NOT LISTED FOR SALE

Estimated Value: $1,791,000 - $2,421,000

8 Beds
4 Baths
3,989 Sq Ft
$515/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2018

Last sale price $1,485,000 $372 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,777 / mo

49 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Front Yard
  • Herbert Hoover High School Rated A-
  • Wall Furnace
  • 3-minute walk to Pacific Park & Community Center

About This Home

As of May 2018

We are pleased to present 517 Vine Street. A 4 unit investment opportunity located in the non-rent control City of Glendale, CA. The building was built in 1928 and consists of 3,989 square feet of living space. This property features 4 - 2BR+1BA units, which include large living areas, formal dining rooms and separate utility areas with washer/dryer hookups. All units have been tastefully updated and all are individually metered for both gas and electricity. All of the units are spacious and well maintained & include a single car garage, 4 in Total. Incoming rents are as follows: 517 - $1855, 517 ½ - $1795, 519 - VACANT, 519 ½ - $1795. This building is performing at an attractive cap rate and still has potential for improvement as the median rent in the area is $2200!

Last Agent to Sell the Property

Jason Lowery

Compass License #01817345 Listed on: 02/12/2018

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 6,264 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,989 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 47 / R
  • Assessor Parcel Number 5696007039

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,044
  • Maintenance Expense $600
  • Water Sewer Expense $2,500
  • New Taxes Expense $17,230
  • Operating Expense $22,374
  • Gross Income $88,410
  • Net Operating Income $72,177

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

6,264 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5696007039
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 372.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 6264.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 88410.00
  • Gross Scheduled Income: 88410.00
  • Insurance Expense: 2044.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 72177.00
  • 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: 16233.00
  • Rent Control: No
  • Total Expenses: 22374.00

Tax Info

  • New Taxes Expense: 17230.00
  • Tax Block: R
  • Tax Census Tract: 3023.02
  • Tax Lot: 47

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Dika Robert J and Dika Chong Mi
Bought by
Current Estimated Value
$2,030,400

Purchase Details

Listed on
Feb 12, 2018
Closed on
Apr 4, 2018
Sold by
Hall Meticia
Bought by
Dika Robert J and Dika Chong
Seller's Agent
Jason Lowery
Compass
List Price
$1,549,000
Sold Price
$1,485,000
Premium/Discount to List
-$64,000
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$1,113,750
Outstanding Balance
$935,885
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,117,414

Purchase Details

Closed on
Jul 14, 2015
Sold by
Muralles Miguel Angel
Bought by
Hall Meticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.86%
Mortgage Type
VA

Purchase Details

Closed on
May 9, 2006
Sold by
Muralles Miguel Angel and Muralles Miguel Angels
Bought by
Muralles Miguel Angel and Muralles Aura Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,500
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 28, 2004
Sold by
Amirian Albrik
Bought by
Muralles Miguel Angels and Muralles Aura Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
1.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2004
Sold by
Hales Stephen R and Barksdale Hales 1989 Trust
Bought by
Amirian Albrik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Pacific-Edison, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Dika Robert J $1,485,000 First American Title Company
Hall Meticia $1,000,000 Fidelity National Title
Muralles Miguel Angel -- None Available
Muralles Miguel Angels $820,000 Alliance Title
Amirian Albrik $680,000 Alliance Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,113,750
Previous Owner Hall Meticia $906,449
Previous Owner Hall Meticia $1,000,000
Previous Owner Muralles Miguel Angel $765,500
Previous Owner Muralles Miguel Angel $752,500
Previous Owner Muralles Miguel Angels $656,000
Previous Owner Amirian Albrik $544,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2018 05/17/18 Sold $1,485,000 -1.0% $372 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
03/22/2018 03/22/18 Price Changed $1,499,995 0.0% $376 / Sq Ft
03/09/2018 03/09/18 Price Changed $1,499,999 -3.2% $376 / Sq Ft
02/12/2018 02/12/18 For Sale $1,549,000 +54.9% $388 / Sq Ft
09/16/2015 09/16/15 Sold $1,000,000 0.0% $251 / Sq Ft View Prior Sale
07/08/2015 07/08/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $999,950 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,885 $1,723,463 $1,044,524 $678,939
2025 $18,885 $1,689,671 $1,024,044 $665,627
2024 $18,464 $1,656,541 $1,003,965 $652,576
2023 $18,045 $1,624,061 $984,280 $639,781
2022 $17,733 $1,592,218 $964,981 $627,237
2021 $17,424 $1,560,999 $946,060 $614,939
2019 $16,757 $1,061,767 $636,724 $425,043
2018 $11,633 $1,040,960 $624,240 $416,720
2016 $11,084 $1,000,000 $600,000 $400,000
2015 $10,160 $920,000 $830,200 $89,800
2014 $9,632 $860,000 $776,100 $83,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18033081

California Regional Multiple Listing Service (CRMLS)

APN: 5696-007-039

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