NOT LISTED FOR SALE

Glendale, CA 91205

Somerset Neighborhood

Estimated Value: $1,501,000 - $2,346,000

8 Beds
8 Baths
4,432 Sq Ft
$450/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 $11,565/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-Harinxma

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

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

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

Listed on
May 16, 2013
Closed on
Jul 8, 2013
Sold by
Mines Amand K
Bought by
Aboolian Andre
Seller's Agent
Beatrice Harendza-Harinxma
COMPASS
Buyer's Agent
Sam S. Manoukian
DiversifiedPropertyInvestments
List Price
$959,000
Sold Price
$975,000
Premium/Discount to List
$16,000
1.67%
Current Estimated Value
$1,995,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,020,975
Avg. Annual Appreciation
5.92%
Original Mortgage
$672,750
Outstanding Balance
$480,257
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,515,718

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-Harinxma
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
Outstanding Balance
$480,257
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,515,718

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

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
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 $672,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $13,287 $1,195,208 $717,126 $478,082
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

  • Sam S. Manoukian

    Buyer's Agent in 2013

    Sam S. Manoukian

    DiversifiedPropertyInvestments

    (818) 334-3451

    5 Total Sales

    Sam S. Manoukian
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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

Not Listed for Sale

MultiFamily

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