K
Seller's Agent in 2016
Kristy Elaine
Redfin
1243 Stanley Ave Glendale, CA 91206
Citrus Grove Neighborhood
5
Beds
5
Baths
27,000
Sq Ft
0.57
Acre Lot
Highlights
- 24,652 Sq Ft lot
- Laundry Room
- 5-minute walk to Wilson Mini Park
- Subterranean Parking
- Central Heating and Cooling System
About This Home
As of March 2016This sprawling Spanish Villa style property is comprised of 33 Apartment Homes. This immaculately maintained trophy asset is located in the coveted Southern California community of Glendale. Flanked by lush landscaping, it exemplifies a sense of serenity and privacy within the access controlled campus like setting. This non rent controlled property was constructed by the seller in 1986 and features an excellent unit mix: 12 - 1 Bedroom + 1 Bathroom units, 18 - 2 Bedroom + 2 Bathroom units, and 3 - 2 Bedroom + 2 Bathroom Town home units. Rents are approximately 20% below market, which could provide investors with a significant re-positioning opportunity. Pro forma cap rate is 4.62% and Pro forma GRM is 14.27. Please drive by only. Do not walk on the property grounds, or disturb tenants. We are showing this asset with an accepted offer only. All submitted offers should be accompanied by proof of funds.
Last Agent to Sell the Property
Kristy Elaine
Redfin License #01948906 Listed on: 10/26/2015
Last Buyer's Agent
Kristy Elaine
Redfin License #01948906 Listed on: 10/26/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.57
Interior Spaces
- 27,000 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 55 Parking Spaces
- Subterranean Parking
Additional Features
- 24,652 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 33 Units
Listing and Financial Details
- Assessor Parcel Number 5645-003-080
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
Aug 14, 2025
Sold by
Bought by
Purchase Details
Listed on
Oct 26, 2015
Closed on
Mar 18, 2016
Sold by
Bought by
Seller's Agent
Kristy Elaine
Redfin
Buyer's Agent
Kristy Elaine
Redfin
List Price
$10,725,000
Sold Price
$10,475,000
Premium/Discount to List
-$250,000
-2.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,310,000
Interest Rate
0.0365%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Chicago Title Company | ||
| $10,475,000 | Lawyers Title |
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 |
|---|---|---|---|
| Closed | $7,390,000 | ||
| Closed | $6,570,000 | ||
| Closed | $5,310,000 | ||
| Closed | $3,153,000 |
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 |
|---|---|---|---|---|
| 03/24/2016 03/24/16 | Sold | $10,475,000 | -2.3% | $388 / Sq Ft |
| 01/07/2016 01/07/16 | Pending | -- | -- | -- |
| 10/26/2015 10/26/15 | For Sale | $10,725,000 | -- | $397 / 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 |
|---|---|---|---|---|
| 2025 | $137,644 | $12,400,274 | $4,942,351 | $7,457,923 |
| 2024 | $135,090 | $12,157,133 | $4,845,443 | $7,311,690 |
| 2023 | $132,015 | $11,918,759 | $4,750,435 | $7,168,324 |
| 2022 | $129,757 | $11,685,059 | $4,657,290 | $7,027,769 |
| 2021 | $127,503 | $11,455,941 | $4,565,971 | $6,889,970 |
| 2019 | $122,626 | $11,124,903 | $4,430,543 | $6,694,360 |
| 2018 | $120,845 | $10,906,940 | $4,343,670 | $6,563,270 |
| 2016 | $44,930 | $3,970,478 | $873,093 | $3,097,385 |
| 2015 | $44,037 | $3,910,839 | $859,979 | $3,050,860 |
| 2014 | $43,844 | $3,834,232 | $843,134 | $2,991,098 |
Source: Public Records
Agents Affiliated with this Home
-
-
Larry Cannizzaro
L
Seller Co-Listing Agent in 2016
Larry Cannizzaro
Lawrence Frank Cannizzaro
(310) 963-4870
3 Total Sales
Map
Source: The MLS
MLS Number: 15-953885
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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