A
Seller's Agent in 2022
Anntim Vulchev
Society Realty
(818) 912-7770
1 in this area
43 Total Sales
113 S Cedar St Glendale, CA 91205
Citrus Grove Neighborhood
12
Beds
12
Baths
4,770
Sq Ft
7,131
Sq Ft Lot
Highlights
- Gated Parking
- Cooling System Mounted To A Wall/Window
- Wrought Iron Fence
- Lawn
- Laundry Room
- 2-minute walk to Glendale Heritage Garden
About This Home
As of March 2022Exceptional opportunity to own a well-maintained six (6) - unit property built in 1984 and centrally located on a quiet street just blocks away from Glendale's civic center. Each of the six units features 2 Beds/2 Baths, with a total of 4770 SF of living space. The two-story property is sited on an ample 7,131 SF lot with convenient alley access to the rear, and 11 parking spaces for the residents, in addition to an on-site laundry room with storage room.The building features a newer roof (May, 2018), and the units are upgraded upon turnover. Four of the units are month to month, with the other two having signed recent leases. In addition, all the monthly rents are low compared to market. Current annual gross income is $136,440, with an immediate potential for $148,400. In the midterm, even assuming a conservative market figure, total income rises to nearly $170,000 annual gross.In addition to the building's excellent characteristics, the location is superb. Glendale is already, and increasingly, a highly-desired market given its central location just north of DTLA, safe streets, recreation and employment opportunities, and high-ranking schools. The property is located on a quieter street, and residents have easy access to abundant shopping and amenities. The Civic Center is five blocks away, the Americana is less than 1 mile away, and Glendale Adventist Medical Center, Glendale High School, freeway access, and downtown Glendale are all about 1 mile away.
Last Agent to Sell the Property
Society Realty License #01902312 Listed on: 02/13/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 7,131 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Wrought Iron Fence
- Lawn
Parking
- 11 Car Garage
- Parking Available
- Gated Parking
- Assigned Parking
Home Design
- Apartment
- Asphalt Roof
- Stucco
Interior Spaces
- 4,770 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Community Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $700
- Fuel Expense $300
- Gardener Expense $600
- Insurance Expense $2,160
- Maintenance Expense $3,000
- Pest Control $600
- Trash Expense $2,880
- Water Sewer Expense $5,300
- New Taxes Expense $25,300
- Operating Expense $40,840
- Gross Income $136,440
- Net Operating Income $95,600
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 7
- Tax Tract Number 302
- Assessor Parcel Number 5674009011
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2022 03/21/22 | Sold | $2,550,000 | +16.0% | $535 / Sq Ft |
| 03/01/2022 03/01/22 | Pending | -- | -- | -- |
| 02/13/2022 02/13/22 | For Sale | $2,199,000 | -- | $461 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $29,758 | $2,706,080 | $1,857,114 | $848,966 |
| 2024 | $29,758 | $2,653,020 | $1,820,700 | $832,320 |
| 2023 | $29,087 | $2,601,000 | $1,785,000 | $816,000 |
| 2022 | $9,333 | $773,767 | $310,224 | $463,543 |
| 2021 | $9,161 | $758,596 | $304,142 | $454,454 |
| 2019 | $8,912 | $738,598 | $295,122 | $443,476 |
| 2018 | $8,681 | $724,166 | $289,336 | $434,830 |
| 2016 | $8,213 | $693,644 | $278,101 | $415,543 |
| 2015 | $8,057 | $683,226 | $273,924 | $409,302 |
| 2014 | $8,026 | $669,844 | $268,559 | $401,285 |
Source: Public Records
Agents Affiliated with this Home
-
Anntim Vulchev
-
Monica An
Seller Co-Listing Agent in 2022
Monica An
Society Realty
(818) 823-3542
1 in this area
71 Total Sales
-
Stacy Petrossian
Buyer's Agent in 2022
Stacy Petrossian
Dilbeck Real Estate
(818) 458-3718
1 in this area
46 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-8274
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