NOT LISTED FOR SALE
10 Beds
6 Baths
5,156 Sq Ft
6,700 Sq Ft Lot

Last Sold March 18, 2025

Last sale price $2,100,000 $407 Per Sq Ft

11 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Laundry Room
  • Herbert Hoover High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Mountainous Community

About This Home

As of March 2025

Stunning 5-Unit Building Above Glenoaks! 2 units will be delivered vacant! 5.71% CAP RATE! First time on the market in 41 years! Incredible investment opportunity in prime North of Glenoaks. 5-unit building offers a fantastic mix of comfortable living spaces and ample parking, making it a dream for both investors and future residents. Its unit mix consists of: (1) 3 Bed, 2 Bath with private yard (VACANT), (1) 2 Bed, 1 Bath (VACANT), (1)2 Bed,1 Bath Plus Den can be used as third bedroom, (1) 2 Bed, 1 Bath Largest floor plan with 400 SQFT private deck! 6 Parking spots with own laundry room on the first floor. Conveniently located in a sought-after area in Glendale 91201 North of Glenoaks Blvd, this property offers easy access to schools, shopping, dining, and transportation, making it highly attractive for renters. Act fast, as opportunities like this are rare!

Last Agent to Sell the Property

Arin Baroni

Windfall Realty Group Inc Brokerage Phone: 310-402-1797 License #01895781 Listed on: 01/27/2025

Last Buyer's Agent

Arthur Mangassarian

Re/Max Tri-City Realty License #00751703

Re/Max Tri-City Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 6,701 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 50th floor

Interior Spaces

  • 5,156 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Mountain Views
  • Six Burner Stove
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Tax Lot 30
  • Tax Tract Number 4198
  • Assessor Parcel Number 5623016007
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Mountainous Community

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Gardener Expense $2,100
  • Insurance Expense $6,500
  • Maintenance Expense $5,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $21,600
  • Operating Expense $39,200
  • Net Operating Income $102,715

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

6,701 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.71
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 5623016007
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 50
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 407.29

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • 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: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6701.00
  • Lot Size Acres: 0.1538

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Electric Expense: 2000.00
  • Gross Multiplier: 12.30
  • Gross Scheduled Income: 143604.00
  • Insurance Expense: 6500.00
  • Lot Size Area: 6701.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 102715.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Rent Control: No
  • Total Expenses: 39200.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21600.00
  • Tax Census Tract: 3015.02
  • Tax Lot: 30
  • Tax Tract Number: 4198
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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
03/18/2025 03/18/25 Sold $2,100,000 +16.7% $407 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $1,799,999 -- $349 / 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 $6,862 $559,373 $207,170 $352,203
2024 $6,862 $548,406 $203,108 $345,298
2023 $6,723 $537,654 $199,126 $338,528
2022 $6,613 $527,113 $195,222 $331,891
2021 $6,481 $516,779 $191,395 $325,384
2019 $6,256 $501,453 $185,719 $315,734
2018 $6,097 $491,622 $182,078 $309,544
2016 $5,741 $472,533 $175,008 $297,525
2015 $5,634 $465,436 $172,380 $293,056
2014 $5,620 $456,320 $169,004 $287,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25019221

California Regional Multiple Listing Service (CRMLS)
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