NOT LISTED FOR SALE
33 Beds
18 Baths
17,405 Sq Ft
0.6 Acres

Last Sold December 20, 2023

Last sale price $5,575,000 $320 Per Sq Ft

164 Days on Market

About This Home

As of December 2023

We are pleased to present 1345-1355 Hilda Avenue Apartments, a well-maintained property portfolio in a great Glendale location. Collectively the property is comprised of sixteen (16) units and one (1) Non-Conforming Studio in the highly sought-after upscale residential area of Somerset. The building features a favorable unit mix consisting of (14) 2 bed/ 1 bath, (1) 2 bed/ 1.5 bath, and (1) 3 bed + 2 bath units. The 3 bed + 2 bath unit has been completely renovated, accompanied with central heat/air-conditioning, new stainless-steel appliances, new flooring, beautiful cabinetry, walk-in closets, fireplace, and quartz counter tops. The building features a community pool, on-site laundry facility, and a combination of carports. The total size of the two buildings are 17,405 square feet and sit on 26,352 square feet that is GLR4YY zoned. 1345-1355 Hilda Avenue Apartments is located in the quiet, trendy neighborhood of Somerset, an area with tree-lined avenues and distant mountain-views. This location also features a Walk Score of 80 (very Walkable) as it is in close proximity to cafes, casual dining options, and local shops and services. Major attractions like Griffith Park, the Los Angeles Zoo, and the Hollywood Sign are less than 10 miles away. The location also provides residents with excellent accessibility to employment in surrounding areas such as Hollywood, Pasadena, and Burbank. The property is additionally located just blocks from the 2 and 134 freeways.

Last Agent to Sell the Property

Jeff Louks

Marcus & Millichap License #00908473 Listed on: 06/05/2023

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.6 Acre Lot

Parking

  • Assigned Parking

Home Design

  • 17,405 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 18 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Community Details

  • 3 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5679-005-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 17405
  • Lot Acreage: 0.6000
  • Year Built: 1958
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 33
  • Total Bathrooms: 18.00
  • Price Per S Q F T: 333.24

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Cooling: Wall/Window
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 1053250
  • Assessed Land Percent: 60
  • Assessed Land Value: 1579876
  • Total Assessed Value: 2633126
  • Assessor Parcel Number: 5679-005-022
  • Lot Size Area: 26352

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.29
  • Number Of Units: 16
  • Total Annual Expense: 187636
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
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
12/20/2023 12/20/23 Sold $5,575,000 -3.9% $320 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
08/25/2023 08/25/23 Price Changed $5,800,000 -3.3% $333 / Sq Ft
06/05/2023 06/05/23 For Sale $6,000,000 -- $345 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-277273

The MLS