NOT LISTED FOR SALE

Estimated Value: $1,096,000 - $1,474,980

3 Beds
2 Baths
1,846 Sq Ft
$705/Sq Ft Est. Value

Last Sold December 23, 2015

Last sale price $715,000 $387 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $7,648/month

76 Days on Market

Highlights

  • Living Room
  • Central Heating and Cooling System
  • Carpet
  • Laundry Room

About This Home

As of December 2015

DELI EVERED VACANT----Don't miss this opportunity.....Own your piece and then some... Close distance to everything GLENDALE has to offer: Places of worship, restaurants & shops (along the COLORADO strip), City Hall, library, park's & tennis-courts!

Located among lined residential streets in the highly sought after GREATER GLENDALE neighborhood. The property is surrounded by very well upkept single family homes. The property features 2 well maintained units, both are single level buildings. Both units have been updated with new windows, kitchen, bathroom and flooring. Each unit boasts glamourous hardwood floors and recessed lighting throughout. Front unit has 2 bedrooms and 1 bath. Rear unit has 1 bedroom and 1 bath.

Great opportunity layout. If your looking to expand your Real-Estate portfolio or simply want a great start to ownership, this could be the home for you.

This is a great opportunity for an investor/developer with a vision to take advantage of the tremendous potential the lot has to offer-----or----An investor/developer looking to invest in an area with low vacancy rates.

Last Agent to Sell the Property

RAMON LOPEZ

REH REAL ESTATE License #01482323 Listed on: 10/15/2015

Last Buyer's Agent

Nuha Bunni

Re/Max Optima License #01246675

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,321

Year Built

  • Built in 1921

Lot Details

  • 7,497 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,846 Sq Ft Home
  • Living Room
  • Carpet
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 2
  • Tax Tract Number 4222
  • Assessor Parcel Number 5674031002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,790
  • Net Operating Income $2,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,321

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Other Phone Description: 626-710-5785
  • Property Attached: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5674031002
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Price Per Square Foot: 387.32
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7497.00
  • Price Per Lot Square Foot: 95.37
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 2790.00
  • Gross Scheduled Income: 2950.00
  • Lot Size Area: 7497.0000 Square Feet
  • Net Operating Income: 2790.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 160.00
  • Rent Control: No
  • Total Actual Rent: 2950.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 4222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2015
Closed on
Nov 5, 2015
Sold by
Estrada Gerardo
Bought by
Hovsepyan Hagop and Yarmian Tamar
Seller's Agent
RAMON LOPEZ
REH REAL ESTATE
Buyer's Agent
Nuha Bunni
Re/Max Optima
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%
Current Estimated Value
$1,301,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,245
Avg. Annual Appreciation
6.24%
Original Mortgage
$417,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 1998
Sold by
Seny Albert Co Tr Seny Family Trust
Bought by
Estrada Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,972
Interest Rate
4.55%
Source: Public Records

Range of Values:

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Average Value
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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
Hovsepyan Hagop $715,000 Stewart Title
Estrada Gerardo $228,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hovsepyan Hagop $509,000
Closed Hovsepyan Hagop $500,000
Closed Hovsepyan Hagop $412,000
Previous Owner Hovsepyan Hagop $417,000
Previous Owner Estrada Gerardo $400,000
Previous Owner Estrada Gerardo $50,000
Previous Owner Estrada Gerardo $204,972
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2015 12/23/15 Sold $715,000 -1.4% $387 / Sq Ft
11/03/2015 11/03/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $725,000 -- $393 / 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 $9,321 $852,565 $509,031 $343,534
2024 $9,321 $835,849 $499,050 $336,799
2023 $9,110 $819,461 $489,265 $330,196
2022 $8,951 $803,394 $479,672 $323,722
2021 $8,796 $787,642 $470,267 $317,375
2020 $8,670 $779,566 $465,445 $314,121
2019 $8,459 $764,281 $456,319 $307,962
2018 $8,238 $749,296 $447,372 $301,924
2017 $8,052 $729,300 $438,600 $290,700
2016 $7,800 $715,000 $430,000 $285,000
2015 $3,340 $297,394 $207,397 $89,997
2014 $3,323 $291,570 $203,335 $88,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15184991

California Regional Multiple Listing Service (CRMLS)

APN: 5674-031-002