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

Sale Details

Date 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

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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

5,812 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2012
Closed on
Jan 23, 2013
Sold by
Bought by
Seller's Agent
Eddie Safa
AXES Group Inc
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$959,000
Sold Price
$960,500
Premium/Discount to List
$1,500
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$352,548
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,500
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.68%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$960,509 Title 365
-- Chicago Title Company
$690,000 Fidelity
-- Stewart Title
-- Fidelity
$570,000 Fidelity
-- --
-- --
-- North American Title Co
-- North American Title Co
$78,772 North American Title Co
$78,772 North American Title Co
$78,727 North American Title Co
$78,727 North American Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $525,000
Previous Owner $350,000
Previous Owner $354,500
Previous Owner $360,000
Previous Owner $360,000
Previous Owner $210,000
Source: Public Records

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
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

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 $13,283 $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

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Map

Source: The MLS

MLS Number: 12-639967

The MLS
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