
- $372 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $1,750
- Insurance Expense $2,537
- Other Expense $600
- Trash Expense $50
- Water Sewer Expense $800
- New Taxes Expense $5,085
- Operating Expense $10,822
- Gross Income $88,140
- Net Operating Income $77,318
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2023
Closed on
Aug 24, 2023
Sold by
Topadzhikyan Elizabeth and Topadzhikyan Elizabeth Bhatt
Bought by
Kahkedjian Manoug George and Agazarian Sophie Grace
Seller's Agent
Raymond Ovsepyan
Windfall Realty Group Inc
List Price
$1,699,000
Sold Price
$1,650,000
Premium/Discount to List
-$49,000
-2.88%
Total Days on Market
6
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,840
Avg. Annual Appreciation
0.77%
Original Mortgage
$1,237,500
Interest Rate
6.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 30, 2021
Sold by
Harutyun Topadzhikyan Living Trust
Bought by
Topadzhikyan Artak
Purchase Details
Closed on
Nov 18, 2019
Sold by
Topadzhikyan Harutyun
Bought by
The Harutyun Topadzhikyan Living Trust
Purchase Details
Closed on
Dec 12, 2008
Sold by
Nalbandyan Lusya
Bought by
Topadzhikyan Harutyun
Purchase Details
Closed on
Feb 21, 2002
Sold by
Topadzhikyan Harutyun
Bought by
Topadzhikyan Harutyun and Topadzhikyan Artak
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.8%
Purchase Details
Closed on
Feb 20, 2002
Sold by
Nalbandyan Lucya
Bought by
Topadzhikyan Harutyun
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.8%
Purchase Details
Closed on
May 25, 2000
Sold by
Peller Triny J
Bought by
Topadzhikyan Harutyun
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
8.18%
Purchase Details
Closed on
Aug 23, 1999
Sold by
Peller Triny J
Bought by
The Trust Of Triny J Peller
Purchase Details
Closed on
Feb 24, 1997
Sold by
Filip Robert A
Bought by
Peller Triny J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.25%
Purchase Details
Closed on
Jan 22, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Stachorek Andrew G and Filip Robert A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,050
Interest Rate
7.1%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 13, 1995
Sold by
Kobaissi Abdullah Hassan
Bought by
Home Svgs Of America Fsb
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kahkedjian Manoug George | $1,650,000 | Lawyers Title | |
| Topadzhikyan Artak | -- | -- | |
| Bhatt Elizabeth | -- | -- | |
| The Harutyun Topadzhikyan Living Trust | -- | None Available | |
| Topadzhikyan Harutyun | -- | None Available | |
| Topadzhikyan Harutyun | -- | None Available | |
| Topadzhikyan Harutyun | -- | -- | |
| Topadzhikyan Harutyun | -- | -- | |
| Topadzhikyan Harutyun | -- | American Title Co | |
| Topadzhikyan Harutyun | $305,000 | Stewart Title | |
| The Trust Of Triny J Peller | -- | -- | |
| Peller Triny J | $262,500 | Investors Title Company | |
| Stachorek Andrew G | $180,000 | Investors Title | |
| Home Svgs Of America Fsb | $182,750 | Investors Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kahkedjian Manoug George | $1,237,500 | |
| Previous Owner | Topadzhikyan Harutyun | $221,000 | |
| Previous Owner | Topadzhikyan Harutyun | $100,000 | |
| Previous Owner | Topadzhikyon Harutyun | $100,000 | |
| Previous Owner | Topadzhikyan Artak | $500,000 | |
| Previous Owner | Topadzhikyan Artak | $450,000 | |
| Previous Owner | Topadzhikyan Harutyan | $150,000 | |
| Previous Owner | Topadzhikyan Harutyun | $100,000 | |
| Previous Owner | Topadzhikyan Harutyun | $308,000 | |
| Previous Owner | Topadzhikyan Harutyun | $232,000 | |
| Previous Owner | Topadzhikyan Harutyun | $240,000 | |
| Previous Owner | Topadzhikyan Harutyun | $244,000 | |
| Previous Owner | Peller Triny J | $183,750 | |
| Previous Owner | Stachorek Andrew G | $235,050 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2023 10/17/23 | Sold | $1,650,000 | -2.9% | $581 / Sq Ft |
| 10/14/2023 10/14/23 | For Sale | $1,699,000 | 0.0% | $598 / Sq Ft |
| 08/21/2023 08/21/23 | Pending | -- | -- | -- |
| 08/15/2023 08/15/23 | For Sale | $1,699,000 | -- | $598 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $18,294 | $1,650,000 | $1,100,000 | $550,000 |
| 2023 | $5,177 | $450,557 | $155,105 | $295,452 |
| 2022 | $5,085 | $441,723 | $152,064 | $289,659 |
| 2021 | $4,986 | $433,063 | $149,083 | $283,980 |
| 2020 | $4,914 | $428,624 | $147,555 | $281,069 |
| 2019 | $4,799 | $420,220 | $144,662 | $275,558 |
| 2018 | $4,681 | $411,981 | $141,826 | $270,155 |
| 2016 | $4,442 | $395,985 | $136,320 | $259,665 |
| 2015 | $4,354 | $390,038 | $134,273 | $255,765 |
| 2014 | $4,341 | $382,398 | $131,643 | $250,755 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Raymond Ovsepyan
Windfall Realty Group Inc
(818) 355-5589
1 in this area
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23148224
APN: 5640-011-012
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