NOT LISTED FOR SALE
5 Beds
4 Baths
23,598 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: September 16, 2025

Last sale price $10,130,000 $429 Per Sq Ft

85 Days on Market

Highlights

  • 0.53 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Herbert Hoover High School Rated A-
  • Park
  • 3-minute walk to Harvard Mini Park

About This Home

As of September 2025

First time on the market since built in 1987, this well maintained apartment is well located within very close proximity to the Americana at Brand, the Glendale Galleria, and Downtown Glendale. Exceptional unit mix, with all two bedroom two bath units plus one three bedroom two bath unit (managers unit). The property benefits from copper plumbing, central air conditioning and heating, secured gated subterranean parking, and a gated main entrance into the building. There is a laundry room on site equipped with 3 washers and 3 dryers, owned and operated by the Seller. Please contact listing agent for additional questions or information. All offers are subject to inspection, absolutely no tours prior to receipt of an acceptable offer with evidence of funds and pre-qualification from lender. Seller and Sellers' agent make no representations or warranties as to the accuracy of the marketing information provided, Buyer and Buyers agent to conduct any and all investigations independently.

Last Agent to Sell the Property

George Issaians

Keller Williams R. E. Services Brokerage Phone: 818-426-6434 License #01110656 Listed on: 05/08/2025

Keller Williams R. E. Services

Last Buyer's Agent

George Issaians

Keller Williams R. E. Services Brokerage Phone: 818-426-6434 License #01110656 Listed on: 05/08/2025

Keller Williams R. E. Services
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 22,938 Sq Ft Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Parking

  • 46 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor
  • Asphalt Roof

Interior Spaces

  • 23,598 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 9602
  • Assessor Parcel Number 5695011045
  • $2,758 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 26 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 26 Leased Units
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,745
  • Gardener Expense $6,600
  • Insurance Expense $15,002
  • Maintenance Expense $21,210
  • Pest Control $1,702
  • Professional Management Expense $24,745
  • Trash Expense $11,865
  • Water Sewer Expense $19,382
  • New Taxes Expense $120,500
  • Operating Expense $225,720
  • Gross Income $718,992
  • Net Operating Income $481,292

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.53 Acres

Parking

46

Listing Details

  • CapRate: 4.60
  • Professional Management Expense: 24745.00
  • Property Attached: Yes
  • Water Sewer Expenses: 19382.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 6600.00
  • Parcel Number: 5695011045
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 429.27

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 46.00
  • Total Parking Spaces: 46.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 1702.00
  • Sewer: Public Sewer
  • Trash Expense: 11865.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 22938.00
  • Lot Size Acres: 0.5266

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 845 Square Feet
  • Average3 Bed Area: 975 Square Feet
  • Electric Expense: 1745.00
  • Gross Income: 718992.00
  • Gross Multiplier: 14.60
  • Gross Scheduled Income: 718992.00
  • Insurance Expense: 15002.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 22938.0000 Square Feet
  • Maintenance Expense: 21210.00
  • Net Operating Income: 481292.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 26
  • Number Of Units Total: 26
  • Operating Expense: 225720.00
  • Rent Control: No
  • Total Actual Rent: 718992.00
  • Total Expenses: 225720.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 120500.00
  • Tax Census Tract: 3023.01
  • Tax Lot: 14
  • Tax Tract Number: 9602
  • TaxOtherAnnualAssessmentAmount: 2758.00

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
May 8, 2025
Closed on
Jul 18, 2025
Sold by
John R Parks Gst Trust and Parks John R
Bought by
Seller's Agent
George Issaians
Keller Williams R. E. Services
Buyer's Agent
George Issaians
Keller Williams R. E. Services
List Price
$11,500,000
Sold Price
$10,130,000
Premium/Discount to List
-$1,370,000
-11.91%
Views
26

Purchase Details

Closed on
Jan 26, 2022
Sold by
San Pasqual Fiduciary Trust Company
Bought by
Huston Janet P and Parks John R

Purchase Details

Closed on
Jan 20, 2022
Sold by
San Pasqual Fiduciary Trust Company
Bought by
John R Parks Gst Trust

Purchase Details

Closed on
Sep 9, 2014
Sold by
Parks Robert M and Parks Family Trust
Bought by
Parks John R and The Parks Legacy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2012
Sold by
Parks Robert M and Parks Audrey L
Bought by
Parks John R and Parks Legacy Trust
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
$10,130,000 First American Title
Huston Janet P -- Kelly Benjamin J
John R Parks Gst Trust -- Kelly Benjamin J
Parks John R -- Ticor Title Company
Parks John R -- Ticor Title Company
Parks John R -- None Available
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
Previous Owner $4,450,000
Previous Owner Parks John R $3,650,000
Previous Owner Parks John R $2,500,000
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
09/16/2025 09/16/25 Sold $10,130,000 -3.5% $429 / Sq Ft
06/02/2025 06/02/25 Price Changed $10,500,000 -8.7% $445 / Sq Ft
05/08/2025 05/08/25 For Sale $11,500,000 -- $487 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $39,282 $10,130,000 $3,960,000 $6,170,000
2025 $39,282 $3,373,504 $312,586 $3,060,918
2024 $38,667 $3,307,357 $306,457 $3,000,900
2023 $37,830 $3,242,508 $300,449 $2,942,059
2022 $37,194 $3,178,930 $294,558 $2,884,372
2021 $36,450 $3,116,599 $288,783 $2,827,816
2020 $35,938 $3,084,643 $285,822 $2,798,821
2019 $35,105 $3,024,161 $280,218 $2,743,943
2018 $34,383 $2,964,865 $274,724 $2,690,141
2016 $32,570 $2,849,738 $264,057 $2,585,681
2015 $31,930 $2,806,933 $260,091 $2,546,842
2014 $31,810 $5,615,378 $3,365,209 $2,250,169
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25102668

California Regional Multiple Listing Service (CRMLS)
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