NOT LISTED FOR SALE

Estimated Value: $1,245,000 - $2,839,949

3 Beds
2 Baths
1,618 Sq Ft
$1,375/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $1,000,000 $618 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $13,421/month

6 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Garden
  • Central Heating
  • Laundry Room

About This Home

As of March 2022

Two stand alone units with detached 3 car garage with separate doors/walls on a huge lot located in a prime location in Glendale, CA. Ample parking and storage in both units. Quiet safe neighborhood close to shopping, restaurants, easy freeway access to the 2, 134 and 5. Front unit is a 1 bedroom and 1 bathroom while the rear unit comes with 2 bedrooms and 1 bathroom. A lot of natural light flows into each unit as both have many windows which were recently upgraded. Priced to sell as is.

Last Agent to Sell the Property

Michael Chai

Wendy Chai License #01019337 Listed on: 01/29/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,570

Year Built

  • Built in 1941

Lot Details

  • 7,863 Sq Ft Lot
  • No Common Walls
  • Garden
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,618 Sq Ft Home
  • Fire Rated Drywall
  • Tile Roof
  • Common Roof
  • Pre-Cast Concrete Construction
  • Plaster

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 5680
  • Tax Tract Number 16
  • Assessor Parcel Number 5680018016
  • $252 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,039
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,648
  • Operating Expense $3,887
  • Gross Income $60,000
  • Net Operating Income $56,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,570

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 494000
  • Property Attached: No
  • Water Sewer Expenses: 1648.00
  • Property Type: Residential Income
  • Parcel Number: 5680018016
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 618.05

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Common Roof, Tile
  • Construction Materials: Concrete, Drywall Walls, Plaster

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden
  • Lot Size Sq Ft: 7863.00
  • Lot Size Acres: 0.1805

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1039.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7863.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 56113.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 3887.00
  • Rent Control: Yes
  • Total Expenses: 3887.00

Tax Info

  • Tax Lot: 5680
  • Tax Tract Number: 016
  • TaxOtherAnnualAssessmentAmount: 252.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2022
Closed on
Mar 1, 2022
Sold by
Nicholas Chen
Bought by
Sarnaghi Arlen Alexanian and Sarnaghi Armen Alexanian
Seller's Agent
Michael Chai
Wendy Chai
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$988,000
Sold Price
$1,000,000
Premium/Discount to List
$12,000
1.21%
Total Days on Market
6
Current Estimated Value
$2,225,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,225,487
Avg. Annual Appreciation
28.10%
Original Mortgage
$771,000
Outstanding Balance
$726,761
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,498,726

Purchase Details

Closed on
Apr 10, 2013
Sold by
Chesworth Jeanne A and Chestworth 1997 Revoca Jeane A
Bought by
Chen Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1997
Sold by
Chesworth Jeanne A
Bought by
Chesworth Jeanne A and Chesworth 1997 Revoca Jeanne A
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 Buyer Sale Price Title Company
Sarnaghi Arlen Alexanian $1,000,000 Ticor Title
Chen Nicholas $462,000 North Bay Title Co
Chesworth Jeanne A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarnaghi Arlen Alexanian $771,000
Previous Owner Chen Nicholas $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $1,000,000 +1.2% $618 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $988,000 -- $611 / 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
2024 $11,570 $1,040,400 $780,300 $260,100
2023 $11,307 $1,020,000 $765,000 $255,000
2022 $6,081 $536,095 $374,805 $161,290
2021 $5,974 $525,584 $367,456 $158,128
2019 $5,749 $509,997 $356,558 $153,439
2018 $5,594 $499,998 $349,567 $150,431
2016 $5,332 $480,585 $335,994 $144,591
2015 $5,224 $473,368 $330,948 $142,420
2014 $5,188 $464,097 $324,466 $139,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22018159

California Regional Multiple Listing Service (CRMLS)

APN: 5680-018-016