NOT LISTED FOR SALE

Estimated Value: $1,300,000 - $1,725,039

4 Beds
4 Baths
2,909 Sq Ft
$541/Sq Ft Est. Value

Last Sold April 12, 2017

Last sale price $4,400,000 $1,513 Per Sq Ft

Current estimated payment $9,408/month

112 Days on Market

Highlights

  • 22,735 Sq Ft lot
  • Carpet
  • Wall Furnace
  • Traditional Architecture

About This Home

As of April 2017

Investors take a look at this opportunity!! 3 parcels, 16 total units in Glendale. Three buildings, all occupied and professionally managed. Great unit mix of eight 2 bedrooms/1 bath units and eight 1 bedrooms/1 bath units. Rents are low. Currently there is one Section 8 tenant. A few of the units have been updated. Drive by only. Please do NOT disturb tenants. Possibly development site with density bonus. Owner may carry.

Last Agent to Sell the Property

Michael Shaar

Re/Max Tri-City Realty License #01126958 Listed on: 12/19/2016

Re/Max Tri-City Realty

Last Buyer's Agent

Michael Shaar

Re/Max Tri-City Realty License #01126958 Listed on: 12/19/2016

Re/Max Tri-City Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.52

Home Design

  • Traditional Architecture
  • Property Attached

Parking

  • Parking Available
  • Parking Lot

Utilities

  • Wall Furnace
  • Water Heater

Additional Features

  • Carpet
  • 0.52 Acre Lot

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 5645006005

Community Details

Overview

  • Not Applicable 1007242 Subdivision

Building Details

  • 16 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: GLR4YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5645006005
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Heating: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace

Lot Info

  • Lot Size Sq Ft: 22735.00

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Scheduled Income: 251184.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2016
Closed on
Mar 28, 2017
Sold by
Woody Enterprises Inc
Bought by
Sig Property Investments Llc
Seller's Agent
Michael Shaar
Re/Max Tri-City Realty
Buyer's Agent
Michael Shaar
Re/Max Tri-City Realty
List Price
$4,400,000
Sold Price
$4,400,000
Current Estimated Value
$1,572,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,827,490
Avg. Annual Appreciation
-11.12%
Original Mortgage
$825,000
Outstanding Balance
$685,583
Interest Rate
4.16%
Mortgage Type
Seller Take Back
Estimated Equity
$886,927
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Sig Property Investments Llc $1,100,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sig Property Investments Llc $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2017 04/12/17 Sold $4,400,000 0.0% $1,513 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
12/19/2016 12/19/16 For Sale $4,400,000 -- $1,513 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $14,022 $1,276,640 $696,348 $580,292
2024 $14,022 $1,251,609 $682,695 $568,914
2023 $13,705 $1,227,068 $669,309 $557,759
2022 $13,468 $1,203,009 $656,186 $546,823
2021 $13,235 $1,179,421 $643,320 $536,101
2019 $12,732 $1,144,440 $624,240 $520,200
2018 $12,448 $1,122,000 $612,000 $510,000
2016 $1,379 $107,976 $43,630 $64,346
2015 $1,355 $106,355 $42,975 $63,380
2014 $1,367 $104,273 $42,134 $62,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316011322

Pasadena-Foothills Association of REALTORS®

APN: 5645-006-003