NOT LISTED FOR SALE

723 Porter St Glendale, CA 91205

Somerset Neighborhood

Estimated Value: $1,553,000 - $2,102,000

8 Beds
8 Baths
4,432 Sq Ft
$425/Sq Ft Est. Value

Sale Details

Date Sold: July 9, 2013

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

Est. 91% increase in value since last sale

Current estimated payment $11,363 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

7,637 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$1,863,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$888,106
Avg. Annual Appreciation
5.14%
Original Mortgage
$672,750
Outstanding Balance
$480,257
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$1,403,007

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
$1,403,007

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Somerset, CA

  • Arthur Ambarchyan Real Estate Agent - Keller Williams R. E. Services

    Arthur Ambarchyan

    Responds Quickly

    Keller Williams R. E. Services

    (747) 271-1402

    82 Total Sales

    1 in Somerset

    $1,060,000 Price

    Arthur Ambarchyan
     Section Image
  • Sophia Kelley Real Estate Agent - Christie's RE SoCal

    Sophia Kelley

    Christie's RE SoCal

    (747) 998-0297

    37 Total Sales

    1 in Somerset

    $1,210,000 Price

    Sophia Kelley
     Section Image
  • Danielle Izen Real Estate Agent - Equity Union

    Danielle Izen

    Equity Union

    (747) 247-9209

    29 Total Sales

    2 in Somerset

    $1,200,000 Price Range

    Danielle Izen
     Section Image
  • Gina Isaac Real Estate Agent - Nourmand & Associates-HW

    Gina Isaac

    Nourmand & Associates-HW

    (424) 288-7115

    55 Total Sales

    2 in Somerset

    $1,380,000 Price Range

    Gina Isaac
     Section Image
  • Josh Stein-Sapir Real Estate Agent - Keyes Real Estate

    Josh Stein-Sapir

    Keyes Real Estate

    (562) 456-3475

    137 Total Sales

    1 in Somerset

    $650,000 Price

    Josh Stein-Sapir
     Section Image
  • Michele Brown Real Estate Agent - Keller Williams Realty

    Michele Brown

    Keller Williams Realty

    (844) 977-3032

    32 Total Sales

    1 in Somerset

    $1,055,000 Price

    Michele Brown
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$975,000 Chicago Title Co
Aboolian Andre -- Chicago Title Co
Mines Amand K -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $672,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,592 $1,219,111 $731,468 $487,643
2025 $13,592 $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 Real Estate Agent - DiversifiedPropertyInvestments

    Buyer's Agent in 2013

    Sam S. Manoukian

    DiversifiedPropertyInvestments

    (818) 334-3451

    6 Total Sales

    Sam S. Manoukian
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Map

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

723 Porter St, Glendale, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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