NOT LISTED FOR SALE
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

  • 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

Tax Info

  • Tax Census Tract: 3018.02
  • Tax Lot: 91
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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
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

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 $101,512 $9,126,388 $6,367,248 $2,759,140
2024 $99,678 $8,947,440 $6,242,400 $2,705,040
2023 $97,415 $8,772,000 $6,120,000 $2,652,000
2022 $95,750 $8,600,000 $6,000,000 $2,600,000
2021 $97,651 $8,759,820 $3,503,928 $5,255,892
2020 $43,472 $3,798,023 $1,379,185 $2,418,838
2019 $42,446 $3,723,553 $1,352,143 $2,371,410
2018 $41,638 $3,650,543 $1,325,631 $2,324,912
2016 $39,550 $3,508,790 $1,274,156 $2,234,634
2015 $38,761 $3,456,085 $1,255,017 $2,201,068
2014 $38,574 $3,388,386 $1,230,433 $2,157,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21136761

California Regional Multiple Listing Service (CRMLS)