NOT LISTED FOR SALE

507 Porter St Glendale, CA 91205

Somerset Neighborhood
13 Beds
3 Baths
6,136 Sq Ft
7,496 Sq Ft Lot Lot

Sale Details

Date Sold: June 29, 2016

Last sale price $2,500,000 $407 Per Sq Ft

35 Days on Market

About This Home

As of June 2016

SELLER WILL CARRY A FINANCING WITH $850,000 DOWN!!! We are pleased to present 507 Porter Street--a seven (7) unit multifamily investment opportunity located in prime Glendale. This two story, wood frame stucco building consists of 6,136 SF of living area and is situated on a 7,497 SF lot zoned GLR4. This property features: Four (4) Two Bedroom / Two Bathroom units, Two (2) Two Bedroom / One Bath units, and One (1) Three Bedroom / Two and ¾ Bathroom unit. All units have been updated with laminate flooring, updated kitchens, bathrooms with tile flooring, and some granite countertops. The Owner recently installed a brand new automatic security gate for the tenants. Further, the property achieves additional income from an on-site laundry room and provides 14 parking spaces for the tenants. A new owner/investor will benefit from units that are in high rental demand, non-rent controlled, and tremendous rental upside.Call Listing Agents for Details.

Last Agent to Sell the Property

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 04/14/2016

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Jonathan Prakash

Equity Union License #01483131

Last Buyer's Agent

Mandi Liedtke

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 7,496 Sq Ft Lot

Interior Spaces

  • 6,136 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 3 Bathrooms

Parking

  • 14 Parking Spaces
  • Carport

Utilities

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

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5680-011-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

7,496 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6136
  • Stories: 2
  • Year Built: 1984
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 407.43

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport Attached, Carport Detached
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 573205
  • Assessed Land Value: 370720
  • Assessor Parcel Number: 5680-011-004
  • Geocode Override: No
  • Lot Size Area: 7496

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.66
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: 2s, 3s
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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
06/29/2016 06/29/16 Sold $2,500,000 0.0% $407 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $2,500,000 -- $407 / Sq Ft
Source: The MLS

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 $32,944 $2,959,487 $1,183,794 $1,775,693
2024 $32,591 $2,901,459 $1,160,583 $1,740,876
2023 $31,857 $2,844,569 $1,137,827 $1,706,742
2022 $31,315 $2,788,794 $1,115,517 $1,673,277
2021 $30,780 $2,734,113 $1,093,645 $1,640,468
2019 $29,614 $2,660,420 $1,061,208 $1,599,212
2018 $29,166 $2,608,400 $1,040,400 $1,568,000
2016 $11,132 $958,319 $376,373 $581,946
2015 $10,916 $943,925 $370,720 $573,205
2014 $10,863 $925,436 $363,459 $561,977
Source: Public Records

Agents Affiliated with this Home

  • Derrick Vartanian

    Seller's Agent in 2016

    Derrick Vartanian

    Lyon Stahl Investment Real Estate, Inc.

    (310) 482-2200

    15 Total Sales

    Derrick Vartanian
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jonathan Prakash

    Equity Union

    (424) 600-7620

    6 Total Sales

    Jonathan Prakash
    Section Image

  • M

    Buyer's Agent in 2016

    Mandi Liedtke

  • L

    Buyer's Agent in 2016

    Levon Alexanian

See All Agents

Map

Source: The MLS

MLS Number: 16-115442

The MLS
California Los Angeles County Glendale 91205 Somerset

507 Porter St, Glendale, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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