$9,750,000
SOLD MAY 7, 2025
3 Beds
4 Baths
17,541 Sq Ft
16,601 Sq Ft Lot

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
  • Entry on the 1st floor

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

0.38 Acres

Parking

35

Listing Details

  • 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
  • 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

Tax Info

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

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 $44,058 $9,026,510 $4,026,348 $5,000,162
2024 $44,058 $3,857,193 $2,467,713 $1,389,480
2023 $43,082 $3,781,563 $2,419,327 $1,362,236
2022 $42,353 $3,707,416 $2,371,890 $1,335,526
2021 $41,570 $3,634,723 $2,325,383 $1,309,340
2019 $40,012 $3,532,417 $2,256,412 $1,276,005
2018 $39,315 $3,463,263 $2,212,169 $1,251,094
2016 $37,377 $3,323,496 $2,126,269 $1,197,227
2015 $36,630 $3,273,575 $2,094,331 $1,179,244
2014 $36,426 $3,209,451 $2,053,306 $1,156,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25047444

California Regional Multiple Listing Service (CRMLS)
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