NOT LISTED FOR SALE

542 W Glenoaks Blvd Glendale, CA 91202

Glenwood Neighborhood

Estimated Value: $1,479,000 - $1,828,000

8 Beds
4 Baths
2,940 Sq Ft
$564/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $1,560,000 $531 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,146/month

Highlights

  • Laundry Room
  • 4 Car Garage
  • Heating Available
  • Herbert Hoover High School Rated A-

About This Home

As of October 2022

A great opportunity to purchase 4 units multifamily investment property located in prime Glendale location. Built in 1953, the building has a super unit mix of (4) 2+1, situated on a 6,724 SF of land. The property features 4 car garages, a great curb appeal, separate gas and electric meters and a common laundry room owned by owner. It's located in a much desired prime rental location, very close to Downtown Glendale.

Last Agent to Sell the Property

Vince Kalachian

Keller Williams Realty License #01172350 Listed on: 06/14/2022

Keller Williams Realty

Last Buyer's Agent

Raffi Soualian

JohnHart Real Estate License #01887303

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,679

Year Built

  • Built in 1953

Lot Details

  • 6,724 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,940 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Heating Available

Listing and Financial Details

  • Tax Lot 020
  • Tax Tract Number 301
  • Assessor Parcel Number 5636006020

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $504
  • Fuel Expense $420
  • Gardener Expense $1,200
  • Insurance Expense $3,144
  • Trash Expense $852
  • Water Sewer Expense $3,120
  • New Taxes Expense $20,625
  • Operating Expense $29,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,679

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 3120.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5636006020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 561.22

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 852.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6724.00
  • Lot Size Acres: 0.1544

Multi Family

  • Electric Expense: 504.00
  • Fuel Expense: 420.00
  • Insurance Expense: 3144.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6724.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 29865.00
  • Rent Control: Yes
  • Total Expenses: 29865.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Lot: 020
  • Tax Tract: 4243
  • Tax Tract Number: 301...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Sep 14, 2022
Sold by
Fernandez Family Trust
Bought by
Arbi Ohanian And Lara Mirzaians-Ohanian Livin and Ohanian
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Raffi Soualian
JohnHart Real Estate
List Price
$1,650,000
Sold Price
$1,560,000
Premium/Discount to List
-$90,000
-5.45%
Views
1
Current Estimated Value
$1,657,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,000
Avg. Annual Appreciation
1.98%
Original Mortgage
$1,014,000
Outstanding Balance
$957,961
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$699,039

Purchase Details

Closed on
Dec 27, 2019
Sold by
Fernandez Phyllis J and Fernandez Family Trust
Bought by
Fernandez Phyllis J and Fernandez John D

Purchase Details

Closed on
Dec 13, 2016
Sold by
Fernandez Milton A
Bought by
Fernandez Milton A and Fernandez Phyllis J

Purchase Details

Closed on
Sep 10, 2015
Sold by
The City Of Glendale
Bought by
Fernandez Milton A and Fernandez Phyllis J

Purchase Details

Closed on
Dec 17, 1996
Sold by
Hudson Mailling R
Bought by
Fernandez Milton A and Fernandez Phyllis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.67%
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
Arbi Ohanian And Lara Mirzaians-Ohanian Livin $1,560,000 None Listed On Document
Fernandez Phyllis J -- None Available
Fernandez Milton A -- None Available
Fernandez Milton A -- None Available
Fernandez Milton A $240,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arbi Ohanian And Lara Mirzaians-Ohanian Livin $1,014,000
Previous Owner Fernandez Milton A $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $1,560,000 -5.5% $531 / Sq Ft
06/14/2022 06/14/22 For Sale $1,650,000 -- $561 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $17,679 $1,623,024 $1,248,480 $374,544
2024 $17,679 $1,591,200 $1,224,000 $367,200
2023 $17,277 $1,560,000 $1,200,000 $360,000
2022 $4,389 $368,316 $322,287 $46,029
2021 $4,302 $361,095 $315,968 $45,127
2019 $4,145 $350,388 $306,598 $43,790
2018 $4,001 $343,519 $300,587 $42,932
2016 $3,792 $330,182 $288,916 $41,266
2015 $3,718 $325,224 $284,577 $40,647
2014 $3,712 $318,854 $279,003 $39,851
Source: Public Records

Agents Affiliated with this Home

  • Vince Kalachian

    Seller's Agent in 2022

    Vince Kalachian

    Keller Williams Realty

    (818) 631-8855

    3 in this area

    14 Total Sales

    Vince Kalachian
    Section Image

  • R

    Buyer's Agent in 2022

    Raffi Soualian

    JohnHart Real Estate

    (818) 464-5819

    4 in this area

    113 Total Sales

    Raffi Soualian
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-9972

Pasadena-Foothills Association of REALTORS®

APN: 5636-006-020

California Los Angeles County Glendale 91202 Glenwood

542 W Glenoaks Blvd, Glendale, CA

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