NOT LISTED FOR SALE

10407 Mount Gleason Ave Sunland, CA 91040

Sunland Neighborhood
26 Beds
14 Baths
10,780 Sq Ft
0.37 Acres Lot

Sale Details

Date Sold: November 9, 2017

Last sale price $2,150,000 $199 Per Sq Ft

31 Days on Market

Highlights

  • 0.37 Acre Lot
  • Laundry Room
  • 4-minute walk to Howard Finn Park
  • Verdugo Hills Senior High School Rated A-
  • Carpet

About This Home

As of November 2017

Well maintained 14 Units building consisting of 12, 2Brms-1Ba units and 2, 1Brm-1Ba units. All Copper Plumbing, Roof was replaced 10-15 years ago, New central boiler was replaced in 2016, and new enclosed play yard in front of the building. Leased Coin Laundry with 2 washers and 2 dryers that generate some income. 14 Car parking spaces plus a 75 Sq. Ft. storage room for the owner's use. Low rents with upwards potential and an approximately 3% rent increase on each January for most of the Units.

Last Agent to Sell the Property

Nabil Assaf

Keller Williams Real Estate Services License #01229232 Listed on: 09/18/2017

Keller Williams Real Estate Services

Last Buyer's Agent

Nabil Assaf

Keller Williams Real Estate Services License #01229232 Listed on: 09/18/2017

Keller Williams Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,005

Year Built

  • Built in 1963

Lot Details

  • 0.37

Interior Spaces

  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces

Additional Features

  • 16,161 Sq Ft Lot
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 2559011022

Community Details

Overview

  • 14 Units
  • Not Applicable 1007242 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $431
  • Electric Expense $92
  • Fuel Expense $210
  • Insurance Expense $421
  • Trash Expense $352
  • Water Sewer Expense $950
  • Gross Income $15,866

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,005

Year Built

Built in 1963

Lot Details

0.37 Acres

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 950.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 2559011022
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Flooring: Carpet
  • Appliances: Yes
  • Total Bedrooms: 26
  • Levels: Two

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Appliances: Water Heater Central
  • Laundry Features: Community
  • Trash Expense: 352.00

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16161.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 770
  • Average2 Bed Area: 770
  • Cable TV Expense: 431.00
  • Electric Expense: 92.00
  • Fuel Expense: 210.00
  • Gross Income: 15866.00
  • Gross Multiplier: 12.34
  • Insurance Expense: 421.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 350.00
  • Lot Size Area: 16161.0000 Square Feet
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number With Carpet: 14
  • Total Actual Rent: 15516.00

Tax Info

  • Tax Annual Amount: 1005.11
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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 List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $2,150,000 -8.5% $199 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $2,350,000 -- $218 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $30,650 $2,446,328 $978,530 $1,467,798
2024 $30,650 $2,398,362 $959,344 $1,439,018
2023 $30,079 $2,351,336 $940,534 $1,410,802
2022 $28,728 $2,305,233 $922,093 $1,383,140
2021 $28,339 $2,260,033 $904,013 $1,356,020
2019 $27,520 $2,196,750 $877,200 $1,319,550
2018 $27,213 $2,153,750 $860,000 $1,293,750
2017 $12,495 $925,846 $139,998 $785,848
2016 $12,106 $907,693 $137,253 $770,440
2015 $11,945 $894,060 $135,192 $758,868
2014 $12,077 $876,547 $132,544 $744,003
Source: Public Records

Agents Affiliated with this Home

  • Nabil Assaf

    Seller's Agent in 2017

    Nabil Assaf

    Keller Williams Real Estate Services

    (818) 261-4775

    19 Total Sales

    Nabil Assaf
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817001919

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Tujunga 91040 Sunland

10407 Mount Gleason Ave, Tujunga, CA

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Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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