NOT LISTED FOR SALE

Estimated Value: $1,206,000 - $1,848,264

8 Beds
3 Baths
2,336 Sq Ft
$670/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $1,596,510 $683 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,993/month

55 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Park
  • Eagle Rock High School Rated A
  • Hiking Trails
  • Laundry Room

About This Home

As of November 2022

Investment & income producing property (Triplex) in Glassell Park! All 3 detached units have been completely remodeled in 2022. Front Unit: 2 Bed / 1 Bath. Middle Unit: 3 Bed / 1 Bath. Back Unit: 3 Bed /1 Bath. New HVAC, electrical, ABS plumbing, flooring, kitchen and bathrooms (foundation has been repaired). Each unit has its own washer/dryer hook ups, private patio/outdoor area. This is a great opportunity for a buyer who wants to live in one unit and have the other 2 units producing income, or for an investor to have a great income property. Located minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, EagleRock, and Pasadena. Projected Cap Rate: 5.95% (Financial analysis is from projected Rent as 2 units currently under lease)
*** 3D Matterport: To see the 3D tours from unit to unit, click on the green and white circle -> Play -> Fullscreen

Last Agent to Sell the Property

Adrian Yun

Y Real Estate Inc License #02036957 Listed on: 07/27/2022

Last Buyer's Agent

Anna Ambarian

Keller Williams Real Estate Services License #01040774

Keller Williams Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,869

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 9,000 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,336 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 51
  • Tax Tract Number 4290
  • Assessor Parcel Number 5460010007
  • $388 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Recreation

  • Park
  • Dog Park
  • Hiking Trails

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $1,806
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $20,625
  • Operating Expense $27,831
  • Gross Income $126,000
  • Net Operating Income $98,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,869

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.95
  • Price Per Unit: 550000
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5460010007
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 683.44

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Other Structures: Storage
  • View: City Lights, Hills, Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Hiking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 9000.00
  • Lot Size Acres: 0.2066

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 126000.00
  • Gross Scheduled Income: 126000.00
  • Insurance Expense: 1806.00
  • Lot Size Area: 9000.0000 Square Feet
  • Net Operating Income: 98169.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 27831.00
  • Rent Control: Yes
  • Total Actual Rent: 1200.00
  • Total Expenses: 27831.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Census Tract: 1863.02
  • Tax Lot: 51
  • Tax Tract Number: 4290
  • TaxOtherAnnualAssessmentAmount: 388.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Oct 24, 2022
Sold by
Smith Hewitt A
Bought by
Mouradian Aline and Mouradian Hagop
Seller's Agent
Adrian Yun
Y Real Estate Inc
Buyer's Agent
Anna Ambarian
Keller Williams Real Estate Services
List Price
$1,750,000
Sold Price
$1,596,510
Premium/Discount to List
-$153,490
-8.77%
Views
11
Current Estimated Value
$1,564,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,694
Avg. Annual Appreciation
1.45%
Original Mortgage
$1,277,208
Outstanding Balance
$1,237,092
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$426,612

Purchase Details

Closed on
Nov 18, 1999
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.96%

Purchase Details

Closed on
Mar 23, 1999
Sold by
Murillo Jose M and Tovar Erika L
Bought by
Source One Mtg Services Corp

Purchase Details

Closed on
Oct 24, 1998
Sold by
Tovar Erika L and Murillo Jose M
Bought by
Murillo Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,510
Interest Rate
6.91%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 9, 1998
Sold by
J Street Investments Llc
Bought by
Murillo Jose M and Tovar Erika L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,606
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 1997
Sold by
Swift James E and Stutz Jeffrey S
Bought by
J Street Investments Llc

Purchase Details

Closed on
Jan 13, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Swift James E and Stutz Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.63%

Purchase Details

Closed on
Sep 30, 1996
Sold by
Pnc Mtg Corp Of America
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 1, 1992
Sold by
Davis Charles H and Davis Michelle A
Bought by
Davis Charles H and Davis Michelle A
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
Mouradian Aline $1,597,000 Ticor Title
Shelter First Inc $118,000 Provident Title
Source One Mtg Services Corp $197,682 Stewart Title
Hud -- --
Murillo Jose M -- --
Murillo Jose M $192,000 Fidelity National Title Ins
J Street Investments Llc -- --
Swift James E $97,500 First American Title Co
Federal Home Loan Mortgage Corporation -- --
Pnc Mtg Corp Of America $180,000 Stewart Title
Davis Charles H -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mouradian Aline $1,277,208
Previous Owner Smith Hewitt A $26,000
Previous Owner Smith Hewitt A $448,900
Previous Owner Smith Hewitt A $482,000
Previous Owner Smith Hewitt A $476,000
Previous Owner Smith Hewitt A $476,000
Previous Owner Smith Hewitt A $475,800
Previous Owner Smith Hewitt A $479,500
Previous Owner Smith Hewitt A $65,760
Previous Owner Smith Hewitt A $241,500
Previous Owner Smith Hewitt A $100,000
Previous Owner Smith Hewitt A $34,000
Previous Owner Simth Hewitt A $270,000
Previous Owner Shelter First Inc $154,000
Previous Owner Murillo Jose M $30,510
Previous Owner Murillo Jose M $186,606
Previous Owner Swift James E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $1,596,510 -3.2% $683 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $1,650,000 -5.7% $706 / Sq Ft
07/27/2022 07/27/22 For Sale $1,750,000 -- $749 / 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 $19,869 $1,661,008 $1,162,706 $498,302
2024 $19,869 $1,628,440 $1,139,908 $488,532
2023 $19,565 $1,596,510 $1,117,557 $478,953
2022 $5,374 $425,961 $354,975 $70,986
2021 $5,300 $417,610 $348,015 $69,595
2020 $5,996 $413,669 $344,447 $69,222
2019 $5,147 $405,566 $337,694 $67,872
2018 $5,068 $397,621 $331,073 $66,548
2016 $4,829 $381,856 $318,218 $63,638
2015 $4,761 $376,122 $313,439 $62,683
2014 $4,796 $368,756 $307,300 $61,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22165577

California Regional Multiple Listing Service (CRMLS)

APN: 5460-010-007