NOT LISTED FOR SALE

Estimated Value: $1,216,000 - $1,431,329

2 Beds
2 Baths
1,392 Sq Ft
$935/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $1,150,000 $826 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,149/month

285 Days on Market

Highlights

  • Peek-A-Boo Views
  • No HOA
  • Forced Air Heating and Cooling System
  • Herbert Hoover High School Rated A-
  • Laundry Room

About This Home

As of January 2024

Opportunity to acquire a “value added” multi-family property in Glendale.This multifamily property is a family-held, well -maintained asset,ready to be handed to a new owner or investor. This Vine property offers an excellent value add investment opportunity strategically located in the desirable suburbs of Glendale. The property has two units each consisting of 1 Bd/1Ba with a full kitchen, small living room with fireplace,dining area and its own little porch. There are so many amazing details with Central HVAC ,tank less water heaters, and shared laundry room, ample parking. Each unit is 700 sq ft. Rear property offers a grass area for BBQ’s or entertainment.

Last Agent to Sell the Property

Dan Rabadi

BRIDGE REALTY License #01836800 Listed on: 12/07/2022

Co-Listed By

MARLENE RABADI

BRIDGE REALTY License #02025839

Last Buyer's Agent

Noubar Abrahamian

Equity Union License #01752107

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,707

Year Built

  • Built in 1922

Lot Details

  • 6,262 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,392 Sq Ft Home
  • Family Room with Fireplace
  • Peek-A-Boo Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 17 / P
  • Tax Tract Number 17
  • Assessor Parcel Number 5696009018
  • $205 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $225
  • Operating Expense $225
  • Gross Income $3,950
  • Net Operating Income $3,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,707

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 572500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5696009018
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 826.15

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6262.00
  • Lot Size Acres: 0.1438

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 750
  • Gross Income: 3950.00
  • Gross Scheduled Income: 3950.00
  • Insurance Expense: 225.00
  • Lot Size Area: 6262.0000 Square Feet
  • Net Operating Income: 3950.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Actual Rent: 3950.00
  • Total Expenses: 225.00

Tax Info

  • Tax Block: P
  • Tax Census Tract: 3023.02
  • Tax Lot: 17
  • Tax Tract Number: 17
  • TaxOtherAnnualAssessmentAmount: 205.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2023
Sold by
Amal T Shelby Living Trust
Bought by
Dikijian Kevork and Ohan Meghry
Current Estimated Value
$1,301,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,129,170
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 14, 2017
Closed on
Jul 20, 2017
Sold by
Vafina Rezeda
Bought by
Shelby Amal T and The Amal T Shelby Trust Living
Seller's Agent
Steven Walker
Coldwell Banker Realty
Buyer's Agent
Greg Astorian
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$100,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2012
Sold by
Atabekyan Vahan
Bought by
Vafina Rezeda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,513
Interest Rate
3.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 5, 2012
Sold by
Leonard Earl Ray and The Estate Of Winston L Leonar
Bought by
Vafina Rezeda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,513
Interest Rate
3.52%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Dikijian Kevork $1,150,000 First American Title
Shelby Amal T $780,000 Equity Title Los Angeles
Vafina Rezeda -- Chicago Title Company
Vafina Rezeda $100,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dikijian Kevork $1,136,678
Previous Owner Dikijian Kevork $1,129,170
Previous Owner Shelby Amal T $100,000
Previous Owner Vafina Rezeda $82,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $1,150,000 +0.4% $826 / Sq Ft
11/13/2023 11/13/23 Price Changed $1,145,000 0.0% $823 / Sq Ft
11/13/2023 11/13/23 For Sale $1,145,000 0.0% $823 / Sq Ft
08/07/2023 08/07/23 Price Changed $1,145,000 -0.4% $823 / Sq Ft
05/28/2023 05/28/23 Price Changed $1,150,000 +0.1% $826 / Sq Ft
12/07/2022 12/07/22 For Sale $1,149,000 +47.3% $825 / Sq Ft
08/10/2017 08/10/17 Sold $780,000 +0.6% $560 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $775,000 -- $557 / 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 $12,707 $1,173,000 $867,000 $306,000
2024 $12,707 $1,150,000 $850,000 $300,000
2023 $9,560 $863,442 $546,822 $316,620
2022 $9,393 $846,512 $536,100 $310,412
2021 $9,234 $829,915 $525,589 $304,326
2019 $8,880 $795,600 $510,000 $285,600
2018 $8,616 $780,000 $500,000 $280,000
2016 $4,078 $366,160 $239,253 $126,907
2015 $3,995 $360,661 $235,660 $125,001
2014 $3,971 $353,597 $231,044 $122,553
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22249754

California Regional Multiple Listing Service (CRMLS)

APN: 5696-009-018