NOT LISTED FOR SALE
3 Beds
3 Baths
14,831 Sq Ft
0.49 Acres

Last Sold May 01, 2019

Last sale price $5,875,000 $396 Per Sq Ft

14 Days on Market

Highlights

  • Private Pool
  • 0.49 Acre Lot
  • Laundry Room
  • Glenoaks Elementary School Rated A-
  • No HOA
  • Level Lot

About This Home

As of May 2019

This home is located at 1470 E Wilson Ave, Glendale, CA 91206 since 18 March 2019. This property was built in 1972. 1470 E Wilson Ave is a home located in Los Angeles County with nearby schools including Glenoaks Elementary School, Woodrow Wilson Middle School, and Glendale High School.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 03/18/2019

Keller Williams Realty/Pasadena

Last Buyer's Agent

Brett Howard

Howard Realty Group Inc. License #01120327

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 14,831 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Pool

  • Private Pool

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 5645024012

Community Details

Overview

  • No Home Owners Association
  • 21 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 22 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $6,532
  • Gardener Expense $1,440
  • Insurance Expense $5,200
  • Maintenance Expense $30,697
  • Pool Expense $1,400
  • Professional Management Expense $34,961
  • Trash Expense $1,585
  • Water Sewer Expense $13,855
  • New Taxes Expense $64,370
  • Operating Expense $165,110
  • Gross Income $425,377
  • Net Operating Income $260,267

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0.49 Acres

Listing Details

  • CapRate: 4.39
  • Professional Management Expense: 34961.00
  • Property Attached: Yes
  • Water Sewer Expenses: 13855.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5645024012
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 396.13

Exterior Features

  • Pool Expense: 1400.00
  • Pool Features: Private
  • Pool Private: Yes

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1585.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Sq Ft: 21521.00
  • Lot Size Acres: 0.4941

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Fuel Expense: 6532.00
  • Gross Income: 425377.00
  • Gross Multiplier: 13.51
  • Gross Operating Income: 425377.00
  • Gross Scheduled Income: 438533.00
  • Insurance Expense: 5200.00
  • Lot Size Area: 21521.0000 Square Feet
  • Maintenance Expense: 30697.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 260267.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 21
  • Operating Expense: 165110.00
  • Rent Control: Yes
  • Total Expenses: 165110.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 64370.00
  • Tax Census Tract: 3021.04
  • Tax Lot: 64
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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
05/01/2019 05/01/19 Sold $5,875,000 -0.8% $396 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $5,925,000 -- $400 / 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 $72,212 $6,553,669 $3,346,555 $3,207,114
2024 $72,212 $6,425,167 $3,280,937 $3,144,230
2023 $70,587 $6,299,184 $3,216,605 $3,082,579
2022 $69,391 $6,175,672 $3,153,535 $3,022,137
2021 $68,196 $6,054,581 $3,091,701 $2,962,880
2020 $67,235 $5,998,500 $3,060,000 $2,938,500
2019 $39,713 $2,225,529 $742,931 $1,482,598
2018 $25,560 $2,182,010 $728,364 $1,453,646
2016 $24,226 $2,091,515 $700,082 $1,391,433
2015 $23,755 $2,060,100 $689,567 $1,370,533
2014 $23,683 $2,019,747 $676,060 $1,343,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19060981

California Regional Multiple Listing Service (CRMLS)
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