$2,395,000

Estimated payment $14,612/month

5 Beds
4 Baths
5,671 Sq Ft
$422 Price per Sq Ft

About This Home

Well-maintained 5-unit apartment complex located above Glenoaks in one of Glendale's desirable residential neighborhoods. The property has been thoughtfully maintained and features new electrical panels, 3 of 5 units recently remodeled and a newer roof. The unit mix includes a spacious owner's unit with 3 bedrooms and 2 bathrooms, complete with a large private patio offering beautiful views. The remaining four units are well-designed 2-bedroom, 2-bathroom townhomes, each featuring private balconies that provide abundant natural light and outdoor living space. This is an excellent investment opportunity with a highly desirable unit mix, strong owner-user potential, and quality capital improvements already in place.

Listing Agent

David Nalbandyan

LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296 Listed on: 07/14/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 6,571 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,671 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 4411
  • Assessor Parcel Number 5623018003

Community Details

Recreation

  • Park
  • Dog Park

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $2,718
  • Gardener Expense $1,200
  • Insurance Expense $12,477
  • Maintenance Expense $3,000
  • Trash Expense $3,880
  • Water Sewer Expense $3,586
  • Operating Expense $55,305
  • Gross Income $168,792
  • Net Operating Income $110,130

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

6,571 Sq Ft Lot

Parking

7

Listing Details

  • CapRate: 4.65
  • Property Attached: No
  • Water Sewer Expenses: 3586.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5623018003
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 422.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3880.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6571.00
  • Lot Size Acres: 0.1508

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 1500.00
  • Fuel Expense: 2718.00
  • Gross Income: 168792.00
  • Gross Multiplier: 14.09
  • Gross Scheduled Income: 168792.00
  • Insurance Expense: 12477.00
  • Lot Size Area: 6571.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 110130.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 56486.00
  • Rent Control: Yes
  • Total Expenses: 55305.00

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 4411

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,827 $2,040,000 $1,315,800 $724,200
2024 $8,388 $678,729 $255,831 $422,898
2023 $8,216 $665,421 $250,815 $414,606
2022 $8,081 $652,375 $245,898 $406,477
2021 $7,924 $639,584 $241,077 $398,507
2020 $7,817 $638,177 $238,606 $399,571
2019 $7,645 $625,766 $233,928 $391,838
2018 $7,452 $613,598 $229,342 $384,256
2016 $7,033 $584,824 $220,438 $364,386
2015 $6,901 $576,040 $217,127 $358,913
2014 $6,874 $564,757 $212,874 $351,883
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
07/14/2026 07/14/26 For Sale $2,395,000 -- $422 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

About the Listing Agent

David Nalbandyan

LA Premier Realty

(747) 318-5013

Section Image

David Nalbandyan is a UCLA graduate and licensed Real Estate Broker with over 18 years of experience representing luxury homes and investment properties across Los Angeles. As the cofounder of LA Premier Realty, established in 2013, David has built a boutique brokerage known for its discretion, integrity, and results-driven approach.

With a professional background in accounting and finance (former CPA), David brings a level of analytical insight that sets him apart in the competitive Los

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB26146026

California Regional Multiple Listing Service (CRMLS)
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