NOT LISTED FOR SALE

324 Western Ave Glendale, CA 91201

Riverside Rancho Neighborhood
10 Beds
6 Baths
4,886 Sq Ft
7,411 Sq Ft Lot

Last Sold April 08, 2015

Last sale price $1,315,000 $269 Per Sq Ft

23 Days on Market

About This Home

As of April 2015

Adjacent to Burbank Rancho District (2 blocks). Located between Disney Studios and Dreamworks Studios! Carport parking for 6 cars in rear along alley. Next to shopping & commercial districts of Burbank and Glendale. Common laundry and patio area at rear of building. Rents have upside potential. One unit to be delivered vacant. Immediate upside by upgrading the interiors upon turnover & current vacancy. Rents are Scheduled Actual Rents with proforma rent of $900 mo. for the vacant one bedroom unit. CAP Rate reflects 2014 Income/Expense and 2014 property taxes which will increase upon sale.

Last Agent to Sell the Property

John Perron

John N. Perron License #01821399 Listed on: 02/15/2015

Last Buyer's Agent

Rick Dergan

LPT Realty, Inc License #00972387

LPT Realty, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,411 Sq Ft Lot
  • Lot Dimensions are 50x149

Interior Spaces

  • 4,886 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in Carport
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • 6 Units
  • Association Phone (626) 625-7123
  • Built by John Perron
  • John Perron

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5626-013-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Adjacent to Burbank Rancho District (2 blocks). Located between Disney Studios and Dreamworks Studios! 6 Units, five 2/1 bed & one 1/1. Carport parking for 6 cars in rear along alley. Next to shopping & commercial districts of Burbank and Glendale. Common laundry and patio area at rear of building. Rents have upside potential. Immediate upside by upgrading the interiors upon turnover. Rents are Scheduled Actual Rents with proforma rent of $900 mo. for one unit. CAP Rate reflects current property taxes which will increase upon sale.
  • Builder Model Name: John Perron
  • Builder Name: John Perron
  • Complex Name: John Perron
  • Living Area: 4886
  • Lot Dimensions: 50x149
  • Property Condition: No Additions/Alter
  • Stories: 2
  • Year Built: 1957
  • Builders Tract Name: John Perron
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: In Carport
  • Laundry Equipment: Lease
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 265.86

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Mgmt Co Phone: 6266257123
  • Phone: 6266257123

Lot Info

  • Assessed Improvement Value: 288936
  • Assessed Land Value: 352982
  • Total Assessed Value: 641918
  • Assessor Parcel Number: 5626-013-005
  • Geocode Override: No
  • Lot Location: Alley Access
  • Lot Size Area: 7411

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.97
  • Number Of Units: 6
  • Type Of Units: ATTACHED

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
04/08/2015 04/08/15 Sold $1,315,000 +1.2% $269 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
02/15/2015 02/15/15 For Sale $1,299,000 -- $266 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Perron

    Seller's Agent in 2015

    John Perron

    John N. Perron

    (818) 242-8103

    John Perron
    Section Image
  • Rick Dergan

    Buyer's Agent in 2015

    Rick Dergan

    LPT Realty, Inc

    (424) 274-2533

    128 Total Sales

    Rick Dergan
    Section Image
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Map

Source: The MLS

MLS Number: 15-880431

The MLS
California Los Angeles County Glendale 91201 Riverside Rancho

324 Western Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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