NOT LISTED FOR SALE

122 S Cedar St Glendale, CA 91205

Citrus Grove Neighborhood
8 Beds
12 Baths
8,280 Sq Ft
7,241 Sq Ft Lot

Last Sold December 07, 2023

Last sale price $2,450,000 $296 Per Sq Ft

91 Days on Market

Highlights

  • 4 Car Garage
  • Floor Furnace
  • 2-minute walk to Glendale Heritage Garden
  • Laundry Room

About This Home

As of December 2023

*PRICE REDUCED by $550,000! *Charming Value-Add Opportunity: Over $800/Unit Rental Upside *Once in a Lifetime Opportunity: Legacy Property Owned by the Family for Over 40 Years *Walking Distance to the Americana at Brand & Glendale Galleria: WalkScore 95 *Priced To Sell at $250,000 Per Unit *Market Cap: 6.7% *Landlord Friendly City: Glendale's 7% Rent Ordinance Allows Higher Rent Increases Than the City of LA; Up to 8.8% Per State Law AB1482 *Glendale Is a Pro-Business City: Boasts No Gross Receipts or Business License Taxes *Not Subject to Mansion Tax * See Agent Remarks for Property Website. Rents shown in the OM rent roll are averages.

Last Agent to Sell the Property

Adrienne Barr

Berkadia License #01308753 Listed on: 08/08/2023

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,241 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 4 Car Garage

Interior Spaces

  • 8,280 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5674-010-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8280
  • Lot Acreage: 0.1662
  • Lot Dimensions: 50x150
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Room
  • Laundry Equipment: Own
  • Total Bathrooms: 12.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 362.32

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage - 4+ Car, Garage Is Detached
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Floor, Wall

Lot Info

  • Assessed Improvement Percent: 56.66
  • Assessed Improvement Value: 648937
  • Assessed Land Percent: 43.34
  • Assessed Land Value: 496311
  • Total Assessed Value: 1145248
  • Assessor Parcel Number: 5674-010-007
  • Lot Size Area: 7241

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.56
  • Number Of Units: 12
  • Type Of Units: income

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
12/07/2023 12/07/23 Sold $2,450,000 -18.3% $296 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
09/20/2023 09/20/23 Price Changed $3,000,000 -15.5% $362 / Sq Ft
08/08/2023 08/08/23 For Sale $3,550,000 -- $429 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $27,778 $2,499,000 $1,479,000 $1,020,000
2024 $27,778 $2,450,000 $1,450,000 $1,000,000
2023 $13,813 $1,168,152 $506,237 $661,915
2022 $13,582 $1,145,248 $496,311 $648,937
2021 $13,318 $1,122,793 $486,580 $636,213
2019 $12,833 $1,092,493 $472,149 $620,344
2018 $12,607 $1,071,132 $462,892 $608,240
2016 $11,933 $1,026,657 $444,918 $581,739
2015 $11,703 $1,011,236 $438,235 $573,001
2014 $11,677 $991,428 $429,651 $561,777
Source: Public Records

Agents Affiliated with this Home

  • Adrienne Barr

    Seller's Agent in 2023

    Adrienne Barr

    Berkadia

    (310) 909-0198

    1 in this area

    11 Total Sales

    Adrienne Barr
    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 23-299037

The MLS
California Los Angeles County Glendale 91205 Citrus Grove

122 S Cedar St, Glendale, CA

Not Listed for Sale

MultiFamily

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