NOT LISTED FOR SALE

Estimated Value: $1,959,000 - $2,819,201

9 Beds
5 Baths
3,482 Sq Ft
$666/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $2,600,000 $747 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $14,650/month

73 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Granite Countertops
  • La Crescenta Elementary School Rated A-
  • Main Floor Bedroom
  • No HOA

About This Home

As of June 2023

Looking for a great investment opportunity in a highly desirable neighborhood? Just moments from Montrose shopping park, this newly fully remodeled triplex is perfect for owner use or investment! With a fresh new look and modern amenities, this charming property is move-in ready
and waiting for its new owners.
• Brand new appliances, flooring, and fixtures throughout
• Spacious living areas with plenty of natural light
• Custom modern kitchen cabinetry with stainless steel appliances, and granite countertops
• All new copper plumbing, tankless hot water heaters, and AC units
• Beautifully remodeled bathrooms
• Ample storage space
• Convenient location close to shops, restaurants, parks, and public transportation
• Great school district
• Each unit can be rented out separately for maximum rental income.

Don't miss out on this incredible investment opportunity or chance to own a beautiful new home in a safe and quaint neighborhood. Contact us today to schedule a tour and see this fully remodeled triplex for yourself!
Unit A
Approx. 1,500 sq. ft.
Four (4) Bedrooms
Two (2) Bathrooms

/ Unit B
Approx. 1,500 sq. ft.
Four (4) Bedrooms
Two (2) Bathrooms

/ Unit 1/2
Approx. 500 sq. ft.
One (1) Bedrooms
One (1) Bathrooms

Last Agent to Sell the Property

Jerick Hacobian

Compass License #00933811 Listed on: 02/22/2023

Compass

Last Buyer's Agent

Paulette Malekian

Engel & Völkers Burbank License #01848544

Engel & Völkers Burbank

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,457

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Vinyl Fence
  • Front and Back Yard Sprinklers

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Combination Of Materials Used In The Driveway

Home Design

  • Triplex
  • Contemporary Architecture
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 3,482 Sq Ft Home
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Laminate Flooring
  • Mountain Views
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Standard Electricity
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 208
  • Tax Tract Number 2535
  • Assessor Parcel Number 5610026041
  • $461 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,457

Year Built

Built in 1971 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Zoning: GLR2*
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5610026041
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 746.70
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway - Combination, Concrete, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central, Ductless
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 13000.00
  • Lot Size Acres: 0.2984

Multi Family

  • Lot Size Area: 13000.0000 Square Feet
  • 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 Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 3006.01
  • Tax Lot: 208
  • Tax Tract Number: 2535
  • TaxOtherAnnualAssessmentAmount: 461.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Apr 14, 2023
Sold by
Jh Four Inc
Bought by
Minasian Varouj and Minassian Armin
Seller's Agent
Jerick Hacobian
Compass
Buyer's Agent
Paulette Malekian
Engel & Völkers Burbank
List Price
$2,750,000
Sold Price
$2,600,000
Premium/Discount to List
-$150,000
-5.45%
Views
240
Current Estimated Value
$2,318,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$281,450
Avg. Annual Appreciation
-4.64%
Original Mortgage
$450,000
Outstanding Balance
$437,578
Interest Rate
6.43%
Estimated Equity
$1,880,972

Purchase Details

Closed on
Jan 31, 1997
Sold by
Westhoff Maximiliaan W
Bought by
Westhoff Maximiliaan W and The Maximiliaan W Westhoff Irr
Source: Public Records

Range of Values:

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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
Minasian Varouj $2,600,000 Chicago Title Company
Westhoff Maximiliaan W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minasian Varouj $450,000
Previous Owner Minasian Varouj $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $2,600,000 -5.5% $747 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $2,750,000 -- $790 / 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 $29,457 $2,705,040 $1,446,156 $1,258,884
2024 $29,457 $2,652,000 $1,417,800 $1,234,200
2023 $15,557 $1,377,000 $918,000 $459,000
2022 $15,170 $1,356,600 $1,020,000 $336,600
2021 $1,816 $126,999 $35,075 $91,924
2020 $1,791 $125,698 $34,716 $90,982
2019 $1,757 $123,235 $34,036 $89,199
2018 $1,644 $120,819 $33,369 $87,450
2016 $1,532 $116,129 $32,074 $84,055
2015 $1,506 $114,386 $31,593 $82,793
2014 $1,519 $112,147 $30,975 $81,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23030058

California Regional Multiple Listing Service (CRMLS)

APN: 5610-026-041