M
Seller's Agent in 2022
Michael Pappace
Real Broker
(559) 470-4088
1 in this area
7 Total Sales
440 W Elk Ave Glendale, CA 91204
Pacific-Edison NeighborhoodEstimated Value: $1,254,000 - $1,445,000
4
Beds
3
Baths
1,627
Sq Ft
$825/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Property is near public transit
- Granite Countertops
- Herbert Hoover High School Rated A-
- High Ceiling
- Lawn
About This Home
As of June 2022Traditional Sale! This is one of those properties that if you don’t buy it today, you may be angry at yourself for not doing so in the not-to-distant future. Come see for yourself this unique triplex in a highly desirable neighborhood in Glendale. All units are 1 story, all detached from one another (to offer a fair level of privacy to all occupants) & are all currently rented. Tax record shows year built was 1921. However, the prior owner replaced the interior flooring & walls down to the studs & rebuilt all 3 units. All upgraded in 2003. The upgraded work was completed with permits. Buyer to verify. You will feel like this is an oasis in the middle of Glendale! A signature garden in-between the 2 rear units w/fruit trees in all back yards. Very nice profile from the front. Each unit has its own washer & dryer. 4 parking spots on side (2 for the front unit, 1 per rear unit). Front unit has a large enough extra room to be utilized as a 3rd bedroom. It is NOT on the tax record as a bedroom but it could be utilized as a bedroom as it does have a closet. Close to I-5, Glendale Mall, LA Zoo, many other amenities this area has to offer. See the attached photos for additional insight into this excellent investment property. FYI: Unit 440B: just installed a new washer & dryer. Please note: Has a nice rental income per square foot of living area in Glendale! LA County general tax levy is 1%. Additional variable taxes are 0.88%. The fixed assessments are $225. Total property taxes per year: $11,117.83 = $926.49 per month. Buyer(s) to verify all information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,900
Year Built
- Built in 1921 | Remodeled
Lot Details
- 6,164 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Fence is in excellent condition
- Landscaped
- Rectangular Lot
- Level Lot
- Sprinkler System
- Lawn
- Back and Front Yard
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Cottage
- Bungalow
- Turnkey
- Wood Siding
- Pre-Cast Concrete Construction
Interior Spaces
- 1,627 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wired For Sound
- High Ceiling
- Skylights
- Double Pane Windows
- Family Room
- Neighborhood Views
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Electric Vehicle Home Charger
- Parking Available
- Shared Driveway
- Driveway Level
Accessible Home Design
- No Interior Steps
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Shed
- Outdoor Grill
Location
- Property is near public transit
- Urban Location
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Underground Utilities
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block O/11 / O/11
- Tax Tract Number 302
- Assessor Parcel Number 5696006011
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,065
- Trash Expense $900
- Operating Expense $41,400
- Gross Income $70,431
- Net Operating Income $29,031
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2021
Closed on
May 20, 2022
Sold by
Phillip Dicker Trust
Bought by
Hajatian Michael and Hajatian Ani Zoe
Seller's Agent
Michael Pappace
Real Broker
Buyer's Agent
Michael Pappace
Real Broker
List Price
$1,699,999
Sold Price
$1,250,000
Premium/Discount to List
-$449,999
-26.47%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,839
Avg. Annual Appreciation
2.25%
Purchase Details
Closed on
Oct 23, 2020
Sold by
Phillip Dicker Revocable Living Trust
Bought by
Dicker Martin Par
Purchase Details
Closed on
Jun 9, 2000
Sold by
Family Trust Valent Roland J And Grace Trs Va
Bought by
Dicker Philip
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,750
Interest Rate
7.87%
Purchase Details
Closed on
Nov 30, 1995
Sold by
Valent Roland J and Valent Grace
Bought by
Valent Roland J and Valent Grace
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hajatian Michael | $1,250,000 | Lawyers Title | |
| Dicker Martin Par | -- | None Available | |
| Dicker Philip | $215,000 | First American Title Co | |
| Valent Roland J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dicker Philip | $644,000 | |
| Previous Owner | Dicker Philip | $612,000 | |
| Previous Owner | Dicker Philip | $130,900 | |
| Previous Owner | Dicker Philip | $281,250 | |
| Previous Owner | Dicker Philip | $255,500 | |
| Previous Owner | Dicker Philip | $182,750 | |
| Closed | Hajatian Michael | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2022 06/23/22 | Sold | $1,250,000 | -7.4% | $768 / Sq Ft |
| 03/06/2022 03/06/22 | Pending | -- | -- | -- |
| 02/18/2022 02/18/22 | Price Changed | $1,349,999 | -3.6% | $830 / Sq Ft |
| 01/13/2022 01/13/22 | Price Changed | $1,399,999 | -6.7% | $860 / Sq Ft |
| 10/02/2021 10/02/21 | Price Changed | $1,499,999 | -11.8% | $922 / Sq Ft |
| 09/08/2021 09/08/21 | For Sale | $1,699,999 | -- | $1,045 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,373 | $1,326,509 | $1,008,147 | $318,362 |
| 2024 | $14,373 | $1,300,500 | $988,380 | $312,120 |
| 2023 | $14,044 | $1,275,000 | $969,000 | $306,000 |
| 2022 | $11,309 | $1,020,260 | $608,034 | $412,226 |
| 2021 | $11,118 | $1,000,256 | $596,112 | $404,144 |
| 2020 | $3,365 | $296,212 | $199,775 | $96,437 |
| 2019 | $3,285 | $290,405 | $195,858 | $94,547 |
| 2018 | $3,193 | $284,712 | $192,018 | $92,694 |
| 2016 | $3,032 | $273,658 | $184,562 | $89,096 |
| 2015 | $2,971 | $269,548 | $181,790 | $87,758 |
| 2014 | $2,963 | $264,268 | $178,229 | $86,039 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Pappace
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: FR21176207
APN: 5696-006-011
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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