$9,750,000
SOLD MAY 7, 2025

1140 Stanley Ave Glendale, CA 91206

Citrus Grove Neighborhood
3 Beds
4 Baths
17,541 Sq Ft
0.38 Acres

Recently Sold

$556 Per Sq Ft

7% Below List Price

21 Days on Market

Highlights

  • 0.38 Acre Lot
  • Laundry Room
  • 3-minute walk to Wilson Mini Park
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2025

Welcome to 1140-1142 Stanley Ave. * 23 Well Kept Units * 9 Large 2Bed/2Bath * 13 Large 1Bed/1Bath * 1 Single * 1984 Built * All Have Central A/C & Heat * Community Laundry * Some Units Have Private Patios * 35 Parking Spaces

Last Agent to Sell the Property

Artin Sarkissian

The Art In Real Estate Brokerage Phone: 818-437-2433 License #01722942 Listed on: 03/04/2025

Co-Listed By

Arthur Mangassarian

Re/Max Tri-City Realty Brokerage Phone: 818-437-2433 License #00751703

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 35 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 17,541 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3062
  • Assessor Parcel Number 5645016020

Community Details

Overview

  • No Home Owners Association
  • 23 Units

Amenities

  • Laundry Facilities

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Fuel Expense $5,000
  • Gardener Expense $2,200
  • Insurance Expense $12,000
  • Professional Management Expense $30,500
  • Trash Expense $4,300
  • Water Sewer Expense $4,000
  • Operating Expense $199,700
  • Gross Income $686,280
  • Net Operating Income $465,992

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

35

Listing Details

  • Price Per Unit: 455435
  • Professional Management Expense: 30500.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4000.00
  • Zoning: GLR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2200.00
  • Parcel Number: 5645016020
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 555.84

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 35.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 35.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16602.00
  • Lot Size Acres: 0.3811

Multi Family

  • Electric Expense: 6000.00
  • Fuel Expense: 5000.00
  • Gross Income: 686280.00
  • Gross Operating Income: 665692.00
  • Gross Scheduled Income: 686280.00
  • Insurance Expense: 12000.00
  • Laundry Income: 3600.00
  • Lot Size Area: 16602.0000 Square Feet
  • Net Operating Income: 465992.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 23
  • Number With Range: 23
  • Operating Expense: 199700.00
  • Rent Control: No
  • Total Expenses: 199700.00
  • Vacancy Allowance: 20588

Tax Info

  • Tax Census Tract: 3020.04
  • Tax Lot: 3
  • Tax Tract Number: 3062

Range of Values:

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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
05/07/2025 05/07/25 Sold $9,750,000 -6.9% $556 / Sq Ft
03/04/2025 03/04/25 For Sale $10,475,000 -- $597 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Artin Sarkissian

    Seller's Agent in 2025

    Artin Sarkissian

    The Art In Real Estate

    (818) 437-2433

    4 in this area

    232 Total Sales

    Artin Sarkissian
    Section Image
  • Arthur Mangassarian

    Seller Co-Listing Agent in 2025

    Arthur Mangassarian

    RE/MAX

    (818) 409-0040

    3 in this area

    51 Total Sales

    Arthur Mangassarian
    Section Image
  • Rick Raymundo

    Buyer's Agent in 2025

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    1 in this area

    68 Total Sales

    Rick Raymundo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25047444

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91206 Citrus Grove

1140 Stanley Ave, Glendale, CA

This home is located at 1140 Stanley Ave, Glendale, CA 91206 and is currently priced at $9,750,000, approximately $555 per square foot. This property was built in 1984. 1140 Stanley Ave is a home located in Los Angeles County with nearby schools including John Marshall Elementary School, Woodrow Wilson Middle School, and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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