$4,240,000
SOLD JUN 17, 2025
5 Beds
4 Baths
10,295 Sq Ft
8,497 Sq Ft Lot

Recently Sold

$412 Per Sq Ft

1% Below List Price

1 Day on Market

Highlights

  • Laundry Room
  • Bike Trail
  • 1-Story Property

About This Home

As of June 2025

The building was built in 1986 with great floorplan of 10,295 sq ft over subterranean parking. The asset incorporates Central AC, gated access control and parking, and private balconies. A remarkable unit mix of (1) 3+2.5 approx 1,600 sq ft townhouse style unit with washer dryer inside the unit, and the remaining (8) units are all 2+2 with spacious floor plans. There is a significant rental upside due to the location, size and quality of the offering. Rarely is there turnover, the area feels like a historical vacancy-proof pocket. The current ownership has done a great job of managing the asset, recently replacing the roof, replacing all 9 AC units, replacing the garage gate along with motor and sensors and currently upgrading the intercom system to a Akuvox X912 with a C313W-2 in apartment touch screen audio and video display.Situated in the most sought-after part of Glendale, the 91207 zip code median home price is $1,800,000. Tenants enjoy the ability to walk to Trader Joe’s Coffee Bean, Walgreens in addition to a plethora local shops, cafes, eateries and services. 1 block away is the posh Mya rooftop restaurant and lounge which over looks the city’s skyline. There are also several school options within walking distance as well.Brand Boulevard, the cross street named after the city’s founder, is a host to major cooperate headquarters like New York Life & Service Titan along with others who employee several thousands. 1 mile from the subject property, tenants are at one of Los Angeles’s premier dining & shopping destinations, the Americana at Brand. Brand Boulevard has seen a major transformation since the inception of the Americana with a plethora of nightlife and entertainment.Well maintained, this ease of management asset will be a trophy in any investment portfolio.

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 04/29/2025

Keller Williams World Media Center

Last Buyer's Agent

Vic Parsekhian

Americana Real Estate Services License #01398749

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,497 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 10,295 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 5644011008
  • $1,338 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $73,603
  • Gross Income $23,720
  • Net Operating Income $205,344

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Price Per Unit: 475000
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5644011008
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 411.85

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8497.00
  • Lot Size Acres: 0.1951

Multi Family

  • Gross Income: 23720.00
  • Gross Scheduled Income: 284640.00
  • Lot Size Area: 8497.0000 Square Feet
  • Net Operating Income: 205344.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 73603.00
  • Rent Control: No
  • Total Expenses: 73603.00

Tax Info

  • Tax Census Tract: 3011.00
  • Tax Lot: 37
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 1338.00

Range of Values:

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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 Change Sq Ft Price
06/17/2025 06/17/25 Sold $4,240,000 -0.8% $412 / Sq Ft
04/30/2025 04/30/25 Pending -- -- --
04/29/2025 04/29/25 For Sale $4,275,000 +7.3% $415 / Sq Ft
08/23/2022 08/23/22 Sold $3,985,000 -7.3% $387 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $4,300,000 0.0% $418 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $4,300,000 -- $418 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25094328

California Regional Multiple Listing Service (CRMLS)