NOT LISTED FOR SALE
2 Beds
2 Baths
4,501 Sq Ft
9,603 Sq Ft Lot

Last Sold February 24, 2020

Last sale price $2,050,000 $455 Per Sq Ft

141 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Herbert Hoover High School Rated A-
  • Neighborhood Views
  • Laundry Room

About This Home

As of February 2020

1138 Western Avenue is a six-unit multi-family property ideally located in Glendale, CA, in Los Angeles County. Built in 1948, the property features 6 x 1 bedroom / 1 bath apartments. Recently upgraded, the property offers amenities such as energy efficient A/C, ceiling fans, onsite laundry room and rear garage parking. Easy ingress to the property is available via Western Avenue.

Last Agent to Sell the Property

Mark Domeyer

Lee & Associates Investment Se License #02044919 Listed on: 08/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,342

Year Built

  • Built in 1948

Lot Details

  • 9,603 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage
  • 1 Open Parking Space
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 4,501 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Neighborhood Views
  • Carbon Monoxide Detectors
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 11
  • Tax Tract Number 3196
  • Assessor Parcel Number 5623015015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $1,200
  • Insurance Expense $1,814
  • Maintenance Expense $3,000
  • Other Expense $140
  • Pest Control $480
  • Trash Expense $1,905
  • Security Expense $95
  • New Taxes Expense $23,342
  • Operating Expense $34,977
  • Gross Income $114,002
  • Net Operating Income $79,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,342

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security Expense: 95.00
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5623015015
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 455.45
  • Room Type: Kitchen

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 1905.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 6500-9999, Rectangular Lot, Paved, Walkstreet
  • Lot Size Sq Ft: 9603.00
  • Lot Size Acres: 0.2205

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Electric Expense: 3000.00
  • Gross Income: 114002.00
  • Gross Operating Income: 114002.00
  • Gross Scheduled Income: 115128.00
  • Insurance Expense: 1814.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 9603.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 79025.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 34977.00
  • Other Expense: 140.00
  • Other Expense Description: Cleaning
  • Other Income1: 1800.00
  • Other Income Description: Storage
  • Rent Control: Yes
  • Total Expenses: 34977.00

Tax Info

  • New Taxes Expense: 23342.00
  • Tax Census Tract: 3015.02
  • Tax Lot: 11
  • Tax Rate: 1.09
  • Tax Tract Number: 3196
  • Tax Annual Amount: 23342.00
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $2,050,000 -1.2% $455 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
12/16/2019 12/16/19 Price Changed $2,075,000 -1.2% $461 / Sq Ft
08/20/2019 08/20/19 For Sale $2,100,000 -- $467 / 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: AR19199296

California Regional Multiple Listing Service (CRMLS)