NOT LISTED FOR SALE

Estimated Value: $1,184,958

5 Beds
2 Baths
1,984 Sq Ft
$597/Sq Ft Est. Value

Last Sold March 10, 2020

Last sale price $875,000 $441 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,037/month

56 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 4-minute walk to Harvard Mini Park
  • Herbert Hoover High School Rated A-
  • Laundry Room

About This Home

As of March 2020

Back on the Market (BOM): Attention Investors, Developers and Builders! Ready for development or restoration!! Great investment opportunity on this charming Glendale two level Home/duplex built in 1910. Downstairs has 3 bedrooms and 1 bath; upstairs unit has 2 bedrooms and 1 bath; with a little work this property can be easily converted back to a single-family home. Large lot with room to build up to 4 Unit Townhouse Style Apartment in the heart of Glendale (check with city building codes). This prime location is walking distance to The Americana at Brand and Glendale Galleria. Shopping and restaurants are minutes away along with public transportation and all major freeway arteries. With new construction on every street in the surrounding neighborhood, it's the ideal project for builders and developers familiar with the Glendale area. Delivered 100% vacant. Opportunity is knocking… don’t miss out. Property is currently utilized as an Airbnb rental and generating approximately $86,000 per year. Please do not disturb guest. Drive by only. Write subject to interior inspection.

Last Agent to Sell the Property

Ed Koenig

Ed Koenig IRE License #00831815 Listed on: 12/20/2019

Last Buyer's Agent

Avi Ghazaryan

RLG State Realty License #01973769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,213 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Home Design

  • 1,984 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 7 / J
  • Tax Tract Number 4045
  • Assessor Parcel Number 5695007009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: GLR1250
  • Property Type: Residential Income
  • Parcel Number: 5695007009
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 441.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6213.00
  • Lot Size Acres: 0.1426

Multi Family

  • Lot Size Area: 6213.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: J
  • Tax Census Tract: 3023.01
  • Tax Lot: 7
  • Tax Tract Number: 4045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2019
Closed on
Mar 6, 2020
Sold by
Manon Aradi and Rodriguez Aradi
Bought by
Zakaryan Suren
Seller's Agent
Ed Koenig
Ed Koenig IRE
Buyer's Agent
Avi Ghazaryan
RLG State Realty
List Price
$895,000
Sold Price
$875,000
Premium/Discount to List
-$20,000
-2.23%
Current Estimated Value
$1,184,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,958
Avg. Annual Appreciation
5.27%
Original Mortgage
$200,000
Outstanding Balance
$177,463
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,007,495

Purchase Details

Listed on
Dec 20, 2019
Closed on
Mar 3, 2020
Sold by
Israyelyan Anna
Bought by
Zakaryan Suren
Seller's Agent
Ed Koenig
Ed Koenig IRE
Buyer's Agent
Avi Ghazaryan
RLG State Realty
List Price
$895,000
Sold Price
$875,000
Premium/Discount to List
-$20,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$177,463
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,007,495

Purchase Details

Closed on
Nov 8, 2017
Sold by
Rodriguez Aradi and Rodriguez Fernando
Bought by
Rodriguez Aradi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2016
Sold by
Rodriguez Arturo and Rincon Maria G
Bought by
Rodriguez Aradi and Rodriguez Fernando

Purchase Details

Closed on
Jul 27, 1998
Sold by
Rodriguez Arturo and Rodriguez Benjamin
Bought by
Rodriguez Arturo and Rodriguez Aradi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
10.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 1997
Sold by
Parker Gary and Goodman Lydia F
Bought by
Rodriguez Arturo and Rodriguez Benjamin

Purchase Details

Closed on
Nov 14, 1994
Sold by
Anshen Andrew A and Anshen Kendra L
Bought by
Parker Gary and Goodman Lydia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,300
Interest Rate
8.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 1994
Sold by
Consolidated Reconveyance Company
Bought by
Anshen Andrew A and Anshen Kendra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,250
Interest Rate
8.35%
Mortgage Type
Commercial
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
Zakaryan Suren $875,000 Lawyers Title
Manon Aradi -- Lawyers Title
Zakaryan Suren -- Lawyers Title
Rodriguez Aradi -- Orange Coast Title Co
Rodriguez Aradi -- None Available
Rodriguez Arturo -- Gateway Title Company
Rodriguez Arturo -- First Southwestern Title
Parker Gary -- Gateway Title
Anshen Andrew A $49,051 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zakaryan Suren $200,000
Previous Owner Rodriguez Aradi $248,800
Previous Owner Rodriguez Arturo $168,750
Previous Owner Parker Gary $60,300
Previous Owner Anshen Andrew A $129,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2020 03/10/20 Sold $875,000 -2.2% $441 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $895,000 0.0% $451 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/17/2020 01/17/20 Price Changed $895,000 -18.6% $451 / Sq Ft
12/20/2019 12/20/19 For Sale $1,099,999 -- $554 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,519 $956,936 $574,162 $382,774
2024 $10,519 $938,173 $562,904 $375,269
2023 $10,282 $919,778 $551,867 $367,911
2022 $10,104 $901,745 $541,047 $360,698
2021 $9,930 $884,065 $530,439 $353,626
2020 $6,967 $614,579 $389,679 $224,900
2019 $6,801 $602,530 $382,039 $220,491
2018 $6,608 $590,717 $374,549 $216,168
2017 $5,932 $526,549 $337,694 $188,855
2016 $2,625 $228,169 $182,380 $45,789
2015 $2,573 $224,743 $179,641 $45,102
2014 $2,560 $220,342 $176,123 $44,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19283236

California Regional Multiple Listing Service (CRMLS)

APN: 5695-007-009