NOT LISTED FOR SALE

Estimated Value: $1,402,000 - $1,941,000

8 Beds
4 Baths
3,858 Sq Ft
$445/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $965,000 $250 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $10,280/month

15 Days on Market

About This Home

As of October 2015

Rare opportunity to acquire this well-maintained Atwater Village 4-plex. All units consist of 2 bedrooms/1 bath, living room, kitchen, and dining area. Property is located two blocks south of Glendale Blvd and close to the L.A. River. Four-car covered carport; onsite coin-operated laundry; and low maintenance yard with a guava and lemon tree. There is a high probability that one unit will be delivered vacant. Great owner/user buy and a no-brainer investment. Off the chart walkability score make this location highly desirable and super convenient.

Last Agent to Sell the Property

Alyssa Valentine

Compass License #01517618 Listed on: 09/01/2015

Compass

Co-Listed By

Courtney N Smith

Compass License #01406768

Last Buyer's Agent

Laura Markosian

Coldwell Banker Realty License #01291002

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,005

Year Built

  • Built in 1961

Lot Details

  • 6,077 Sq Ft Lot

Interior Spaces

  • 3,858 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5437-010-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,005

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Property is tenant occupied. Please do not disturb tenants or walk on the property without an appointment. Units will only be shown twice: Saturday, 9/5 from 1-2 pm and Wednesday, 9/9 from 5-6 pm. Offers are due Thursday, 9/10 at 2:00 pm. Please email hello@courtneyandkurt.com for offer guidelines and with questions. Unit 3: current rent is $978/month and has given Seller notice of their intention to vacate at the end of September - will likely be delivered vacant. Market rent is anticipated at $2,200/month. One seller holds a CA Real Estate license. Rent roll and financial summary are saved in the docs section of the MLS.
  • Living Area: 3858
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 227.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 200137
  • Assessed Land Value: 144506
  • Assessor Parcel Number: 5437-010-002
  • Geocode Override: No
  • Lot Size Area: 6077

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.49
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Attached
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2016
Sold by
Abramyan Akop
Bought by
Abramyan Akop and Abramyan Mariam
Total Days on Market
15
Current Estimated Value
$1,717,240

Purchase Details

Closed on
Jun 22, 2016
Sold by
Abramyan Aida
Bought by
Abramyan Akop and Abramyan Marlam

Purchase Details

Listed on
Sep 1, 2015
Closed on
Sep 23, 2015
Sold by
Betancourt John J
Bought by
Abramyan Akop and Abramyan Mariam
Seller's Agent
Alyssa Valentine
Compass
Buyer's Agent
Laura Markosian
Coldwell Banker Realty
List Price
$879,000
Sold Price
$965,000
Premium/Discount to List
$86,000
9.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$675,000
Outstanding Balance
$537,958
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,223,405

Purchase Details

Closed on
Sep 18, 2013
Sold by
Betancourt John
Bought by
Betancourt John J and John J Betancourt Jr Revocable Trust #1

Purchase Details

Closed on
Jun 14, 2013
Sold by
Betancourt John
Bought by
Betancourt John

Purchase Details

Closed on
Jun 14, 2012
Sold by
Betancourt John
Bought by
Betancourt John and Carmen Betancourt Special Needs Trust

Purchase Details

Closed on
Apr 25, 2003
Sold by
Betancourt Carmen
Bought by
Betancourt Carmen and The Carmen Betancourt Trust

Purchase Details

Closed on
Feb 3, 1999
Sold by
Acosta Carolina S
Bought by
Betancourt Frank and Betancourt Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,650
Interest Rate
7.04%
Source: Public Records

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Range of Values:

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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
Abramyan Akop -- None Available
Abramyan Akop -- None Available
Abramyan Akop $965,000 Fidelity National Title Co
Betancourt John J -- None Available
Betancourt John -- None Available
Betancourt John -- None Available
Betancourt Carmen -- --
Betancourt Carmen -- --
Betancourt Frank $269,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abramyan Akop $675,000
Previous Owner Betancourt Frank $39,700
Previous Owner Betancourt Frank $188,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2015 10/16/15 Sold $965,000 +9.8% $250 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $879,000 -- $228 / Sq Ft
Source: The MLS

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
2024 $14,005 $1,119,955 $671,974 $447,981
2023 $13,739 $1,097,997 $658,799 $439,198
2022 $13,107 $1,076,469 $645,882 $430,587
2021 $12,934 $1,055,363 $633,218 $422,145
2019 $12,552 $1,024,063 $614,438 $409,625
2018 $12,444 $1,003,985 $602,391 $401,594
2016 $11,876 $965,000 $579,000 $386,000
2015 $4,565 $351,528 $147,393 $204,135
2014 $4,605 $344,643 $144,506 $200,137
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-937853

The MLS

APN: 5437-010-002