NOT LISTED FOR SALE
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 Agent to Sell the Property

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
  • 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
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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
06/13/2020 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

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
2025 $18,886 $1,695,146 $678,059 $1,017,087
2024 $18,886 $1,661,909 $664,764 $997,145
2023 $18,466 $1,629,324 $651,730 $977,594
2022 $18,154 $1,597,377 $638,951 $958,426
2021 $17,847 $1,566,057 $626,423 $939,634
2020 $8,807 $737,674 $383,590 $354,084
2019 $8,607 $723,211 $376,069 $347,142
2018 $8,395 $709,032 $368,696 $340,336
2016 $7,961 $681,501 $354,380 $327,121
2015 $7,808 $671,265 $349,057 $322,208
2014 $7,772 $658,117 $342,220 $315,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20054750

California Regional Multiple Listing Service (CRMLS)