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

Sale Details

Date 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

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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

8,591 Sq Ft Lot

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

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
Oct 21, 2015
Closed on
Jan 5, 2016
Sold by
Bought by
Seller's Agent
Jonathan Prakash
Equity Union
Buyer's Agent
George Yessaie
List Price
$3,225,000
Sold Price
$3,500,000
Premium/Discount to List
$275,000
8.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,500,000 Lawyers Title
-- None Available
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 $2,300,000
Closed $1,550,000
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
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

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 $46,189 $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

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Map

Source: The MLS

MLS Number: 15-952397

The MLS
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