NOT LISTED FOR SALE

545 E Palmer Ave Glendale, CA 91205

Adams Hill Neighborhood

Estimated Value: $1,319,000 - $1,625,000

5 Beds
5 Baths
2,671 Sq Ft
$540/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $1,190,000 $446 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,752/month

93 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1-minute walk to Palmer Park
  • Horace Mann Elementary School Rated A-

About This Home

As of March 2021

A beautiful investment property in the heart of Glendale close to schools, shoppings and resturant. The front unit with 2 bedroom 2 baths completely remodeled recently. Newer bathroom/kitchen/flooring and painting. One of the unit one bedroom and one just like the front unit. All unit have newer windows, central a/c and exterior painting. Two of the units have a new roof. Two of the unit's rent is below market value.

Last Agent to Sell the Property

Vardkes Bazikian

Imperial Realty Co. License #01173623 Listed on: 07/28/2020

Co-Listed By

Yurik Shakmuradian

Imperial Realty Co. License #01886728

Last Buyer's Agent

Nima Tehrany

Compass License #01305628

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,062

Year Built

  • Built in 1953

Lot Details

  • 6,741 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,671 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5676012011

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,020
  • Fuel Expense $1,322
  • Gardener Expense $960
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,062

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 297500
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5676012011
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 445.53

Exterior Features

  • Pool Private: No
  • Spa: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6741.00
  • Lot Size Acres: 0.1548

Multi Family

  • Electric Expense: 1020.00
  • Fuel Expense: 1322.00
  • Lot Size Area: 6741.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2022
Sold by
Andrey Minosyan
Bought by
545 E Palmer Llc
Current Estimated Value
$1,391,228

Purchase Details

Listed on
Jul 28, 2020
Closed on
Mar 23, 2021
Sold by
Minosyan Elvira
Bought by
Minosyan Georgly A
Seller's Agent
Vardkes Bazikian
Imperial Realty Co.
Buyer's Agent
Nima Tehrany
Compass
List Price
$1,395,000
Sold Price
$1,190,000
Premium/Discount to List
-$205,000
-14.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$892,500
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2020
Closed on
Mar 2, 2021
Sold by
Shakhmuradian Yurik and Tsaturyan Alenush
Bought by
Minosyan Andrey and Minosyan Georgiy A
Seller's Agent
Vardkes Bazikian
Imperial Realty Co.
Buyer's Agent
Nima Tehrany
Compass
List Price
$1,395,000
Sold Price
$1,190,000
Premium/Discount to List
-$205,000
-14.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2020
Sold by
Bazikyan Raymond
Bought by
Shakhmuradian Yurik and Tsaturyan Alenush

Purchase Details

Closed on
Jul 22, 2020
Sold by
Tsaturyan Alenush
Bought by
Bazikyan Raymond and Shakhmuradian Yurik

Purchase Details

Closed on
Jul 21, 2020
Sold by
Grigorian Karmeri
Bought by
Shakhmuradian Vurik

Purchase Details

Closed on
Mar 5, 2019
Sold by
Astanyan Anait
Bought by
Bazikyan Raymond

Purchase Details

Closed on
Jan 16, 2019
Sold by
Bazikian Vardkes
Bought by
Tsaturyan Alenush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,038
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2018
Sold by
Portillo Ralph Edward and Juanita Zennaiter Portillo Tru
Bought by
Tsaturyan Alenush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,038
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 1999
Sold by
Portillo Juanita Z Tr
Bought by
Juanita Zennaiter Portillo Trust

Purchase Details

Closed on
Apr 11, 1995
Sold by
Foullon Josephine Zennaiter and Foullon Arthur V
Bought by
Portillo Juanita Zennaiter and Juanita Zennaiter Portillo Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 25, 1994
Sold by
Wainwright Bena and Bena Wainwright Trust
Bought by
Portillo Juanita Zennaiter and Juanita Zennaiter Portillo Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 20, 1994
Sold by
Angeles Fernandez Trust
Bought by
Juanita Zennaiter Portillo Trust and Bena Wainwright Trust
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
545 E Palmer Llc -- None Listed On Document
Minosyan Georgly A -- Lawyers Title Company
Minosyan Andrey $1,190,000 Lawyers Title Company
Shakhmuradian Yurik -- Accommodation
Bazikyan Raymond -- Accommodation
Shakhmuradian Vurik -- Accommodation
Bazikyan Raymond -- Accommodation
Tsaturyan Alenush -- First American Title Company
Tsaturyan Alenush $919,000 First American Title Company
Juanita Zennaiter Portillo Trust -- --
Portillo Juanita Zennaiter $80,000 --
Portillo Juanita Zennaiter $80,000 --
Juanita Zennaiter Portillo Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minosyan Andrey $892,500
Previous Owner Tsaturyan Alenush $689,038
Previous Owner Portillo Juanita Zennaiter $40,000
Previous Owner Portillo Juanita Zennaiter $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2021 03/29/21 Sold $1,190,000 -14.7% $446 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $1,395,000 -- $522 / 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 $14,062 $1,288,093 $703,580 $584,513
2024 $14,062 $1,262,837 $689,785 $573,052
2023 $13,743 $1,238,076 $676,260 $561,816
2022 $13,505 $1,213,800 $663,000 $550,800
2021 $12,248 $1,095,539 $676,051 $419,488
2020 $10,481 $937,380 $612,000 $325,380
2019 $7,106 $264,905 $181,851 $83,054
2018 $3,032 $259,712 $178,286 $81,426
2016 $2,875 $249,629 $171,364 $78,265
2015 $2,819 $245,880 $168,790 $77,090
2014 $2,815 $241,064 $165,484 $75,580
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Vardkes Bazikian

    Imperial Realty Co.

    (818) 956-3646

    1 in this area

    63 Total Sales

    Section Image

  • Y

    Seller Co-Listing Agent in 2021

    Yurik Shakmuradian

    Imperial Realty Co.

    (818) 956-3646

    1 in this area

    37 Total Sales

    Section Image
  • Nima Tehrany

    Buyer's Agent in 2021

    Nima Tehrany

    Compass

    (310) 617-6462

    1 in this area

    81 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320002108

California Regional Multiple Listing Service (CRMLS)

APN: 5676-012-011

California Los Angeles County Glendale 91205 Adams Hill

545 E Palmer Ave, Glendale, CA

This home is located at 545 E Palmer Ave, Glendale, CA 91205 since 28 July 2020 and is currently estimated at $1,442,147, approximately $539 per square foot. This property was built in 1953. 545 E Palmer Ave is a home located in Los Angeles County with nearby schools including Horace Mann Elementary School, Theodore Roosevelt Middle School, and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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