Addora Beall
Coldwell Banker Hallmark
(747) 234-2668
26 Total Sales
3 in Glenwood
$1.1M - $1.6M Price Range
530 Palm Dr Glendale, CA 91202
Glenwood Neighborhood
6
Beds
5
Baths
13,586
Sq Ft
0.28
Acre Lot
About This Home
As of February 2018We are pleased to introduce to you this rare opportunity to own 16 units in non- rent controlled Glendale, California. The Palm Glen apartments are a very well maintained asset boasting an extensive list of capital improvements over the years including upgrades to interior units. Detailed upgrades list in offering memorandum. Built in 1985, the assets incorporates central AC, subterranean parking and intercom/gated access. Offered already at in place CAP rate of 3.63% the asset also has 15% + loss to lease to further improve the NOI. Glendale has historically low vacancy factor and his in a supply constrained state of mid-sized assets.
Situated North of Glenoaks Blvd, Palm Glen is in prime location of town. Walking distance to Elementary, Middle and High Schools. Tenants are within a couple minutes to Downtown Glendale shops and services. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity.
Contact us for complete Offering Memorandum.
Last Agent to Sell the Property
Keller Williams World Media Center License #00911091 Listed on: 10/12/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 11,990 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- 13,586 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 24 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 4537
- Assessor Parcel Number 5636002072
Community Details
Building Details
- 16 Leased Units
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,008
- Professional Management Expense $14,000
- New Taxes Expense $75,375
- Operating Expense $126,072
- Gross Income $376,980
- Net Operating Income $243,368
Additional Features
- 16 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Glenwood, CA
-
Addora Beall
-
Cherryl Weaver
Cherryl Weaver
Re/Max Tri-City
(213) 516-9631
30 Total Sales
1 in Glenwood
$1,593,175 Price
-
Peggy Lim
Peggy Lim
Real Brokerage Technologies
(626) 889-5586
86 Total Sales
1 in Glenwood
$707,000 Price
-
Ashmat Delawari
Ashmat Delawari
Equity Union-Westside
(661) 485-2112
51 Total Sales
1 in Glenwood
$2,050,000 Price
-
Judy Schlegel
Judy Schlegel
Re/Max Tri-City Realty
(818) 412-9626
22 Total Sales
1 in Glenwood
$1,200,000 Price
-
Arthur Ambarchyan
Arthur Ambarchyan
Responds QuicklyKeller Williams R. E. Services
(747) 271-1402
82 Total Sales
7 in Glenwood
$1.1M - $2.2M Price Range
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 | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2018 02/28/18 | Sold | $6,405,000 | -4.4% | $471 / Sq Ft | |
| 12/05/2017 12/05/17 | Pending | -- | -- | -- | |
| 10/12/2017 10/12/17 | For Sale | $6,700,000 | -79.1% | $493 / Sq Ft | |
| 10/01/2016 10/01/16 | Sold | $32,000,000 | +492.6% | $2,355 / Sq Ft | View Prior Sale |
| 06/01/2016 06/01/16 | Pending | -- | -- | -- | |
| 05/31/2016 05/31/16 | For Sale | $5,400,000 | -- | $397 / 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 | $80,622 | $7,433,547 | $3,481,755 | $3,951,792 |
| 2025 | $80,622 | $7,287,792 | $3,413,486 | $3,874,306 |
| 2024 | $79,272 | $7,144,895 | $3,346,555 | $3,798,340 |
| 2023 | $77,464 | $7,004,800 | $3,280,937 | $3,723,863 |
| 2022 | $81,305 | $7,344,000 | $5,100,000 | $2,244,000 |
| 2021 | $74,831 | $6,732,797 | $3,153,535 | $3,579,262 |
| 2020 | $73,766 | $6,667,962 | $3,121,200 | $3,546,762 |
| 2019 | $71,966 | $6,537,300 | $3,060,000 | $3,477,300 |
| 2018 | $54,846 | $4,925,700 | $1,968,600 | $2,957,100 |
| 2016 | $22,998 | $2,022,205 | $669,817 | $1,352,388 |
| 2015 | $22,543 | $1,991,830 | $659,756 | $1,332,074 |
| 2014 | $22,439 | $1,952,814 | $646,833 | $1,305,981 |
Source: Public Records
Agents Affiliated with this Home
-
Levon Alexanian
Seller's Agent in 2018
Levon Alexanian
Keller Williams World Media Center
(818) 219-3366
1 in this area
21 Total Sales
-
Sean Daryani
Buyer's Agent in 2018
Sean Daryani
RE/MAX
(661) 702-4601
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17234588
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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