NOT LISTED FOR SALE
5 Beds
5 Baths
3,172 Sq Ft
5,812 Sq Ft Lot

Last Sold January 31, 2013

Last sale price $960,500 $303 Per Sq Ft

11 Days on Market

About This Home

As of January 2013

Pride of ownership in an excellent rental area of City of Glendale. Well maintained building with low maintenace. 2 units have been completely remodeled. Walking distance to schools, medical centers, public transportation, shopping i.e. Ralphs, Whole Foods, Starbucks, etc. Property has rear access through the alley to two 2 car garages. Rents are low with an upside potential. Projected income CAP rate will be at +/- 5.5%. Glendale is NON RENT CONTROL.

Last Agent to Sell the Property

Eddie Safa

AXES Group Inc License #01384205 Listed on: 12/09/2012

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 5,812 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,172 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5643-012-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1951 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 3172
  • Lot Dimensions: A0.1334
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 302.33

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 2
  • Parking Garage: Garage Is Detached
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 3000.00
  • Heating: Wall Gas
  • Number Electric Meters: 5
  • Number Gas Meters: 5

Fee Information

  • Insurance Expense: 2500.00
  • Maintenance Expense: 1550.00

Lot Info

  • Assessed Improvement Value: 376928
  • Assessed Land Value: 502571
  • Assessor Parcel Number: 5643-012-006
  • Lot Size Area: 5812

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.15
  • Number Of Units: 5
  • Number Wall A C: 5
  • Rent Control: 0
  • Type Of Units: 1+1

Tax Info

  • Tax Expense: 10800.00

Range of Values:

--
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
01/31/2013 01/31/13 Sold $960,500 +0.2% $303 / Sq Ft
12/20/2012 12/20/12 Pending -- -- --
12/09/2012 12/09/12 For Sale $959,000 -- $302 / Sq Ft
Source: The MLS

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 $13,336 $1,182,774 $708,681 $474,093
2024 $13,336 $1,159,584 $694,786 $464,798
2023 $13,043 $1,136,848 $681,163 $455,685
2022 $12,823 $1,114,557 $667,807 $446,750
2021 $12,614 $1,092,704 $654,713 $437,991
2019 $12,147 $1,060,295 $635,295 $425,000
2018 $11,928 $1,039,506 $622,839 $416,667
2016 $11,345 $999,143 $598,654 $400,489
2015 $11,120 $984,136 $589,662 $394,474
2014 $11,047 $964,859 $578,112 $386,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-639967

The MLS