NOT LISTED FOR SALE
3 Beds
2 Baths
5,760 Sq Ft
7,667 Sq Ft Lot

Last Sold October 08, 2019

Last sale price $2,200,000 $382 Per Sq Ft

81 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Glendale Heritage Garden

About This Home

As of October 2019

With a Walk score of 94 this is an opportunity to re position this prime location, 8 unit apartment building. Competitive properties with unit amenities like in-unit washer dryers, energy efficient windows, wall-to-wall wood floors, stainless steel appliances, re[glazed counter tops, and brushed nickel fixtures indicate a significant premium of over $500 per unit per month in comparison to the subject property. Investors have the opportunity of enhancing the properties in their portfolio and earn a value-add return.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 05/27/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,667 Sq Ft Lot
  • 1 Common Wall
  • Density is 36-40 Units/Acre

Home Design

  • 5,760 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Laundry Room
  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5674
  • Tax Tract Number 9
  • Assessor Parcel Number 5674009018

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

7,667 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5674009018
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 381.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 7666.56
  • Lot Size Acres: 0.1760
  • Latitude Manual: 34.14534100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2304.00
  • Lot Size Area: 0.1760 Acres
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Rent Control: Yes

Tax Info

  • Tax Lot: 5674
  • Tax Tract Number: 009
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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
10/08/2019 10/08/19 Sold $2,200,000 -12.0% $382 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
06/26/2019 06/26/19 Price Changed $2,500,000 -9.1% $434 / Sq Ft
05/27/2019 05/27/19 For Sale $2,750,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19124931

California Regional Multiple Listing Service (CRMLS)
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