Seller's Agent in 2020
Gary Legaspi
AY Realty
(310) 896-5170
12 Total Sales
501 Alexander St Glendale, CA 91203
Vineyard Neighborhood
13
Beds
7
Baths
6,084
Sq Ft
5,644
Sq Ft Lot
Highlights
- Open Floorplan
- Dual Staircase
- Traditional Architecture
- Herbert Hoover High School Rated A-
- Mountain View
- 4-minute walk to Milford Mini Park
About This Home
As of January 20207-UNIT INCOME PROPERTY FOR THE SAVVY INVESTOR
Located in the very desirable city of Glendale, this 7-unit property is ideally situated within close proximity to shopping and transportation. It is very accessible from the 134 and 5 freeways. Public transportation stops are within walking distance.
The unit mix is six 2-bedroom 1-bath and one 1-bedroom 1-bath units. The building is fully rented. Five of the seven units have been completely renovated while the other two were partially done. Majority of the exterior light fixtures have been upgraded to LED. The building has been freshly painted. Efficient double-pane vinyl windows were recently installed on the front of the upstairs units.
Tenants appreciate all the features and conveniences offered by 501 Alexander, It is a stable income-producing asset with upside potential. This makes it an excellent addition to a savvy investor’s portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 5,644 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Fence is in fair condition
- Landscaped
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Traditional Architecture
- Property Attached
- Slab Foundation
- Fire Rated Drywall
- Frame Construction
- Tile Roof
- Composition Roof
- Common Roof
- Stucco
Interior Spaces
- 6,084 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Dual Staircase
- Living Room
- Laminate Flooring
- Mountain Views
- Laundry Room
Kitchen
- Gas Range
- Range Hood
- Formica Countertops
- Disposal
Bedrooms and Bathrooms
- 13 Bedrooms
- 7 Bathrooms
Parking
- 5 Open Parking Spaces
- 12 Parking Spaces
- 7 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
Additional Features
- Rain Gutters
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 325
- Tax Tract Number 1744
- Assessor Parcel Number 5637024036
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $1,364
- Insurance Expense $1,779
- Other Expense $539
- Professional Management Expense $4,700
- Supplies Expense $3,616
- Trash Expense $1,005
- Water Sewer Expense $4,496
- New Taxes Expense $31,250
- Operating Expense $48,749
- Gross Income $148,200
- Net Operating Income $103,051
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/06/2020 01/06/20 | Sold | $2,425,000 | -3.0% | $399 / Sq Ft |
| 11/11/2019 11/11/19 | Pending | -- | -- | -- |
| 09/05/2019 09/05/19 | For Sale | $2,500,000 | -- | $411 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Gary Legaspi
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19213883
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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