NOT LISTED FOR SALE

1044 Linden Ave Glendale, CA 91201

Grandview Neighborhood
2 Beds
2 Baths
8,000 Sq Ft
7,926 Sq Ft Lot

Last Sold December 16, 2022

Last sale price $3,400,000 $425 Per Sq Ft

51 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail
  • Herbert Hoover High School Rated A-

About This Home

As of December 2022

Wonderful opportunity to acquire a very well maintained multi-family income property in the Grandview neighborhood of Glendale; the property is comprised of eight (8) two (2) bedroom, two (2) bathroom units of approximately 1,000 square feet each (per Assessor); all tenants are month-to-month; the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020;generous upside in rents; semi-subterranean parking garage striped for fourteen (14) parking spaces, but there are two (2)additional, parallel spaces that have been demarcated and are used by the tenants; all eight (8) central HVAC units were replaced in the last twelve (12) months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four (4) units upgraded in terms of flooring, counter tops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens

See attached brochure for complete information.

Last Agent to Sell the Property

David 'Randy' Stevenson

Stevenson Real Estate Services License #01228475 Listed on: 10/03/2022

Last Buyer's Agent

Arthur Ambarchyan

National Properties License #01351863

National Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 7,926 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 14 Car Garage

Home Design

  • 8,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 31 / B
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624008040
  • $1,099 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,920
  • Gardener Expense $1,200
  • Insurance Expense $2,861
  • Maintenance Expense $875
  • Other Expense $7,968
  • Trash Expense $7,084
  • New Taxes Expense $44,505
  • Operating Expense $66,573
  • Gross Income $152,040
  • Net Operating Income $87,374

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

14

Listing Details

  • Price Per Unit: 456250
  • Property Attached: Yes
  • Zoning: GLR4*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5624008040
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 425.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 7084.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7926.00
  • Lot Size Acres: 0.1820

Multi Family

  • Cable TV Expense: 1920.00
  • Gross Income: 152040.00
  • Gross Scheduled Income: 153947.00
  • Insurance Expense: 2861.00
  • Laundry Income: 1907.00
  • Lot Size Area: 7926.0000 Square Feet
  • Maintenance Expense: 875.00
  • Net Operating Income: 87374.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 66573.00
  • Other Expense: 7968.00
  • Rent Control: No
  • Total Expenses: 66573.00

Tax Info

  • New Taxes Expense: 44505.00
  • Tax Block: B
  • Tax Census Tract: 3016.01
  • Tax Lot: 31
  • Tax Tract Number: 4280
  • TaxOtherAnnualAssessmentAmount: 1099.00

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
12/16/2022 12/16/22 Sold $3,400,000 -6.8% $425 / Sq Ft
11/25/2022 11/25/22 Price Changed $3,650,000 -6.3% $456 / Sq Ft
11/04/2022 11/04/22 Price Changed $3,895,000 -8.4% $487 / Sq Ft
10/03/2022 10/03/22 For Sale $4,250,000 -- $531 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David 'Randy' Stevenson

    Seller's Agent in 2022

    David 'Randy' Stevenson

    Stevenson Real Estate Services

    (818) 956-7001

    3 in this area

    36 Total Sales

    Section Image
  • Arthur Ambarchyan

    Buyer's Agent in 2022

    Arthur Ambarchyan

    National Properties

    (818) 230-3228

    1 in this area

    61 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22208446

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91201 Grandview

1044 Linden Ave, Glendale, CA

This home is located at 1044 Linden Ave, Glendale, CA 91201 since 03 October 2022. This property was built in 1985. 1044 Linden Ave is a home located in Los Angeles County with nearby schools including Balboa Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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