NOT LISTED FOR SALE

Estimated Value: $1,589,000 - $1,926,817

6 Beds
4 Baths
3,183 Sq Ft
$558/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $1,868,000 $587 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,068/month

14 Days on Market

Highlights

  • Peek-A-Boo Views
  • Traditional Architecture
  • Laundry Room
  • Herbert Hoover High School Rated A-
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of May 2022

Proudly presenting the Villas on Vine, a Fully Occupied Trophy Three Unit w/plans for an additional 4th unit in an excellent area of Glendale on a quiet tree lined street. The property has a bountiful unix mix consisting of 1 large (2BD/1.5BA) House, 1 large (1BD/1BA), 1 large (3BD/2BA) and plans that are ready to issue permits (RTI) for a 1BD/1BA ADU 4th unit. The property has been completely reimagined between 2020 & 2021 including but not limited to electrical, plumbing, and all interior/exterior components. All units have W/D inside and all units have Central HVAC. In addition to its superb characteristics, The property is located within steps from the Americana at Brand and Glendale's City Center. With a combined building income of $7,600 and excellent tenants, the Villas on Vine offers an investor to take over an exceptional, low-maintenance asset in a remarkable location.

Last Agent to Sell the Property

Arbi Baghoomian

Americana Real Estate Services License #01863845 Listed on: 04/19/2022

Co-Listed By

Narbe Baghoomian

Americana Real Estate Services License #01956848

Last Buyer's Agent

Zartik Garabedian

Engel & Völkers Burbank License #00976559

Engel & Völkers Burbank

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • 6,207 Sq Ft Lot
  • No Common Walls

Home Design

  • Traditional Architecture
  • Split Level Home
  • Shingle Roof

Interior Spaces

  • 6 Bedrooms
  • 3,183 Sq Ft Home
  • Wood Flooring
  • Peek-A-Boo Views

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Three Garage Doors
  • Combination Of Materials Used In The Driveway

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5696009004

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Not Applicable 105 Subdivision

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1908 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Not Applicable-105
  • View: Yes
  • Zoning: GLR4YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5696009004
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: Multi/Split
  • Price Per Square Foot: 586.87

Exterior Features

  • View: Peek-A-Boo
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination, Garage - Three Door

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6207.00
  • Lot Size Acres: 0.1425

Multi Family

  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6207.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 7600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2024
Sold by
Trashyan Davit and Trashyan Tatul
Bought by
Trashyan Davit
Current Estimated Value
$1,777,454

Purchase Details

Closed on
Jul 20, 2020
Sold by
Falzone Sam
Bought by
Biglari Derou and Markarian Ani Armen

Purchase Details

Closed on
Nov 21, 2011
Sold by
Falzone Sam and Virgadamo Sarah R
Bought by
Falzone Sam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2003
Sold by
Falzone Mary C
Bought by
Falzone Sam and Virgadamo Sarah R
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
Trashyan Davit -- None Listed On Document
Trashyan Davit -- None Listed On Document
Biglari Derou $1,320,000 Fidelity National Title Co
Falzone Sam -- Orange Coast Title
Falzone Sam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falzone Sam $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2022 05/09/22 Sold $1,868,000 0.0% $587 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/29/2022 04/29/22 Off Market $1,868,000 -- --
04/28/2022 04/28/22 For Sale $1,675,000 -10.3% $526 / Sq Ft
04/27/2022 04/27/22 Off Market $1,868,000 -- --
04/19/2022 04/19/22 For Sale $1,675,000 -- $526 / 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 $21,398 $1,993,663 $1,456,021 $537,642
2024 $21,398 $1,935,144 $1,414,944 $520,200
2023 $20,908 $1,897,200 $1,387,200 $510,000
2022 $14,978 $1,346,400 $805,800 $540,600
2021 $14,717 $1,320,000 $790,000 $530,000
2020 $4,678 $406,435 $162,729 $243,706
2019 $4,569 $398,467 $159,539 $238,928
2018 $4,433 $390,655 $156,411 $234,244
2016 $4,200 $375,488 $150,339 $225,149
2015 $4,116 $369,849 $148,081 $221,768
2014 $4,097 $362,605 $145,181 $217,424
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320010005

California Regional Multiple Listing Service (CRMLS)

APN: 5696-009-004