NOT LISTED FOR SALE
10 Beds
9 Baths
20,465 Sq Ft
0.79 Acre Lot

Sale Details

Date 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-

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

  • 34,582 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • 5641009007

Home Design

  • Property Attached

Interior Spaces

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

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

0.79 Acres

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2023
Sold by
Bought by

Purchase Details

Listed on
Oct 8, 2018
Closed on
Oct 29, 2018
Sold by
Bought by
Seller's Agent
Kevin Lutz
Keller Williams Realty/Pasadena
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$7,155,000
Sold Price
$7,450,000
Premium/Discount to List
$295,000
4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,300,000
Interest Rate
0.048%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
$7,450,000 North American Title Company
-- Chicago Title Company
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $5,361,000
Previous Owner $4,300,000
Previous Owner $3,000,000
Previous Owner $2,665,000
Previous Owner $2,520,000
Previous Owner $634,000
Previous Owner $514,000
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
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

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 $43,683 $3,910,446 $1,952,156 $1,958,290
2024 $49,386 $4,413,000 $2,762,000 $1,651,000
2023 $42,128 $3,758,601 $1,876,352 $1,882,249
2022 $41,413 $3,684,904 $1,839,561 $1,845,343
2021 $40,697 $3,612,652 $1,803,492 $1,809,160
2019 $39,157 $3,505,500 $1,750,000 $1,755,500
2018 $9,486 $770,740 $604,950 $165,790
2017 $9,309 $755,629 $593,089 $162,540
2016 $8,939 $740,813 $581,460 $159,353
2015 $8,772 $729,686 $572,726 $156,960
2014 $8,783 $715,394 $561,508 $153,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18245969

California Regional Multiple Listing Service (CRMLS)
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