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

Sale Details

Date Sold: June 22, 2021

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

Highlights

  • Laundry Facilities
  • 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
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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

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

7,516 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2022
Sold by
Bought by

Purchase Details

Listed on
Jun 3, 2021
Closed on
May 28, 2021
Sold by
Bought by
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$3,300,000
Sold Price
$3,205,000
Premium/Discount to List
-$95,000
-2.88%

Purchase Details

Closed on
Apr 7, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
$3,205,000 Lawyers Title
-- --
Source: Public Records

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
06/22/2021 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

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
2026 $38,522 $3,538,576 $2,539,384 $999,192
2025 $38,522 $3,469,193 $2,489,593 $979,600
2024 $38,058 $3,401,171 $2,440,778 $960,393
2023 $37,197 $3,334,482 $2,392,920 $941,562
2022 $36,563 $3,269,100 $2,346,000 $923,100
2021 $14,301 $1,216,772 $333,671 $883,101
2020 $14,102 $1,206,296 $330,250 $876,046
2019 $13,777 $1,182,683 $323,775 $858,908
2018 $13,498 $1,159,533 $317,427 $842,106
2016 $12,797 $1,112,586 $305,101 $807,485
2015 $12,547 $1,095,875 $300,519 $795,356
2014 $12,483 $1,074,410 $294,633 $779,777
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21119989

California Regional Multiple Listing Service (CRMLS)
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