$3,199,000

Estimated payment $20,495/month

Total Views 4,452
10 Beds
8 Baths
7,089 Sq Ft
$451 Price per Sq Ft

Highlights

  • Property is near public transit
  • Laundry Room
  • Level Lot
  • Herbert Hoover High School Rated A-

About This Home

8-Units located in prime Glendale area. A great investment opportunity with an upside in rental income potential. 3(2+2), 3(2+1), 2(1+1) - Garden-style 2-story apartment building, well-maintained property, requiring low maintenance and upkeep. Close to shopping, entertainment, The Americana at Brand and the Glendale Galleria. Brand Park, Kenneth Village and close to City of Burbank. Centrally located with easy access to freeways. Coin laundry in the complex. Glendale is one of the most desirable cities for investments.

Listing Agent

Ani Eskandarian

Coldwell Banker Hallmark Brokerage Phone: 818-321-0008 License #01236101 Listed on: 04/30/2025

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,981 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Parking Available

Home Design

  • 7,089 Sq Ft Home
  • Apartment
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Property is near public transit
  • Private Water Source

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 5645
  • Assessor Parcel Number 5623012005

Community Details

Overview

  • 8 Units
  • Not Applicable 105 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Fuel Expense $2,417
  • Gardener Expense $1,200
  • Insurance Expense $4,318
  • Maintenance Expense $5,500
  • Trash Expense $3,717
  • Water Sewer Expense $2,802
  • Operating Expense $54,548
  • Gross Income $234,600
  • Net Operating Income $180,082

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 5.60
  • Price Per Unit: 399875
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Water Sewer Expenses: 2802.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5623012005
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 451.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3717.00
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Sq Ft: 7981.00
  • Lot Size Acres: 0.1832

Multi Family

  • Electric Expense: 2000.00
  • Fuel Expense: 2417.00
  • Gross Income: 234600.00
  • Gross Multiplier: 1364.00
  • Gross Operating Income: 234600.00
  • Gross Scheduled Income: 234600.00
  • Insurance Expense: 4318.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1500.00
  • Lot Size Area: 7981.0000 Square Feet
  • Maintenance Expense: 5500.00
  • Net Operating Income: 180082.10
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 54548.00
  • Rent Control: Yes
  • Total Actual Rent: 232800.00
  • Total Expenses: 54548.00

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 5645

Map

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
04/30/2025 04/30/25 For Sale $3,199,000 +34.2% $451 / Sq Ft
01/26/2018 01/26/18 Sold $2,383,000 0.0% $336 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
10/30/2017 10/30/17 Off Market $2,383,000 -- --
09/22/2017 09/22/17 For Sale $2,695,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25093692

California Regional Multiple Listing Service (CRMLS)