NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,321,647

3 Beds
2 Baths
1,708 Sq Ft
$712/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $725,000 $424 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,343/month

About This Home

As of February 2017

Incredible rare opportunity in a booming Glendale market to own your house and get high income. Two properties on the lot! Live in a very clean move-in ready front house 2+1 and rent the back house 1+1. Property was remodeled approximately eight years ago with new copper plumbing. Houses were freshly painted a year ago. Clean, quiet, and friendly neighborhood, close to shopping and transportation.

Last Agent to Sell the Property

Albert Mouradian

Titus Realty, Inc. License #01852776 Listed on: 08/14/2016

Last Buyer's Agent

Albert Mouradian

Titus Realty, Inc. License #01852776 Listed on: 08/14/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,175

Year Built

  • Built in 1924

Lot Details

  • 7,107 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,708 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 3399
  • Assessor Parcel Number 5638005029

Community Details

Overview

  • 2 Buildings

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $35
  • Water Sewer Expense $200
  • New Taxes Expense $780
  • Operating Expense $1,015
  • Gross Income $2,100
  • Net Operating Income $13,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,175

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Albert
  • Other Phone Number: 323-244-6011
  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5638005029
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 424.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7107.00
  • Price Per Lot Square Foot: 105.53

Multi Family

  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Insurance Expense: 35.00
  • Net Operating Income: 13020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 12180.00
  • Rent Control: No
  • Total Expenses: 1015.00

Tax Info

  • New Taxes Expense: 780.00
  • Tax Lot: 27
  • Tax Tract Number: 3399

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2016
Sold by
Dietsch Duane and Dietsch Duane
Bought by
Ayvazian Alexander M
Current Estimated Value
$1,216,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 1997
Sold by
Dietsch Duane D
Bought by
Dietsch Duane and Dietsch Frances L
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
Ayvazian Alexander M $725,000 Lawyers Title
Dietsch Duane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayvazian Alexander Mher $350,000
Closed Ayvazian Alexander M $523,000
Closed Ayvazian Alexander M $527,000
Previous Owner Ayvazian Alexander M $543,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2017 02/10/17 Sold $725,000 -3.3% $424 / Sq Ft
08/14/2016 08/14/16 Pending -- -- --
08/14/2016 08/14/16 For Sale $750,000 -- $439 / 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 $9,175 $841,419 $504,852 $336,567
2024 $9,175 $824,921 $494,953 $329,968
2023 $8,966 $808,748 $485,249 $323,499
2022 $8,809 $792,891 $475,735 $317,156
2021 $8,657 $777,345 $466,407 $310,938
2020 $8,533 $769,375 $461,625 $307,750
2019 $8,325 $754,290 $452,574 $301,716
2018 $8,121 $739,500 $443,700 $295,800
2016 $662 $48,828 $34,767 $14,061
2015 $651 $48,095 $34,245 $13,850
2014 $662 $47,154 $33,575 $13,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16181250

California Regional Multiple Listing Service (CRMLS)

APN: 5638-005-029