NOT LISTED FOR SALE

Estimated Value: $1,388,000 - $1,631,000

5 Beds
4 Baths
2,605 Sq Ft
$574/Sq Ft Est. Value

Last Sold October 26, 2022

Last sale price $1,350,000 $518 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,409/month

42 Days on Market

Highlights

  • 1 Car Garage
  • Herbert Hoover High School Rated A-
  • 1-Story Property

About This Home

As of October 2022

We are pleased to present 404 W. Windsor Road, a 4-unit multifamily property in Glendale that is on the market for the first time in 40 years. Built in 1923, the subject property consists of 2,605 sf of improvements spread out over three 1 bed/1 bath units and one 2 bed/1 bath unit. Currently, only one of the 1 bed/1 bath units is occupied, and the other three units will be delivered vacant. This property is comprised of two residential structures, one of which has a common area laundry room, and a third structure that is a private car garage. All units have individual water heaters and are separately metered for gas and electrical. The property sits on a 9,025 sf lot with R2250 zoning. A Buyer will have the option to explore the opportunity of adding ADUs to this site as well as renovating and re-leasing vacant units at current market rates. The property is well maintained, however it does need some minor cosmetic repairs along with some repairs to gas and plumbing lines.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 08/01/2022

Last Buyer's Agent

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 08/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,389

Year Built

  • Built in 1923

Lot Details

  • 9,025

Parking

  • 1 Car Garage
  • 5 Open Parking Spaces
  • Assigned Parking

Interior Spaces

  • 2,605 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 9,025 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5696-019-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,389

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2605
  • Lot Acreage: 0.2072
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 595.00

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 5
  • Garage Structures: 1
  • Parking Garage: Garage - 1 Car, Garage Is Detached, Assigned, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.18
  • Assessed Improvement Value: 59137
  • Assessed Land Percent: 75.82
  • Assessed Land Value: 185457
  • Total Assessed Value: 244594
  • Assessor Parcel Number: 5696-019-018
  • Lot Size Area: 9025

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 4
  • Total Annual Expense: 25000
  • Type Of Units: Standard
  • Vacancy Rate: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Oct 14, 2022
Sold by
Devietti John Frank
Bought by
Akit Lp
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Sevak Keshishian
Marcus & Millichap
List Price
$1,550,000
Sold Price
$1,350,000
Premium/Discount to List
-$200,000
-12.9%
Views
30
Current Estimated Value
$1,494,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,368
Avg. Annual Appreciation
3.64%
Original Mortgage
$877,500
Outstanding Balance
$832,376
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$661,992
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Akit Lp $1,350,000 Ticor Title
Devietti John Frank -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akit Lp $877,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $1,350,000 -12.9% $518 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $1,550,000 -- $595 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $15,389 $1,404,540 $842,724 $561,816
2024 $15,389 $1,377,000 $826,200 $550,800
2023 $15,041 $1,350,000 $810,000 $540,000
2022 $3,136 $249,485 $189,166 $60,319
2021 $3,073 $244,594 $185,457 $59,137
2019 $2,965 $237,341 $179,957 $57,384
2018 $2,798 $232,688 $176,429 $56,259
2016 $2,646 $223,654 $169,579 $54,075
2015 $2,596 $220,295 $167,032 $53,263
2014 $2,603 $215,981 $163,761 $52,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-184845

The MLS

APN: 5696-019-018