NOT LISTED FOR SALE
9 Beds
11 Baths
-- Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: December 1, 2016

Last sale price $3,275,000

6 Days on Market

About This Home

As of December 2016

A rare opportunity to purchase 10 units multifamily investment property located in prime Downtown Glendale. The land is zoned to develop 19+ condos. Buy and hold as 10 units or develop into a 19+ condos or apartments project. The property consist of 2 parcels, a duplex and an 8 units and has total of 8,811 sqft building size, built in 1920/1923 and has a unit mix of (1) 3+2 front house, (1) 1+1 back house, (1) 2+1, (3) 1+1 and (4) 0+1 situated on a 19,293 sqft lot. The property features spacious units in good condition, individual laundry hook-ups in some units, 8 garages and 8 parking spaces, separate gas and electric meters. It's located next to a 164 units mixed use development anchored by CVS Pharmacy on ground level, 1 block from Glendale Galleria and walking distance to The Americana.

Last Agent to Sell the Property

Vince Kalachian

Keller Williams Realty License #01172350 Listed on: 08/23/2016

Keller Williams Realty

Co-Listed By

Melina Kalachian, CCIM

Keller Williams Realty License #01877904

Last Buyer's Agent

Vince Kalachian

Keller Williams Realty License #01172350 Listed on: 08/23/2016

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,000

Year Built

  • Built in 1923

Lot Details

  • 19,293 Sq Ft Lot

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5637009025

Community Details

Overview

  • 4 Buildings
  • 10 Units
  • Not Applicable 1007242 Subdivision

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,719
  • Maintenance Expense $3,600
  • Trash Expense $1,428
  • Water Sewer Expense $3,480
  • Net Operating Income $111,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,000

Year Built

Built in 1923

Lot Details

0.44 Acres

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 3480.00
  • Zoning: R1250
  • Property Type: Residential Income
  • Parcel Number: 5637009025
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Trash Expense: 1428.00

Lot Info

  • Lot Size Sq Ft: 19293.00
  • Lot Size Acres: 0.4400

Multi Family

  • Gross Multiplier: 19.00
  • Insurance Expense: 3719.00
  • Lot Size Area: 19293.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 111096.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Operating Expense: 53427.00

Tax Info

  • Tax Annual Amount: 40000.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
12/01/2016 12/01/16 Sold $3,275,000 0.0% --
08/29/2016 08/29/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $3,275,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $33,665 $3,017,516 $1,207,005 $1,810,511
2024 $33,262 $2,958,350 $1,183,339 $1,775,011
2023 $32,513 $2,900,344 $1,160,137 $1,740,207
2022 $31,961 $2,843,476 $1,137,390 $1,706,086
2021 $31,413 $2,787,723 $1,115,089 $1,672,634
2019 $30,225 $2,709,040 $1,082,016 $1,627,024
2018 $29,724 $2,656,000 $1,060,800 $1,595,200
2016 $1,778 $93,567 $50,930 $42,637
2015 $1,757 $92,162 $50,165 $41,997
2014 $1,807 $90,358 $49,183 $41,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316008008

Pasadena-Foothills Association of REALTORS®
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