NOT LISTED FOR SALE

4029 Ramsdell Ave La Crescenta, CA 91214

Estimated Value: $3,310,522 - $3,876,000

10 Beds
10 Baths
1,260 Sq Ft
$2,852/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $2,630,000 $2,087 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $19,831/month

54 Days on Market

Highlights

  • Laundry Room
  • La Crescenta Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of March 2018

The apartments at 4029-4031 Ramsdell Avenue offer investors a unique opportunity to acquire a 5-unit complex in the La Crescenta neighborhood within the city of Glendale. With every unit extensively remodeled in 2015, this 6,297 square foot property is comprised of an ideal unit mix featuring five, two-bedroom/two-bath units. Each apartment is approximately 1,250 sq. ft. and features laundry in the unit, remodeled kitchens, newer laminate flooring, remodeled bathrooms, newer copper plumbing and much more. Two of the units feature private yards, each tenant enjoys two outdoor parking spaces and there are 6 garage parking spaces plus additional storage space. Access to award-winning La Crescenta schools helps to assure low vacancy rates. Tenants benefit from its convenient location withclose proximity to employment hubs, entertainment venues, and shopping centers.

Last Agent to Sell the Property

Jeff Curtis

Keller Williams Realty License #01364089 Listed on: 02/02/2018

Co-Listed By

Selene Lum

Keller Williams Sierra Madre License #01829069

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 10,645 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 2-Story Property
  • Laminate Flooring

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5610008028

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: GLR3*
  • Property Type: Residential Income
  • Parcel Number: 5610008028
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Washer Included
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10645.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 10645.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
Feb 14, 2018
Sold by
K & S Property Investments Llc
Bought by
Arzoumanian Arineh
Seller's Agent
Jeff Curtis
Keller Williams Realty
List Price
$2,598,000
Sold Price
$2,630,000
Premium/Discount to List
$32,000
1.23%
Current Estimated Value
$3,301,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,180
Avg. Annual Appreciation
4.10%
Original Mortgage
$1,578,000
Outstanding Balance
$1,346,313
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
$2,246,948

Purchase Details

Listed on
Mar 20, 2015
Closed on
Dec 23, 2015
Sold by
Mnj Key Corporation
Bought by
K & S Property Invesments Llc and Singnature Property Services Llc
Seller's Agent
Yong Kim
Beta One Realty & Investment Inc.
Buyer's Agent
Jeff Curtis
List Price
$3,490,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,090,000
-31.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$1,325,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2014
Sold by
Vanorden David A and Wetzel Edward P
Bought by
Mnj Key Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2014
Sold by
Piscitello Robert B and Piscitello Family Trust
Bought by
Orden David A and Wetzel Edward P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2010
Sold by
Frame Gregory Hall and Frame Gillan Abrecrombie
Bought by
G & G Development Llc

Purchase Details

Closed on
Sep 5, 2007
Sold by
Piscitello Beverly M
Bought by
Piscitello Robert B and Piscitello Beverly M

Purchase Details

Closed on
Aug 15, 2005
Sold by
Frame Gregory H and Abercrombie Gillan G
Bought by
Frame Gregory Hall and Frame Gillan Abercrombie

Purchase Details

Closed on
Apr 21, 2004
Sold by
Kobeissi Hala
Bought by
Frame Gregory H and Abercrombie Gillan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2003
Sold by
Lee In Kyung
Bought by
Kobeissi Hala

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,754
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2001
Sold by
Lee Bong Kyun
Bought by
Lee In Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 7, 2001
Sold by
Morad
Bought by
Lee In Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.05%

Purchase Details

Closed on
Jul 24, 1997
Sold by
James O Miller Trust and Paul
Bought by
Morad
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arzoumanian Arineh $2,630,000 Chicago Title Company
K & S Property Invesments Llc $2,400,000 Provident Title Company
Mnj Key Corporation $1,420,000 North American Title Co
Orden David A -- None Available
G & G Development Llc -- None Available
Piscitello Robert B -- None Available
Frame Gregory Hall -- --
Frame Gregory H $599,000 Chicago Title Co
Kobeissi Hala $519,000 Chicago Title Co
Lee In Kyung -- Gateway Title Company
Lee In Kyung $246,000 Gateway Title Company
Morad -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arzoumanian Arineh $1,578,000
Previous Owner K & S Property Invesments Llc $1,325,000
Previous Owner Mnj Key Corporation $931,000
Previous Owner Frame Gregory H $249,000
Previous Owner Kobeissi Hala $256,754
Previous Owner Lee In Kyung $120,000
Closed Kobeissi Hala $250,000
Closed Frame Gregory H $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2018 03/30/18 Sold $2,630,000 +1.2% $2,087 / Sq Ft
02/02/2018 02/02/18 For Sale $2,598,000 +8.3% $2,062 / Sq Ft
12/31/2015 12/31/15 Sold $2,400,000 -31.2% $381 / Sq Ft View Prior Sale
06/06/2015 06/06/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $3,490,000 0.0% $554 / Sq Ft
09/15/2014 09/15/14 Rented $2,500 0.0% --
09/15/2014 09/15/14 Under Contract -- -- --
09/07/2014 09/07/14 For Rent $2,500 -- --
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 $31,045 $2,814,321 $2,056,620 $757,701
2024 $31,045 $2,759,140 $2,016,295 $742,845
2023 $30,347 $2,705,040 $1,976,760 $728,280
2022 $29,831 $2,652,000 $1,938,000 $714,000
2021 $31,109 $2,764,599 $1,892,121 $872,478
2020 $30,670 $2,736,252 $1,872,720 $863,532
2019 $29,931 $2,682,600 $1,836,000 $846,600
2018 $27,987 $2,496,960 $1,456,560 $1,040,400
2016 $26,676 $2,400,000 $1,400,000 $1,000,000
2015 $15,986 $1,420,000 $850,000 $570,000
2014 -- $172,164 $35,378 $136,786
Source: Public Records

Agents Affiliated with this Home

  • Jeff Curtis

    Seller's Agent in 2018

    Jeff Curtis

    Keller Williams Realty

    (844) 892-7780

    28 Total Sales

    Jeff Curtis
    Section Image
  • Selene Lum

    Seller Co-Listing Agent in 2018

    Selene Lum

    Keller Williams Sierra Madre

    (626) 405-8818

    22 Total Sales

    Selene Lum
    Section Image

  • Y

    Seller's Agent in 2015

    Yong Kim

    Beta One Realty & Investment Inc.

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-818000482

Pasadena-Foothills Association of REALTORS®

APN: 5610-008-028

California Los Angeles County La Crescenta 91214

4029 Ramsdell Ave, La Crescenta, CA

Not Listed for Sale

MultiFamily

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