NOT LISTED FOR SALE

700 Salem St Glendale, CA 91203

Vineyard Neighborhood

Estimated Value: $1,479,000 - $1,841,915

5 Beds
5 Baths
2,622 Sq Ft
$610/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $895,000 $341 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,340/month

309 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • High Efficiency Air Conditioning
  • Herbert Hoover High School Rated A-
  • No HOA
  • Views

About This Home

As of September 2016

Extraordinary Investment opportunity. 2 houses on a lot in the city of Glendale. No-Rent Control!!! Front house is 2 bed/2 baths, family den, 1,081 square feet. Second home will be brand new, it is under construction 2 large bed/3 bath, 1,541 square feet, 2 car garage on a 8,624 square feet lot. Large driveway can be used for additional parking. This beautiful property is centrally located within minutes to Glendale Galleria and the Americana, Hollywood, Downtown LA, Pasadena and the trendy Atwater Village.

Last Agent to Sell the Property

Patty Rogel

Keller Williams Realty-Studio License #01746233 Listed on: 04/26/2016

Keller Williams Realty-Studio

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,624 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Fence is in good condition
  • Paved or Partially Paved Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2,622 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room
  • Property Views

Kitchen

  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • ENERGY STAR Qualified Equipment
  • Water-Smart Landscaping

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 4531
  • Assessor Parcel Number 5638006011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 5638006011
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 341.34

Exterior Features

  • Fencing: Block, Chain Link, Good Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains, Urban

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Appliances, Lighting, Insulation

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Paved
  • Lot Size Sq Ft: 8624.00
  • Price Per Lot Square Foot: 97.37
  • Lot Size Acres: 0.1980

Multi Family

  • Lot Size Area: 8624.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 48
  • Tax Tract Number: 4531

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2016
Closed on
Oct 6, 2016
Sold by
Petrosyan Arman
Bought by
Ene Property Ventures Llc
Seller's Agent
Patty Rogel
Keller Williams Realty-Studio
List Price
$799,700
Sold Price
$895,000
Premium/Discount to List
$95,300
11.92%
Current Estimated Value
$1,599,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$704,979
Avg. Annual Appreciation
6.45%

Purchase Details

Closed on
May 23, 2016
Sold by
Franco Celso
Bought by
Petrosyan Arman and Petrosyan Marianna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Franco Ivan
Bought by
The Franco Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2008
Sold by
Franco Celso
Bought by
Franco Celso and Franco Rosa Maria

Purchase Details

Closed on
Oct 28, 1998
Sold by
Alarcon Christian E
Bought by
Franco Celso and Franco Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.91%

Purchase Details

Closed on
Sep 30, 1993
Sold by
Guillen Joanne
Bought by
Alarcon Christian Enrique and Fernandez Corina C
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
Ene Property Ventures Llc -- None Available
Petrosyan Arman $895,000 North American Title Company
The Franco Family Trust -- Chicago Title Company
Franco Celso -- None Available
Franco Ivan -- None Available
Franco Celso -- None Available
Franco Celso $185,000 Investors Title Company
Alarcon Christian Enrique -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petrosyan Arman $626,500
Previous Owner The Franco Family Trust $165,500
Previous Owner Franco Celso $145,000
Closed Franco Celso $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2016 09/14/16 Sold $895,000 +11.9% $341 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
07/15/2015 07/15/15 For Sale $799,700 -- $305 / 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 $11,479 $1,038,720 $580,292 $458,428
2024 $11,479 $1,018,354 $568,914 $449,440
2023 $11,222 $998,387 $557,759 $440,628
2022 $11,028 $978,812 $546,823 $431,989
2021 $10,834 $959,620 $536,101 $423,519
2020 $10,680 $949,781 $530,604 $419,177
2019 $10,423 $931,158 $520,200 $410,958
2018 $10,050 $912,900 $510,000 $402,900
2016 $3,996 $359,023 $235,990 $123,033
2015 $3,446 $310,024 $193,047 $116,977
2014 $3,424 $303,952 $189,266 $114,686
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patty Rogel

    Keller Williams Realty-Studio

    (818) 424-6007

    21 Total Sales

    Patty Rogel
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB15156442

California Regional Multiple Listing Service (CRMLS)

APN: 5638-006-011

California Los Angeles County Glendale 91203 Vineyard

700 Salem St, Glendale, CA

Not Listed for Sale

MultiFamily

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