NOT LISTED FOR SALE

540 W Wilson Ave Glendale, CA 91203

Vineyard Neighborhood
14 Beds
2 Baths
5,936 Sq Ft
6,992 Sq Ft Lot Lot

Sale Details

Date Sold: July 16, 2025

Last sale price $3,000,000 $505 Per Sq Ft

3 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Herbert Hoover High School Rated A-
  • Fenced

About This Home

As of July 2025

Offered 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

Melina Kalachian, CCIM

Keller Williams Realty License #01877904 Listed on: 06/09/2025

Keller Williams Realty

Co-Listed By

Vince Kalachian

Keller Williams Realty License #01172350

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 in unit
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,992 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 5.93
  • Property Attached: Yes
  • Subdivision Name Other: 4560
  • View: No
  • Water Sewer Expenses: 6483.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 5638003057
  • Year Built: 1987
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 505.39

Exterior Features

  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Trash Expense: 2899.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6992.00
  • Lot Size Acres: 0.1605

Multi Family

  • Fuel Expense: 2941.00
  • Gross Income: 247724.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 251580.00
  • Insurance Expense: 3240.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 6992.0000 Square Feet
  • Maintenance Expense: 5250.00
  • Net Operating Income: 186375.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 61349.00
  • Rent Control: Yes
  • Total Expenses: 61349.00

Tax Info

  • New Taxes Expense: 37740.00
  • Tax Lot: 8
  • Tax Tract: 4560
  • Tax Tract Number: 301...
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
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

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 $21,477 $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

    Seller's Agent in 2025

    Melina Kalachian, CCIM

    Keller Williams Realty

    (818) 522-1900

    1 in this area

    14 Total Sales

    Melina Kalachian, CCIM
    Section Image
  • Vince Kalachian

    Seller Co-Listing Agent in 2025

    Vince Kalachian

    Keller Williams Realty

    (818) 631-8855

    1 in this area

    13 Total Sales

    Vince Kalachian
    Section Image
  • Joe Myere

    Buyer Co-Listing Agent in 2025

    Joe Myere

    Compass

    (702) 339-1341

    1 in this area

    18 Total Sales

    Joe Myere
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22669

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Glendale 91203 Vineyard

540 W Wilson Ave, Glendale, CA

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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