NOT LISTED FOR SALE
9 Beds
5 Baths
3,497 Sq Ft
9,971 Sq Ft Lot

Sale Details

Date Sold: June 13, 2020

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

15 Days on Market

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
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

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

9,971 Sq Ft Lot

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
06/13/2020 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

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
2025 $18,986 $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

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20054750

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.