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
7,500
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
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
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
-
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
45 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P0-819000931
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