NOT LISTED FOR SALE

7702 Summitrose St Tujunga, CA 91042

Estimated Value: $1,106,000 - $1,477,000

8 Beds
5 Baths
3,615 Sq Ft
$368/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $930,000 $257 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,014/month

68 Days on Market

Highlights

  • No HOA
  • Converted Garage
  • Laundry Room
  • Verdugo Hills Senior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Howard Finn Park

About This Home

As of September 2019

4 Units in Tujunga with garages, low rents and laundry income. New exterior paint and some new windows. All copper plumbing. 2 units have new laminate flooring, 2 wall A/C units in each unit & 1 unit has new carpeting/flooring. Ceiling fans in each unit. Long term tenants (10 years). Townhouse style unit has a brick wood burning fireplace & a large backyard. Wall heaters in each unit. No Gardener expenses, low maintenance flat lot. The tenants pay the trash expenses.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 05/21/2019

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 05/21/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,033 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Converted Garage
  • Parking Available
  • Parking Lot
  • Assigned Parking

Home Design

  • Property Attached
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,615 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Window Screens
  • Living Room with Fireplace
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 2
  • Tax Tract Number 5827
  • Assessor Parcel Number 2558002037

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $12,375
  • Operating Expense $20,748
  • Gross Income $56,316
  • Net Operating Income $35,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.59
  • Property Attached: Yes
  • Zoning: LARD3
  • Property Type: Residential Income
  • Parcel Number: 2558002037
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 257.26
  • Window Features: ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Converted Garage, Concrete, Paved, Garage, Parking Space
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5033.00
  • Lot Size Acres: 0.1155

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Multiplier: 16.70
  • Gross Operating Income: 56316.00
  • Gross Scheduled Income: 59280.00
  • Gross Spendable Income: 35568.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5033.0000 Square Feet
  • Net Operating Income: 35568.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 20748.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 4940.00
  • Total Expenses: 20748.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12375.00
  • Tax Census Tract: 1011.10
  • Tax Lot: 2
  • Tax Tract Number: 5827

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2019
Sold by
Adamian Joseph and Adamian Jasmine
Bought by
Andart
Current Estimated Value
$1,329,467

Purchase Details

Listed on
May 21, 2019
Closed on
Aug 6, 2019
Sold by
Mccray Leah R
Bought by
Adamian Joseph and Adamian Jasmine
Seller's Agent
James Joseph
Liberty Real Estate Services
Buyer's Agent
James Joseph
Liberty Real Estate Services
List Price
$990,000
Sold Price
$930,000
Premium/Discount to List
-$60,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$430,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2004
Sold by
Mccray Timothy J
Bought by
Mccray Leah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 1998
Sold by
Glendale Federal Bank Fsb
Bought by
Mccray Timothy J and Mccray Leah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,612
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1997
Sold by
Prodan John
Bought by
Glendale Federal Bank Fsb

Purchase Details

Closed on
Feb 15, 1994
Sold by
Prodan John
Bought by
Prodan John and Prodan Paula S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
3.62%
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
Andart -- Accommodation
Adamian Joseph $930,000 Fidelity National Title Co
Mccray Leah R -- Fidelity National Title Co
Mccray Timothy J $190,000 Old Republic Title Company
Glendale Federal Bank Fsb $186,679 American Title Ins Co
Prodan John -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adamian Joseph $430,000
Previous Owner Mccray Leah R $301,000
Previous Owner Mccray Timothy J $184,612
Previous Owner Prodan John $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $930,000 -6.1% $257 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $990,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,584 $1,017,086 $656,186 $360,900
2024 $12,584 $997,144 $643,320 $353,824
2023 $12,347 $977,593 $630,706 $346,887
2022 $11,784 $958,426 $618,340 $340,086
2021 $11,629 $939,634 $606,216 $333,418
2020 $11,742 $930,000 $600,000 $330,000
2019 $3,775 $271,947 $101,332 $170,615
2018 $3,695 $266,616 $99,346 $167,270
2016 $3,503 $256,266 $95,490 $160,776
2015 $3,458 $252,417 $94,056 $158,361
2014 $3,499 $247,473 $92,214 $155,259
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19142695

California Regional Multiple Listing Service (CRMLS)

APN: 2558-002-037