$1,395,000
SOLD NOV 22, 2024 RENTED FEB 22, 2025
6 Beds
6 Baths
3,697 Sq Ft
4,465 Sq Ft Lot

Recently Sold

$377 Per Sq Ft

9% Below List Price

56 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail
  • Abraham Lincoln Elementary School Rated A-
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of November 2024

Located in the family-friendly neighborhood of La Crescenta, this charming duplex offers easy access to the historic Montrose town and is situated in a top-rated school district, making it an ideal place to live or invest. The property features plenty of storage space inside and includes an additional two-car garage in the back, bringing the total to three car garage for the owner user. This property is perfect for investors seeking long-term returns or families looking for a great place to call home and generate income. Don't miss out on this rare opportunity to own a valuable piece of real estate in a highly desirable area. Potential ADU opportunity in the back to add another unit.

Last Agent to Sell the Property

Harut Kostikyan

HK Realty Brokerage Email: harut@hkrealtyfirm.com License #01937435 Listed on: 08/27/2024

Last Buyer's Agent

S Ashkan Shahniani

eXp Realty of Greater L.A. Inc License #02204191

eXp Realty of Greater L.A. Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,462

Year Built

  • Built in 1978

Lot Details

  • 4,465 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,697 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 152
  • Tax Tract Number 5547
  • Assessor Parcel Number 5607016016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Trash Expense $300
  • Operating Expense $1,800
  • Gross Income $39,000
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,462

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Inclusions: All Furniture is negotiable
  • Price Per Unit: 697500
  • Property Attached: No
  • View: No
  • Zoning: GLR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5607016016
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 377.33
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4465.00
  • Lot Size Acres: 0.1025

Multi Family

  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4465.0000 Square Feet
  • Net Operating Income: 38400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 600.00
  • Rent Control: No
  • Total Expenses: 1800.00

Tax Info

  • Tax Census Tract: 3004.00
  • Tax Lot: 152
  • Tax Tract Number: 5547

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 19, 2024
Sold by
Aghabegian Armen and Harutyunyan Ruzanna
Bought by
Shahniani Zahra and Shahniani Brandon
Seller's Agent
Harut Kostikyan
HK Realty
Buyer's Agent
S Ashkan Shahniani
eXp Realty of Greater L.A. Inc
List Price
$1,524,999
Sold Price
$1,395,000
Premium/Discount to List
-$129,999
-8.52%
Total Days on Market
56
Views
42
Current Estimated Value
$1,354,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,568
Avg. Annual Appreciation
-5.52%
Original Mortgage
$459,400
Outstanding Balance
$457,666
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$896,766

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 18, 2024
Sold by
Aghabegian Armen
Bought by
Aghabegian Armen and Harutyunyan Ruzanna
Seller's Agent
Harut Kostikyan
HK Realty
Buyer's Agent
S Ashkan Shahniani
eXp Realty of Greater L.A. Inc
List Price
$1,524,999
Sold Price
$1,395,000
Premium/Discount to List
-$129,999
-8.52%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,400
Outstanding Balance
$457,666
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$896,766

Purchase Details

Closed on
Oct 15, 2021
Sold by
Aghabegian Ruzanna
Bought by
Aghabegian Armen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2021
Sold by
Mathewsian Bedros Peter and Mathewsian Rima
Bought by
Aghabegian Armen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2001
Sold by
Brennan John and Brennan Philomena
Bought by
Mathewsian Bedros Peter and Mathewsian Rima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.09%

Purchase Details

Closed on
Aug 19, 1998
Sold by
Brennan John and Brennan Philomena
Bought by
Brennan John and Brennan Philomena
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 Type Sale Price Title Company
Grant Deed $1,395,000 Clearmark Title
Grant Deed $1,395,000 Clearmark Title
Gift Deed -- Clearmark Title
Grant Deed -- Clearmark Title
Gift Deed -- Clearmark Title
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $1,391,000 Chicago Title Company
Grant Deed $399,000 Lawyers Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $459,400 New Conventional
Closed $459,400 New Conventional
Previous Owner $571,000 New Conventional
Previous Owner $352,250 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $444,000 Unknown
Previous Owner $320,000 Unknown
Previous Owner $319,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2025 02/22/25 Rented $4,000 0.0% --
02/21/2025 02/21/25 Under Contract -- -- --
02/14/2025 02/14/25 For Rent $4,000 0.0% --
11/22/2024 11/22/24 Sold $1,395,000 0.0% $377 / Sq Ft
11/22/2024 11/22/24 Sold $1,395,000 0.0% $377 / Sq Ft
09/25/2024 09/25/24 Price Changed $1,395,000 0.0% $377 / Sq Ft
09/25/2024 09/25/24 Price Changed $1,395,000 -8.5% $377 / Sq Ft
09/06/2024 09/06/24 For Sale $1,524,999 0.0% $412 / Sq Ft
08/27/2024 08/27/24 For Sale $1,524,999 -- $412 / 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
2024 $16,462 $1,447,196 $864,572 $582,624
2023 $16,096 $1,418,820 $847,620 $571,200
2022 $15,435 $1,391,000 $831,000 $560,000
2021 $6,174 $544,533 $300,245 $244,288
2019 $5,938 $528,385 $291,341 $237,044
2018 $5,817 $518,026 $285,629 $232,397
2016 $5,516 $497,913 $274,539 $223,374
2015 $5,404 $490,435 $270,416 $220,019
2014 $5,364 $480,829 $265,119 $215,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD24178072

California Regional Multiple Listing Service (CRMLS)

APN: 5607-016-016