NOT LISTED FOR SALE

1467 E Broadway Glendale, CA 91205

Citrus Grove Neighborhood
6 Beds
6 Baths
4,288 Sq Ft
7,185 Sq Ft Lot

Last Sold February 01, 2024

Last sale price $1,500,000 $350 Per Sq Ft

54 Days on Market

Highlights

  • Golf Course Community
  • Park
  • Horse Trails
  • Hiking Trails
  • Laundry Room
  • Foothills

About This Home

As of February 2024

Excited to present a RARE opportunity for investors with a 4-building portfolio (37 units total) right here in Glendale. With instant cash-flow and plenty of room to add value this deal is a no brainer.This property in particular is a fully occupied 6 unit building right across the street from Glendale High School. Great tenants, extremely low vacancy rates, and tons of room for growth, this property will make any investor excited. Please reach out for more info!

Last Listed By

Brent Ballard

Anderson Ballard Companies Brokerage Phone: (818) 919-0282 License #01297151 Listed on: 11/30/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,185 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • 6 Carport Spaces
  • Parking Available

Interior Spaces

  • 4,288 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location
  • Suburban Location

Utilities

  • Heating Available
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 5645023016

Community Details

Overview

  • 6 Units
  • Foothills
  • Mountainous Community
  • Valley

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Fuel Expense $1,800
  • Insurance Expense $4,400
  • Professional Management Expense $3,600
  • Trash Expense $350
  • Water Sewer Expense $3,000
  • New Taxes Expense $19,356
  • Operating Expense $44,012
  • Gross Income $114,960
  • Net Operating Income $67,499

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Professional Management Expense: 3600.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: GLR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5645023016
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 418.61

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Oven
  • Sewer: Unknown
  • Trash Expense: 350.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Biking, Valley, Urban, Sidewalks, Suburban, Park, Mountainous, Horse Trails, Hiking, Foothills, Dog Park

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7185.00
  • Lot Size Acres: 0.1649

Multi Family

  • Fuel Expense: 1800.00
  • Gross Income: 114960.24
  • Gross Scheduled Income: 114960.24
  • Insurance Expense: 4400.00
  • Lot Size Area: 7185.0000 Square Feet
  • Net Operating Income: 67498.98
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 44012.45
  • Rent Control: No
  • Total Expenses: 44012.45
  • Vacancy Allowance: 3

Tax Info

  • New Taxes Expense: 19356.45
  • Tax Lot: 13

Range of Values:

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Sold Price
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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
02/01/2024 02/01/24 Sold $1,500,000 -16.4% $350 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
11/29/2023 11/29/23 For Sale $1,795,000 -- $419 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brent Ballard

    Seller's Agent in 2024

    Brent Ballard

    Anderson Ballard Companies

    (818) 919-0282

    2 in this area

    173 Total Sales

    Brent Ballard
    Section Image
  • Trey Ballard

    Seller Co-Listing Agent in 2024

    Trey Ballard

    eXp Realty of Greater Los Angeles

    (818) 850-8802

    2 in this area

    53 Total Sales

    Trey Ballard
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15895

Pasadena-Foothills Association of REALTORS®

California Los Angeles County Glendale 91205 Citrus Grove

1467 E Broadway, Glendale, CA

Homes for Sale in Glendale, CA

This home is located at 1467 E Broadway, Glendale, CA 91205 since 30 November 2023. This property was built in 1947. 1467 E Broadway is a home located in Los Angeles County with nearby schools including Glenoaks 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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