NOT LISTED FOR SALE

312 N Belmont St Unit C Glendale, CA 91206

Citrus Grove Neighborhood
12 Beds
12 Baths
7,176 Sq Ft
8,001 Sq Ft Lot

Sale Details

Date Sold: October 25, 2018

Last sale price $1,480,000 $206 Per Sq Ft

79 Days on Market

About This Home

As of October 2018

The Belmont is a charming Non-Rent Controlled 6 unit apartment community in L.A's most compelling rental market, Glendale (91206). The asset, built in 1970 resides on a quaint residential street. The property is in close proximity to The Americana, Glendale Fashion Center and various dining options along E. Wilson Avenue.The asset is reflective of the local community with a unit mix that will attract the areas discerning resident and is perfectly positioned for an owner/user or investor. The property features an excellent unit mix of Six (2) Bedrooms (2) Bathrooms . All Interiors have wood flooring, AC wall units and new windows. The exterior is aesthetically pleasing with a welcoming vibe . All apartment homes feature copper plumbing and pride of ownership charm.The current owner has created a proven concept that has captured exceptional rents with well qualified residents.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 05/07/2018

Keller Williams Studio City

Co-Listed By

Adam Zunder

Pacifica Capital License #01821053

Last Buyer's Agent

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 05/07/2018

Keller Williams Studio City
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 8,001 Sq Ft Lot

Interior Spaces

  • 7,176 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5645-012-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

8,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7176
  • Stories: 2
  • Year Built: 1970
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Equipment: Cable
  • Price Per S Q F T: 417.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 506319
  • Assessed Land Value: 1177494
  • Assessor Parcel Number: 5645-012-021
  • Geocode Override: No
  • Lot Size Area: 8001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 24.46
  • Number Of Units: 6
  • Type Of Units: Apartment

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,416,500
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
May 7, 2018
Closed on
Oct 22, 2018
Sold by
Bought by
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
David Weinberger
Keller Williams Studio City
List Price
$2,995,000
Sold Price
$1,480,000
Premium/Discount to List
-$1,515,000
-50.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 19, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,750
Interest Rate
7.83%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$2,365,000 Fidelity National Title Co
$2,108,000 First American Title Ins Co
$1,480,000 First American Title Insuran
-- Ticor Title
$1,430,000 Landsafe Title
$1,050,000 Chicago Title Company
-- Lawyers Title Company
Source: Public Records

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 Borrower Loan Amount
Closed --
Closed $1,416,500
Previous Owner $1,080,000
Previous Owner $1,250,000
Previous Owner $900,000
Previous Owner $730,000
Previous Owner $735,000
Previous Owner $750,000
Previous Owner $460,000
Previous Owner $433,750
Source: Public Records

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
10/25/2018 10/25/18 Sold $1,480,000 -50.6% $206 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $2,995,000 -- $417 / Sq Ft
Source: The MLS

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 $28,652 $2,559,950 $1,022,897 $1,537,053
2024 $28,378 $2,509,756 $1,002,841 $1,506,915
2023 $27,743 $2,460,546 $983,178 $1,477,368
2022 $27,272 $2,412,300 $963,900 $1,448,400
2021 $26,794 $2,365,000 $945,000 $1,420,000
2020 $24,362 $2,151,660 $1,224,000 $927,660
2019 $87 $2,101,500 $1,500,000 $601,500
2018 $19,663 $1,718,988 $1,201,043 $517,945
2017 $19,228 $1,683,813 $1,177,494 $506,319
2016 $18,602 $1,650,798 $1,154,406 $496,392
2015 $18,231 $1,626,002 $1,137,066 $488,936
2014 $18,095 $1,594,152 $1,114,793 $479,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-341252

The MLS
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