NOT LISTED FOR SALE

714 E Lexington Dr Glendale, CA 91206

City Center Neighborhood

Estimated Value: $2,027,312 - $2,393,000

8 Beds
5 Baths
4,702 Sq Ft
$470/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $1,645,000 $350 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $13,236/month

91 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Laundry Room
  • Front Porch
  • Living Room
  • Bungalow

About This Home

As of April 2021

PRIME LOCATION!! Fabulous 5-units in the heart of Glendale. Property consists of 2 separate buildings. First building has three 2 bedrooms and 1 bath with laundry hookups. Second building on the upper floor has two 1bedroom with 1 bath. There is a separate laundry room on the premises and 1-car garage/storage space for each unit. Great curb appeal and minutes to shops, malls, restaurants and entertainment. Tenants pay electric and trash. Landlord pays for water, gas for the laundry room and electric for common areas. There are 2 units currently vacant (1-2br & 1-1br). Huge upside.

Last Agent to Sell the Property

Charles Picker

I.X.A. License #00414181 Listed on: 12/09/2020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,579 Sq Ft Lot
  • Sprinklers on Timer

Parking

  • 5 Car Garage

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,702 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 5643-014-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 4702
  • Lot Acreage: 0.1740
  • Year Built: 1946
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood, Carpet, Linoleum
  • Appliances: Free Standing Gas
  • Bedrooms: 8
  • Bathroom Features: Shower Over Tub
  • Laundry: Room, Laundry Area, Inside
  • Total Bathrooms: 5.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 349.85

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Porch - Front
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Garage - 1 Car
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Number Water Meters: 1
  • Sewer: In Street Paid
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler Timer, Sprinkler System
  • Assessed Improvement Percent: 57.86
  • Assessed Improvement Value: 78559
  • Assessed Land Percent: 42.14
  • Assessed Land Value: 57225
  • Total Assessed Value: 135784
  • Assessor Parcel Number: 5643-014-001
  • Lot Size Area: 7579

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 33.48
  • Number Of Units: 5
  • Type Of Units: Multi-family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2022
Sold by
Margaryan Sarkissian and Margaryan Mariam
Bought by
Vartan And Mariam Sarkissian Living Trust and Sarkissian
Current Estimated Value
$2,210,156

Purchase Details

Closed on
May 1, 2000
Sold by
Vanda Richard L and Vanda Esther D
Bought by
E V Investments Lp

Purchase Details

Closed on
Jan 19, 2000
Sold by
Vanda Esther D Co Tr Pavone Trust B
Bought by
Vanda Richard L and Vanda Esther D

Purchase Details

Closed on
Jan 25, 1995
Sold by
Pavone Carmela Frances and Pavone Living Trust
Bought by
Palmer Elizabeth and Vanda Esther D

Purchase Details

Closed on
Oct 19, 1993
Sold by
Vanda Esther Dawn Pavone
Bought by
Pavone Carmela Frances and Pavone Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Vartan And Mariam Sarkissian Living Trust -- None Listed On Document
E V Investments Lp -- --
Vanda Richard L -- --
Palmer Elizabeth -- --
Pavone Carmela Frances -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2021 04/13/21 Sold $1,645,000 0.0% $350 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
02/19/2021 02/19/21 Price Changed $1,645,000 0.0% $350 / Sq Ft
02/19/2021 02/19/21 For Sale $1,645,000 -7.0% $350 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,768,000 0.0% $376 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
12/09/2020 12/09/20 For Sale $1,768,000 -- $376 / 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 $19,869 $1,780,600 $1,239,384 $541,216
2024 $19,869 $1,745,687 $1,215,083 $530,604
2023 $19,427 $1,711,458 $1,191,258 $520,200
2022 $19,099 $1,677,900 $1,167,900 $510,000
2021 $2,454 $145,584 $61,355 $84,229
2020 $2,425 $144,092 $60,726 $83,366
2019 $2,386 $141,268 $59,536 $81,732
2018 $2,243 $138,499 $58,369 $80,130
2016 $2,058 $133,122 $56,103 $77,019
2015 $2,028 $131,124 $55,261 $75,863
2014 $2,051 $128,556 $54,179 $74,377
Source: Public Records

Agents Affiliated with this Home

  • Charles Picker

    Seller's Agent in 2021

    Charles Picker

    I.X.A.

    (626) 893-0277

    1 in this area

    140 Total Sales

    Charles Picker
    Section Image

  • S

    Buyer's Agent in 2021

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 20-668682

The MLS

APN: 5643-014-001

California Los Angeles County Glendale 91206 City Center

714 E Lexington Dr, Glendale, CA

Not Listed for Sale

MultiFamily

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