NOT LISTED FOR SALE
14 Beds
14 Baths
6,952 Sq Ft
7,205 Sq Ft Lot

Last Sold March 16, 2022

Last sale price $3,750,000 $539 Per Sq Ft

22 Days on Market

Highlights

  • Dumbwaiter
  • Wood Flooring
  • Laundry Room
  • Herbert Hoover High School Rated A-
  • Balcony
  • Central Heating and Cooling System

About This Home

As of March 2022

We are proud to present The Winchester Oaks Apartments, a marvelous Eight (8) unit multi family investment opportunity. Built in 1989 and located on a quiet street in the heart of Glendale. This well-maintained two story structure offers dedicated parking for each unit. A great unit mix consisting of 6 (2BD+2BA) and 2 large (1BD+1BA) units. Many of the units have been upgraded and each unit is appx. 900 sqft. All units have at least one balcony and street facing units have multiple balconies. Additionally, The Winchester Oaks offers all copper plumbing, New fresh paint, Updated Kitchens and Bathroom vanities, and all wood laminate floors. Each unit has a washer/dryer inside with central HVAC. With a combined building income of $17,535. All but one unit is on month to month agreements, leaving substantial upside for income. In addition to its superb characteristics, the property is within close proximity to the Grocery Stores, Schools, Banks, Freeway access, and Brand Park. With ease of management and strong upside in rents, The Winchester Oaks offers an investor to take over an exceptional, low-maintenance asset.

Last Agent to Sell the Property

Vic Parsekhian

Americana Real Estate Services License #01398749 Listed on: 01/18/2022

Last Buyer's Agent

Sean Madadian

Magic Realty License #01066622

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • 7,205 Sq Ft Lot
  • 1 Common Wall

Parking

  • 12 Car Garage
  • Parking Available
  • Controlled Entrance
  • Community Parking Structure

Home Design

  • 6,952 Sq Ft Home
  • Property Attached
  • Frame Construction

Kitchen

  • Dumbwaiter
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5623014006

Community Details

Overview

  • 8 Units
  • Not Applicable 105 Subdivision

Building Details

  • 7 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,110
  • Maintenance Expense $6,000
  • Other Expense $502
  • Trash Expense $2,466
  • Water Sewer Expense $5,100
  • New Taxes Expense $44,437
  • Net Operating Income $143,826

Property Details

Home Type

Multi-Family

Year Built

Built in 1989 | Remodeled

Lot Details

0

Parking

12

Listing Details

  • Assessments: No
  • Price Per Unit: 468750
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 5100.00
  • Zoning: GLR4YY
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5623014006
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Dumbwaiter
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 539.41

Exterior Features

  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Controlled Entrance, Community Structure
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range, Dishwasher, Disposal
  • Heating Type: Natural Gas, Central
  • Laundry Features: Inside, Dryer Included, Washer Included
  • Trash Expense: 2466.00
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 7205.00
  • Lot Size Acres: 0.1600

Multi Family

  • Average1 Bed Area: 776
  • Average2 Bed Area: 900
  • Insurance Expense: 2110.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7205.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 143826.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Operating Expense: 66557.00
  • Other Expense: 502.00

Tax Info

  • New Taxes Expense: 44437.00

Range of Values:

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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 Change Sq Ft Price
03/16/2022 03/16/22 Sold $3,750,000 -5.0% $539 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $3,949,000 -- $568 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320009011

California Regional Multiple Listing Service (CRMLS)