$3,500,000
$125K PRICE DROP

Estimated payment $22,148/month

Total Views 5,195
3 Beds
2 Baths
8,432 Sq Ft
$415 Price per Sq Ft

Highlights

  • Laundry Room
  • Bike Trail
  • 1-minute walk to Wilson Mini Park
  • Forced Air Heating System

About This Home

Situated in one of the more visible corner lots in the city, the property boast a walkers paradise score of 93 out 100! Immediate access to Glendale Marketplace, City Hall, Americana at Brand, Glendale Galleria and a whole myriad of local shops, services and cafes. The 10 units are comprised of (7) 2+1 units and (3) 1+1 units. A standalone terrace unit on the third floor offers some great views of the city and mountains. Incorporating both on grade parking and enclosed garages, there may be a potential to convert into ADUs, buyer to research & verify. Ease of management, low turnover and upside in rents make this an attractive acquisition opportunity.

Listing Agent

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 04/09/2025

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,047 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 9 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 8,432 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 23 / 1
  • Assessor Parcel Number 5645017024
  • $1,187 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $76,118
  • Gross Income $21,619
  • Net Operating Income $178,117

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

9

Listing Details

  • Price Per Unit: 350000
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5645017024
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 415.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8047.00
  • Lot Size Acres: 0.1847

Multi Family

  • Gross Income: 21619.00
  • Gross Scheduled Income: 259424.00
  • Lot Size Area: 8047.0000 Square Feet
  • Net Operating Income: 178117.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 76118.00
  • Rent Control: No
  • Total Expenses: 76118.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 3020.03
  • Tax Lot: 23
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 1187.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $3,500,000 -2.1% $415 / Sq Ft
06/09/2025 06/09/25 Price Changed $3,575,000 -1.4% $424 / Sq Ft
04/09/2025 04/09/25 For Sale $3,625,000 -- $430 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25078178

California Regional Multiple Listing Service (CRMLS)