NOT LISTED FOR SALE
8 Beds
8 Baths
4,518 Sq Ft
6,495 Sq Ft Lot

Sale Details

Date Sold: February 1, 2017

Last sale price $1,915,000 $424 Per Sq Ft

13 Days on Market

Highlights

  • Side by Side Parking
  • Home Security System
  • Rectangular Lot
  • Herbert Hoover High School Rated A-
  • Central Heating and Cooling System

About This Home

As of February 2017

is proud to present this low maintenance 5 Unit Apartment Building in great Glendale location, Built in 1986 with Central AC and No Rent Control. Based on existing rents, asking GRM is only 15.78 and CAP Rate of 4.58%. Great unit mix with three (3) 2+1.5 Units, and (2) 1+1 Units. Front unit is a 2+1.5 townhouse featuring an In-Unit Washer and Dryer, private balcony with mountain views and 3 assigned parking spaces. Building features include a Security Gated Entry, 9 Parking Spaces, Private Storage for each unit, and Community Laundry with New Washer and Dryer (not leased). Most units have been remodeled with brand new kitchens, updated bathrooms, recess lighting, crown moldings, quartz counter tops, laminate and tile flooring, and more.

Last Agent to Sell the Property

David Nalbandyan

LA Premier Realty License #01869296 Listed on: 11/22/2016

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,495 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot

Home Design

  • 4,518 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Assigned Parking

Additional Features

  • Laundry in unit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5623035009

Community Details

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $630
  • Gardener Expense $960
  • Insurance Expense $2,500
  • Maintenance Expense $1,200
  • Trash Expense $852
  • Water Sewer Expense $1,890
  • New Taxes Expense $21,200
  • Operating Expense $29,772
  • Gross Income $107,400
  • Net Operating Income $77,628

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

6,495 Sq Ft Lot

Listing Details

  • CapRate: 4.58
  • Property Attached: Yes
  • Security: Security System
  • Water Sewer Expenses: 1890.00
  • Zoning: GLR4*
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5623035009
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 423.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Side by Side
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 852.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Paved
  • Lot Size Sq Ft: 6495.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 630.00
  • Gross Income: 107400.00
  • Gross Multiplier: 15.78
  • Gross Scheduled Income: 107400.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 155.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 77628.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 29772.00
  • Rent Control: No
  • Total Actual Rent: 8795.00
  • Total Expenses: 29772.00

Tax Info

  • New Taxes Expense: 21200.00
  • Tax Census Tract: 3016.01
  • Tax Lot: 1
  • Tax Tract Number: 1

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

Closed on
Apr 26, 2024
Sold by
Bought by

Purchase Details

Listed on
Nov 22, 2016
Closed on
Dec 6, 2016
Sold by
Bought by
Seller's Agent
David Nalbandyan
LA Premier Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,695,000
Sold Price
$1,915,000
Premium/Discount to List
$220,000
12.98%

Purchase Details

Closed on
Oct 13, 2015
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
$900,000
Interest Rate
0.0387%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 20, 2015
Closed on
Mar 27, 2015
Sold by
Bought by
Seller's Agent
Arshag Bohdjelian
West Valley Plaza Realty
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$1,359,000
Sold Price
$1,465,000
Premium/Discount to List
$106,000
7.8%

Purchase Details

Closed on
Mar 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 1999
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
$306,600
Interest Rate
0.0812%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Listed On Document
$1,915,000 Stewart Title
-- Lawyers Title
$733,000 Lawyers Title Company
-- None Available
-- None Available
-- None Available
$438,000 Chicago Title Co
-- Gateway Title Company
-- Gateway Title Company
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
Closed $900,000
Closed $150,000
Closed $100,000
Closed $740,000
Closed $325,000
Closed $1,200,000
Closed $1,500,000
Closed $2,000,000
Closed $1,048,000
Closed $2,210,000
Closed $460,000
Closed $400,000
Closed $1,330,000
Closed $306,600
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 Prior Sale
02/01/2017 02/01/17 Sold $1,915,000 +13.0% $424 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
11/22/2016 11/22/16 For Sale $1,695,000 +15.7% $375 / Sq Ft
03/31/2015 03/31/15 Sold $1,465,000 +7.8% $324 / Sq Ft View Prior Sale
02/03/2015 02/03/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $1,359,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,743 $2,222,516 $887,845 $1,334,671
2024 $24,554 $2,178,938 $870,437 $1,308,501
2023 $24,002 $2,136,215 $853,370 $1,282,845
2022 $23,595 $2,094,330 $836,638 $1,257,692
2021 $23,193 $2,053,266 $820,234 $1,233,032
2019 $22,318 $1,994,866 $795,906 $1,198,960
2018 $21,967 $1,955,800 $780,300 $1,175,500
2016 $16,716 $1,487,340 $888,343 $598,997
2015 $6,651 $560,124 $191,820 $368,304
2014 -- $549,153 $188,063 $361,090
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16751403

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.