NOT LISTED FOR SALE

416 Griswold St Glendale, CA 91205

Somerset Neighborhood

Estimated Value: $1,010,000 - $1,298,000

3 Beds
2 Baths
1,584 Sq Ft
$750/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $763,000 $482 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,999/month

50 Days on Market

Highlights

  • Laundry Room
  • Paved or Partially Paved Lot
  • Back and Front Yard

About This Home

As of December 2017

Back on market! Previously sold with multiple bids! Run don't walk! Awesome location on a huge lot!! Front house features 2 bedrooms, 1 remodeled bathroom, remodeled kitchen, formal dining room, laundry room, central heat and air, pergo flooring!!! Back house features 1 bedroom and 1 bathroom!! 1 car garage with large workshop could be 2 car garage! 5.54 projected cap rate. 13.68 x projected gross.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 09/05/2017

Last Buyer's Agent

Armine Daghbashyan

Coldwell Banker Hallmark Realty License #01757693

Coldwell Banker Hallmark Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,997 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 1 Car Garage

Home Design

  • 1,584 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 4478
  • Assessor Parcel Number 5680018002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Trash Expense $1,800
  • New Taxes Expense $10,000
  • Operating Expense $13,600
  • Gross Income $56,280
  • Net Operating Income $42,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.54
  • Property Attached: No
  • Zoning: GLR4*
  • Property Type: Residential Income
  • Parcel Number: 5680018002
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 481.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level, Paved
  • Lot Size Sq Ft: 7997.00

Multi Family

  • Gross Income: 56280.00
  • Gross Multiplier: 13.68
  • Gross Scheduled Income: 56280.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 42680.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13600.00
  • Rent Control: No
  • Total Expenses: 13600.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 3021.03
  • Tax Lot: 58
  • Tax Tract Number: 4478

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Nov 2, 2017
Sold by
Cortes Larry and Cortes Karla E
Bought by
Yeghikyan Armen and Yeghikyan Armine
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Armine Daghbashyan
Coldwell Banker Hallmark Realty
List Price
$799,997
Sold Price
$763,000
Premium/Discount to List
-$36,997
-4.62%
Current Estimated Value
$1,187,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,811
Avg. Annual Appreciation
5.66%
Original Mortgage
$572,250
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 19, 2003
Sold by
Richardson Genevieve E
Bought by
Cortes Larry and Cortes Karla E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2001
Sold by
Willis Mark J R and Willis Edina V
Bought by
Richardson Genevieve E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8.25%

Purchase Details

Closed on
May 14, 1998
Sold by
Citibank Fsb
Bought by
Willis Mark J R and Willis Edina V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,170
Interest Rate
7.01%
Mortgage Type
VA

Purchase Details

Closed on
Sep 4, 1997
Sold by
Nicolas Danilo and Nicolas Estrella
Bought by
Citibank Fsb
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
Yeghikyan Armen $770,000 Fidelity National Title Co
Cortes Larry $400,000 Landsafe Title
Richardson Genevieve E $295,000 Landsafe Title
Willis Mark J R $183,500 Old Republic Title Company
Citibank Fsb $130,652 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yeghikyan Armen $572,250
Previous Owner Cortes Larry $230,000
Previous Owner Richardson Genevieve E $236,000
Previous Owner Willis Mark J R $187,170
Closed Richardson Genevieve E $44,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $763,000 -0.9% $482 / Sq Ft
10/20/2017 10/20/17 Price Changed $769,967 -2.5% $486 / Sq Ft
10/16/2017 10/16/17 Price Changed $789,987 +3.2% $499 / Sq Ft
10/16/2017 10/16/17 Price Changed $765,567 -4.3% $483 / Sq Ft
09/05/2017 09/05/17 For Sale $799,997 -- $505 / 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 $9,450 $868,159 $739,587 $128,572
2024 $9,450 $851,137 $725,086 $126,051
2023 $9,235 $834,449 $710,869 $123,580
2022 $9,073 $818,088 $696,931 $121,157
2021 $8,917 $802,048 $683,266 $118,782
2020 $8,789 $793,825 $676,260 $117,565
2019 $8,575 $778,260 $663,000 $115,260
2018 $8,450 $763,000 $650,000 $113,000
2017 $5,528 $499,162 $461,730 $37,432
2016 $5,351 $489,376 $452,677 $36,699
2015 $5,241 $482,026 $445,878 $36,148
2014 $5,204 $472,584 $437,144 $35,440
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2017

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    1 in this area

    354 Total Sales

    Brad Korb
    Section Image
  • Armine Daghbashyan

    Buyer's Agent in 2017

    Armine Daghbashyan

    Coldwell Banker Hallmark Realty

    (818) 517-8983

    64 Total Sales

    Armine Daghbashyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17195429

California Regional Multiple Listing Service (CRMLS)

APN: 5680-018-002

California Los Angeles County Glendale 91205 Somerset

416 Griswold St, Glendale, CA

Not Listed for Sale

MultiFamily

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