$2,850,000
SOLD MAR 24, 2023
12 Beds
-- Bath
4,992 Sq Ft
9,274 Sq Ft Lot

Recently Sold

$571 Per Sq Ft

3% Below List Price

50 Days on Market

Highlights

  • Mountain View
  • Living Room
  • Forced Air Heating and Cooling System
  • Granite Countertops
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2023

Predominantly remodeled six-unit apartment building in desirable Glendale. All units are 2 bedrooms & 2 bathrooms with light and bright with large luminous windows and sleek wood laminate floors, chef’s kitchens with quartz/marble counters, new bathroom tiles, vanities and faucets in bathrooms, appealing to the modern-day renter and the bedrooms are very spacious with large closets. In addition to the numerous upgrades, 4 new A/C units were installed in March 2020. Amenities include 10 parking spaces, central air, and in-building laundry room make for easy living. Great location close to Glendale High School and Community College, within walking distance to shopping, delicious restaurants and nightlife, and just a short commute to the renowned Glendale Galleria and the Americana. Situated conveniently to the 134 & 5 freeways for easy commute times. Don’t miss out on this great investment opportunity in desirable Glendale, call today for more information!

Last Agent to Sell the Property

Eric Delgado

Luxury Collective License #01831579 Listed on: 02/02/2023

Last Buyer's Agent

Joe Myere

Compass License #01876220

Compass

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 6-10 Units/Acre

Parking

  • 10 Car Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 12 Bedrooms
  • 4,992 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Granite Countertops

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2176
  • Assessor Parcel Number 5683003020

Community Details

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,584
  • Water Sewer Expense $3,000
  • New Taxes Expense $2,000
  • Operating Expense $33,500
  • Gross Income $145,940
  • Net Operating Income $115,444

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Parking

10

Listing Details

  • Price Per Unit: 491667
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: GLR4*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5683003020
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 570.91
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1584.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9274.00
  • Lot Size Acres: 0.2129

Multi Family

  • Gross Income: 145940.00
  • Gross Scheduled Income: 145440.00
  • Insurance Expense: 3000.00
  • Laundry Income: 4800.00
  • Lot Size Area: 9274.0000 Square Feet
  • Net Operating Income: 115444.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 113524.00
  • Other Income1: 500.00
  • Rent Control: No
  • Total Actual Rent: 11250.00
  • Total Expenses: 33500.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Census Tract: 3021.02
  • Tax Lot: 10
  • Tax Tract Number: 2176

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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: SR23018182

California Regional Multiple Listing Service (CRMLS)