$2,105,000
SOLD AUG 20, 2019
2 Beds
2 Baths
4,992 Sq Ft
9,274 Sq Ft Lot

Recently Sold

$422 Per Sq Ft

3% Above List Price

64 Days on Market

Highlights

  • Modern Architecture
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of March 2023

Well maintained six unit apartment complex. The property is within walking distance to grocery, several restaurants/cafes and a short commute to Glendale Galleria and The Americana, which are major retail/entertainment attractions. It is also conveniently located near two major freeways (134 & 5). All units are 2 bedroom plus 2 bathroom with the majority upgraded with hardwood floors. The Owner made substantial capital improvements in 2018. Please do not disturb the tenants; contact listing agent

Last Agent to Sell the Property

Joyti Goundar

TODD REAL ESTATE License #01493031 Listed on: 06/05/2019

Last Buyer's Agent

Eric Delgado

Keller Williams Encino-Sherman Oaks License #01831579

Keller Williams Encino-Sherman Oaks

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 9,274 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Modern Architecture
  • Apartment
  • Composition Roof

Interior Spaces

  • 4,992 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 284
  • Tax Tract Number 7746
  • Assessor Parcel Number 5683003020

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1,537
  • Insurance Expense $3,006
  • Trash Expense $1,431
  • Water Sewer Expense $1,145
  • Operating Expense $7,119
  • Gross Income $141,798
  • Net Operating Income $104,174

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Parking

10

Listing Details

  • CapRate: 5.80
  • Property Attached: Yes
  • Water Sewer Expenses: 1145.00
  • Zoning: GLR4*
  • Architectural Style: Modern
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5683003020
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 421.67
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 1431.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9274.00
  • Lot Size Acres: 0.2129
  • Latitude Manual: 34.13811300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 1537.00
  • Gross Income: 141798.00
  • Gross Scheduled Income: 137880.00
  • Insurance Expense: 3006.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3918.00
  • Lot Size Area: 9274.0000 Square Feet
  • Net Operating Income: 104174.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 37624.00
  • Rent Control: No
  • Total Expenses: 7119.00

Tax Info

  • Tax Census Tract: 3021.02
  • Tax Lot: 284
  • Tax Tract Number: 7746

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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
03/24/2023 03/24/23 Sold $2,850,000 -3.4% $571 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $2,950,000 +40.1% $591 / Sq Ft
08/20/2019 08/20/19 Sold $2,105,000 +2.7% $422 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $2,050,000 0.0% $411 / Sq Ft
07/21/2016 07/21/16 Sold $2,050,000 -2.3% $411 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $2,099,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF19132514

California Regional Multiple Listing Service (CRMLS)