NOT LISTED FOR SALE

406 Griswold St Glendale, CA 91205

Somerset Neighborhood
10 Beds
10 Baths
6,394 Sq Ft
7,712 Sq Ft Lot

Last Sold August 14, 2013

Last sale price $1,400,000 $219 Per Sq Ft

42 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Sliding Doors

About This Home

As of August 2013

Great location! Nice neighborhood. Excellent rental area near shops, restaurants, schools, bus stop, medical facilities, highways, etc. Well maintained low maintenance low rise garden style building consists of four spacious 2 bedrooms 2 baths townhouse style units with ground level entry plus 2 large 1 bedroom 1 bath units on the second floor. 5 units have covered parking. All units have been remodeled. Some recently. Onsite laundry room. Great rental history with upside potential. Click on "Supplement" below picture, then on the "Info Brochure" to view additional information. There is no " For Sale " sign on the property. PLEASE DRIVE BY ONLY! DO NOT WALK ON THE PROPERTY OR DISTURB THE TENANTS! All offers are subject to inspection.

Last Agent to Sell the Property

Sam Kazemi

Estate Properties License #01798403 Listed on: 06/07/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,712 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 6,394 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Free-Standing Range
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 55
  • Tax Tract Number 4478
  • Assessor Parcel Number 5680017010

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Insurance Expense $4,500
  • Maintenance Expense $9,180
  • Trash Expense $840
  • Water Sewer Expense $2,520
  • New Taxes Expense $15,600
  • Gross Income $7,500
  • Net Operating Income $50,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.68
  • Price Per Unit: 230000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2520.00
  • Property Type: Residential Income
  • Parcel Number: 5680017010
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 218.96

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Block
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Concrete
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Free-Standing Range, Water Heater Central
  • Laundry Features: Individual Room
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7712.00
  • Lot Size Acres: 0.1770

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 780.00
  • Gross Income: 7500.00
  • Gross Multiplier: 15.33
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 4500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7712.0000 Square Feet
  • Maintenance Expense: 9180.00
  • Net Operating Income: 50760.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 35640.00
  • Rent Control: No
  • Total Actual Rent: 7500.00
  • Vacancy Allowance: 3600

Tax Info

  • New Taxes Expense: 15600.00
  • Tax Lot: 55
  • Tax Tract Number: 4478
  • Tax Year: 2012

Range of Values:

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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 Change Sq Ft Price
08/14/2013 08/14/13 Sold $1,400,000 +1.5% $219 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $1,379,900 -- $216 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sam Kazemi

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13108321

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91205 Somerset

406 Griswold St, Glendale, CA

This home is located at 406 Griswold St, Glendale, CA 91205 since 07 June 2013. This property was built in 1963. 406 Griswold St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, Woodrow Wilson Middle School, and Glendale High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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