NOT LISTED FOR SALE

Estimated Value: $1,273,000 - $1,693,000

5 Beds
4 Baths
2,717 Sq Ft
$537/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $1,350,000 $497 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,924/month

18 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Bungalow
  • Herbert Hoover High School Rated A-
  • Laundry Room
  • Shed

About This Home

As of July 2022

Best if sold concurrently with neighboring property (mls#GD33107552), as the combined wide linear frontage is important as Glendale provide bonus density for lots which have more than ninety-foot frontage (buyer to verify). All tenants are month to month (no leases). Total of eight parking spaces. There is a coin-op laundry attached to 438C. Gardening storage is attached to 432. Supply storage attached to 438B. for gardening, etc. on each fourplex. Check with city re: rental restrictions. ***Please excuse the clutter in the photos these are tenant occupied****

432 Ivy – 2 bed 1 bath $1,300
432 A Ivy- 1 bed with additional area used as bedroom 1 bath $900
432 B Ivy – 1 bed ¾ bath hardwood throughout $885
434 Ivy – 1 bed 1 bath $1,000

438 Ivy – 1 bed 1 bath $900
438 A Ivy - 1 bed 1 bath $900 Tenant owns refrigerator and stove. Owner pays gas and water only
438 B Ivy- 1 bed 1 bath $900 Owner pays gas and water only
438 C Ivy – 1 bed 1 bath $875 owner pays all utilities as coin-op laundry attached to 438C
7 separate gas meters
7 out of 8 refrigerators are owners, 7 of the 8 stoves are owners

432 A & B share a meter therefore owner pays theirs Owner pays water and trash for each unit
While the city of Glendale does not have rent control there is rent stabilization. It caps rent increased by 5% + Cost of Living Index - BUYER TO VERIFY

Last Agent to Sell the Property

Phyllis Harb

Coldwell Banker Hallmark License #00848750 Listed on: 05/22/2022

Coldwell Banker Hallmark

Last Buyer's Agent

Arvin Nazari

California State Realty License #01711917

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,378 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Front Yard

Home Design

  • Bungalow
  • Quadruplex

Interior Spaces

  • 2,717 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • Shed
  • Suburban Location

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 9 / J
  • Tax Tract Number 432
  • Assessor Parcel Number 5695007011
  • $362 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: see estoppels
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Architectural Style: Bungalow
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5695007011
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 496.87

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6378.00
  • Lot Size Acres: 0.1464

Multi Family

  • Gross Scheduled Income: 49020.00
  • Lot Size Area: 6378.0000 Square Feet
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: J
  • Tax Census Tract: 3023.01
  • Tax Lot: 9
  • Tax Tract Number: 432
  • TaxOtherAnnualAssessmentAmount: 362.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2022
Closed on
Jul 6, 2022
Sold by
Rubino Asatryan
Bought by
Shamiryan Vruir
Seller's Agent
Phyllis Harb
Coldwell Banker Hallmark
Buyer's Agent
Arvin Nazari
California State Realty
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,459,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,069
Avg. Annual Appreciation
2.28%
Original Mortgage
$1,012,500
Outstanding Balance
$963,362
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$495,707

Purchase Details

Listed on
May 22, 2022
Closed on
Jun 30, 2022
Sold by
Trust Agreement Of Mario Monterrubio And
Bought by
Shamiryan Vruir
Seller's Agent
Phyllis Harb
Coldwell Banker Hallmark
Buyer's Agent
Arvin Nazari
California State Realty
List Price
$1,350,000
Sold Price
$1,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Outstanding Balance
$963,362
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$495,707
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
Shamiryan Vruir -- Orange Coast Title
Shamiryan Vruir $1,350,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamiryan Vruir $1,012,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2022 07/12/22 Sold $1,350,000 0.0% $497 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
06/04/2022 06/04/22 For Sale $1,350,000 0.0% $497 / Sq Ft
06/03/2022 06/03/22 Off Market $1,350,000 -- --
05/22/2022 05/22/22 For Sale $1,350,000 -- $497 / 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 $15,345 $1,404,540 $842,724 $561,816
2024 $15,345 $1,377,000 $826,200 $550,800
2023 $14,997 $1,350,000 $810,000 $540,000
2022 $2,973 $238,501 $117,158 $121,343
2021 $2,911 $233,825 $114,861 $118,964
2019 $2,807 $227,372 $111,455 $115,917
2018 $2,673 $222,924 $109,270 $113,654
2016 $2,525 $213,808 $105,028 $108,780
2015 $2,477 $210,598 $103,451 $107,147
2014 $2,483 $206,474 $101,425 $105,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22107684

California Regional Multiple Listing Service (CRMLS)

APN: 5695-007-011