Seller's Agent in 2025
Melina Kalachian, CCIM
Keller Williams Realty
(818) 522-1900
1 in this area
14 Total Sales
540 W Wilson Ave Glendale, CA 91203
Vineyard Neighborhood
14
Beds
2
Baths
5,936
Sq Ft
6,992
Sq Ft Lot
Highlights
- Laundry Room
- Forced Air Heating and Cooling System
- Fenced
- Herbert Hoover High School Rated A-
About This Home
As of July 2025Offered at $3,145,000, 540 W Wilson Ave is a rare 7-unit multifamily asset located in the heart of Glendale, one of Southern California's most stable and high-demand rental markets.Built in 1987, the property features a desirable unit mix of all 2-bedroom, 1.5-bath units totaling 5,936 square feet on a 6,992 square foot lot. The building is fully occupied with long-term tenants and offers clear rental upside. Recent capital improvements include a brand-new roof, new central A/C systems. With copper plumbing, and 80's construction electrical systems, reduces near-term maintenance needs and enhances long-term value. Shared amenities include a community laundry room and 12 on-site parking spaces, increasing tenant appeal and operational efficiency.This turnkey investment is centrally located near Glendale Galleria, The Americana at Brand, major employers, public transit, and freeway access--making it a magnet for working professionals and families alike.Known for its top-rated schools, low vacancy, and strict development limits, Glendale remains one of the most desirable submarkets for multifamily investment in Los Angeles County. With strong in-place income, quality improvements, and room for future rent growth, this property presents an ideal opportunity for 1031 exchange buyers, long-term holders, or investors seeking durable cash flow with upside in a proven market.
Last Agent to Sell the Property
Keller Williams Realty License #01877904 Listed on: 06/09/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,992 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Stucco Fence
Home Design
- Property Attached
Interior Spaces
- 5,936 Sq Ft Home
- 2-Story Property
- Free-Standing Range
Bedrooms and Bathrooms
- 14 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 12 Parking Spaces
- Parking Available
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 301
- Assessor Parcel Number 5638003057
- Seller Considering Concessions
Community Details
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $2,941
- Gardener Expense $1,920
- Insurance Expense $3,240
- Maintenance Expense $5,250
- Trash Expense $2,899
- Water Sewer Expense $6,483
- New Taxes Expense $37,740
- Operating Expense $61,349
- Gross Income $247,724
- Net Operating Income $186,375
Additional Features
- 7 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Sold | $3,000,000 | -4.6% | $505 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | For Sale | $3,145,000 | -- | $530 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $21,345 | $1,913,206 | $1,147,926 | $765,280 |
| 2024 | $21,345 | $1,875,693 | $1,125,418 | $750,275 |
| 2023 | $20,871 | $1,838,915 | $1,103,351 | $735,564 |
| 2022 | $20,517 | $1,802,859 | $1,081,717 | $721,142 |
| 2021 | $20,167 | $1,767,509 | $1,060,507 | $707,002 |
| 2019 | $19,411 | $1,715,085 | $1,029,052 | $686,033 |
| 2018 | $19,079 | $1,681,457 | $1,008,875 | $672,582 |
| 2016 | $18,155 | $1,616,166 | $969,700 | $646,466 |
| 2015 | $17,791 | $1,591,891 | $955,135 | $636,756 |
| 2014 | $17,665 | $1,560,709 | $936,426 | $624,283 |
Source: Public Records
Agents Affiliated with this Home
-
Melina Kalachian, CCIM
-
Vince Kalachian
Seller Co-Listing Agent in 2025
Vince Kalachian
Keller Williams Realty
(818) 631-8855
1 in this area
14 Total Sales
-
Joe Myere
Buyer Co-Listing Agent in 2025
Joe Myere
Compass
(702) 339-1341
1 in this area
16 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-22669
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