Dolores Park
Epique Realty
(805) 273-8301
45 Total Sales
1 in City Center
$471,500 Price
415 E Lexington Dr Glendale, CA 91206
City Center Neighborhood
10
Beds
10
Baths
6,691
Sq Ft
7,500
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
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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
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
Feb 11, 2020
Sold by
Bought by
Purchase Details
Listed on
Mar 4, 2019
Closed on
Apr 24, 2019
Sold by
Bought by
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Art Avaness
RE/MAX Signature
List Price
$2,300,000
Sold Price
$2,125,000
Premium/Discount to List
-$175,000
-7.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 4, 2019
Closed on
Apr 23, 2019
Sold by
Bought by
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Art Avaness
RE/MAX Signature
List Price
$2,300,000
Sold Price
$2,125,000
Premium/Discount to List
-$175,000
-7.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 4, 2019
Closed on
Apr 22, 2019
Sold by
Bought by
Seller's Agent
Vince Kalachian
Keller Williams Realty
Buyer's Agent
Art Avaness
RE/MAX Signature
List Price
$2,300,000
Sold Price
$2,125,000
Premium/Discount to List
-$175,000
-7.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in City Center, CA
-
Dolores Park
-
Clara Blunk
Clara Blunk
Anvil Real Estate
(747) 247-8851
13 Total Sales
1 in City Center
$608,250 Price
-
Addora Beall
Addora Beall
Coldwell Banker Hallmark
(747) 234-2668
26 Total Sales
1 in City Center
$559,000 Price
-
Sheida Rezazadeh
Sheida Rezazadeh
Keller Williams R. E. Services
(747) 307-5722
20 Total Sales
1 in City Center
$510,000 Price
-
Brent Ballard
Brent Ballard
Anderson Ballard Companies
(747) 307-4526
164 Total Sales
2 in City Center
$2.8M - $4.5M Price Range
-
Vartan Ambarian
Vartan Ambarian
Keller Williams R. E. Services
(747) 292-6978
20 Total Sales
1 in City Center
$819,000 Price
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 |
|---|---|---|---|
| -- | None Available | ||
| $2,125,000 | Lawyers Title Company | ||
| -- | Lawyers Title Company | ||
| -- | Lawyers Title Company | ||
| -- | -- |
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 | $1,020,000 | ||
| Previous Owner | $800,000 |
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 |
|---|---|---|---|---|
| 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
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 | $26,538 | $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
Seller's Agent in 2019
Vince Kalachian
Keller Williams Realty
(818) 631-8855
1 in this area
12 Total Sales
-
Melina Kalachian, CCIM
Seller Co-Listing Agent in 2019
Melina Kalachian, CCIM
Keller Williams Realty
(818) 522-1900
2 in this area
13 Total Sales
-
Art Avaness
Buyer's Agent in 2019
Art Avaness
RE/MAX
(213) 505-7833
1 in this area
44 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P0-819000931
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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