NOT LISTED FOR SALE

2547 Manhattan Ave Montrose, CA 91020

Estimated Value: $1,562,000 - $1,755,362

2 Beds
4 Baths
2,532 Sq Ft
$653/Sq Ft Est. Value

Last Sold March 11, 2021

Last sale price $1,425,000 $563 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $10,449/month

8 Days on Market

Highlights

  • Golf Course Community
  • Mountain View
  • Laundry Room
  • John C. Fremont Elementary School Rated A-
  • Modern Architecture
  • Tankless Water Heater

About This Home

As of March 2021

EXCELLENT INVESTMENT OPPORTUNITY IN TRENDY HIGH DEMAND AREA.Very desirable Montrose which is close to Quaint Shopping and Dining. Excellent La Crescenta schools. Live in one, rent the other 2. The Front unit which has classic Spanish Style Architecture has been all remodeled and upgraded with newer floors, kitchen and baths, patio, car-port plus a dedicated parking space.It is 2 Beds/2Bths and very charming! The duplex behind the Spanish Style unit have 2 Beds/1 Bath and 1 car garage, each. The 3rd (back) unit also has a carport.All 3 have Washer/Dryer Hookups. The driveway is recently paved and roofs have been replaced within the last few years. Montrose is a charming community with easy access to the 210 and 2 Freeways and close to Glendale and DTLA yet quietly snuggled in to the nearby mountains giving a charming small community feel. Convenient to Trader Joe's just a couple blocks away as well as many desirable eateries, shops and entertainment.

Last Agent to Sell the Property

Dioni Rovello

RE/MAX Premier Properties License #00713999 Listed on: 01/26/2021

RE/MAX Premier Properties

Last Buyer's Agent

Cheyenne Wilbur

COMPASS License #01292401

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,076

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 7,652 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Stone Wall
  • Vinyl Fence
  • No Sprinklers

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • 2 Carport Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Parking Lot
  • Assigned Parking

Home Design

  • Triplex
  • Modern Architecture
  • Spanish Architecture
  • Raised Foundation
  • Slab Foundation
  • Asbestos Shingle Roof

Interior Spaces

  • 2,532 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Kitchen

  • Gas and Electric Range
  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 32
  • Tax Tract Number 300
  • Assessor Parcel Number 5807016032

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Mountainous Community

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $360
  • Water Sewer Expense $1,500
  • New Taxes Expense $17,500
  • Operating Expense $22,160
  • Gross Income $79,000
  • Net Operating Income $56,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,076

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Modern, Spanish
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5807016032
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: YES
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 562.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Foundation: Raised, Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Stone, Vinyl
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage - Two Door, Garage Door Opener, Parking Space
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas & Electric Range, Tankless Water Heater, Water Heater
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Golf, Mountainous, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7652.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Gross Income: 79000.00
  • Gross Scheduled Income: 79000.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7652.0000 Square Feet
  • Net Operating Income: 56840.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 22160.00
  • Rent Control: Yes
  • Total Expenses: 22160.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Lot: 32
  • Tax Tract Number: 300...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Feb 9, 2021
Sold by
Ciardullo Alicia
Bought by
Dietzen Brian Keith and Dietzen Kelly Scoby
Seller's Agent
Dioni Rovello
RE/MAX Premier Properties
Buyer's Agent
Cheyenne Wilbur
COMPASS
List Price
$1,399,000
Sold Price
$1,425,000
Premium/Discount to List
$26,000
1.86%
Current Estimated Value
$1,654,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,091
Avg. Annual Appreciation
3.29%
Original Mortgage
$846,000
Outstanding Balance
$760,100
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$888,653

Purchase Details

Closed on
Jul 14, 2003
Sold by
Casaburi Sharon J
Bought by
Ciardullo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2001
Sold by
Yoshinobu Samuel M and Yoshinobu Michiyo
Bought by
Casaburi Sharon J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.26%
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
Dietzen Brian Keith $1,425,000 Lawyers Title
Ciardullo Alicia $390,000 Fidelity
Casaburi Sharon J $360,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dietzen Brian Keith $846,000
Previous Owner Ciardullo Alicia $529,000
Previous Owner Ciardullo Alicia $100,000
Previous Owner Ciardullo Alicia $366,000
Previous Owner Ciardullo Alicia $480,000
Previous Owner Ciardullo Alicia $400,000
Previous Owner Casaburi Sharon J $295,000
Previous Owner Casaburi Sharon J $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2021 03/11/21 Sold $1,425,000 +1.9% $563 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $1,399,000 -- $553 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $18,076 $1,542,465 $1,217,736 $324,729
2024 $18,076 $1,512,221 $1,193,859 $318,362
2023 $17,433 $1,482,570 $1,170,450 $312,120
2022 $16,305 $1,453,500 $1,147,500 $306,000
2021 $9,364 $812,472 $683,024 $129,448
2020 $9,232 $804,142 $676,021 $128,121
2019 $9,007 $788,375 $662,766 $125,609
2018 $8,784 $772,918 $649,771 $123,147
2016 $8,375 $742,907 $624,541 $118,366
2015 $8,198 $731,749 $615,160 $116,589
2014 $7,540 $663,417 $603,110 $60,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-3061

Pasadena-Foothills Association of REALTORS®

APN: 5807-016-032