Seller's Agent in 2024
Nicole Stinson
Estate Realty Group, Inc.
(661) 816-4234
1 in this area
107 Total Sales
608 E Elk Ave Glendale, CA 91205
Mariposa NeighborhoodEstimated Value: $1,471,000 - $1,671,000
10
Beds
4
Baths
4,456
Sq Ft
$348/Sq Ft
Est. Value
Highlights
- No Heating
- Horace Mann Elementary School Rated A-
- Back and Front Yard
About This Home
As of June 2024Welcome to 608 E Elk Avenue, a promising 4-unit income opportunity nestled in the heart of Glendale, California. Boasting a prime location near the bustling shopping center, this property offers convenience and potential for savvy investors looking to capitalize on the thriving local market.
Each of the four units presents a canvas for renovation and improvement, making this property an ideal prospect for those with a vision for transformation. Whether you're an experienced developer seeking a new project or an investor looking to enhance rental income, this property holds immense promise.
Situated in a desirable neighborhood, residents will appreciate the proximity to amenities such as shops, restaurants, entertainment venues, and public transportation. With its convenient location, tenants will enjoy easy access to all that Glendale has to offer, fostering strong rental demand.
While this property requires work and renovation to unlock its full potential, the investment opportunity it presents is undeniable. With the right upgrades and enhancements, these units have the potential to attract high-quality tenants and generate significant rental income.
Don't miss out on the chance to transform this property into a lucrative investment. Seize the opportunity to revitalize 608 E Elk Avenue and capitalize on its excellent location and income potential. Schedule a viewing today and envision the possibilities that await in this prime Glendale property.
Last Agent to Sell the Property
Estate Realty Group, Inc. Brokerage Phone: 661-816-4234 License #01854096 Listed on: 05/23/2024
Co-Listed By
Estate Realty Group, Inc. Brokerage Phone: 661-816-4234 License #02053107
Last Buyer's Agent
Estate Realty Group, Inc. Brokerage Phone: 661-816-4234 License #01854096 Listed on: 05/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 6,984 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,456 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- No Heating
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Tax Lot 60
- Tax Tract Number 1164
- Assessor Parcel Number 5674027010
- $488 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,067
- Gardener Expense $720
- Insurance Expense $14,000
- Maintenance Expense $1,093
- Trash Expense $700
- Water Sewer Expense $1,000
- Operating Expense $18,861
- Gross Income $194,739
- Net Operating Income $194,739
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Jun 20, 2024
Sold by
Lagpacan Living Trust and Rodnunsky Pierre J
Bought by
Azatyan Gevork and Adamyan Satenik
Seller's Agent
Nicole Stinson
Estate Realty Group, Inc.
Buyer's Agent
Nicole Stinson
Estate Realty Group, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,939
Avg. Annual Appreciation
2.21%
Original Mortgage
$1,050,000
Outstanding Balance
$1,036,601
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$513,338
Purchase Details
Listed on
May 23, 2024
Closed on
Jun 1, 2024
Sold by
Antonyan Vazgen
Bought by
Adamyan Satenik
Seller's Agent
Nicole Stinson
Estate Realty Group, Inc.
Buyer's Agent
Nicole Stinson
Estate Realty Group, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$1,036,601
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$513,338
Purchase Details
Closed on
Jun 7, 2017
Sold by
Lagpacan Betty B
Bought by
Lagpacan Betty Bucao and Lagpacan Jimmy
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Azatyan Gevork | $1,500,000 | Monarch Title | |
| Azatyan Gevork | -- | Monarch Title | |
| Adamyan Satenik | -- | Monarch Title | |
| Lagpacan Betty Bucao | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adamyan Satenik | $1,050,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2024 06/27/24 | Sold | $1,500,000 | 0.0% | $337 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 05/28/2024 05/28/24 | Off Market | $1,500,000 | -- | -- |
| 05/23/2024 05/23/24 | For Sale | $1,500,000 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,223 | $1,530,000 | $734,400 | $795,600 |
| 2024 | $4,223 | $350,996 | $164,829 | $186,167 |
| 2023 | $4,134 | $344,115 | $161,598 | $182,517 |
| 2022 | $4,061 | $337,369 | $158,430 | $178,939 |
| 2021 | $3,968 | $330,755 | $155,324 | $175,431 |
| 2019 | $3,822 | $320,947 | $150,718 | $170,229 |
| 2018 | $3,698 | $314,655 | $147,763 | $166,892 |
| 2016 | $3,481 | $302,438 | $142,026 | $160,412 |
| 2015 | $3,413 | $297,896 | $139,893 | $158,003 |
| 2014 | $3,409 | $292,061 | $137,153 | $154,908 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Stinson
-
Stephen Portaro
Seller Co-Listing Agent in 2024
Stephen Portaro
Estate Realty Group, Inc.
(661) 816-4234
1 in this area
89 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24091021
APN: 5674-027-010
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.
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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