$3,499,999

Estimated payment $21,490/month

Total Views 700
3 Beds
8 Baths
4,836 Sq Ft
$724 Price per Sq Ft

About This Home

Unique and Prime investment opportunity to purchase 13 units built in 1982, desirable Glendale area. Pride of ownership. Current rents are about $324000 a year. Eight 1 bed 1 bath, Five single. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl.
This 13 units is truly one of a kind and great investment. Has copper plumbing, newer roof, updated windows, convenient coin operated laundry and wall A/C’s. Everything in this area sells quickly, priced right and will not last long in this market.

Listing Agent

Vartan Markarian

Markarian Realty Brokerage Email: MarkarianRealty@gmail.com License #01059771 Listed on: 07/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,922

Year Built

  • Built in 1982

Lot Details

  • 8,029 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,836 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 5680
  • Assessor Parcel Number 5680002031
  • $777 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $8,400
  • Fuel Expense $8,400
  • Insurance Expense $9,000
  • Trash Expense $3,000
  • Water Sewer Expense $8,400
  • Operating Expense $83,100
  • Gross Income $1,200
  • Net Operating Income $249,300

Additional Features

  • 13 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,922

Year Built

Built in 1982

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 269231
  • Property Attached: Yes
  • Water Sewer Expenses: 8400.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5680002031
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 723.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8029.00
  • Lot Size Acres: 0.1843

Rental Info

  • Tenant Pays: Cable TV, Other, Telephone

Multi Family

  • Electric Expense: 8400.00
  • Fuel Expense: 8400.00
  • Gross Income: 1200.00
  • Gross Operating Income: 332400.00
  • Gross Scheduled Income: 332400.00
  • Insurance Expense: 9000.00
  • Laundry Income: 4800.00
  • Lot Size Area: 8029.0000 Square Feet
  • Net Operating Income: 249300.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Number Wall A C: 13
  • Operating Expense: 83100.00
  • Rent Control: Yes
  • Total Expenses: 83100.00

Tax Info

  • Tax Census Tract: 3021.03
  • Tax Lot: 24
  • Tax Tract Number: 5680
  • TaxOtherAnnualAssessmentAmount: 777.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $25,922 $2,362,270 $1,399,865 $962,405
2024 $25,922 $2,315,952 $1,372,417 $943,535
2023 $25,336 $2,270,542 $1,345,507 $925,035
2022 $24,548 $2,226,023 $1,319,125 $906,898
2021 $24,126 $2,182,376 $1,293,260 $889,116
2020 $18,412 $1,664,640 $1,040,400 $624,240
2019 $17,962 $1,632,000 $1,020,000 $612,000
2018 $2,395 $208,361 $168,817 $39,544
2016 $2,278 $200,271 $162,262 $38,009
2015 $2,233 $197,264 $159,825 $37,439
2014 $2,228 $193,401 $156,695 $36,706
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $3,499,999 +410.9% $724 / Sq Ft
06/21/2018 06/21/18 Sold $685,000 -23.5% $644 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $895,000 -- $841 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed -- None Available
Grant Deed $685,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $185,000 New Conventional
Previous Owner $260,000 Commercial
Previous Owner $1,722,500 Construction
Previous Owner $300,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $1,350,000 Commercial
Previous Owner $950,000 Construction
Previous Owner $75,000 Commercial
Previous Owner $120,000 Commercial
Previous Owner $34,250 Commercial
Previous Owner $548,000 Commercial
Previous Owner $325,000 Unknown
Previous Owner $175,000 Unknown
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25167588

California Regional Multiple Listing Service (CRMLS)

APN: 5680-002-031