NOT LISTED FOR SALE
1 Bed
1 Bath
5,297 Sq Ft
8,510 Sq Ft Lot

Sale Details

Date Sold: June 8, 2021

Last sale price $2,400,000 $453 Per Sq Ft

56 Days on Market

About This Home

As of June 2021

8 units located on 1317 E Wilson Avenue in Glendale, California. The property is well situated with easy access to the 2 and 134 freeways and less than two miles from premier shopping, dining and entertainment destinations of The Glendale Galleria and The Americana at Brand. A great opportunity for any investor and/or trade buyer to acquire a near stabilized asset who will appreciate great cash flow with a solid location and tenant base.

Last Agent to Sell the Property

Rick Ramirez

Ally Commercial Real Estate License #01964882 Listed on: 03/11/2021

Last Buyer's Agent

Ellen Kim

Dream Realty & Investments Inc License #01327886

Dream Realty & Investments Inc
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 8,510 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 5,297 Sq Ft Home
  • Property Attached
  • Copper Plumbing

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 1 Open Parking Space
  • 4 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 4792
  • Assessor Parcel Number 5645021018

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $1,033
  • Gardener Expense $1,440
  • Insurance Expense $1,854
  • Maintenance Expense $4,000
  • Pest Control $480
  • Professional Management Expense $6,418
  • Trash Expense $1,281
  • Water Sewer Expense $4,654
  • New Taxes Expense $29,839
  • Operating Expense $52,998
  • Gross Income $165,408
  • Net Operating Income $107,447

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

8,510 Sq Ft Lot

Listing Details

  • CapRate: 4.30
  • Professional Management Expense: 6418.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4654.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5645021018
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 453.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 1281.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8510.00
  • Lot Size Acres: 0.1954

Multi Family

  • Electric Expense: 1033.00
  • Gross Income: 165408.00
  • Gross Multiplier: 15.11
  • Gross Operating Income: 160446.00
  • Gross Scheduled Income: 165408.00
  • Insurance Expense: 1854.00
  • Lot Size Area: 8510.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 107447.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 52998.00
  • Operating Expense Percent: 32.00
  • Rent Control: Yes
  • Total Expenses: 52998.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29839.00
  • Tax Census Tract: 3020.04
  • Tax Lot: 2
  • Tax Tract Number: 4792

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
06/08/2021 06/08/21 Sold $2,400,000 -4.0% $453 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $2,500,000 -- $472 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,917 $2,597,835 $1,039,134 $1,558,701
2024 $28,649 $2,546,898 $1,018,759 $1,528,139
2023 $28,005 $2,496,960 $998,784 $1,498,176
2022 $27,529 $2,448,000 $979,200 $1,468,800
2021 $24,278 $2,144,402 $857,761 $1,286,641
2020 $23,937 $2,124,415 $848,966 $1,275,449
2019 $23,364 $2,082,800 $832,320 $1,250,480
2018 $22,975 $2,042,000 $816,000 $1,226,000
2016 $2,411 $159,759 $58,050 $101,709
2015 $2,375 $157,361 $57,179 $100,182
2014 $2,417 $154,279 $56,059 $98,220
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21051893

California Regional Multiple Listing Service (CRMLS)
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