NOT LISTED FOR SALE

551 Palm Dr Unit B Glendale, CA 91202

Glenwood Neighborhood

Estimated Value: $1,345,000 - $1,750,671

1 Bed
1 Bath
540 Sq Ft
$2,841/Sq Ft Est. Value

Highlights

  • Updated Kitchen
  • No HOA
  • Crown Molding
  • Herbert Hoover High School Rated A-
  • Attached Garage
  • Recessed Lighting

About This Home

As of August 2020

Tucked away from the street in a highly desirable location above Glenoaks Blvd sits this newly remodeled 1 bedroom, 1 bath apartment. The entire unit has been fully remodeled with a new kitchen which includes granite-like kitchen countertops with tile backsplash. New AC, Windows, Doors, and Flooring. Laundry hookup available in-unit. Part of a 4-unit property within close proximity to shopping and easy freeway access. Available for immediate occupancy!

Last Agent to Rent the Property

Orbel Younanian

Excel Real Estate Services License #01957192 Listed on: 07/23/2020

Last Renter's Agent

Orbel Younanian

Excel Real Estate Services License #01957192 Listed on: 07/23/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,230 Sq Ft Lot
  • 1 Common Wall
  • Land Lease

Parking

  • Attached Garage

Home Design

  • Apartment

Interior Spaces

  • 540 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Range with Range Hood

Bedrooms and Bathrooms

  • 1 Bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Not Applicable 105 Subdivision

Listing and Financial Details

  • Security Deposit $2,000
  • Available 7/23/20
  • Assessor Parcel Number 5634028015

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Rental Info

  • Available Date: 2020-07-23
  • Deposit Security: 2000
  • Furnished: Unfurnished

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable-626
  • View: No
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 5634028015
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 540.00
  • Interior Amenities: Crown Molding, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Price Per Square Foot: 3.24
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range, Range Hood
  • Heating Type: Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: Yes
  • Land Lease Purchase: No
  • Lot Size Sq Ft: 6230.00
  • Lot Size Acres: 0.1430

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Negotiable
  • Lot Size Area: 6230.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2019
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Younanian Nick N and Younanian Anita G
Current Estimated Value
$1,534,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,000
Outstanding Balance
$815,384
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$718,784

Purchase Details

Closed on
Nov 28, 2017
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2014
Sold by
William Lyon Homes Inc
Bought by
Covey Jason and Covey Rhiannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2010
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2007
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,500
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 3, 2004
Sold by
Hasholian Minas and Hasholian Taline
Bought by
Hasholian Family 2004 Trust

Purchase Details

Closed on
Sep 20, 1999
Sold by
Grigorian Vahe and Grigorian Alice
Bought by
Hasholian Minas and Hasholian Taline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
8.09%

Purchase Details

Closed on
Dec 1, 1998
Sold by
Grigorian Vahe and Grigorian Alice
Bought by
Grigorian Vahe and Grigorian Alice

Purchase Details

Closed on
Oct 16, 1995
Sold by
California Federal Bank Fsb
Bought by
Grigorian Vahe and Grigorian Alice K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Interest Rate
7.58%

Purchase Details

Closed on
Aug 29, 1995
Sold by
Asatourian Rolin K and Savadian Genia M
Bought by
California Federal Bank Fsb and California Fsla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Interest Rate
7.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Younanian Nick N $1,175,000 North American Title Company
Hasholian Minas -- Ticor Title Company Of Ca
Covey Jason $991,500 Fidelity National Title Co
Hasholian Minas -- Mortgage Information Service
Hasholian Minas -- Lawyers Title
Hasholian Minas -- Fidelity National Title Comp
Hasholian Minas -- Fidelity National Title Comp
Hasholian Minas -- Fidelity National Title Comp
Hasholian Family 2004 Trust -- --
Hasholian Minas $330,000 First American Title Co
Grigorian Vahe -- --
Grigorian Vahe $253,000 Chicago Title Co
California Federal Bank Fsb $348,337 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younanian Nick N $931,000
Previous Owner Hasholian Minas $715,000
Previous Owner Covey Jason $792,000
Previous Owner Hasholian Minas $662,500
Previous Owner Hasholian Minas $668,500
Previous Owner Hasholian Minas $150,000
Previous Owner Hasholian Minas $264,000
Previous Owner Grigorian Vahe $202,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2020 08/13/20 Rented $1,750 0.0% --
07/23/2020 07/23/20 For Rent $1,750 -- --
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 $14,055 $1,285,031 $929,598 $355,433
2024 $14,055 $1,259,835 $911,371 $348,464
2023 $13,736 $1,235,133 $893,501 $341,632
2022 $13,499 $1,210,916 $875,982 $334,934
2021 $13,267 $1,187,173 $858,806 $328,367
2020 $13,077 $1,175,580 $850,000 $325,580
2019 $5,245 $455,247 $275,558 $179,689
2018 $5,091 $446,333 $270,155 $176,178
2017 $5,014 $437,013 $264,858 $172,155
2016 $4,840 $428,445 $259,665 $168,780
2015 $4,744 $422,010 $255,765 $166,245
2014 $4,727 $413,744 $250,755 $162,989
Source: Public Records

Agents Affiliated with this Home

  • Orbel Younanian

    Landlord's Agent in 2020

    Orbel Younanian

    Excel Real Estate Services

    (818) 421-0088

    1 in this area

    36 Total Sales

    Orbel Younanian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320002562

California Regional Multiple Listing Service (CRMLS)

APN: 5634-028-015

California Los Angeles County Glendale 91202 Glenwood

551 Palm Dr Unit B, Glendale, CA

Not Listed for Sale

MultiFamily

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