Seller's Agent in 2019
Vince Kalachian
Keller Williams Realty
(818) 631-8855
1 in this area
13 Total Sales
415 E Lexington Dr Glendale, CA 91206
City Center Neighborhood
10
Beds
10
Baths
6,691
Sq Ft
7,405
Sq Ft Lot
About This Home
As of May 2019A rare opportunity to purchase 5 units multifamily investment property located in prime Downtown Glendale location.First time on market for over 42 years. Built in 1976, the building has an exceptional unit mix of (5) 2+2, situated on a 7,500 SF of land. The property features super large units, approx. 6,691 SF building size, central A/C and heating, balconies, separate laundry hook-ups and 2 car private garages for each unit.The property is in pristine condition and has a great curb appeal, where all are front facing units, separate gas and electric meters and copper plumbing. It's located in a much desired prime rental location, within Downtown Glendale and walking distance to The Americana and Glendale Galleria.
Last Agent to Sell the Property
Keller Williams Realty License #01172350 Listed on: 03/04/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 7,500
Parking
- 10 Car Garage
Home Design
- Property Attached
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Additional Features
- 2-Story Property
- 7,500 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 5643007041
Community Details
Overview
- 5 Units
Building Details
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,073
- Maintenance Expense $3,700
- Water Sewer Expense $3,977
- New Taxes Expense $28,750
- Gross Income $119,100
- Net Operating Income $77,018
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2019 05/01/19 | Sold | $2,125,000 | -7.6% | $318 / Sq Ft |
| 04/02/2019 04/02/19 | Pending | -- | -- | -- |
| 03/04/2019 03/04/19 | For Sale | $2,300,000 | -- | $344 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $26,281 | $2,370,474 | $1,115,517 | $1,254,957 |
| 2024 | $26,281 | $2,323,995 | $1,093,645 | $1,230,350 |
| 2023 | $25,693 | $2,278,427 | $1,072,201 | $1,206,226 |
| 2022 | $25,257 | $2,233,753 | $1,051,178 | $1,182,575 |
| 2021 | $24,814 | $2,189,955 | $1,030,567 | $1,159,388 |
| 2020 | $24,475 | $2,169,000 | $1,020,000 | $1,149,000 |
| 2019 | $1,358 | $2,001,500 | $800,000 | $1,201,500 |
| 2018 | $6,824 | $549,710 | $164,411 | $385,299 |
| 2016 | $6,418 | $526,925 | $158,028 | $368,897 |
| 2015 | $6,299 | $519,011 | $155,655 | $363,356 |
| 2014 | $6,279 | $508,845 | $152,606 | $356,239 |
Source: Public Records
Agents Affiliated with this Home
-
Vince Kalachian
-
Melina Kalachian, CCIM
Seller Co-Listing Agent in 2019
Melina Kalachian, CCIM
Keller Williams Realty
(818) 522-1900
2 in this area
14 Total Sales
-
Art Avaness
Buyer's Agent in 2019
Art Avaness
RE/MAX
(213) 505-7833
1 in this area
49 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P0-819000931
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