NOT LISTED FOR SALE

122 E Chestnut St Glendale, CA 91205

Mariposa Neighborhood
10 Beds
9 Baths
20,465 Sq Ft
0.79 Acres

Last Sold November 29, 2018

Last sale price $7,450,000 $364 Per Sq Ft

9 Days on Market

Highlights

  • 0.79 Acre Lot
  • No HOA
  • Level Lot
  • Horace Mann Elementary School Rated A-
  • Laundry Room

About This Home

As of November 2018

Very unique opportunity to purchase 27 units in South Glendale two blocks from the Americana. The property needs to be seen to be appreciated. Extremely unique units and arguably one of the best areas of South Glendale. Family owned and operated for 32 years. Six buildings on two parcels. Unique unit mix of large one bedrooms, 2 bedrooms, and one-3 bedroom unit. Most units have front and back door entrances, washer dryer hookups, private access to the units and garage parking.

Do not disturb tenants. Tenants do not know property is for sale.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 10/08/2018

Keller Williams Realty/Pasadena

Last Buyer's Agent

Levon Alexanian

Keller Williams World Media Center License #00911091

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.79 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • 5641009007

Home Design

  • Property Attached

Interior Spaces

  • 20,465 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number 5641009006

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 27 Units

Amenities

  • Laundry Facilities

Building Details

  • 27 Leased Units
  • 27 Separate Electric Meters
  • 27 Separate Gas Meters
  • 24 Separate Water Meters
  • Electric Expense $2,529
  • Fuel Expense $3,258
  • Gardener Expense $2,160
  • Insurance Expense $10,800
  • Trash Expense $2,383
  • Water Sewer Expense $11,512
  • New Taxes Expense $78,078
  • Operating Expense $196,197
  • Gross Income $2,700
  • Net Operating Income $312,762

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 11512.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 5641009006
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 364.04

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2383.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5641009007
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 34582.00
  • Lot Size Acres: 0.7939

Multi Family

  • Electric Expense: 2529.00
  • Fuel Expense: 3258.00
  • Gross Income: 2700.00
  • Gross Scheduled Income: 522000.00
  • Insurance Expense: 10800.00
  • Laundry Income: 2700.00
  • Lot Size Area: 34582.0000 Square Feet
  • Maintenance Percent: 10.00
  • Net Operating Income: 312762.00
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 27
  • Number Of Separate Water Meters: 24
  • Number Of Units Leased: 27
  • Number Of Units Total: 27
  • Operating Expense: 196197.00
  • Rent Control: No
  • Total Actual Rent: 43500.00
  • Total Expenses: 196197.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 78078.00
  • Tax Census Tract: 3022.02
  • Tax Lot: 140

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
11/29/2018 11/29/18 Sold $7,450,000 +4.1% $364 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $7,155,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Lutz

    Seller's Agent in 2018

    Kevin Lutz

    Keller Williams Realty/Pasadena

    (626) 429-0685

    19 Total Sales

    Kevin Lutz
    Section Image
  • Levon Alexanian

    Buyer's Agent in 2018

    Levon Alexanian

    Keller Williams World Media Center

    (818) 219-3366

    21 Total Sales

    Levon Alexanian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18245969

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91205 Mariposa

122 E Chestnut St, Glendale, CA

Not Listed for Sale

MultiFamily

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