NOT LISTED FOR SALE

8466 Quartz Ave Winnetka, CA 91306

Estimated Value: $1,043,000 - $1,164,000

5 Beds
3 Baths
1,862 Sq Ft
$602/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $885,000 $475 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,194/month

1 Day on Market

Highlights

  • Detached Guest House
  • RV Access or Parking
  • Property is near public transit
  • Valley Academy of Arts & Sciences Rated A-
  • Fireplace in Primary Bedroom
  • Lawn

About This Home

As of December 2020

Two houses on a lot! Welcome to 8464 & 8466 Quartz Ave, front house with three bedrooms & two full bathrooms & an ADU (guesthouse) of two bedrooms/one full bathroom. The front house is completely remodeled with new roof, recess lighting, copper plumbing, new electrical, and many other upgrades. As you step in you will be taken by the amount of details throughout open floor plan, from the kitchen with its island to the large master bedroom with the fireplace as the centerpiece. The ADU is new construction built from the ground up with astounding 12' ceilings. The main house and ADU each have its own separate electrical meters, both have gorgeous kitchens w/ custom shaker cabinets, quartz countertops, brand new central AC system in main house, interior washer/dryer hookups, mini splits for heating/ac in the ADU, crown molding, separate patios, and tankless water heaters. The huge lot provides plenty of privacy between both properties, there's also a two car garage, long driveway that will fit multiple vehicles or RV, and a 20x12 permitted work shop. The property is located less than 5 minutes away from Northridge mall, CSUN, Costco, supermarkets, and a ton of restaurants. You will fall in love with the details, rental income potential for a family, investor, or 1031 exchange. You won't find anything like it in this neighborhood for the price.

Last Agent to Sell the Property

Angel Nova

Global Premier Properties, Inc. License #02004647 Listed on: 10/03/2020

Last Buyer's Agent

Ani Nersisyan

Christie's Int. R.E SoCal License #02082612

Christie's Int. R.E SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,668

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 9,471 Sq Ft Lot
  • Wood Fence
  • Drip System Landscaping
  • Sprinkler System
  • Lawn
  • Back and Front Yard
  • Property is zoned LARA

Home Design

  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 1,862 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Workshop
  • Laminate Flooring
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Additional Features

  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 83
  • Tax Tract Number 10466
  • Assessor Parcel Number 2782003012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,668

Year Built

Built in 1949 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.60
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: LARA
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 2782003012
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Master Bedroom
  • Levels: One
  • Price Per Square Foot: 475.30
  • Room Type: All Bedrooms Down, Main Floor Master Bedroom, Master Bathroom, Workshop
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Other Structures: Guest House, Guest House Detached, Storage, Two On A Lot, Workshop
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Covered, Driveway, Concrete, Garage, RV Access/Parking, RV Potential
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Near Public Transit, Sprinkler System, Sprinklers Drip System
  • Lot Size Sq Ft: 9471.00
  • Lot Size Acres: 0.2174

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 633 Square Feet
  • Average3 Bed Area: 1229 Square Feet
  • Gross Income: 69600.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9471.0000 Square Feet
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 12000.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 1134.01
  • Tax Lot: 83
  • Tax Tract Number: 10466

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2023
Sold by
Balyan Arutyun
Bought by
Arutyun Balyan Living Trust and Balyan
Current Estimated Value
$1,126,724

Purchase Details

Closed on
Oct 23, 2020
Sold by
Mayan Investments Inc
Bought by
Balyan Arutyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 13, 2019
Closed on
May 9, 2019
Sold by
Brooks Garrett Rand and The Estate Of Arlington Rand B
Bought by
Mayan Investments Inc
Seller's Agent
Christina Larson
Equity Union
Buyer's Agent
Angel Nova
Global Premier Properties, Inc.
List Price
$500,000
Sold Price
$515,000
Premium/Discount to List
$15,000
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$502,250
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2013
Sold by
Brooks Arlington Rand and The 2010 David L Thompson Livi
Bought by
Brooks Arlington Rand

Purchase Details

Closed on
Aug 19, 2010
Sold by
Thompson David L
Bought by
Thompson David L and The 2010 David L Thompson Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Arutyun Balyan Living Trust -- None Listed On Document
Balyan Arutyun $885,000 Priority Title
Mayan Investments Inc $515,000 Priority Title Company
Brooks Arlington Rand -- None Available
Thompson David L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balyan Arutyun $775,000
Previous Owner Balyan Arutyun $200,000
Previous Owner Balyan Arutyun $200,000
Previous Owner Balyan Arutyun $575,000
Previous Owner Mayan Investments Inc $502,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $885,000 0.0% $475 / Sq Ft
12/28/2020 12/28/20 Sold $885,000 0.0% $475 / Sq Ft
11/23/2020 11/23/20 Price Changed $885,000 0.0% $475 / Sq Ft
11/23/2020 11/23/20 Price Changed $885,000 +1.1% $475 / Sq Ft
10/30/2020 10/30/20 For Sale $875,000 0.0% $470 / Sq Ft
10/30/2020 10/30/20 For Sale $875,000 -1.1% $470 / Sq Ft
10/07/2020 10/07/20 Off Market $885,000 -- --
10/07/2020 10/07/20 Off Market $885,000 -- --
10/04/2020 10/04/20 Pending -- -- --
10/04/2020 10/04/20 Pending -- -- --
10/03/2020 10/03/20 For Sale $875,000 0.0% $470 / Sq Ft
10/02/2020 10/02/20 For Sale $875,000 -1.1% $470 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/26/2020 08/26/20 Off Market $885,000 -- --
08/15/2020 08/15/20 Price Changed $875,000 +2.9% $470 / Sq Ft
07/07/2020 07/07/20 For Sale $850,000 -4.0% $456 / Sq Ft
07/02/2020 07/02/20 Off Market $885,000 -- --
05/20/2020 05/20/20 For Sale $850,000 +65.0% $456 / Sq Ft
06/28/2019 06/28/19 Sold $515,000 +3.0% $419 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
04/13/2019 04/13/19 For Sale $500,000 -- $407 / 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 $11,668 $957,951 $383,180 $574,771
2024 $11,668 $939,168 $375,667 $563,501
2023 $11,444 $920,753 $368,301 $552,452
2022 $10,916 $902,700 $361,080 $541,620
2021 $10,730 $885,000 $354,000 $531,000
2020 $7,656 $525,300 $420,240 $105,060
2019 $1,684 $374,218 $224,089 $150,129
2018 $4,573 $366,882 $219,696 $147,186
2016 $4,365 $352,637 $211,166 $141,471
2015 $4,303 $347,341 $207,995 $139,346
2014 $4,326 $340,538 $203,921 $136,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20208303

California Regional Multiple Listing Service (CRMLS)

APN: 2782-003-012