$4,300,000
SOLD NOV 4, 2024 RENTED MAY 20, 2025
2 Beds
2 Baths
9,524 Sq Ft
8,565 Sq Ft Lot

Recently Sold

$451 Per Sq Ft

2% Below List Price

Highlights

  • Laundry Room
  • Herbert Hoover High School Rated A-
  • Rectangular Lot

About This Home

As of November 2024

We are proud to represent this 10 unit apartment building in Glendale.
The building was constructed in 1989. Its unit mix consists entirely of (10) 2+2 units. With a lot size of 8,585 square feet, the property has a total of 9,524 rentable square feet.
The property is situated on a beautiful tree-lined street located above Glenoaks Blvd and has tremendous upside in existing rents. It has been well-maintained by a long-term owner. The tenants enjoy subterranean parking, central a/c, balconies, and fireplaces.
Property has an assumable loan of 756,000 at 3.5% interest fixed until 10/1/28.
The building is centrally located within the Glendale Unified School District and is only a short 10 minute walk to Herbert Hoover High School and Eleanor J. Toll Middle School; it is also less than a 10 minute drive to Balboa Elementary School. There are nearby speciality schools, from dual language schools to technology magnet schools and arts and performance schools. Glendale Unified School District schools consistently rank well within California and even on the national level.

Last Agent to Sell the Property

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 11/04/2024

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 11/04/2024

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,565 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 20 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 9,524 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 3131
  • Assessor Parcel Number 5633022019
  • $1,256 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Fuel Expense $493
  • Insurance Expense $5,714
  • Trash Expense $5,941
  • Water Sewer Expense $6,847
  • Operating Expense $71,087
  • Gross Income $267,588
  • Net Operating Income $189,973

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

20

Listing Details

  • Price Per Unit: 440000
  • Property Attached: Yes
  • Water Sewer Expenses: 6847.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5633022019
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 451.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5941.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8565.00
  • Lot Size Acres: 0.1966

Multi Family

  • Fuel Expense: 493.00
  • Gross Income: 267588.00
  • Gross Scheduled Income: 267588.00
  • Insurance Expense: 5714.00
  • Lot Size Area: 8565.0000 Square Feet
  • Net Operating Income: 189973.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 71087.00
  • Rent Control: No
  • Total Expenses: 71087.00

Tax Info

  • Tax Census Tract: 3012.03
  • Tax Lot: 19
  • Tax Tract Number: 3131
  • TaxOtherAnnualAssessmentAmount: 1256.00

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
05/20/2025 05/20/25 Rented $2,900 0.0% --
05/20/2025 05/20/25 Under Contract -- -- --
05/20/2025 05/20/25 For Rent $2,900 0.0% --
11/04/2024 11/04/24 Sold $4,300,000 -2.3% $451 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $4,400,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24227085

California Regional Multiple Listing Service (CRMLS)