NOT LISTED FOR SALE

Estimated Value: $1,519,000 - $1,932,000

3 Beds
2 Baths
3,248 Sq Ft
$528/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $1,650,000 $508 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,559/month

16 Days on Market

Highlights

  • Golf Course Community
  • Hiking Trails
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A-
  • Park
  • Foothills

About This Home

As of June 2022

Great opportunity to purchase a rare four unit investment property in the desirable Montrose/Glendale area on a large 7100+ SF lot. One two bedroom and three one bedroom units with a four car carport in the back of the property. All tenants are month to month. Great tenants however, the rents are below market. Please do not walk on the property and do not disturb the tenants. Drive by only. Offers are subject to interior inspection of the units.

Last Agent to Sell the Property

Nick and Mike

Keller Williams R. E. Services License #00976678 Listed on: 05/16/2022

Keller Williams R. E. Services

Last Buyer's Agent

Alexander Trevino

TREVINO PROPERTIES, INC. License #01324975

TREVINO PROPERTIES, INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,188 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,248 Sq Ft Home
  • Casement Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 144
  • Tax Tract Number 5547
  • Assessor Parcel Number 5607016004
  • $332 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Foothills
  • Mountainous Community
  • Valley

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,700
  • Gardener Expense $1,400
  • Insurance Expense $2,100
  • Maintenance Expense $6,000
  • Operating Expense $13,200
  • Gross Income $70,800
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Inclusions: Oener's personal property - List will be provided
  • Property Attached: Yes
  • Zoning: GLR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 5607016004
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 508.00
  • Window Features: Casement Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Foothills, Golf, Hiking, Park, Mountainous, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Paved
  • Lot Size Sq Ft: 7188.00
  • Lot Size Acres: 0.1650

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Electric Expense: 3700.00
  • Gross Income: 70800.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 7188.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13200.00
  • Rent Control: Yes
  • Total Expenses: 13200.00

Tax Info

  • Tax Census Tract: 3004.00
  • Tax Lot: 144
  • Tax Tract Number: 5547
  • TaxOtherAnnualAssessmentAmount: 332.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 8, 2022
Sold by
Curran Andrea L
Bought by
Tahmasian Razmik and Tahmasian Ivet
Seller's Agent
Nick and Mike
Keller Williams R. E. Services
Buyer's Agent
Alexander Trevino
TREVINO PROPERTIES, INC.
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$1,715,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,172
Avg. Annual Appreciation
1.10%

Purchase Details

Closed on
Oct 6, 2016
Sold by
Link Theodor and The 1999 Link Family Trust
Bought by
Link Theodor and The 1999 Link Family Trust

Purchase Details

Closed on
Jul 19, 1999
Sold by
Link Theodore and Link Margot
Bought by
Link Theodor and Link Margot
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tahmasian Razmik $1,650,000 Chicago Title
Link Theodor -- None Available
Link Theodor -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2022 06/23/22 Sold $1,650,000 0.0% $508 / Sq Ft
05/16/2022 05/16/22 For Sale $1,650,000 -- $508 / 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 $19,197 $1,750,993 $955,087 $795,906
2024 $19,197 $1,716,660 $936,360 $780,300
2023 $18,763 $1,683,000 $918,000 $765,000
2022 $1,576 $112,448 $26,300 $86,148
2021 $1,532 $110,244 $25,785 $84,459
2019 $1,480 $106,975 $25,021 $81,954
2018 $1,429 $104,879 $24,531 $80,348
2016 $1,328 $100,808 $23,579 $77,229
2015 $1,305 $99,294 $23,225 $76,069
2014 $1,325 $97,350 $22,771 $74,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22101466

California Regional Multiple Listing Service (CRMLS)

APN: 5607-016-004