NOT LISTED FOR SALE

459 Vine St Glendale, CA 91204

Pacific-Edison Neighborhood
32 Beds
42 Baths
18,754 Sq Ft
0.29 Acres

Last Sold August 30, 2019

Last sale price $9,800,000 $523 Per Sq Ft

11 Days on Market

About This Home

As of August 2019

32 units, located on two parcels of 16 units each. Townhouse and single level units. Gated property and has great upside on rents.

Last Agent to Sell the Property

David Brock

Beven & Brock Property Management Company, Inc License #00644454 Listed on: 08/09/2019

Last Buyer's Agent

David Nalbandyan

LA Premier Realty License #01869296

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.29 Acre Lot

Parking

  • 56 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3-Story Property
  • Dishwasher

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5696006040

Community Details

Overview

  • 32 Units

Building Details

  • 30 Leased Units
  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $23,554
  • Maintenance Expense $25,000
  • Professional Management Expense $29,029
  • New Taxes Expense $110,400
  • Gross Income $575,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

56

Listing Details

  • CapRate: 3.50
  • Professional Management Expense: 29029.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5696006040
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Appliances: Yes
  • Levels: Three Or More

Garage/Parking

  • Garage Spaces: 56.00
  • Total Parking Spaces: 56.00

Utilities

  • Appliances: Dishwasher

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12510.00
  • Lot Size Acres: 0.2900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 575160.00
  • Gross Multiplier: 16.61
  • Gross Operating Income: 557905.00
  • Gross Scheduled Income: 573360.00
  • Insurance Expense: 23554.00
  • Lot Size Area: 12510.0000 Square Feet
  • Maintenance Expense: 25000.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 30
  • Number Of Units Total: 32

Tax Info

  • New Taxes Expense: 110400.00

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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Average Value
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List Price
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
08/30/2019 08/30/19 Sold $9,800,000 +1.8% $523 / Sq Ft
08/09/2019 08/09/19 For Sale $9,625,000 -- $513 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $59,054 $5,358,863 $2,143,545 $3,215,318
2024 $59,054 $5,253,788 $2,101,515 $3,152,273
2023 $57,725 $5,150,773 $2,060,309 $3,090,464
2022 $56,739 $5,049,778 $2,019,911 $3,029,867
2021 $55,711 $4,950,763 $1,980,305 $2,970,458
2019 $33,196 $2,943,985 $588,788 $2,355,197
2018 $32,634 $2,886,261 $577,244 $2,309,017
2016 $31,000 $2,774,186 $554,830 $2,219,356
2015 $30,376 $2,732,516 $546,496 $2,186,020
2014 $30,189 $2,678,990 $535,791 $2,143,199
Source: Public Records

Agents Affiliated with this Home

  • David Brock

    Seller's Agent in 2019

    David Brock

    Beven & Brock Property Management Company, Inc

    (626) 390-3099

    24 Total Sales

    David Brock
    Section Image
  • David Nalbandyan

    Buyer's Agent in 2019

    David Nalbandyan

    LA Premier Realty

    (818) 469-4382

    2 in this area

    81 Total Sales

    David Nalbandyan
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819003721

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Glendale 91204 Pacific-Edison

459 Vine St, Glendale, CA

Not Listed for Sale

MultiFamily

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