NOT LISTED FOR SALE

324 Lincoln Ave Glendale, CA 91205

Somerset Neighborhood

Estimated Value: $988,000 - $1,432,946

3 Beds
2 Baths
1,382 Sq Ft
$838/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $913,000 $661 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,977/month

73 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 1-Story Property
  • No HOA
  • Laundry Room

About This Home

As of April 2022

Great duplex located in the heart of Glendale. One unit features one bedroom one bath. Currently leased, Second unit is two bedroom one bath currently leased. Here's a fantastic opportunity to live in one unit while having the other units subsidize your mortgage, or make this a long term investment.

Last Agent to Sell the Property

Sergio Sg Associates

SG Associates Listed on: 02/16/2022

Last Buyer's Agent

Arno Akhverdyan

Coldwell Banker Hallmark License #01891141

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,480 Sq Ft Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Shared Driveway

Home Design

  • Property Attached
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,382 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling Available
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 5680030007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $110
  • Water Sewer Expense $150

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

7,480 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 150.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 110.00
  • Parcel Number: 5680030007
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Living Area: 1382.00
  • Stories: 1
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Water Heater
  • Laundry Features: Outside
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7480.00
  • Lot Size Acres: 0.1717

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Lot Size Area: 7480.0000 Square Feet
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Actual Rent: 3898.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Agajanian Arsen
Bought by
Arsen And Anahit Agajanian Family Trust and Agajanian
Current Estimated Value
$1,158,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2024
Sold by
Semerdjian Vazgen
Bought by
Agajanian Arsen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 21, 2022
Sold by
Argine Shamiryan
Bought by
Semerdjian Vazgen
Seller's Agent
Sergio Sg Associates
SG Associates
Buyer's Agent
Arno Akhverdyan
Coldwell Banker Hallmark
List Price
$998,000
Sold Price
$913,000
Premium/Discount to List
-$85,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$684,750
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 13, 2022
Sold by
Lourdes G Dubria Living Trust
Bought by
Semerdjian Vazgen
Seller's Agent
Sergio Sg Associates
SG Associates
Buyer's Agent
Arno Akhverdyan
Coldwell Banker Hallmark
List Price
$998,000
Sold Price
$913,000
Premium/Discount to List
-$85,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,750
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2021
Sold by
Dubria Lourdes G and Dubrina Paterno A
Bought by
Michael Grace Dubria and Lourdes G Dubrian Living Trust

Purchase Details

Closed on
Jul 10, 2002
Sold by
Dubria Paterno A and Dubria Lourdes G
Bought by
Dubria Paterno A and Dubria Lourdes G
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
Arsen And Anahit Agajanian Family Trust -- None Listed On Document
Agajanian Arsen $1,175,000 Chicago Title
Agajanian Arsen -- Chicago Title
Semerdjian Vazgen -- Chicago Title
Semerdjian Vazgen $913,000 Chicago Title
Michael Grace Dubria -- None Available
Dubria Paterno A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Agajanian Arsen $940,000
Previous Owner Semerdjian Vazgen $684,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $913,000 +1.6% $661 / Sq Ft
02/25/2022 02/25/22 Price Changed $899,000 -9.9% $651 / Sq Ft
02/15/2022 02/15/22 For Sale $998,000 -- $722 / Sq Ft
Source: Ventura County Regional Data Share

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 $10,567 $1,175,000 $710,000 $465,000
2024 $10,567 $949,885 $728,280 $221,605
2023 $10,327 $931,260 $714,000 $217,260
2022 $931 $63,008 $42,707 $20,301
2021 $910 $61,773 $41,870 $19,903
2019 $881 $59,942 $40,629 $19,313
2018 $785 $58,768 $39,833 $18,935
2016 $733 $56,487 $38,287 $18,200
2015 $721 $55,639 $37,712 $17,927
2014 $731 $54,550 $36,974 $17,576
Source: Public Records

Agents Affiliated with this Home

  • Sergio Sg Associates

    Seller's Agent in 2022

    Sergio Sg Associates

    SG Associates

    (805) 551-2949

    1 in this area

    42 Total Sales

    Sergio Sg Associates
    Section Image
  • Arno Akhverdyan

    Buyer's Agent in 2022

    Arno Akhverdyan

    Coldwell Banker Hallmark

    (818) 395-6142

    1 in this area

    46 Total Sales

    Arno Akhverdyan
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: 222000673

Ventura County Regional Data Share

APN: 5680-030-007

California Los Angeles County Glendale 91205 Somerset

324 Lincoln Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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