NOT LISTED FOR SALE
32 Beds
32 Baths
14,706 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: August 22, 2023

Last sale price $6,100,000 $415 Per Sq Ft

27 Days on Market

Highlights

  • 0.31 Acre Lot
  • Central Heating and Cooling System
  • 32 Car Garage
  • Herbert Hoover High School Rated A-

About This Home

As of August 2023

1117 Linden Ave is a 17 + 1 unit apartment building located in Glendale, a neighborhood in the San Fernando Valley. Built in 1986, the property consists of two (2) one-bedroom + one-bathroom units and fifteen (15) two-bedroom+ two-bathroom units. Additionally, the building has an additional non-conforming unit that could potentially be legalized into a two-bedroom + two-bathroom unit (buyer to do own investigation).1117 Linden Ave is located on a charming, tree-lined street in Glendale. There is no shortage of activities to explore in the area. From shopping at the Burbank Town Center or Glendale Galleria to exploring Griffith Park and Stough Canyon, just a few miles away. Glendale lies at the eastern end of the San Fernando Valley, the location provides convenient access to the 134 and 5 freeways, further extending the area's connectivity to the rest of Los Angeles.1117 Linden Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.49% with the ability to improve to a 6.09% CAP rate once units turnover.

Last Agent to Sell the Property

Michael Sterman

Marcus & Millichap License #01911703 Listed on: 07/18/2023

Last Buyer's Agent

David Nalbandyan

LA Premier Realty License #01869296

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.31

Parking

  • 32 Car Garage

Interior Spaces

  • 14,706 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 32 Bathrooms

Additional Features

  • 13,395 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 5621-035-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 14706
  • Lot Acreage: 0.3075
  • Stories: 2
  • Year Built: 1986
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 32.00
  • Price Per S Q F T: 452.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 32

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 90.71
  • Assessed Improvement Value: 1620135
  • Assessed Land Percent: 9.29
  • Assessed Land Value: 165940
  • Total Assessed Value: 1786075
  • Assessor Parcel Number: 5621-035-029
  • Lot Size Area: 13395

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.53
  • Number Of Units: 17
  • Type Of Units: Apartments

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
Jul 18, 2023
Closed on
Aug 16, 2023
Sold by
Bought by
Seller's Agent
Michael Sterman
Marcus & Millichap
Buyer's Agent
David Nalbandyan
LA Premier Realty
List Price
$6,650,000
Sold Price
$6,100,000
Premium/Discount to List
-$550,000
-8.27%
Views
17

Purchase Details

Closed on
Dec 20, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2002
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
$6,100,000 Chicago Title Company
-- None Available
-- 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 $3,575,000
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
08/22/2023 08/22/23 Sold $6,100,000 -8.3% $415 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $6,650,000 -- $452 / 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 $69,313 $6,222,000 $4,355,400 $1,866,600
2024 $68,125 $6,100,000 $4,270,000 $1,830,000
2023 $21,600 $1,821,795 $169,258 $1,652,537
2022 $21,240 $1,786,075 $165,940 $1,620,135
2021 $20,816 $1,751,055 $162,687 $1,588,368
2019 $20,057 $1,712,169 $157,862 $1,554,307
2018 $19,651 $1,678,854 $154,767 $1,524,087
2016 $18,601 $1,601,120 $148,758 $1,452,362
2015 $18,240 $1,577,071 $146,524 $1,430,547
2014 $18,191 $1,546,179 $143,654 $1,402,525
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-292563

The MLS
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