$3,100,000
SOLD JUL 29, 2025
12 Beds
12 Baths
7,754 Sq Ft
6,590 Sq Ft Lot

Recently Sold

$400 Per Sq Ft

3% Below List Price

15 Days on Market

About This Home

As of July 2025

1113 Thompson Avenue is an 8-unit value-add multifamily opportunity located in the highly sought-after Northwest Glendale submarket. Built in 1980 and spanning 7,754 square feet, the property offers a desirable mix of one- and two-bedroom units perfectly suited for individuals, couples, and small families. Set on a 6,590 SF lot with classic California charm, the building features on-site parking and private outdoor spaces, providing immediate livability and long-term appeal. Positioned just minutes from the 5 and 134 Freeways, the property offers seamless connectivity to major employment and entertainment hubs including Burbank, Pasadena, and Downtown Los Angeles. Residents benefit from proximity to top employers such as Disney, Warner Bros., and DreamWorks Studios, as well as premier retail and recreational destinations like the Glendale Galleria, Brand Boulevard, and Griffith Park. With utilities separately metered for gas and electricity and water master-metered, this well-maintained asset presents investors with strong fundamentals and significant upside potential. Interior renovations and cosmetic enhancements offer an ideal path to increased rental income and property appreciation in one of Glendale's most stable, low-vacancy neighborhoods known for its excellent schools and strong sense of community.

Last Agent to Sell the Property

tony azzi

Tony Azzi License #00910513 Listed on: 06/02/2025

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,590 Sq Ft Lot
  • Lot Dimensions are 40x167

Interior Spaces

  • 7,754 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Parking Spaces
  • Subterranean Parking

Location

  • City Lot

Community Details

  • 8 Units
  • Vacancy Allowance $9,206

Listing and Financial Details

  • Assessor Parcel Number 5621-040-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: 1113 Thompson Avenue is an 8-unit value-add multifamily in Northwest Glendale. Built in 1980 with 7,754 SF on a 6,590 SF lot, it offers a strong mix of one- and two-bedroom units ideal for singles, couples, and small families. Features include on-site parking and private outdoor areas. Minutes from the 5 and 134 Freeways, the property offers easy access to Burbank, Pasadena, and Downtown LA. Nearby are major employers like Disney, Warner Bros., and DreamWorks, plus shopping and recreation at Glendale Galleria, Brand Blvd, and Griffith Park. Separately metered for gas and electric with master-metered water, the building is well maintained and positioned for rental upside. Interior renovations and cosmetic upgrades can boost income and value. Located in a stable, low-vacancy submarket with top schools and strong community appeal, this is an ideal opportunity for investors.
  • Living Area: 7754
  • Lot Acreage: 0.1513
  • Lot Dimensions: 40x167
  • Price Per Unit: 400000.00
  • Stories: 2
  • Year Built: 1980
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 412.69

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Subterranean, Covered Parking
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 46.03
  • Assessed Improvement Value: 1499888
  • Assessed Land Percent: 53.97
  • Assessed Land Value: 1758777
  • Total Assessed Value: 3200000
  • Assessor Parcel Number: 5621-040-031
  • Lot Location: City
  • Lot Size Area: 6590

Rental Info

  • Total Actual Rent: 184128.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.38
  • Number Of Units: 8
  • Total Annual Expense: 84223
  • Type Of Units: Standard
  • Vacancy Allow: 9206
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

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
07/29/2025 07/29/25 Sold $3,100,000 -3.1% $400 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $3,200,000 -- $413 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25546823

The MLS