NOT LISTED FOR SALE

1108 E Wilson Ave Unit 10 Glendale, CA 91206

Citrus Grove Neighborhood
21 Beds
1 Bath
10,760 Sq Ft
8,591 Sq Ft Lot

Last Sold January 21, 2016

Last sale price $3,500,000 $325 Per Sq Ft

21 Days on Market

About This Home

As of January 2016

*** ALL OFFERS DUE BY WEDNESDAY 10/28/2015 BY 5:00PM*** We are pleased to present The 1108 E Wilson Ave. Apartments a ten (10) unit multifamily investment located in the city of Glendale. This two story, wood frame stucco building was constructed in 1986 and consists of 10,760 SF of living area. The property features nine (9) two bedroom / one and three quarter bath units and one (1) three bedroom / three bath Townhouse unit . The property is situated on 8,591 SF lot zoned R-4. The property is a turnkey investment with very low maintenance and tremendous rental upside. Lastly, this is the first time the property has been on the market in almost 30 years.

Last Agent to Sell the Property

Jonathan Prakash

Equity Union License #01483131 Listed on: 10/21/2015

Co-Listed By

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119

Last Buyer's Agent

George Yessaie

License #01893333

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,591

Parking

  • 18 Parking Spaces

Interior Spaces

  • 10,760 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 1 Bathroom

Additional Features

  • 8,591 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5674-001-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10760
  • Stories: 2
  • Year Built: 1986
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 21
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 299.72

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 18

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 1285277
  • Assessed Land Value: 267556
  • Assessor Parcel Number: 5674-001-003
  • Geocode Override: No
  • Lot Size Area: 8591

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.92
  • Number Of Units: 10
  • Type Of Units: Multifamily

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
01/21/2016 01/21/16 Sold $3,500,000 +8.5% $325 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $3,225,000 -- $300 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $45,501 $4,143,285 $1,657,314 $2,485,971
2024 $45,501 $4,062,045 $1,624,818 $2,437,227
2023 $44,473 $3,982,398 $1,592,959 $2,389,439
2022 $43,714 $3,904,313 $1,561,725 $2,342,588
2021 $42,948 $3,827,758 $1,531,103 $2,296,655
2019 $41,315 $3,717,227 $1,485,691 $2,231,536
2018 $40,698 $3,644,400 $1,456,560 $2,187,840
2016 $17,980 $1,576,513 $271,636 $1,304,877
2015 $17,625 $1,552,833 $267,556 $1,285,277
2014 $17,526 $1,522,416 $262,315 $1,260,101
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jonathan Prakash

    Equity Union

    (424) 600-7620

    6 Total Sales

    Jonathan Prakash
    Section Image
  • Derrick Vartanian

    Seller Co-Listing Agent in 2016

    Derrick Vartanian

    Lyon Stahl Investment Real Estate, Inc.

    (310) 482-2200

    2 in this area

    15 Total Sales

    Derrick Vartanian
    Section Image

  • G

    Buyer's Agent in 2016

    George Yessaie

See All Agents

Map

Source: The MLS

MLS Number: 15-952397

The MLS
California Los Angeles County Glendale 91206 Citrus Grove

1108 E Wilson Ave Unit 10, Glendale, CA

Not Listed for Sale

MultiFamily

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