NOT LISTED FOR SALE
8 Beds
12 Baths
8,280 Sq Ft
7,241 Sq Ft Lot

Sale Details

Date Sold: December 7, 2023

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

91 Days on Market

Highlights

  • 4 Car Garage
  • Floor Furnace
  • 1-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

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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

7,241 Sq Ft Lot

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

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

Listed on
Aug 8, 2023
Closed on
Dec 4, 2023
Sold by
Wade 2000 Family Trust
Bought by
Seller's Agent
Adrienne Barr
Berkadia
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$3,550,000
Sold Price
$2,450,000
Premium/Discount to List
-$1,100,000
-30.99%
Views
85

Purchase Details

Closed on
Jul 3, 2007
Sold by
Wade Patrick J and Wade Christina T
Bought by
Wade Patrick J

Purchase Details

Closed on
Sep 6, 2002
Sold by
Berman Gene A
Bought by
Wade Patrick J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,450,000 First American Title Insurance
Wade Patrick J -- None Available
Wade Patrick J -- North American Title Co
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
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

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
2026 $28,054 $2,548,980 $1,508,580 $1,040,400
2025 $28,054 $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

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Map

Source: The MLS

MLS Number: 23-299037

The MLS
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