NOT LISTED FOR SALE

1516 E Maple St Glendale, CA 91205

Somerset Neighborhood
7 Beds
6 Baths
3,639 Sq Ft
7,333 Sq Ft Lot

Last Sold May 07, 2024

Last sale price $1,587,000 $436 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

As of May 2024

Huge opportunity to own a perfectly located "Storybook" 3639 total SQFT income property on a 7333 SQFT lot! This amazing property includes a 3 bed / 1.5 bath approx. 1829 SQFT two story front house with a detached rear building that contains 4 approx. 450 SQFT 1 bed / 1 bath identical apartments. 5 addresses with income potential nearing $11,000 per month! Off street parking for 6 cars! Perfect owner / user / landlord situation. Charming primary house with classic wood beams and wood burning fireplace in living room and formal dining area. Main floor bedroom with attached half bath and 2nd fireplace! Central air / heat and original gleaming hardwood throughout. Galley kitchen with new stainless appliances and nice size eating area with rear door direct to parking area (no garage). Large finished basement room perfect for home gym or 4th bedroom. Stackable washer / dryer closet. Upstairs features a full bathroom and two nice size light and bright bedrooms. Bedroom closets include additional direct storage access to attic space. Rear apartment structure with custom exterior wood detailing. All four apartments occupied with performing tenants paying almost full market rent. Units have great open floor plans with updated kitchens / baths and over size bedrooms. Separate power & gas meters for all 5 addresses. One water meter / bill. Water included in rent payment.

Last Agent to Sell the Property

Aaron Samson

Coldwell Banker Realty Brokerage Phone: 818-970-7012 License #01449890 Listed on: 03/08/2024

Coldwell Banker Realty

Co-Listed By

Hampik Shahinian

Coldwell Banker Realty Brokerage Phone: 818-970-7012 License #01982165

Last Buyer's Agent

Juan Escobar

Lyon Stahl Investment Real Estate, Inc. License #01340840

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,333 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,639 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 1
  • Assessor Parcel Number 5683004002
  • $830 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,700
  • Trash Expense $2,760
  • Water Sewer Expense $1,440
  • Operating Expense $7,900
  • Net Operating Income $124,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Ad Number: Aaron
  • Other Phone Description: Hampik Shahinia
  • Other Phone Number: 818-216-0536
  • Price Per Unit: 329800
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: GLR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5683004002
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: North
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 436.11

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 2760.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7333.00
  • Lot Size Acres: 0.1683

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 132000.00
  • Insurance Expense: 3700.00
  • Lot Size Area: 7333.0000 Square Feet
  • Net Operating Income: 124100.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number Wall A C: 4
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 7900.00
  • Rent Control: Yes
  • Total Expenses: 7900.00

Tax Info

  • Tax Census Tract: 3021.02
  • Tax Lot: 2
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 830.00

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
05/07/2024 05/07/24 Sold $1,587,000 -3.8% $436 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
04/04/2024 04/04/24 Price Changed $1,649,000 -2.9% $453 / Sq Ft
03/08/2024 03/08/24 For Sale $1,699,000 -- $467 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Aaron Samson

    Seller's Agent in 2024

    Aaron Samson

    Coldwell Banker Realty

    (818) 728-2767

    1 in this area

    19 Total Sales

    Aaron Samson
    Section Image
  • Hampik Shahinian

    Seller Co-Listing Agent in 2024

    Hampik Shahinian

    Coldwell Banker Realty

    (818) 995-2424

    1 in this area

    16 Total Sales

    Hampik Shahinian
    Section Image
  • Juan Escobar

    Buyer's Agent in 2024

    Juan Escobar

    Lyon Stahl Investment Real Estate, Inc.

    (310) 739-0840

    1 in this area

    20 Total Sales

    Juan Escobar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24046416

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91205 Somerset

1516 E Maple St, Glendale, CA

This home is located at 1516 E Maple St, Glendale, CA 91205 since 08 March 2024. This property was built in 1938. 1516 E Maple St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, Theodore Roosevelt 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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