1642 S Central Ave Glendale, CA 91204
Tropico NeighborhoodEstimated payment $24,927/month
Highlights
- Contemporary Architecture
- No HOA
- 4-minute walk to Glendale
About This Home
We are pleased to exclusively present for sale a premiere Development Opportunity in the City of Glendale. This is the mixed-use 31 units apartment complex project. There is a fantastic opportunity for an investor/developer to acquire and build dream contemporary income property and take advantage of strong rent growth and positive market momentum in a dynamic Glendale City. There are only 3 low-income units in this approved project. Total square footage of building: 40,240 sq. ft.
Listing Agent
SARO Realty Inc Brokerage Phone: 818-268-9999 License #01509865 Listed on: 05/12/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 9,962 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 17 Car Garage
Home Design
- 40,240 Sq Ft Home
- Contemporary Architecture
- Property Attached
- Entry on the 1st floor
Bedrooms and Bathrooms
- 31 Bedrooms
- Unit 1 Bathroom: 0
Additional Features
- Laundry in unit
- Urban Location
Listing and Financial Details
- Legal Lot and Block 12 / 4
- Tax Tract Number 91
- Assessor Parcel Number 5640029014
- $339 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 31 Units
- 5-Story Property
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $14,400
- Gardener Expense $5,400
- Maintenance Expense $10,800
- Pest Control $1,200
- Professional Management Expense $5,400
- Trash Expense $3,960
- Water Sewer Expense $8,400
- New Taxes Expense $325,000
- Operating Expense $421,761
- Net Operating Income $1,474,424
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,990 | $1,257,690 | $1,093,645 | $164,045 |
| 2024 | $13,715 | $1,233,030 | $1,072,201 | $160,829 |
| 2023 | $13,403 | $1,208,854 | $1,051,178 | $157,676 |
| 2022 | $13,221 | $1,185,152 | $1,030,567 | $154,585 |
| 2021 | $12,946 | $1,161,914 | $1,010,360 | $151,554 |
| 2019 | $11,628 | $1,050,600 | $867,000 | $183,600 |
| 2018 | $11,398 | $1,030,000 | $850,000 | $180,000 |
| 2017 | $6,757 | $600,514 | $541,645 | $58,869 |
| 2016 | $6,539 | $588,740 | $531,025 | $57,715 |
| 2015 | $6,406 | $579,898 | $523,049 | $56,849 |
| 2014 | $6,359 | $568,540 | $512,804 | $55,736 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $4,399,000 | -- | $109 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,150,000 | Lawyers Title Company | |
| Grant Deed | $1,030,000 | Lawyers Title Co | |
| Grant Deed | $510,000 | Ticor Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,000,500 | No Value Available | |
| Previous Owner | $721,000 | New Conventional | |
| Previous Owner | $397,800 | Fannie Mae Freddie Mac |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD26103156
APN: 5640-029-014
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.
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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