NOT LISTED FOR SALE
-- Bed
-- Bath
17,576 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: June 27, 2019

Last sale price $5,950,000 $339 Per Sq Ft

83 Days on Market

Highlights

  • 15,108 Sq Ft lot
  • Subterranean Parking
  • Central Heating and Cooling System
  • Herbert Hoover High School Rated A-

About This Home

As of June 2019

This is for the purchase of 1022 and 1026 Thompson Avenue with APNs 5623-021-025 and 5623-021-026. 1022-1026 Thompson Avenue is located in the city of Glendale, just northeast of the Golden State Freeway (I-5) between Glenoaks Boulevard and San Fernando Road. 1022-1026 Thompson Avenue offers an investor the unique opportunity to own an excellent piece of real estate in a thriving and attractive rental submarket within the Tri-Cities Market. 1022-1026 Thompson Avenue is a well-maintained, two-story, 18 unit property, with all townhouse style units. Constructed in 1978, the property sits on a 15,108 square foot double lot, with a total building size of 17,576 square feet. The neatly landscaped property is separately metered for gas and electric and offers controlled access, a courtyard area, two on-site laundry facilities, and ample parking, including gated subterranean garage parking and unsecured parking.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 03/07/2019

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 03/07/2019

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.35

Interior Spaces

  • 17,576 Sq Ft Home
  • 2-Story Property

Parking

  • 33 Parking Spaces
  • Subterranean Parking

Additional Features

  • 15,108 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5623-021-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 17576
  • Manager Expense: 22800.00
  • Stories: 2
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 344.22

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Subterranean
  • Total Parking: 33

Utilities

  • Cooling: Central
  • Electric Expense: 2313.00
  • Heating: Central
  • Water Expense: 13809.00

Fee Information

  • Gas Expense: 6207.00
  • Insurance Expense: 8040.00
  • Maintenance Expense: 11700.00
  • Management Expense: 14612.00
  • Other Expense: 4500.00
  • Trash Expense: 374.00

Lot Info

  • Assessor Parcel Number: 5623-021-025
  • Geocode Override: No
  • Lot Size Area: 15108

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.13
  • Number Of Units: 18
  • Type Of Units: Twnhs

Tax Info

  • Tax Expense: 67821.00

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
Mar 7, 2019
Closed on
May 23, 2019
Sold by
Bought by
Seller's Agent
Priscilla Nee
CB Richard Ellis, Inc.
Buyer's Agent
Priscilla Nee
CB Richard Ellis, Inc.
List Price
$6,050,000
Sold Price
$5,950,000
Premium/Discount to List
-$100,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$5,950,000 North American Title Company
-- Chicago Title Company
-- 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
Previous Owner $500,000
Previous Owner $1,500,000
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
06/27/2019 06/27/19 Sold $5,950,000 -1.7% $339 / Sq Ft
03/07/2019 03/07/19 For Sale $6,050,000 -- $344 / Sq Ft
Source: The MLS

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
2025 $37,084 $3,318,664 $1,673,277 $1,645,387
2024 $36,581 $3,253,593 $1,640,468 $1,613,125
2023 $35,757 $3,189,798 $1,608,302 $1,581,496
2022 $35,148 $3,127,254 $1,576,767 $1,550,487
2021 $34,533 $3,065,936 $1,545,850 $1,520,086
2019 $2,922 $2,712,830 $1,082,432 $1,630,398
2018 $9,810 $811,900 $322,058 $489,842
2016 $9,252 $773,887 $309,553 $464,334
2015 $9,078 $762,264 $304,904 $457,360
2014 $9,059 $747,333 $298,932 $448,401
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-441538

The MLS
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