NOT LISTED FOR SALE
18 Beds
28 Baths
9,331 Sq Ft
7,853 Sq Ft Lot

Last Sold January 22, 2021

Last sale price $3,400,000 $364 Per Sq Ft

Highlights

  • No HOA
  • Side by Side Parking
  • Forced Air Heating and Cooling System
  • Herbert Hoover High School Rated A-
  • Laundry Room

About This Home

As of January 2021

Low maintenance 10-unit building in the desirable Glendale area. Consists of large townhouse style units. 8 units with 2 bedrooms and 2.5 bathrooms and 2 units with 1 bedroom and 1.5 bathrooms. Additional features include subterranean parking with a total of 17 side-by-side spots, community laundry facility in the building, central A/C and heat and gated access. Building is conveniently located to restaurants and public transit. Great potential!

Last Agent to Sell the Property

Alice Shen

Alice Shen, Broker License #01798872 Listed on: 10/10/2020

Last Buyer's Agent

Artin Babayan

National Properties License #01799598

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,853 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 17 Car Garage
  • Parking Available
  • Side by Side Parking

Home Design

  • Property Attached

Interior Spaces

  • 9,331 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 28 Bathrooms

Additional Features

  • Urban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 17 / A
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624005014

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $3,184
  • Other Expense $360
  • Trash Expense $960
  • Water Sewer Expense $7,500
  • New Taxes Expense $13,414
  • Operating Expense $26,138
  • Gross Income $202,320
  • Net Operating Income $176,182

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

17

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7500.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5624005014
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 364.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned, Side by Side, Subterranean
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7853.00
  • Lot Size Acres: 0.1803

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 202320.00
  • Gross Scheduled Income: 202320.00
  • Insurance Expense: 3184.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 7853.0000 Square Feet
  • Net Operating Income: 176182.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 26138.00
  • Other Expense: 360.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 16760.00
  • Total Expenses: 26138.00

Tax Info

  • New Taxes Expense: 13414.00
  • Tax Block: A
  • Tax Census Tract: 3016.01
  • Tax Lot: 17
  • Tax Tract Number: 4280

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
01/22/2021 01/22/21 Sold $3,400,000 -20.0% $364 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $4,250,000 -- $455 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20213883

California Regional Multiple Listing Service (CRMLS)