NOT LISTED FOR SALE

Estimated Value: $1,432,000 - $1,930,452

5 Beds
4 Baths
2,705 Sq Ft
$617/Sq Ft Est. Value

Last Sold June 21, 2013

Last sale price $895,000 $331 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $10,105/month

10 Days on Market

Highlights

  • Central Heating and Cooling System
  • Herbert Hoover High School Rated A-
  • 1-Story Property

About This Home

As of June 2013

***DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCE***We are pleased to present a four-unit property located in Glendale, California. The property is centrally located to shops, restaurants, stores and entertainment, and is only three blocks north of the acclaimed Americana at Brand and Glendale Galleria shops.The house has been meticulously renovated, ensuring that the old world charm and classic craftsman features were kept intact. The units have been updated and are well-kept and maintained as all the residences have long-term tenure. The asset contains plenty of parking including two covered garage spaces and three on-site parking spaces. Laundry room is available for the three-unit structure and the house has it's own private laundry room.The new buyer will be gaining the benefit of all the time, energy and resources the sellers spent to remodel and update the house and units. At the current list price, this four-unit is one of the lowest priced four-unit properties in Glen

Last Buyer's Agent

Marion Fairbanks

License #01009669

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,134

Year Built

  • Built in 1913

Lot Details

  • 6,553 Sq Ft Lot

Interior Spaces

  • 2,705 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Driveway
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5637-005-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,134

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2705
  • Stories: 1
  • Year Built: 1913
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 328.28

Exterior Features

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

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Above Street Level, Driveway - Concrete, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Central, Window Unit(s)
  • Heating: Central, Wall, Wall Electric
  • Water Expense: 5044.00

Fee Information

  • Insurance Expense: 2216.00
  • Maintenance Expense: 2294.00

Lot Info

  • Assessor Parcel Number: 5637-005-036
  • Geocode Override: No
  • Lot Size Area: 6553

Rental Info

  • Total Actual Rent: 61800.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.00
  • Number Of Units: 4
  • Total Annual Expense: 20388
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 10834.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2014
Sold by
Wall Patrick R and Wall Annabelle R
Bought by
Glendale Kkap 2 Llc
Current Estimated Value
$1,646,697

Purchase Details

Listed on
Apr 30, 2013
Closed on
May 14, 2013
Sold by
Garabedian Vachig R and Garabedian Krikor
Bought by
Wall Patrick R
Seller's Agent
Keller Williams Realty
Buyer's Agent
Marion Fairbanks
List Price
$888,000
Sold Price
$895,000
Premium/Discount to List
$7,000
0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$581,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2010
Sold by
Ohanes Rafi K
Bought by
Garabedian Vachig R

Purchase Details

Closed on
Jan 8, 2008
Sold by
Ohanes Rafi K and Garabedian Vachig R
Bought by
Ohanes Rafi K

Purchase Details

Closed on
Sep 14, 2007
Sold by
Ohanes Shaki D
Bought by
Ohanes Rafi K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2007
Sold by
Johnson Craig and The Johnson Family Trust
Bought by
Ohanes Rafi K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2002
Sold by
The Johnson Family Trust
Bought by
Johnson Elaine V
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Glendale Kkap 2 Llc -- None Available
Wall Patrick R $895,008 North American Title Co Inc
Garabedian Vachig R $10,000 None Available
Ohanes Rafi K -- None Available
Ohanes Rafi K -- Lawyers Title
Ohanes Rafi K $875,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wall Patrick R $581,000
Previous Owner Garabedian Vachig R $708,000
Previous Owner Ohanes Rafi K $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold $895,000 +0.8% $331 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $888,000 -- $328 / 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
2025 $12,134 $1,103,266 $735,512 $367,754
2024 $12,134 $1,081,635 $721,091 $360,544
2023 $11,861 $1,060,427 $706,952 $353,475
2022 $11,656 $1,039,636 $693,091 $346,545
2021 $11,453 $1,019,251 $679,501 $339,750
2020 $11,290 $1,008,801 $672,534 $336,267
2019 $11,017 $989,022 $659,348 $329,674
2018 $10,789 $969,630 $646,420 $323,210
2016 $10,292 $931,980 $621,320 $310,660
2015 $10,082 $917,982 $611,988 $305,994
2014 $10,000 $899,063 $597,701 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-668883

The MLS

APN: 5637-005-036