NOT LISTED FOR SALE
7 Beds
6 Baths
4,072 Sq Ft
7,889 Sq Ft Lot

Sale Details

Date Sold: October 23, 2024

Last sale price $1,650,000 $405 Per Sq Ft

17 Days on Market

About This Home

As of October 2024

Wonderful opportunity for an owner-user or investor to acquire a well maintained multi-family income property in the
Grandview neighborhood of Glendale; the property is comprised of one (1) three (3) bedroom, one and one quarter (1.25)
bathrooms single family residence and four (4) one (1) bedroom, one (1) bathroom units; the single family residence is
currently vacant and has a newer full bathroom and kitchen; one (1) of the one (1) bedroom, one (1) bathroom units has a
newer kitchen; the house was constructed in 1923 and the additional four (4) one (1) bedroom units were built in 1960; the
electrical in the house has been replaced and the four (4) one (1) bedroom units are on circuit breakers; almost all windows
replaced on the house; entire property is copper plumbed; sewer line for both structures replaced to the street; central air
conditioning in the house; wall heating and through-the-wall air conditioning for the four (4) one (1) bedroom units; the
house has its own water heater; a central hot water heater serves the four (4) one (1) bedroom units; all units are
separately metered for gas and electricity; parking is four (4) spaces in two (2) two (2) car, closed garages off the alley; soft
story retrofit completed; laundry facility on site; generous upside in rents; 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; owner will consider carrying paper with a minimum of 1/3 down payment, terms to be negotiated

Last Agent to Sell the Property

David 'Randy' Stevenson

Stevenson Real Estate Services Brokerage Phone: 818-956-7001 License #01228475 Listed on: 09/10/2024

Last Buyer's Agent

David 'Randy' Stevenson

Stevenson Real Estate Services Brokerage Phone: 818-956-7001 License #01228475 Listed on: 09/10/2024

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,702

Year Built

  • Built in 1923

Lot Details

  • 7,889 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,072 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624008038

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,313
  • Gardener Expense $2,600
  • Insurance Expense $6,866
  • Maintenance Expense $158
  • Other Expense $4,648
  • Pest Control $899
  • Operating Expense $29,353
  • Gross Income $52,587
  • Net Operating Income $52,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,702

Year Built

Built in 1923

Lot Details

7,889 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2600.00
  • Parcel Number: 5624008038
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 405.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 899.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7889.00
  • Lot Size Acres: 0.1811

Multi Family

  • Electric Expense: 7313.00
  • Gross Income: 52587.00
  • Gross Scheduled Income: 81940.00
  • Insurance Expense: 6866.00
  • Lot Size Area: 7889.0000 Square Feet
  • Maintenance Expense: 158.00
  • Net Operating Income: 52587.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29353.00
  • Other Expense: 4648.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Expenses: 29353.00

Tax Info

  • Tax Lot: 30
  • Tax Tract Number: 4280
  • Tax Annual Amount: 6702.00

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
Sep 10, 2024
Closed on
Oct 17, 2024
Sold by
Bought by
Seller's Agent
David 'Randy' Stevenson
Stevenson Real Estate Services
Buyer's Agent
David 'Randy' Stevenson
Stevenson Real Estate Services
List Price
$1,675,000
Sold Price
$1,650,000
Premium/Discount to List
-$25,000
-1.49%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$808,392
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2023
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 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
$220,000
Interest Rate
7.87%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grandview, CA

See All Agents

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
$1,650,000 Chicago Title Company
-- None Listed On Document
-- None Listed On Document
$370,727 Chicago Title Co
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
Open $825,000
Previous Owner $276,000
Previous Owner $220,000
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
10/23/2024 10/23/24 Sold $1,650,000 -1.5% $405 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $1,675,000 -- $411 / 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 $18,466 $1,650,000 $990,000 $660,000
2024 $11,779 $1,007,023 $566,114 $440,909
2023 $6,758 $546,580 $192,039 $354,541
2022 $6,647 $535,864 $188,274 $347,590
2021 $6,522 $525,358 $184,583 $340,775
2020 $6,434 $519,972 $182,691 $337,281
2019 $6,294 $509,777 $179,109 $330,668
2018 $6,135 $499,783 $175,598 $324,185
2016 $5,790 $480,378 $168,780 $311,598
2015 $5,682 $473,163 $166,245 $306,918
2014 $5,667 $463,895 $162,989 $300,906
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD24188352

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

Ask me questions while you tour the home.