Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
1 in Riverside Rancho
$1,150,000 Price
320 Western Ave Glendale, CA 91201
Riverside Rancho Neighborhood
3
Beds
2
Baths
4,662
Sq Ft
7,535
Sq Ft Lot
Highlights
- Community Stables
- Property is near park and public transit
- Hiking Trails
- Herbert Hoover High School Rated A-
- Lawn
- Park
About This Home
As of December 2023An excellent opportunity awaits potential investors looking to acquire a multifamily property in the Riverside Rancho district of Glendale. MIG Commercial Real Estate Services, Inc is pleased to introduce 320 Western Ave in Glendale, a well maintained six-unit multifamily asset. Constructed in 1957, this complex comprises (4) two-bedroom, one-bathroom units, and (2) one-bedroom, onebathroom units. There is a covered carport at the rear of the
building, providing six parking spaces (one per unit). Owner pays common area electricity, gas for the laundry room, and water. Tenants are responsible for all other utilities. There are 7 total electric meters, 7 total gas meters, and 1 water meter. Recent upgrades include the replacement of the main water line and the vertical waste line connecting to the city's infrastructure. Despite heavy rains in the past year, there have been no significant reports
of leaks. Glendale's strategic location offers easy access to major freeways, making it a convenient hub for commuting to various parts of Los Angeles County. The city is also home to the Glendale Unified School District and is just minutes away from renowned establishments like Disney, DreamWorks Animation, the Los Angeles Zoo, and numerous urban parks. Don’t miss this opportunity to claim your next investment!
Last Agent to Sell the Property
Alex Matevosian
MIG Commercial Real Estate Ser License #02047572 Listed on: 11/16/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 7,535 Sq Ft Lot
- Two or More Common Walls
- Lawn
Parking
- 6 Car Garage
- Carport
- Parking Available
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,662 Sq Ft Home
- 2-Story Property
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Property is near park and public transit
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 8589
- Assessor Parcel Number 5626013006
- $872 per year additional tax assessments
Community Details
Overview
- 6 Units
- Mountainous Community
Amenities
- Laundry Facilities
Recreation
- Park
- Dog Park
- Community Stables
- Horse Trails
- Hiking Trails
- Bike Trail
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,694
- Fuel Expense $2,887
- Insurance Expense $2,406
- Professional Management Expense $6,414
- Trash Expense $4,604
- Water Sewer Expense $1,694
- Operating Expense $48,709
- Gross Income $134,151
- Net Operating Income $85,442
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
Listed on
Nov 16, 2023
Closed on
Dec 12, 2023
Sold by
Lietzke Family Trust
Bought by
Seller's Agent
Alex Matevosian
MIG Commercial Real Estate Ser
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$1,995,000
Sold Price
$1,675,000
Premium/Discount to List
-$320,000
-16.04%
Views
44
Purchase Details
Closed on
Nov 26, 2012
Sold by
Nazaryan Arpi O
Bought by
Nazaryan Raymond
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Riverside Rancho, CA
-
Lynsey Russell
-
Khanh Oberley
Khanh Oberley
Douglas Elliman of CA, Inc.
(424) 407-8581
42 Total Sales
1 in Riverside Rancho
$1,765,000 Price
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
79 Total Sales
3 in Riverside Rancho
$1.2M - $1.9M Price Range
-
Max Gonzalez
Max Gonzalez
Buena Vista Realty
(323) 694-2948
62 Total Sales
2 in Riverside Rancho
$805K - $910K Price Range
-
Elsa Johnson
Elsa Johnson
Keller Williams Westlake Village
(424) 358-3280
11 Total Sales
1 in Riverside Rancho
$1,000,000 Price
-
Cherryl Weaver
Cherryl Weaver
Re/Max Tri-City
(213) 516-9631
29 Total Sales
1 in Riverside Rancho
$980,000 Price
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 |
|---|---|---|---|
| $1,675,000 | Orange Coast Title | ||
| Nazaryan Raymond | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $311,455 | ||
| Previous Owner | Lietzke Jack H | $325,000 |
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 |
|---|---|---|---|---|
| 12/14/2023 12/14/23 | Sold | $1,675,000 | -16.0% | $359 / Sq Ft |
| 11/16/2023 11/16/23 | For Sale | $1,995,000 | -- | $428 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2026 | $19,157 | $1,742,670 | $1,248,480 | $494,190 |
| 2025 | $19,157 | $1,708,500 | $1,224,000 | $484,500 |
| 2024 | $19,084 | $1,675,000 | $1,200,000 | $475,000 |
| 2023 | $2,521 | $150,109 | $34,163 | $115,946 |
| 2022 | $2,484 | $147,167 | $33,494 | $113,673 |
| 2021 | $2,423 | $144,283 | $32,838 | $111,445 |
| 2019 | $2,355 | $141,506 | $31,865 | $109,641 |
| 2018 | $2,246 | $138,762 | $31,241 | $107,521 |
| 2016 | $2,063 | $131,934 | $30,029 | $101,905 |
| 2015 | $2,033 | $129,953 | $29,578 | $100,375 |
| 2014 | $2,063 | $127,408 | $28,999 | $98,409 |
Source: Public Records
Agents Affiliated with this Home
-
AM
Seller's Agent in 2023
Alex Matevosian
MIG Commercial Real Estate Ser
-
Eric Dilanian
Buyer's Agent in 2023
Eric Dilanian
RE/MAX
(213) 233-4379
1 in this area
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23212525
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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