NOT LISTED FOR SALE

Glendale, CA 91205

Somerset Neighborhood

Estimated Value: $1,431,000 - $2,317,000

8 Beds
8 Baths
4,432 Sq Ft
$452/Sq Ft Est. Value

Last Sold July 09, 2013

Last sale price $975,000 $220 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $12,317/month

42 Days on Market

Highlights

  • Traditional Architecture
  • 6 Detached Carport Spaces
  • 4-minute walk to Windsor Mini Park

About This Home

As of July 2013

Great investment opportunity! Well maintained, professionally managed four unit building in prime Glendale location near Glendale Galleria/Americana, transportation, and easy freeway access. Each spacious unit has two bedrooms, 1.75 baths with a large storage closet and a great layout. The units also have an outdoor storage closet. There are six carport parking spaces and storage room. This property has a strong rental history and upside potential. Glendale is NON RENT CONTROL. Long term tenants, termite completion, new common area carpet, beautiful landscaping, convenient location and curb appeal make this a great opportunity! Please do not disturb tenants. Drive by only... offers subject to inspection.

Last Agent to Sell the Property

Beatrice Harendza

COMPASS License #01063963 Listed on: 05/16/2013

COMPASS

Last Buyer's Agent

Sam S. Manoukian

DiversifiedPropertyInvestments License #00961674

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,287

Year Built

  • Built in 1927

Lot Details

  • 7,637 Sq Ft Lot

Home Design

  • Traditional Architecture

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5679026007

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,782
  • Fuel Expense $154
  • Gardener Expense $600
  • Insurance Expense $2,394
  • Other Expense $1,568
  • Pest Control $152
  • Professional Management Expense $3,500
  • Supplies Expense $157
  • Trash Expense $300
  • Operating Expense $10,607
  • Net Operating Income $46,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,287

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Professional Management Expense: 3500.00
  • Property Attached: No
  • Supplies Expense: 157.00
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5679026007
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: Two
  • Price Per Square Foot: 216.38

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Pest Control Expense: 152.00
  • Trash Expense: 300.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7637.00
  • Lot Size Acres: 0.1753

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1121 Square Feet
  • Electric Expense: 1782.00
  • Fuel Expense: 154.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 2394.00
  • Lot Size Area: 7637.0000 Square Feet
  • Net Operating Income: 46993.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Other Expense: 1568.00
  • Other Expense Description: YES
  • Total Expenses: 10607.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2021
Sold by
Aboolian Andre
Bought by
Hovanessian Lara
Total Days on Market
42
Current Estimated Value
$2,002,698

Purchase Details

Listed on
May 16, 2013
Closed on
Jul 8, 2013
Sold by
Mines Amand K
Bought by
Aboolian Andre
Seller's Agent
Beatrice Harendza
COMPASS
Buyer's Agent
Sam S. Manoukian
DiversifiedPropertyInvestments
List Price
$959,000
Sold Price
$975,000
Premium/Discount to List
$16,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$672,750
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2013
Closed on
Jun 27, 2013
Sold by
Hovanessian Lara
Bought by
Aboolian Andre
Seller's Agent
Beatrice Harendza
COMPASS
Buyer's Agent
Sam S. Manoukian
DiversifiedPropertyInvestments
List Price
$959,000
Sold Price
$975,000
Premium/Discount to List
$16,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,750
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2009
Sold by
Roberts John Clinton
Bought by
Mines Amand K and John C Roberts Trust
Source: Public Records

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Range of Values:

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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
Hovanessian Lara -- None Available
Aboolian Andre $975,000 Chicago Title Co
Aboolian Andre -- Chicago Title Co
Mines Amand K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aboolian Andre $660,000
Closed Aboolian Andre $672,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2013 07/09/13 Sold $975,000 +1.7% $220 / Sq Ft
06/27/2013 06/27/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $959,000 -- $216 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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
2024 $13,287 $1,171,773 $703,065 $468,708
2023 $12,990 $1,148,798 $689,280 $459,518
2022 $12,767 $1,126,273 $675,765 $450,508
2021 $12,536 $1,104,190 $662,515 $441,675
2019 $12,062 $1,071,441 $642,865 $428,576
2018 $11,773 $1,050,433 $630,260 $420,173
2016 $11,212 $1,009,645 $605,787 $403,858
2015 $10,985 $994,480 $596,688 $397,792
2014 $10,905 $975,000 $585,000 $390,000
Source: Public Records

Agents Affiliated with this Home

  • Beatrice Harendza

    Seller's Agent in 2013

    Beatrice Harendza

    COMPASS

    (818) 427-0308

    45 Total Sales

    Beatrice Harendza
    Section Image
  • Sam S. Manoukian

    Buyer's Agent in 2013

    Sam S. Manoukian

    DiversifiedPropertyInvestments

    (818) 334-3451

    5 Total Sales

    Sam S. Manoukian
    Section Image
See All Agents

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22175631

Pasadena-Foothills Association of REALTORS®

APN: 5679-026-007

California Los Angeles County Glendale 91205

Somerset

This home since 16 May 2013 and is currently estimated at $2,002,698, approximately $451 per square foot. This property was built in 1927. This home is a home located in Los Angeles County with nearby schools including John Muir Elementary School, Theodore Roosevelt Middle School, and Glendale High School.

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