NOT LISTED FOR SALE
39 Beds
39 Baths
19,660 Sq Ft
0.4 Acres

Last Sold December 19, 2023

Last sale price $7,710,000 $392 Per Sq Ft

25 Days on Market

Highlights

  • In Ground Pool
  • 0.4 Acre Lot
  • Air Conditioning
  • Herbert Hoover High School Rated A-
  • Subterranean Parking
  • 4-minute walk to Doran Gardens Mini-Park

About This Home

As of December 2023

We are proud to exclusively present 416 Pioneer Drive in the city of Glendale. Located south of the 134 Freeway, between Pacific Avenue and Central Avenue, and north of Doran Street, 416 Pioneer Drive offers an investor the rare opportunity to own an excellent piece of real estate in one of the most prominent submarkets within the Tri-Cities and the San Fernando Valley. 416 Pioneer Drive is a two-story, 26-unit multifamily property constructed in 1963 on a 17,612 square foot lot, with a total building size of 19,660 square feet. The neatly landscaped, controlled access property is well maintained, is separately metered for gas and electric, is serviced by a central water heater, and offers a subterranean parking spaces with storage areas. 416 Pioneer Drive boasts an excellent unit mix of one studio/one bathroom unit, fourteen one-bedroom/one-bathroom units, four two-bedroom/one-and-a-half-bathroom units, six two-bedroom/two bathroom units, and one three-bedroom/two-bathroom unit. The units offer laminate wood and tile flooring, a stove, ceiling fans, air conditioning and heating units. Positioned in one of the most attractive neighborhoods in Glendale, 416 Pioneer Drive is within close proximity to major retail, dining, and entertainment destinations in Downtown Glendale. The Property is also minutes from Glendale Fashion Center, LA Zoo, Griffith Park, Griffith Observatory, and Glendale Community College. 416 Pioneer Drive is conveniently situated approximately 1.2 miles away from the Golden State (I-5) Freeway and Ventura (SR-134) Freeway, offering ease of access to employment centers in Burbank, Downtown Los Angeles, and Pasadena.

Last Agent to Sell the Property

Jenny Eng

CBRE License #01931224 Listed on: 09/25/2023

Last Buyer's Agent

Kirk Garabedian

Keller Williams R. E. Services License #01216376

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.4 Acre Lot
  • Gated Home

Interior Spaces

  • 19,660 Sq Ft Home
  • 3-Story Property
  • Laundry in unit

Kitchen

  • Oven or Range
  • Range

Bedrooms and Bathrooms

  • 39 Bedrooms
  • 39 Bathrooms

Parking

  • 44 Open Parking Spaces
  • 44 Parking Spaces
  • 44 Carport Spaces
  • Subterranean Parking
  • Automatic Gate

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 26 Units

Listing and Financial Details

  • Assessor Parcel Number 5637-022-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 19660
  • Lot Acreage: 0.4043
  • Probate: No
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Range
  • Bedrooms: 39
  • Laundry: In Unit
  • Total Bathrooms: 39.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 419.63

Exterior Features

  • Other Structures: None
  • Pool Description: Fenced, In Ground
  • Pool: Yes

Garage/Parking

  • Carport Spaces: 44
  • Other Spaces: 44
  • Parking Garage: Subterranean
  • Total Parking: 44

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Security: Automatic Gate, Gated

Lot Info

  • Assessed Improvement Percent: 32.15
  • Assessed Improvement Value: 122762
  • Assessed Land Percent: 67.85
  • Assessed Land Value: 259052
  • Total Assessed Value: 381814
  • Assessor Parcel Number: 5637-022-025
  • Lot Size Area: 17612

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.21
  • Number Of Units: 26
  • Type Of Units: Multifamily

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
12/19/2023 12/19/23 Sold $7,710,000 -6.5% $392 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $8,250,000 0.0% $420 / Sq Ft
12/02/2022 12/02/22 Price Changed $1,750 -2.5% $3 / Sq Ft
08/02/2022 08/02/22 For Rent $1,795 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-313723

The MLS