NOT LISTED FOR SALE
12 Beds
6 Baths
3,576 Sq Ft
8,604 Sq Ft Lot

Sale Details

Date Sold: June 8, 2012

Last sale price $1,105,000 $309 Per Sq Ft

73 Days on Market

Highlights

  • No HOA
  • Herbert Hoover High School Rated A-
  • Forced Air Heating System

About This Home

As of June 2012

Income property in Glendale. Great value per annual income and square footage. This owner kept an eye on the building and the property maintenance is great. Positive cash flow. Building has gone through intensive remodeling for the last 3 years. Newer Kitchens, Bathrooms, Bedrooms, partial copper plumbing, newer sewer line, and lot more. Drive by only. Do not contact occupants. For more details, please call listing agent directly.

Last Agent to Sell the Property

Ludwig Parsamian

City Center Realty Group License #01807802 Listed on: 02/17/2012

Last Buyer's Agent

Albert Hughes

Albert Hughes License #01328525

Albert Hughes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,604

Home Design

  • 3,576 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 24 Parking Spaces
  • Parking Available

Additional Features

  • 8,604 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 7079
  • Assessor Parcel Number 5626001019

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $2,300
  • Maintenance Expense $848
  • Pest Control $36
  • Trash Expense $816
  • Water Sewer Expense $1,700
  • New Taxes Expense $10,600
  • Gross Income $7,050
  • Net Operating Income $67,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

8,604 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Water Sewer Expenses: 1700.00
  • Property Type: Residential Income
  • Parcel Number: 5626001019
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 309.00

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 24.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Pest Control Expense: 36.00
  • Trash Expense: 816.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8604.00
  • Lot Size Acres: 0.2000

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 7050.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 84600.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 8604.0000 Square Feet
  • Maintenance Expense: 848.00
  • Net Operating Income: 67520.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 17080.00
  • Rent Control: No
  • Total Actual Rent: 7050.00

Tax Info

  • New Taxes Expense: 10600.00
  • Tax Lot: 14
  • Tax Tract Number: 7079
  • Tax Year: 2011

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 17, 2012
Closed on
May 3, 2012
Sold by
Bought by
Seller's Agent
Ludwig Parsamian
City Center Realty Group
Buyer's Agent
Albert Hughes
Albert Hughes
List Price
$1,125,000
Sold Price
$1,105,000
Premium/Discount to List
-$20,000
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
0.0384%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 10, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0642%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0674%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0579%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$1,485,000 Ticor Title Company Of Ca
$1,105,011 Lawyers Title
-- United Title Company L A
-- United Title Company L A
-- United Title Company L A
$1,050,000 United Title Company L A
$740,000 Ticor Title Co Glendale
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,015,000
Closed $910,000
Previous Owner $765,000
Previous Owner $610,000
Previous Owner $630,000
Previous Owner $630,000
Previous Owner $500,000
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
06/08/2012 06/08/12 Sold $1,105,000 -1.8% $309 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $1,125,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,227 $1,624,059 $1,203,008 $421,051
2024 $18,188 $1,592,216 $1,179,420 $412,796
2023 $17,786 $1,560,997 $1,156,295 $404,702
2022 $17,486 $1,530,390 $1,133,623 $396,767
2021 $17,191 $1,500,384 $1,111,396 $388,988
2019 $14,280 $1,247,707 $774,673 $473,034
2018 $13,977 $1,223,312 $759,484 $463,828
2016 $13,303 $1,172,447 $729,994 $442,453
2015 $13,039 $1,154,836 $719,029 $435,807
2014 $12,956 $1,132,216 $704,945 $427,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12022312

California Regional Multiple Listing Service (CRMLS)
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