NOT LISTED FOR SALE

Estimated Value: $1,408,143 - $2,703,000

8 Beds
4 Baths
5,152 Sq Ft
$388/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2016

Last sale price $1,000,000 $194 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $11,792 / mo

3 Days on Market

Highlights

  • Laundry Room
  • Franklin Avenue Elementary Rated A-
  • Heating Available

About This Home

As of August 2016

A classic 4-unit property with a good potential. Each unit has 2 bedrooms and 1 bath with large living room and dining area. Ample amount of closets, original hardwood flooring. Building needs some updates. You will appreciate the vintage character and beauty of this building.

Last Agent to Sell the Property

Nick Ananyan

Titus Realty, Inc. License #01320968 Listed on: 06/26/2016

Last Buyer's Agent

Albert Mouradian

Titus Realty, Inc. License #01852776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 4 Car Garage

Home Design

  • 5,152 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Urban Location
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 5378
  • Assessor Parcel Number 5591002017

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,200
  • Maintenance Expense $1,500
  • Trash Expense $500
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,500
  • Gross Income $7,155
  • Net Operating Income $67,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

7,000 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5591002017
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 194.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Dryer Included, Washer Included
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 6500-9999, Sprinklers In Front
  • Lot Size Sq Ft: 7000.00
  • Price Per Lot Square Foot: 157.14

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 7155.00
  • Gross Scheduled Income: 85860.00
  • Insurance Expense: 2200.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 67060.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18800.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Lot: 19
  • Tax Tract Number: 5378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2023
Sold by
Hakobyan Revocable Family Trust and Hakobyan Fbo Armen
Bought by
Hakobyan Armen
Current Estimated Value
$1,999,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,500
Outstanding Balance
$764,649
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$1,234,887

Purchase Details

Closed on
Dec 30, 2019
Sold by
Hakob
Bought by
Hakob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.74%

Purchase Details

Listed on
Jun 26, 2016
Closed on
Jul 12, 2016
Sold by
Setikian Heratch
Bought by
Hakobyan Armen
Seller's Agent
Nick Ananyan
Titus Realty, Inc.
Buyer's Agent
Albert Mouradian
Titus Realty, Inc.
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$700,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2014
Sold by
Setikian Heratch
Bought by
Setikian Heratch and Bosnoyan Gayane

Purchase Details

Closed on
Nov 3, 2006
Sold by
Bosnoyan Gayane
Bought by
Setikian Heratch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 2, 2006
Sold by
Setikian Heratch
Bought by
Setikian Heratch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 20, 2001
Sold by
Bosnoyan Gayane
Bought by
Setikian Heratch

Purchase Details

Closed on
Apr 29, 1994
Sold by
Setikian Setrak
Bought by
Setikian Aram and Setikian Heratch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.87%
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
Hakobyan Armen -- Stewart Title Of California In
Hakob -- --
Hakobyan Armen $1,000,000 Lawyers Title
Setikian Heratch -- None Available
Setikian Heratch -- First American Title Co
Setikian Heratch -- First American Title Co
Setikian Heratch -- Landsafe Title
Setikian Heratch -- Landsafe Title
Setikian Aram -- Stewart Title
Setikian Heratch -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hakobyan Armen $785,500
Previous Owner Hakob --
Previous Owner Hakobyan Armen $700,000
Previous Owner Setikian Heratch $150,000
Previous Owner Setikian Aram $299,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2016 08/31/16 Sold $1,000,000 -9.1% $194 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $1,100,000 -- $214 / 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 $14,288 $1,160,580 $812,407 $348,173
2024 $14,288 $1,137,825 $796,478 $341,347
2023 $14,017 $1,115,515 $780,861 $334,654
2022 $13,375 $1,093,643 $765,550 $328,093
2021 $13,189 $1,072,200 $750,540 $321,660
2019 $12,800 $1,040,400 $728,280 $312,120
2018 $12,677 $1,020,000 $714,000 $306,000
2016 $6,821 $546,020 $225,024 $320,996
2015 $6,724 $537,819 $221,644 $316,175
2014 $6,768 $527,285 $217,303 $309,982
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16141049

California Regional Multiple Listing Service (CRMLS)

APN: 5591-002-017

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