NOT LISTED FOR SALE
3 Beds
3 Baths
7,335 Sq Ft
7,516 Sq Ft Lot

Last Sold June 22, 2021

Last sale price $3,205,000 $437 Per Sq Ft

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property
  • Glenoaks Elementary School Rated A-

About This Home

As of June 2021

We are proud to represent this pride of ownership 8-unit apartment building in Glendale.

The property was built in 1986. Its unit mix consists of (4) one-bedroom, one-bathroom units and (4) two-bedroom, two-bathroom
units. With a lot size of 7,515 square feet, the property has a total of 7,335 rentable square feet. The units are large and feature a wide open floor plan with bedrooms large enough to fit a king size bed, walk in closets, central air, mirrored closets, one site laundry, and upper units have city or mountain views. In the back of the building it has 8 seperate storage units that can be rented for additional income.

The city of Glendale is a highly desirable rental market and was recently named as the neighborhood of the year by Curbs magazine. Glendale is a major production center for the entertainment and animation industry as The Walk Disney Company outgrew its Burbank Studio. Residents enjoy the excellent shopping and dining at the Americana at Brand which features 75 shops and restaurants and 18plex Theatre. The city's numerous highrated
restaurants and attractions earned it a titled as the Los Angeles Neighborhood of the Year in Curbed Magazine.

The property is metered separately for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 06/03/2021

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 06/03/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,516 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 8 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 7,335 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 74
  • Tax Tract Number 8689
  • Assessor Parcel Number 5645025004

Community Details

Overview

  • 8 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $1,428
  • Fuel Expense $204
  • Insurance Expense $2,308
  • Water Sewer Expense $5,436
  • New Taxes Expense $35,758
  • Operating Expense $51,834
  • Gross Income $203,544
  • Net Operating Income $149,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5436.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5645025004
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 436.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7516.00
  • Lot Size Acres: 0.1725

Multi Family

  • Electric Expense: 1428.00
  • Fuel Expense: 204.00
  • Gross Income: 203544.00
  • Gross Scheduled Income: 203544.00
  • Insurance Expense: 2308.00
  • Lot Size Area: 7516.0000 Square Feet
  • Net Operating Income: 149564.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 51834.00
  • Rent Control: No
  • Total Expenses: 51834.00

Tax Info

  • New Taxes Expense: 35758.00
  • Tax Census Tract: 3021.04
  • Tax Lot: 74
  • Tax Tract Number: 8689

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $3,205,000 -2.9% $437 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $3,300,000 -- $450 / 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: SR21119989

California Regional Multiple Listing Service (CRMLS)