NOT LISTED FOR SALE

1437 E Maple St Glendale, CA 91205

Somerset Neighborhood
9 Beds
5 Baths
3,497 Sq Ft
9,971 Sq Ft Lot

Last Sold June 13, 2020

Last sale price $1,550,000 $443 Per Sq Ft

15 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2020

A rare investment opportunity in the beautiful city of Glendale. The 5-unit investment property consists of one 2-story building with 4 2+1 units, and a 1-story building with 1 1+1 unit. Coin laundry on the premises. The property generates good income and has upside potential as well.

Last Listed By

Anush Arakelyan

Anush Arakelyan License #01357512 Listed on: 03/12/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 9,971 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,497 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 1171
  • Assessor Parcel Number 5683002018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $3,600
  • Gardener Expense $1,200
  • Insurance Expense $1,650
  • Maintenance Expense $2,200
  • Trash Expense $500
  • New Taxes Expense $8,604
  • Operating Expense $17,754
  • Gross Income $113,880
  • Net Operating Income $36,636

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 3.00
  • Other Phone Description: 8184062343
  • Other Phone Number: 8184294831
  • Price Per Unit: 306000
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5683002018
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 443.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Outside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9971.00
  • Lot Size Acres: 0.2289

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 113880.00
  • Gross Multiplier: 12.73
  • Gross Scheduled Income: 113880.00
  • Insurance Expense: 1650.00
  • Lot Size Area: 9971.0000 Square Feet
  • Maintenance Expense: 2200.00
  • Net Operating Income: 36636.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 77244.00
  • Rent Control: No
  • Total Actual Rent: 9490.00
  • Total Expenses: 17754.00

Tax Info

  • New Taxes Expense: 8604.00
  • Tax Census Tract: 3021.02
  • Tax Lot: 15
  • Tax Tract Number: 1171

Range of Values:

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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
06/13/2020 06/13/20 Sold $1,550,000 +1.3% $443 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
03/23/2020 03/23/20 Price Changed $1,530,000 0.0% $438 / Sq Ft
03/23/2020 03/23/20 For Sale $1,530,000 +5.5% $438 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $1,450,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anush Arakelyan

    Anush Arakelyan

    (818) 610-8501

    1 in this area

    3 Total Sales

    Anush Arakelyan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20054750

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91205 Somerset

1437 E Maple St, Glendale, CA

Homes for Sale in Glendale, CA

This home is located at 1437 E Maple St, Glendale, CA 91205 since 12 March 2020. This property was built in 1952. 1437 E Maple St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, Woodrow Wilson Middle School, and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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