NOT LISTED FOR SALE

412 E Palmer Ave Glendale, CA 91205

Adams Hill Neighborhood

Estimated Value: $1,277,000 - $1,764,000

4 Beds
4 Baths
2,978 Sq Ft
$517/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $1,325,000 $445 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,399/month

73 Days on Market

Highlights

  • Granite Countertops
  • Double Pane Windows
  • Shed
  • Horace Mann Elementary School Rated A-
  • Bathtub with Shower
  • 4-minute walk to Palmer Park

About This Home

As of June 2021

Twin 4-plex buildings side-by-side on next to corner lot with large rear parking and patios, sold together. All of these large 1 bed/1 bath units have washer-dryer hookups (many sold with energy efficient appliances), separate hot water heaters and individually metered (gas & electric) )Renovated units have new electrical breaker panels Pride of ownership, Milgard double pane windows throughout. copper plumbing, and drought resistant landscaping. Easy Financing desirable rentals with convenient access to LA, walkable services in the neighborhood, and easy access to Glendale medical centers

Last Agent to Sell the Property

Charles Dunn

NAI Capital, Inc. License #00965553 Listed on: 03/08/2021

Last Buyer's Agent

Michael Ashjian

License #01862493

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,800

Parking

  • 4 Parking Spaces

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,978 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Granite Countertops
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Kitchen
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Shed
  • 6,800 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5676-029-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Drive by only disturb tenants
  • Living Area: 2978
  • Lot Acreage: 0.1561
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Oven-Gas
  • Bedrooms: 4
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Tile Counters, Granite Counters
  • Laundry: In Kitchen
  • Total Bathrooms: 4.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 468.00
  • Windows: Double Pane Windows, Window Blinds

Exterior Features

  • Other Structures: Shed(s)
  • Roof: Asphalt

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 4

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: In Street

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 186399
  • Assessed Land Percent: 80
  • Assessed Land Value: 745599
  • Total Assessed Value: 931998
  • Assessor Parcel Number: 5676-029-013
  • Lot Size Area: 6800

Rental Info

  • Total Actual Rent: 75876.00
  • Owner Pays: Water, Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.39
  • Number Of Units: 4
  • Type Of Units: Garden
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Jun 23, 2021
Sold by
Raad Paul and Raad Monica
Bought by
Ashjian Michael Mohsen and Ashjian Christina
Seller's Agent
Charles Dunn
NAI Capital, Inc.
Buyer's Agent
Michael Ashjian
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%
Current Estimated Value
$1,539,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,360
Avg. Annual Appreciation
3.40%
Original Mortgage
$934,861
Outstanding Balance
$840,850
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$698,510

Purchase Details

Listed on
Mar 12, 2015
Closed on
Apr 23, 2015
Sold by
Corral Nancy G
Bought by
Raad Paul and Raad Monica
Seller's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$630,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2011
Sold by
Mallari Fe Venzon and Fe Venzon Mallari Revocable Tr
Bought by
Corral Nancy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2007
Sold by
Mallari Fe Venzon
Bought by
Mallari Fe Venzon and Fe Venzon Mallari Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2006
Sold by
Mallari Fe Venzon
Bought by
Mallari Fe Venzon and Fe Venzon Mallari Revocable Trust

Purchase Details

Closed on
Jun 28, 2005
Sold by
Farzadpour Hamid and Khalili Maryam
Bought by
Mallari Fe Venzon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
7.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Terhovsepians Nareg and Magardechian Karo
Bought by
Farzadpour Hamid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2003
Sold by
Magardichian Armineh
Bought by
Terhovsepian Nareg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,700
Interest Rate
4.62%

Purchase Details

Closed on
Mar 21, 2003
Sold by
Gukasyan Mayis
Bought by
Magardechian Karo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,700
Interest Rate
4.62%

Purchase Details

Closed on
Sep 23, 2001
Sold by
Baliotis Demetre and Baliotis Tina
Bought by
Gukasyan Mayis

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
6.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ashjian Michael Mohsen $1,325,000 Old Republic Title
Ashjian Michael Mohsen -- Old Republic Title
Raad Paul $900,000 Lawyers Title
Corral Nancy G -- Lawyers Title
Corral Nancy G $550,000 None Available
Mallari Fe Venzon -- Accommodation
Mallari Fe Venzon -- First American Title
Mallari Fe Venzon -- Accommodation
Mallari Fe Venzon $900,000 Fidelity National Title
Farzadpour Hamid $642,000 Gateway Title
Terhovsepian Nareg -- --
Magardechian Karo $423,000 First American Title Co
Gukasyan Mayis $335,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashjian Michael Mohsen $934,861
Previous Owner Raad Paul $630,000
Previous Owner Corral Nancy G $440,000
Previous Owner Mallari Fe Venzon $780,000
Previous Owner Mallari Fe Venzon $765,000
Previous Owner Farzadpour Hamid $500,000
Previous Owner Magardechian Karo $380,700
Previous Owner Gukasyan Mayis $300,000
Closed Farzadpour Hamid $77,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2021 06/28/21 Sold $1,325,000 -5.0% $445 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $1,395,000 +55.0% $468 / Sq Ft
05/15/2015 05/15/15 Sold $900,000 +2.9% $302 / Sq Ft View Prior Sale
03/29/2015 03/29/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $875,000 -- $294 / Sq Ft
Source: The MLS

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 $15,998 $1,434,221 $1,082,432 $351,789
2024 $15,673 $1,406,100 $1,061,208 $344,892
2023 $15,317 $1,378,530 $1,040,400 $338,130
2022 $15,053 $1,351,500 $1,020,000 $331,500
2021 $11,249 $999,286 $799,431 $199,855
2020 $11,088 $989,040 $791,234 $197,806
2019 $10,821 $969,648 $775,720 $193,928
2018 $10,599 $950,636 $760,510 $190,126
2016 $10,106 $913,725 $730,980 $182,745
2015 $6,404 $574,805 $365,785 $209,020
2014 -- $563,546 $358,620 $204,926
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Charles Dunn

    NAI Capital, Inc.

  • M

    Buyer's Agent in 2021

    Michael Ashjian

  • T

    Seller's Agent in 2015

    Thomas Kennedy

    Vanguard Realty & Mortgage, Inc.

    (805) 521-6325

    Thomas Kennedy
    Section Image

  • M

    Seller Co-Listing Agent in 2015

    Michael Kennedy

    Vanguard Realty & Mortgage, Inc.

    (805) 587-6163

    3 Total Sales

    Michael Kennedy
    Section Image
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Map

Source: The MLS

MLS Number: 21-702442

The MLS

APN: 5676-029-013

California Los Angeles County Glendale 91205 Adams Hill

412 E Palmer Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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