NOT LISTED FOR SALE

Estimated Value: $824,000 - $1,434,000

2 Beds
3 Baths
1,575 Sq Ft
$746/Sq Ft Est. Value

Last Sold October 08, 2015

Last sale price $670,000 $425 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,911/month

119 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Herbert Hoover High School Rated A-
  • Carpet
  • Gas Fireplace

About This Home

As of October 2015

3 units in Rancho area of Glendale. Close to Griffith park, Disney, other big Studios. Two bedrooms one bath house in front, currently occupied by the owner. It has open floor plan, bright living room, dining area, nice size kitchen, remodeled bathroom. Large patio with beautiful palm trees. Two single units in the back freshly painted, currently occupied by the tenants, they pay $900 each. Large lot 8250 sq. ft. possibility to extend. Great rental area. Excellent opportunity for owner user or an investor. Most of the houses in the area are horse properties. Buyer to check for the zoning of the possibility to use as a horse property.

Last Agent to Sell the Property

Angela Julfayan

Coldwell Banker Hallmark License #01086029 Listed on: 06/11/2015

Coldwell Banker Hallmark

Last Buyer's Agent

Arax Asadorian

Keller Williams Realty World Media Center License #01048864

Keller Williams Realty World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,253 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2 Bedrooms
  • 1,575 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Parking

  • Parking Available
  • Driveway

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5625035017

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 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

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: GLR3YY
  • Property Type: Residential Income
  • Parcel Number: 5625035017
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 425.40

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8253.00
  • Lot Size Acres: 0.1895

Multi Family

  • Lot Size Area: 8253.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 26, 2015
Sold by
Flower Margery Ann and The Trust Of Ludlow Flower Jr
Bought by
Nazarian Panik
Seller's Agent
Angela Julfayan
Coldwell Banker Hallmark
Buyer's Agent
Arax Asadorian
Keller Williams Realty World Media Center
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Current Estimated Value
$1,179,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$509,607
Avg. Annual Appreciation
5.64%
Original Mortgage
$502,500
Outstanding Balance
$392,920
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$781,454

Purchase Details

Closed on
Jun 12, 2008
Sold by
Flower Margery James
Bought by
Flower Margery James and Trust Of Ludlow Jr & Margery J

Purchase Details

Closed on
Jun 6, 2003
Sold by
Flower Ludlow and Flower Margery James
Bought by
Flower Ludlow and Flower Margery James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,600
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2002
Sold by
Flower Margery J and Flower L
Bought by
Flower Ludlow and Flower Margery James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Nazarian Panik $670,000 Fidelity National Title
Flower Margery James -- None Available
Flower Ludlow -- Southland Title
Flower Ludlow -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nazarian Panik $502,500
Previous Owner Flower Ludlow $190,600
Previous Owner Flower Ludlow $191,000
Closed Flower Ludlow $49,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2015 10/08/15 Sold $670,000 -4.1% $425 / Sq Ft
09/08/2015 09/08/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $699,000 -- $444 / 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 $8,757 $793,137 $556,381 $236,756
2024 $8,757 $777,586 $545,472 $232,114
2023 $8,560 $762,340 $534,777 $227,563
2022 $8,412 $747,393 $524,292 $223,101
2021 $8,269 $732,739 $514,012 $218,727
2020 $8,151 $725,227 $508,742 $216,485
2019 $7,955 $711,008 $498,767 $212,241
2018 $7,762 $697,068 $488,988 $208,080
2016 $7,409 $670,000 $470,000 $200,000
2015 $632 $50,744 $26,289 $24,455
2014 $650 $49,751 $25,775 $23,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 315005811

California Regional Multiple Listing Service (CRMLS)

APN: 5625-035-017