$925,000
SOLD DEC 13, 2018
3 Beds
3 Baths
1,684 Sq Ft
6,226 Sq Ft Lot

Recently Sold

$549 Per Sq Ft

7% Below List Price

136 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • 1-minute walk to Harvard Mini Park
  • Herbert Hoover High School Rated A-
  • 1-Story Property

About This Home

As of December 2018

A rare opportunity to purchase fully remodeled 2 separate houses on a lot located in prime Glendale, across from Glendale Galleria and few blocks from The Americana. The property has a great unit mix of (1) 2+1.5 corner house, (1) 1+1 house, situated on a 6,225 sqft corner lot. Both houses features new custom kitchen cabinets with Quartz counters, new stainless steel appliances, new luxury baths, laundry in unit, new doors, floors, recessed lights, tankless water heater, updated electrical, new A/C & heat systems, news windows, copper plumbing, new sewer lines, new interior walls, remodeled exteriors, private yards and patio, 2 car garages & 2 parking spaces. Great rental location, walking distance to shopping, schools and parks. Both houses are rented, pictures are taken before tenants have moved in.

Last Agent to Sell the Property

Vince Kalachian

Keller Williams Realty License #01172350 Listed on: 07/30/2018

Keller Williams Realty

Co-Listed By

Melina Kalachian, CCIM

Keller Williams Realty License #01877904

Last Buyer's Agent

Vivian Long

Re/Max Optima License #00981087

Re/Max Optima

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,148

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,226 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 1-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5695012037

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $840
  • Water Sewer Expense $1,800
  • Gross Income $52,020
  • Net Operating Income $35,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,148

Year Built

Built in 1920 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5695012037
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: One

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6226.00
  • Lot Size Acres: 0.1429

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52020.00
  • Insurance Expense: 840.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6226.0000 Square Feet
  • Net Operating Income: 35693.00
  • 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
  • Operating Expense: 16327.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Albert Luis Mariano and Albert Luis M
Bought by
Toto Llc
Current Estimated Value
$1,355,241

Purchase Details

Listed on
Jul 30, 2018
Closed on
Nov 8, 2018
Sold by
Masihi Allen Nazari
Bought by
Nazari Masihi Allen
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Vivian Long
Re/Max Optima
List Price
$999,000
Sold Price
$925,000
Premium/Discount to List
-$74,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$647,500
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 11, 2018
Sold by
Masihi Allen Nazari
Bought by
Mariano Albert Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2016
Sold by
Jewell Janice
Bought by
Masihi Allen Nazari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2002
Sold by
Hinkle Opal V
Bought by
Hinkle Tisdal Steve
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 -- None Available
Interfamily Deed Transfer -- First American Title Company
Grant Deed -- First American Title Company
Grant Deed $925,000 First American Title Company
Grant Deed $670,000 Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $647,500 Adjustable Rate Mortgage/ARM
Previous Owner $490,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2021 01/28/21 Rented $2,500 0.0% --
12/29/2020 12/29/20 Under Contract -- -- --
12/24/2020 12/24/20 Price Changed $2,500 -9.1% --
12/24/2020 12/24/20 For Rent $2,750 0.0% --
12/13/2018 12/13/18 Sold $925,000 -2.5% $549 / Sq Ft
08/14/2018 08/14/18 Price Changed $949,000 -5.0% $564 / Sq Ft
07/30/2018 07/30/18 For Sale $999,000 0.0% $593 / Sq Ft
05/06/2017 05/06/17 Rented $2,685 0.0% --
04/25/2017 04/25/17 For Rent $2,685 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $11,148 $1,031,850 $836,637 $195,213
2024 $11,148 $1,011,619 $820,233 $191,386
2023 $10,893 $991,784 $804,150 $187,634
2022 $10,701 $972,338 $788,383 $183,955
2021 $10,518 $953,274 $772,925 $180,349
2020 $10,366 $943,500 $765,000 $178,500
2019 $10,111 $925,000 $750,000 $175,000
2018 $7,629 $694,620 $408,000 $286,620
2016 $617 $45,095 $36,005 $9,090
2015 $607 $44,419 $35,465 $8,954
2014 $618 $43,550 $34,771 $8,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-818003762

Pasadena-Foothills Association of REALTORS®

APN: 5695-012-037