Seller's Agent in 2020
Dan Lewin
Younglewin Advisors, Inc.
(310) 720-7939
22 Total Sales
609 Corwin Ave Glendale, CA 91206
Woodbury NeighborhoodEstimated Value: $1,004,000 - $1,486,000
2
Beds
2
Baths
1,498
Sq Ft
$787/Sq Ft
Est. Value
About This Home
As of September 2020Apollo Advisors is pleased to present 609 Corwin Avenue, a duplex investment property in Glendale, California. The property is located between Chevy Chase Drive and Glenmore Boulevard. The property’s convenient location is right by the 134 and 2 Freeways.
609 Corwin Avenue consists of a duplex containing 1 bedroom 1 bathroom units. In addition to the two units currently on the premises, there is ample space for two additional accessory dwelling units (ADUs) to be built on the lot. Each building is separately metered for gas and electricity. The property also features one two-car garage ready to be converted to an ADU.
This offering presents a great opportunity for an investor to acquire an asset in a strong rental market and capture upside in rents.
--Delivered 50% Vacant --Minutes from Downtown Glendale --Two 1 Bedroom / 1 Bathroom Units --Large Parcel --TWO ADU Opportunity --Quick Access to the 2 and 134 Freeways.
NOTE: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Call for Offers: Tuesday, August 11th @4 pm
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #01932742 Listed on: 07/24/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 6,246 Sq Ft Lot
- 1 Common Wall
- Level Lot
Parking
- 2 Car Garage
Home Design
- 1,498 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 13 / B
- Tax Tract Number 7600
- Assessor Parcel Number 5665018013
Community Details
Overview
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,000
- Fuel Expense $1,000
- Gardener Expense $1,800
- Insurance Expense $1,400
- Pest Control $500
- Trash Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $10,333
- Operating Expense $32,025
- Net Operating Income $101,175
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2020
Closed on
Aug 31, 2020
Sold by
Sargsyan Arsine
Bought by
Bayatyan Garnik
Seller's Agent
Dan Lewin
Younglewin Advisors, Inc.
Buyer's Agent
Levon Leo Dzhabrayan
Coldwell Banker Hallmark
List Price
$690,000
Sold Price
$725,000
Premium/Discount to List
$35,000
5.07%
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
$454,105
Avg. Annual Appreciation
9.59%
Original Mortgage
$645,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 24, 2020
Closed on
Aug 17, 2020
Sold by
Brander Shasta and James R Mcauley Trust
Bought by
Bayatyan Garnik
Seller's Agent
Dan Lewin
Younglewin Advisors, Inc.
Buyer's Agent
Levon Leo Dzhabrayan
Coldwell Banker Hallmark
List Price
$690,000
Sold Price
$725,000
Premium/Discount to List
$35,000
5.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2017
Sold by
Mcauley James R
Bought by
Mcauley James R and The James R Mcauley Trust
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 |
|---|---|---|---|
| Bayatyan Garnik | -- | Orange Coast Title Company | |
| Bayatyan Garnik | $725,000 | Ticor Title | |
| Mcauley James R | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Bayatyan Garnik | $645,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2020 09/02/20 | Sold | $725,000 | +5.1% | $484 / Sq Ft |
| 08/17/2020 08/17/20 | Pending | -- | -- | -- |
| 07/24/2020 07/24/20 | For Sale | $690,000 | -- | $461 / 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 | $8,522 | $784,761 | $432,972 | $351,789 |
| 2024 | $8,522 | $769,375 | $424,483 | $344,892 |
| 2023 | $8,327 | $754,290 | $416,160 | $338,130 |
| 2022 | $8,180 | $739,500 | $408,000 | $331,500 |
| 2021 | $8,039 | $725,000 | $400,000 | $325,000 |
| 2020 | $788 | $66,067 | $38,972 | $27,095 |
| 2019 | $770 | $64,772 | $38,208 | $26,564 |
| 2018 | $761 | $63,503 | $37,459 | $26,044 |
| 2016 | $706 | $61,039 | $36,005 | $25,034 |
| 2015 | $693 | $60,123 | $35,465 | $24,658 |
| 2014 | $701 | $58,946 | $34,771 | $24,175 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Lewin
-
Levon Leo Dzhabrayan
Buyer's Agent in 2020
Levon Leo Dzhabrayan
Coldwell Banker Hallmark
(323) 440-0002
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20144984
APN: 5665-018-013
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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