NOT LISTED FOR SALE

Estimated Value: $1,703,000 - $1,872,000

8 Beds
4 Baths
4,740 Sq Ft
$379/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,550,000 $327 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $10,970/month

92 Days on Market

About This Home

As of March 2023

711 E Chevy Chase Dr is a charming 4-unit apartment buildings located in Glendale, CA. Built in 1928, the 4,740 square foot building sits on a 0.16-acre lot, the building consists of (4) two-bedroom, one-bathroom units. Building features garages behind the property for tenants to park in. One unit will be delivered remodeled and vacant. This will allow for an owner-user opportunity or a new owner to come in and pick their tenant. This property is located in the heart of Glendale, one of the most desirable rental markets in all of Los Angeles County. Located 1.3 Miles from the Americana Mall and 1.7 Miles from the Glendale Galleria the property is in a strong location. Glendale does not fall under L.A City rent control allowing a new owner to come in and raise rents up to 10% and boost their NOI. Units have washer dryer hookups.

Last Agent to Sell the Property

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 10/13/2022

Last Buyer's Agent

David Nalbandyan

LA Premier Realty License #01869296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,710

Year Built

  • Built in 1928

Lot Details

  • 6,788 Sq Ft Lot
  • Lot Dimensions are 111x55

Home Design

  • 4,740 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5676-005-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,710

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4740
  • Lot Acreage: 0.1558
  • Lot Dimensions: 111x55
  • Year Built: 1928
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 363.92

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 11.22
  • Assessed Improvement Value: 45012
  • Assessed Land Percent: 88.78
  • Assessed Land Value: 356192
  • Total Assessed Value: 401204
  • Assessor Parcel Number: 5676-005-014
  • Lot Size Area: 6788

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 17.21
  • Number Of Units: 4
  • Total Annual Expense: 33319
  • Type Of Units: Apartment
  • Vacancy Rate: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Mar 14, 2023
Sold by
Sherian David and Sherian Rojina
Bought by
711 Chevy Chase Llc
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
David Nalbandyan
LA Premier Realty
List Price
$1,725,000
Sold Price
$1,550,000
Premium/Discount to List
-$175,000
-10.14%
Views
43
Current Estimated Value
$1,797,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,856
Avg. Annual Appreciation
5.97%
Original Mortgage
$1,162,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 13, 2022
Closed on
Feb 13, 2023
Sold by
Lourdes G Dubria Living Trust
Bought by
Sherian David and Sherian Rojina
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
David Nalbandyan
LA Premier Realty
List Price
$1,725,000
Sold Price
$1,550,000
Premium/Discount to List
-$175,000
-10.14%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2007
Sold by
Dubria Paterno A and Dubria Lourdes G
Bought by
Dubria Paterno A

Purchase Details

Closed on
Aug 8, 2005
Sold by
Dubria Paterno A and Dubria Lourdes G
Bought by
Dubria Paterno A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2002
Sold by
Dubria Paterno A and Dubria Lourdes G
Bought by
Dubria Paterno A
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
711 Chevy Chase Llc -- Accommodation/Courtesy Recordi
Sherian David $1,550,000 Chicago Title Company
Dubria Paterno A -- None Available
Dubria Paterno A -- New Century Title Company
Dubria Paterno A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherian David $1,162,500
Previous Owner Dubria Paterno A $406,470
Previous Owner Dubria Paterno A $450,000
Previous Owner Dubria Paterno A $253,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $1,550,000 -10.1% $327 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/23/2022 11/23/22 For Sale $1,725,000 0.0% $364 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $1,725,000 +11.3% $364 / Sq Ft
11/13/2022 11/13/22 Off Market $1,550,000 -- --
10/13/2022 10/13/22 For Sale $1,725,000 -- $364 / Sq Ft
Source: The MLS

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 $17,710 $1,612,620 $988,380 $624,240
2024 $17,710 $1,581,000 $969,000 $612,000
2023 $4,971 $409,227 $363,315 $45,912
2022 $4,885 $401,204 $356,192 $45,012
2021 $4,779 $393,338 $349,208 $44,130
2019 $4,605 $381,673 $338,851 $42,822
2018 $4,438 $374,190 $332,207 $41,983
2016 $4,188 $359,661 $319,308 $40,353
2015 $4,107 $354,259 $314,512 $39,747
2014 $4,098 $347,321 $308,352 $38,969
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-208637

The MLS

APN: 5676-005-014