NOT LISTED FOR SALE
3 Beds
4 Baths
10,354 Sq Ft
8,729 Sq Ft Lot

Last Sold May 06, 2019

Last sale price $4,550,000 $439 Per Sq Ft

105 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property
  • Herbert Hoover High School Rated A-

About This Home

As of May 2019

We are proud to represent this 11-unit apartment building in Glendale.
The building was constructed in 1986, and its unit mix consists of (10) two-bedroom, two-bathroom units and (1) one-bedroom, two-bath townhouse units. With a lot size of 8,750 square feet, the property has a total of 10,354 rentable square feet.
The property is entirely turn key and features high ceilings on the top floors, secured entry and parking, and all units have been upgraded with hardwood floors. The property is located in Glendale, which is a highly desirable rental market. As a major production center for the entertainment and animation industry, the city offers many amenities and attractions. Its residents enjoy excellent shopping and dining at the Americana at Brand, which features 75 shops and restaurants, as well an 18-plex theater. The city’s numerous high-rated restaurants and attractions earned its title as Los Angeles neighborhood of the year in Curbed magazine.
The property is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 11/20/2018

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,729 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 11 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 10,354 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 82
  • Tax Tract Number 726
  • Assessor Parcel Number 5636004001

Community Details

Overview

  • 11 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Insurance Expense $1,800
  • New Taxes Expense $51,767
  • Operating Expense $74,267
  • Gross Income $273,654
  • Net Operating Income $199,387

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

8,729 Sq Ft Lot

Parking

11

Listing Details

  • CapRate: 4.18
  • Property Attached: Yes
  • Zoning: GLR4*
  • Property Type: Residential Income
  • Parcel Number: 5636004001
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 439.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 8729.00
  • Lot Size Acres: 0.2004

Multi Family

  • Gross Income: 273654.00
  • Gross Multiplier: 16.90
  • Gross Scheduled Income: 277788.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8729.0000 Square Feet
  • Net Operating Income: 199387.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 74267.00
  • Rent Control: No
  • Total Expenses: 74267.00

Tax Info

  • New Taxes Expense: 51767.00
  • Tax Census Tract: 3012.04
  • Tax Lot: 82
  • Tax Tract Number: 726
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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
05/06/2019 05/06/19 Sold $4,550,000 -6.7% $439 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $4,875,000 -- $471 / 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 $55,426 $5,075,607 $2,030,242 $3,045,365
2024 $55,426 $4,976,086 $1,990,434 $2,985,652
2023 $54,167 $4,878,516 $1,951,406 $2,927,110
2022 $53,242 $4,782,860 $1,913,144 $2,869,716
2021 $52,324 $4,689,080 $1,875,632 $2,813,448
2019 $674 $4,490,950 $2,040,000 $2,450,950
2018 $48,930 $4,402,950 $2,000,000 $2,402,950
2017 $33,488 $2,970,000 $1,870,000 $1,100,000
2016 $31,859 $2,860,000 $1,800,700 $1,059,300
2015 $29,957 $2,700,000 $1,700,000 $1,000,000
2014 $30,311 $2,700,000 $1,700,000 $1,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18277553

California Regional Multiple Listing Service (CRMLS)
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