NOT LISTED FOR SALE

Estimated Value: $1,191,000 - $1,422,184

5 Beds
3 Baths
2,186 Sq Ft
$595/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $899,000 $411 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,692/month

32 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Lawn
  • Horace Mann Elementary School Rated A-
  • Corner Lot
  • 4-minute walk to Maple Park

About This Home

As of July 2017

Duplex income property in the heart of Glendale. Perfect for investors and/or owners who want to live in one unit and rent the other. Solid location! Less than a mile away from the best shopping, dining and entertainment centers of the Americana at Brand & Glendale Galleria. A short drive away from downtown LA, Hollywood, Silverlake, Burbank, Eagle Rock, Pasadena, etc. Actual gross income is $4400/month. No rent control. Unit mix is 4/2 and 1/1. Main house completely remodeled in 2016 with new kitchen w/ granite countertops, farmhouse sink, wood floors, newer roof, new electric panel, new central A/C, upgraded bathrooms and more. Rear house has its own address 713 Granada St. Zoning is R2250 to possibly add 3rd unit - buyer to verify with the City. Please DO NOT disturb tenants.

Last Agent to Sell the Property

Benjie DeVera

Realty Connection Group License #01951037 Listed on: 04/01/2017

Last Buyer's Agent

Avi Ghazaryan

RLG State Realty License #01973769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 7,585 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard Sprinklers
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Raised Foundation

Interior Spaces

  • 2,186 Sq Ft Home
  • Double Pane Windows
  • Living Room with Fireplace
  • Wood Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities, sewer
  • Tax Lot 33
  • Tax Tract Number 3025
  • Assessor Parcel Number 5675015001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $960
  • Insurance Expense $1,329
  • New Taxes Expense $11,238
  • Operating Expense $13,527
  • Gross Income $52,800
  • Net Operating Income $39,273

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5675015001
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Price Per Square Foot: 411.25
  • Room Type: Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lawn, Sprinklers In Front
  • Lot Size Sq Ft: 7585.00

Rental Info

  • Tenant Pays: All Utilities, Sewer

Multi Family

  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1329.00
  • Net Operating Income: 39273.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 13527.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 13527.00

Tax Info

  • New Taxes Expense: 11238.00
  • Tax Census Tract: 3025.03
  • Tax Lot: 33
  • Tax Tract Number: 3025.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2017
Closed on
Jun 30, 2017
Sold by
Sahakyan Manvel
Bought by
Mosoyan Sahakyan Manvel and Mosoyan Naira
Seller's Agent
Benjie DeVera
Realty Connection Group
Buyer's Agent
Avi Ghazaryan
RLG State Realty
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$1,299,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,796
Avg. Annual Appreciation
4.41%
Original Mortgage
$539,400
Outstanding Balance
$462,947
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$836,849

Purchase Details

Listed on
Apr 1, 2017
Closed on
Jun 20, 2017
Sold by
Devera Benigno B
Bought by
Sahakyan Manvel
Seller's Agent
Benjie DeVera
Realty Connection Group
Buyer's Agent
Avi Ghazaryan
RLG State Realty
List Price
$899,000
Sold Price
$899,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,400
Outstanding Balance
$462,947
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$836,849

Purchase Details

Listed on
Apr 1, 2017
Closed on
Jun 5, 2017
Sold by
Naira Mosoyan
Bought by
Sahakyan Manvel
Seller's Agent
Benjie DeVera
Realty Connection Group
Buyer's Agent
Avi Ghazaryan
RLG State Realty
List Price
$899,000
Sold Price
$899,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,400
Outstanding Balance
$462,947
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$836,849

Purchase Details

Closed on
Dec 16, 2015
Sold by
Chu Kim Sang Pae and Chu Kim Ok
Bought by
Devera Benigno B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,400
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2006
Sold by
Chu Kim Sang Pae and Chu Kim Ok
Bought by
Chu Kim Sang Pae and Chu Kim Ok
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mosoyan Sahakyan Manvel -- Provident Title Company
Sahakyan Manvel $899,000 Provident Title Company
Sahakyan Manvel -- Provident Title Company
Devera Benigno B $603,000 Provident Title Company
Chu Kim Sang Pae -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sahakyan Manvel $539,400
Previous Owner Devera Benigno B $482,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2017 07/11/17 Sold $899,000 0.0% $411 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $899,000 +49.1% $411 / Sq Ft
02/24/2016 02/24/16 Sold $603,000 -7.2% $276 / Sq Ft View Prior Sale
12/11/2015 12/11/15 Pending -- -- --
12/05/2015 12/05/15 For Sale $650,000 -- $297 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,233 $1,022,904 $568,913 $453,991
2024 $11,233 $1,002,848 $557,758 $445,090
2023 $10,979 $983,185 $546,822 $436,363
2022 $10,789 $963,907 $536,100 $427,807
2021 $10,604 $945,008 $525,589 $419,419
2020 $10,452 $935,319 $520,200 $415,119
2019 $10,200 $916,980 $510,000 $406,980
2018 $9,954 $899,000 $500,000 $399,000
2016 $1,065 $91,518 $64,274 $27,244
2015 $1,044 $90,144 $63,309 $26,835
2014 $1,050 $88,379 $62,069 $26,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17016735

California Regional Multiple Listing Service (CRMLS)

APN: 5675-015-001