NOT LISTED FOR SALE

Estimated Value: $1,427,000 - $1,771,000

4 Beds
4 Baths
1,770 Sq Ft
$891/Sq Ft Est. Value

Last Sold June 13, 2013

Last sale price $680,000 $384 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $9,031/month

14 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 2 Car Garage
  • Glenoaks Elementary School Rated A-

About This Home

As of June 2013

Fantastic investment opportunity located in the affluent Woodbury section of Glendale. Beautiful, charming and quiet neighborhood makes this a desirable place to live! Triplex: ***Unit One: 2 story, 2 bedroom, 2 bath, completely remodeled with new carpet, floors and appliances; ***Unit Two: 1 bedroom, 1 bath, remodeled kitchen and balcony with beautiful view; ***Unit Three: Detached Guest House with 1 bedroom/large studio with separate dining area, kitchen, outdoor patio and 1bath. All units offer something unique and thus, each unit rents quickly. Close to downtown Glendale shopping and business district & Glendale Adventist Hospital. 10 minutes from downtown LA. Hardwood floors, 2 car garage and storage area. The units are low maintenance as this building has been well maintained. First time on the market in 26 years. Perfect for owner/tenant. Rents are below market value. Drive by only, please DO NOT disturb tenants.

Last Agent to Sell the Property

Christy Holmes

Real Broker License #01427665 Listed on: 04/16/2013

Real Broker

Last Buyer's Agent

Andrea Wong

IRN REALTY License #01319390

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 10,264 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,770 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot B
  • Assessor Parcel Number 5661004031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $985
  • Maintenance Expense $800
  • Water Sewer Expense $702
  • Gross Income $3,185
  • Net Operating Income $32,414

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.80
  • Property Attached: Yes
  • Water Sewer Expenses: 702.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5661004031
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 384.18

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10264.00
  • Lot Size Acres: 0.2360

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3185.00
  • Gross Multiplier: 17.66
  • Gross Scheduled Income: 38220.00
  • Insurance Expense: 985.00
  • Lot Size Area: 10264.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 32414.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Refrigerator: 3
  • Operating Expense: 5806.00
  • Rent Control: No
  • Total Actual Rent: 3185.00

Tax Info

  • Tax Lot: B
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2017
Sold by
Lei Raphael and Suksnguan Misha Wiyada
Bought by
Raphael Lei and Raphael Misha Wiyada
Current Estimated Value
$1,577,422

Purchase Details

Listed on
Apr 16, 2013
Closed on
May 3, 2013
Sold by
Bannigan Family Revocable Living Trust
Bought by
Lei Raphael and Suksnguan Misha Wiyada
Seller's Agent
Christy Holmes
Real Broker
Buyer's Agent
Andrea Wong
IRN REALTY
List Price
$675,000
Sold Price
$680,000
Premium/Discount to List
$5,000
0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Sep 10, 2003
Sold by
Restori Marta
Bought by
Bannigan Edward Vincent and Bannigan Adela Marta Restori
Source: Public Records

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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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
Raphael Lei -- None Available
Lei Raphael $680,000 None Available
Bannigan Edward Vincent -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2013 06/13/13 Sold $680,000 +0.7% $384 / Sq Ft
04/30/2013 04/30/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $675,000 -- $381 / 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 $9,193 $837,360 $628,023 $209,337
2024 $9,193 $820,942 $615,709 $205,233
2023 $8,985 $804,846 $603,637 $201,209
2022 $8,829 $789,065 $591,801 $197,264
2021 $8,677 $773,595 $580,198 $193,397
2020 $8,553 $766,163 $574,249 $191,914
2019 $8,346 $751,151 $562,990 $188,161
2018 $8,215 $736,433 $551,951 $184,482
2016 $7,840 $707,358 $530,519 $176,839
2015 $7,681 $696,734 $522,551 $174,183
2014 $7,629 $683,086 $512,315 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13068058

California Regional Multiple Listing Service (CRMLS)

APN: 5661-004-031