NOT LISTED FOR SALE

507 E Cypress St Glendale, CA 91205

Adams Hill Neighborhood

Estimated Value: $1,540,000 - $1,906,000

6 Beds
5 Baths
3,303 Sq Ft
$512/Sq Ft Est. Value

Last Sold November 16, 2012

Last sale price $580,000 $176 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $9,506/month

40 Days on Market

About This Home

As of November 2012

FANTASTIC BUY ON THESE 3 UNITS LOCATED IN THE HEART OF SOUTH GLENDALE! PERFECT FOR OWNER USERS OR INVESTORS. SPACIOUS ROOMS, UPDATED KITCHEN IN THE FRONT MAIN UNIT, LAUNDRY HOOKUPS ON THE PROPERTY, EXTRA LONG DRIVEWAY, GARAGE, AND BACKYARD FOR ENTERTAINING. "UNIT A" IS TENANT OCCUPIED AND PROPERTY WILL BE DELIVERED TO BUYERS WITH TENANTS REMAINING. DO NOT DISTURB THESE TENANTS. ONLY THE ACCEPTED BUYERS WILL BE ABLE TO VIEW "UNIT A" DURING THEIR INSPECTION PERIOD. BUYERS TO DO THEIR OWN INVESTIGATIONS TO VERIFY/SATISFY THEMSELVES OF QUESTIONS/CONCERNS RE: THIS PROPERTY, INCLUDING W/CITY & COUNTY. BUYER RESPONSIBLE FOR VERIFYING ALL TAX RECORDS INFORMATION. CITY REPORTS/RETROFITS/FEES/PROCESSING, IF ANY, IS BUYERS RESPONSIBILITY. ANY INFO PROVIDED HEREIN IS NOT VERIFIED BY L/A. PROPERTY IS SOLD IN 'AS IS' CONDITION W/NO WARRANTIES EXPRESSED OR IMPLIED. SUPER MOTIVATED SELLER. SUBMIT!!!

***PLEASE SEE VERY IMPORTANT AGENTS REMARKS FOR DETAILS ON SHOWINGS AND SPECIAL INSTRUCTIONS ON SUBMITTING OFFERS AND PRE-APPROVAL REQUIREMENTS.***

Last Agent to Sell the Property

Susan Broussalian

No Firm Affiliation License #01017772 Listed on: 08/03/2012

Last Buyer's Agent

Michael Shaar

License #01126958

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,252

Year Built

  • Built in 1924

Lot Details

  • 8,051 Sq Ft Lot

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • 3,303 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3025
  • Assessor Parcel Number 5676027012

Community Details

Overview

  • 2 Buildings

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,252

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Type: Residential Income
  • Parcel Number: 5676027012
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Multi/Split
  • Price Per Square Foot: 175.60

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Total Parking Spaces: 1.00

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8051.00
  • Lot Size Acres: 0.1850

Multi Family

  • Lot Size Area: 8051.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Rent Control: Yes

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 3025
  • Tax Annual Amount: 4252.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2022
Sold by
Cherylee Shaar
Bought by
Cherylee R Shaar Revocable Living Trust
Current Estimated Value
$1,691,333

Purchase Details

Closed on
Nov 5, 2019
Sold by
Shaar Roger H
Bought by
Shaar Cherylee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2015
Sold by
Shaar Roger H and Shaar Cherylee R
Bought by
The Shaar Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 3, 2012
Closed on
Sep 28, 2012
Sold by
Us Bank National Association
Bought by
Shaar Roger H and Shaar Cherylee R
Seller's Agent
Susan Broussalian
No Firm Affiliation
Buyer's Agent
Michael Shaar
Sold Price
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$435,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2012
Sold by
Loretta Charles and Loretta Kharig
Bought by
U S Bank National Association

Purchase Details

Closed on
Dec 9, 2002
Sold by
Loretta Charles and Bazarjian Araxi A
Bought by
Loretta Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.06%

Purchase Details

Closed on
Mar 23, 1999
Sold by
Thongma Phaibool and Thongma Vanessa
Bought by
Loretta Charles and Bazarjian Araxi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,226
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 1999
Sold by
Loretta Kharig
Bought by
Loretta Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,226
Interest Rate
6.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Cherylee R Shaar Revocable Living Trust -- Morgan Law Group
Shaar Cherylee -- Fidelity National Title Co
Shaar Roger H -- Fidelity National Title Co
The Shaar Family Trust -- First American Title Company
Shaar Roger H $580,000 None Available
U S Bank National Association $997,294 Landsafe Title
Loretta Charles -- --
Loretta Charles $267,000 North American Title Co
Loretta Charles -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaar Cherylee $634,000
Previous Owner The Shaar Family Trust $630,000
Previous Owner Shaar Roger H $435,000
Previous Owner Loretta Charles $336,000
Previous Owner Loretta Charles $265,226
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2012 11/16/12 Sold $580,000 -- $176 / Sq Ft
09/12/2012 09/12/12 Pending -- -- --
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 $8,048 $714,217 $554,138 $160,079
2024 $8,048 $700,214 $543,273 $156,941
2023 $7,871 $686,485 $532,621 $153,864
2022 $7,735 $673,026 $522,178 $150,848
2021 $7,592 $659,831 $511,940 $147,891
2020 $7,484 $653,606 $506,691 $146,915
2019 $7,307 $640,801 $496,756 $144,045
2018 $7,110 $628,248 $487,016 $141,232
2016 $6,764 $603,335 $468,105 $135,230
2015 $6,628 $594,273 $461,074 $133,199
2014 $6,586 $582,633 $452,043 $130,590
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Susan Broussalian

    No Firm Affiliation

    Section Image

  • M

    Buyer's Agent in 2012

    Michael Shaar

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12097861

California Regional Multiple Listing Service (CRMLS)

APN: 5676-027-012

California Los Angeles County Glendale 91205 Adams Hill

507 E Cypress St, Glendale, CA

Not Listed for Sale

MultiFamily

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