Arthur Ambarchyan
Responds Quickly
Keller Williams R. E. Services
(747) 271-1402
79 Total Sales
2 in Citrus Grove
$840K - $1.2M Price Range
411 Naranja Dr Glendale, CA 91206
Citrus Grove Neighborhood
8
Beds
7
Baths
5,161
Sq Ft
7,646
Sq Ft Lot
Highlights
- Side by Side Parking
- Laundry Room
- 6 Attached Carport Spaces
About This Home
As of May 2024PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 12/11/2023
Last Buyer's Agent
Arthur Chalekian
License #01982432
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 7,646 Sq Ft Lot
Interior Spaces
- 5,161 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 12 Parking Spaces
- 6 Attached Carport Spaces
- Side by Side Parking
- Tandem Parking
- Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 7 Units
- Laundry Facilities
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water
- Assessor Parcel Number 5645-007-012
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2023
Closed on
Apr 24, 2024
Sold by
Bought by
Seller's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Arthur Chalekian
List Price
$2,650,000
Sold Price
$2,400,000
Premium/Discount to List
-$250,000
-9.43%
Views
105
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,561,832
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 30, 2021
Closed on
Jul 30, 2021
Sold by
Bought by
Seller's Agent
Craig Farestveit
Craig Estates & Fine Propertie
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,995,000
Sold Price
$2,050,000
Premium/Discount to List
$55,000
2.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Purchase Details
Listed on
Jun 30, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Craig Farestveit
Craig Estates & Fine Propertie
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,995,000
Sold Price
$2,050,000
Premium/Discount to List
$55,000
2.76%
Purchase Details
Listed on
Jun 30, 2021
Closed on
Jul 25, 2021
Sold by
Bought by
Seller's Agent
Craig Farestveit
Craig Estates & Fine Propertie
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,995,000
Sold Price
$2,050,000
Premium/Discount to List
$55,000
2.76%
Purchase Details
Listed on
Jun 30, 2021
Closed on
Jul 22, 2021
Sold by
Bought by
Seller's Agent
Craig Farestveit
Craig Estates & Fine Propertie
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,995,000
Sold Price
$2,050,000
Premium/Discount to List
$55,000
2.76%
Purchase Details
Closed on
Dec 29, 2020
Sold by
Bought by
Purchase Details
Closed on
May 20, 2016
Sold by
Bought by
Purchase Details
Closed on
Dec 18, 2014
Sold by
Bought by
Purchase Details
Closed on
Dec 16, 2013
Sold by
Bought by
Purchase Details
Closed on
Nov 8, 2013
Sold by
Bought by
Purchase Details
Closed on
Nov 12, 2012
Sold by
Bought by
Purchase Details
Closed on
Dec 15, 2011
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 2011
Sold by
Bought by
Purchase Details
Closed on
Dec 16, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 16, 2010
Sold by
Bought by
Purchase Details
Closed on
Sep 25, 2001
Sold by
Bought by
Purchase Details
Closed on
May 23, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Citrus Grove, CA
-
Arthur Ambarchyan
-
'Vic' Vartan Markarian
'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
8 in Citrus Grove
$615K - $1.1M Price Range
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
83 Total Sales
1 in Citrus Grove
$725,000 Price
-
Ani Nersisyan
Ani Nersisyan
Christie's Int. R.E SoCal
(747) 204-0794
73 Total Sales
1 in Citrus Grove
$641,000 Price
-
Amalia Khachikian
Amalia Khachikian
Responds QuicklyBerkshire Hathaway HomeServices California Properties
(424) 359-1579
45 Total Sales
1 in Citrus Grove
$695,000 Price
-
Colin Hoffmeister
Colin Hoffmeister
eXp Realty of California Inc
(424) 414-2133
16 Total Sales
3 in Citrus Grove
$625K - $750K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $869,500 | Commonwealth Land Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| $2,050,000 | Chicago Title | ||
| -- | None Listed On Document | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Accommodation | ||
| -- | None Available | ||
| -- | Gateway Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,600,000 | ||
| Previous Owner | $1,600,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2024 05/08/24 | Sold | $2,400,000 | -7.5% | $465 / Sq Ft | |
| 03/09/2024 03/09/24 | Pending | -- | -- | -- | |
| 02/14/2024 02/14/24 | Price Changed | $2,595,000 | -2.1% | $503 / Sq Ft | |
| 01/26/2024 01/26/24 | For Sale | $2,650,000 | 0.0% | $513 / Sq Ft | |
| 01/02/2024 01/02/24 | Pending | -- | -- | -- | |
| 12/11/2023 12/11/23 | For Sale | $2,650,000 | +29.3% | $513 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $2,050,000 | +2.8% | $397 / Sq Ft | View Prior Sale |
| 07/13/2021 07/13/21 | Pending | -- | -- | -- | |
| 06/30/2021 06/30/21 | For Sale | $1,995,000 | -- | $387 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,207 | $2,448,000 | $1,652,400 | $795,600 |
| 2024 | $24,092 | $2,132,820 | $1,560,600 | $572,220 |
| 2023 | $23,552 | $2,091,000 | $1,530,000 | $561,000 |
| 2022 | $23,152 | $2,050,000 | $1,500,000 | $550,000 |
| 2021 | $5,123 | $389,453 | $215,476 | $173,977 |
| 2020 | $5,066 | $385,461 | $213,267 | $172,194 |
| 2019 | $4,962 | $377,904 | $209,086 | $168,818 |
| 2018 | $4,797 | $370,495 | $204,987 | $165,508 |
| 2016 | $4,496 | $356,110 | $197,028 | $159,082 |
| 2015 | $4,416 | $350,762 | $194,069 | $156,693 |
| 2014 | $4,429 | $343,892 | $190,268 | $153,624 |
Source: Public Records
Agents Affiliated with this Home
-
Derrick Vartanian
Seller's Agent in 2024
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
(310) 482-2200
2 in this area
12 Total Sales
-
A
Buyer's Agent in 2024
Arthur Chalekian
-
Craig Farestveit
Seller's Agent in 2021
Craig Farestveit
Craig Estates & Fine Propertie
(818) 913-2192
1 in this area
79 Total Sales
Map
Source: The MLS
MLS Number: 23-338800
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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