NOT LISTED FOR SALE

Estimated Value: $939,000 - $1,197,299

3 Beds
3 Baths
1,525 Sq Ft
$693/Sq Ft Est. Value

Last Sold October 10, 2014

Last sale price $489,000 $321 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $6,092/month

20 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Horace Mann Elementary School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of October 2014

Excellent opportunity to purchase a Duplex Income Property in Glendale. Front house has 3 bedrooms, 2 1/4 bath, formal dining room, living room and laundry area. The back unit is a studio with a kitchen and bathroom. Behind the garage there is a separate bonus room with a bathroom. Additional features: new electrical panels, copper plumbing, roof is about six years old. Buyer to verify ANY/ALL information regarding zoning, building restrictions and permits. Buyer to verify permits with the City of Glendale.

Last Agent to Sell the Property

Patty Rogel

Keller Williams Realty-Studio License #01746233 Listed on: 03/08/2014

Keller Williams Realty-Studio

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,893 Sq Ft Lot
  • No Common Walls
  • Masonry wall
  • Partially Fenced Property
  • Chain Link Fence
  • Fence is in fair condition
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Automatic Gate

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,525 Sq Ft Home
  • Panel Doors
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Assessor Parcel Number 5675018022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $325
  • Insurance Expense $1,400
  • Trash Expense $400
  • Water Sewer Expense $1,000
  • New Taxes Expense $6,700
  • Gross Income $700
  • Net Operating Income $21,375

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 325.00
  • Parcel Number: 5675018022
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Panel Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 320.66

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fencing: Chain Link, Fair Condition, Masonry, Partial
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Inside
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6893.00
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 700.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6893.0000 Square Feet
  • Net Operating Income: 21375.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 9825.00
  • Rent Control: No
  • Total Actual Rent: 700.00

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Lot: 8
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2025
Sold by
Arakelyan Tigran and Arakelyan Gayane
Bought by
Arakelyan Family Living Trust and Arakelyan
Current Estimated Value
$1,056,575

Purchase Details

Closed on
Nov 9, 2018
Sold by
Arakelyan Family Living Trust
Bought by
Arakelyan Tigran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,700
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 12, 2017
Sold by
Arakelyan Tigran and Arakelyan Gayane
Bought by
Arakelyan Tigran and Arakelyan Gayane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,150
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2015
Sold by
Arakelyan Tigran and Arakelyan Gayane
Bought by
The Arakelyan Family Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2015
Sold by
Arakelyan Gayane
Bought by
Arakelyan Tigran and Arakelyan Gayane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2014
Sold by
Arakelyan Tigran
Bought by
Arakelyan Gayane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2014
Sold by
Hernandez William
Bought by
Arakelyan Gayane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2012
Sold by
Hernandez William and Espinoza Vilma
Bought by
Hernandez Willian

Purchase Details

Closed on
Jan 29, 2007
Sold by
Hernandez Willian and Espinoza Vilma
Bought by
Hernandez Willian and Espinoza Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
8.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2004
Sold by
Deluca Connie L
Bought by
Hernandez William and Espinoza Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,200
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2001
Sold by
Bagnato Russell
Bought by
Bagnato Russell and Deluca Connie L
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
Arakelyan Family Living Trust -- None Listed On Document
Arakelyan Tigran -- Accurate Equity Group
Arakelyan Tigran -- Accommodation
Arakelyan Tigran -- Lawyers Title Company
The Arakelyan Family Living Trust -- None Available
Arakelyan Tigran -- Western Resources Title
Arakelyan Gayane -- North American Title
Arakelyan Gayane $489,000 North American Title Co
Hernandez Willian -- Accommodation
Hernandez Willian -- American Coast Title Company
Hernandez William $579,000 Commonwealth Land Title
Bagnato Russell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arakelyan Tigran $236,700
Previous Owner Arakelyan Tigran $580,150
Previous Owner Arakelyan Tigran $454,500
Previous Owner Arakelyan Gayane $210,000
Previous Owner Arakelyan Gayane $210,000
Previous Owner Hernandez Willian $560,000
Previous Owner Hernandez William $463,200
Closed Hernandez William $115,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2014 10/10/14 Sold $489,000 -9.1% $321 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/08/2014 03/08/14 For Sale $538,000 -- $353 / 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 $6,677 $587,695 $359,348 $228,347
2024 $6,547 $576,172 $352,302 $223,870
2023 $6,401 $564,876 $345,395 $219,481
2022 $6,290 $553,801 $338,623 $215,178
2021 $6,181 $542,943 $331,984 $210,959
2020 $6,093 $537,936 $328,580 $209,356
2019 $5,948 $527,400 $322,138 $205,262
2018 $5,773 $517,071 $315,822 $201,249
2016 $5,504 $496,456 $303,559 $192,897
2015 $5,393 $489,000 $299,000 $190,000
2014 $4,960 $450,000 $419,700 $30,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14049323

California Regional Multiple Listing Service (CRMLS)

APN: 5675-018-022