NOT LISTED FOR SALE

1435 E Wilson Ave Glendale, CA 91206

Citrus Grove Neighborhood
16 Beds
16 Baths
10,107 Sq Ft
0.38 Acres

Last Sold October 07, 2021

Last sale price $3,900,000 $386 Per Sq Ft

41 Days on Market

Highlights

  • 0.38 Acre Lot
  • Traditional Architecture
  • Views
  • Glenoaks Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of October 2021

14-unit building in Glendale's Citrus Grove area. Well-kept, with several units recently upgraded, this two-level courtyard building is a solid investment opportunity with rents below market value. Built in 1973, the tenant-occupied property comprises of 10,119 square feet of living space on a 16,652 lot. It includes thirteen one-bed/one-bath units and one three-bedroom, two-and-a-half-bath unit that could be for an owner/user. There are 17 carport parking spaces, and an on-premises laundry facility. The address is minutes from the highly rated Adventist Health Glendale hospital. The palm-lined, family-friendly Citrus Grove neighborhood is just a mile from Downtown Glendale and its many dining and shopping destinations, including the fourth-largest mall in LA County, Glendale Galleria, and the picturesque Americana at Brand. It boasts excellent schools, several parks, and convenient access to many amenities including a Smart & Final Extra warehouse grocery store. Highway 2 connects the neighborhood with Interstate 5 for travel from Los Angeles to the coast.

Last Agent to Sell the Property

Max Pellegrini

Engel & Völkers Pasadena License #01196363 Listed on: 08/11/2021

Engel & Völkers Pasadena

Last Buyer's Agent

Nada Slim

Beverly and Company, Inc. License #02036020

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $56,250

Year Built

  • Built in 1973

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Stucco Fence
  • Front Yard

Home Design

  • 10,107 Sq Ft Home
  • Traditional Architecture
  • Apartment
  • Copper Roof
  • Stucco

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 17 Parking Spaces
  • 17 Carport Spaces
  • Parking Available
  • Parking Lot
  • Assigned Parking

Utilities

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

Additional Features

  • Gas Oven
  • Laundry Room
  • Property Views

Listing and Financial Details

  • Tenant pays for electricity, security, gas
  • Tax Lot 6
  • Assessor Parcel Number 5645022028

Community Details

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,009
  • Fuel Expense $3,758
  • Gardener Expense $2,400
  • Insurance Expense $4,800
  • Maintenance Expense $12,000
  • Pest Control $1,854
  • Professional Management Expense $6,000
  • Supplies Expense $3,444
  • Trash Expense $780
  • Water Sewer Expense $6,932
  • New Taxes Expense $56,250
  • Operating Expense $100,227
  • Gross Income $5,280
  • Net Operating Income $154,533

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$56,250

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.40
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Supplies Expense: 3444.00
  • View: Yes
  • Water Sewer Expenses: 6932.00
  • Zoning: GLR4
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5645022028
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 445.24

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Copper
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Carport
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1854.00
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 16652.00
  • Lot Size Acres: 0.3823

Rental Info

  • Tenant Pays: Electricity, Security, Gas

Multi Family

  • Average1 Bed Area: 630 Square Feet
  • Average3 Bed Area: 1917 Square Feet
  • Electric Expense: 2009.00
  • Fuel Expense: 3758.00
  • Garage Income: 480.00
  • Gross Income: 5280.00
  • Gross Scheduled Income: 254760.00
  • Insurance Expense: 4800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 16652.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 154533.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 100227.00
  • Other Income2: 4800.00
  • Rent Control: No
  • Total Expenses: 100227.00

Tax Info

  • New Taxes Expense: 56250.00
  • Tax Lot: 6
  • Tax Rate: 1.25
  • Tax Annual Amount: 56250.00

Range of Values:

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Value Increase
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Percent Increase
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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
10/07/2021 10/07/21 Sold $3,900,000 -13.3% $386 / Sq Ft
08/11/2021 08/11/21 For Sale $4,500,000 -- $445 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Max Pellegrini

    Seller's Agent in 2021

    Max Pellegrini

    Engel & Völkers Pasadena

    (818) 395-9039

    1 in this area

    39 Total Sales

    Max Pellegrini
    Section Image

  • N

    Buyer's Agent in 2021

    Nada Slim

    Beverly and Company, Inc.

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-6164

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Glendale 91206 Citrus Grove

1435 E Wilson Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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