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

Sale Details

Date 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
  • 5 Car Garage

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 in unit

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

9,603 Sq Ft Lot

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

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
Aug 20, 2019
Closed on
Mar 24, 2020
Sold by
Bought by
Seller's Agent
Mark Domeyer
Lee & Associates Investment Se
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
0.034%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 20, 2019
Closed on
Feb 20, 2020
Sold by
Bought by
Seller's Agent
Mark Domeyer
Lee & Associates Investment Se
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
0.034%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 20, 2019
Closed on
Feb 4, 2020
Sold by
Bought by
Seller's Agent
Mark Domeyer
Lee & Associates Investment Se
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
0.034%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,110,000
Interest Rate
0.044%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 20, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,110,000
Interest Rate
0.044%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 1, 2010
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Fidelity National Title
$2,050,000 Fidelity National Title
$545,000 Chicago Title
-- Fidelity National Title
$1,675,000 Fidelity National Title
-- 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 $995,000
Previous Owner $535,128
Previous Owner $1,110,000
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
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

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 $25,061 $2,241,969 $896,788 $1,345,181
2024 $24,827 $2,198,009 $879,204 $1,318,805
2023 $24,271 $2,154,912 $861,965 $1,292,947
2022 $23,859 $2,112,660 $845,064 $1,267,596
2021 $23,455 $2,071,237 $828,495 $1,242,742
2020 $19,807 $1,745,670 $697,068 $1,048,602
2019 $19,336 $1,711,500 $683,400 $1,028,100
2018 $2,297 $149,475 $46,515 $102,960
2016 $2,111 $140,788 $44,709 $96,079
2015 $2,080 $138,674 $44,038 $94,636
2014 $2,110 $135,959 $43,176 $92,783
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)
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