NOT LISTED FOR SALE

312 N Pacific Ave Glendale, CA 91203

Vineyard Neighborhood
3 Beds
2 Baths
21,575 Sq Ft
0.46 Acres

Last Sold August 31, 2021

Last sale price $8,600,000 $399 Per Sq Ft

2 Days on Market

Highlights

  • 0.46 Acre Lot
  • Corner Lot
  • Laundry Room
  • Herbert Hoover High School Rated A-

About This Home

As of August 2021

First time on market in 30 years. 27 units built in 1987 on 312 N Pacific Ave is located in prime location of Glendale, within minutes to Glendale Galleria and Americana. The subject property offers seventeen units 2bed +1.5 bath, two stories, two parking spaces, nice townhouse style. Ten units 1 bed +1bath one parking space. Each unit has balcony, central air. Excellent investment property.

Last Agent to Sell the Property

Wendy Chen

IRN Realty License #00906852 Listed on: 06/29/2021

IRN Realty

Last Buyer's Agent

David Nalbandyan

LA Premier Realty License #01869296

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • No Common Walls
  • Corner Lot

Parking

  • 46 Car Garage

Home Design

  • 21,575 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 91
  • Assessor Parcel Number 5637018049

Community Details

Building Details

  • 26 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $3,035
  • Fuel Expense $3,355
  • Insurance Expense $10,168
  • Other Expense $1,081
  • Professional Management Expense $21,000
  • Trash Expense $8,385
  • Water Sewer Expense $19,027
  • Operating Expense $64,969
  • Gross Income $434,224
  • Net Operating Income $323,364

Additional Features

  • 27 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1987

Lot Details

0

Parking

46

Listing Details

  • Price Per Unit: 329629
  • Professional Management Expense: 21000.00
  • Property Attached: No
  • Water Sewer Expenses: 19027.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5637018049
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 398.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 46.00
  • Total Parking Spaces: 46.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 8385.00

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 20250.00
  • Lot Size Acres: 0.4649

Multi Family

  • Electric Expense: 3034.70
  • Fuel Expense: 3355.00
  • Gross Income: 434224.00
  • Gross Operating Income: 452364.00
  • Gross Scheduled Income: 464880.00
  • Insurance Expense: 10168.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 5600.00
  • Lot Size Area: 20250.0000 Square Feet
  • Net Operating Income: 323364.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 26
  • Number Of Units Total: 27
  • Operating Expense: 129000.00
  • Other Expense: 1081.00
  • Other Expense Description: lease eq
  • Rent Control: Yes
  • Total Actual Rent: 35702.00
  • Total Expenses: 64969.00
  • Vacancy Allowance: 2

Tax Info

  • Tax Census Tract: 3018.02
  • Tax Lot: 91

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
08/31/2021 08/31/21 Sold $8,600,000 -3.4% $399 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $8,900,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wendy Chen

    IRN Realty

    (626) 890-9497

    1 in this area

    3 Total Sales

    Section Image
  • David Nalbandyan

    Buyer's Agent in 2021

    David Nalbandyan

    LA Premier Realty

    (818) 424-6437

    4 in this area

    86 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21136761

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91203 Vineyard

312 N Pacific Ave, Glendale, CA

This home is located at 312 N Pacific Ave, Glendale, CA 91203 since 29 June 2021. This property was built in 1987. 312 N Pacific Ave is a home located in Los Angeles County with nearby schools including Columbus Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover 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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