NOT LISTED FOR SALE
20 Beds
20 Baths
8,628 Sq Ft
12,632 Sq Ft Lot

Last Sold April 27, 2012

Last sale price $1,670,000 $194 Per Sq Ft

About This Home

As of April 2012

A stabilized 10 unit asset in non rent control Glendale.

Highlights:

* All 2 bedroom 1.5 bath units
* Well Kept Asset
* Stabilized Rents
* Long Term Tenants - Historically Low Vacancy
* Rental Upside Potential
* Parking & Laundry on Site

The offering is centered right in the heart of Glendale. Tenants enjoy the immediate access to retail shops, services, & restaurants.

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 12/30/2011

Keller Williams World Media Center

Last Buyer's Agent

Fred Ashkar

Re/Max Premier Prop Arcadia License #00925837

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • 8,628 Sq Ft Home

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 5676006001

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Electric Expense $13,000
  • Insurance Expense $3,764
  • Maintenance Expense $9,000
  • New Taxes Expense $22,188
  • Gross Income $11,925
  • Net Operating Income $93,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Parcel Number: 5676006001
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 193.56

Garage/Parking

  • Total Parking Spaces: 10.00

Lot Info

  • Lot Size Sq Ft: 12595.00
  • Lot Size Acres: 0.2900

Multi Family

  • Electric Expense: 13000.00
  • Gross Income: 11925.00
  • Gross Scheduled Income: 145500.00
  • Insurance Expense: 3764.00
  • Lot Size Area: 12595.0000 Square Feet
  • Maintenance Expense: 9000.00
  • Net Operating Income: 93184.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 47952.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 22188.00
  • Tax Lot: 37
  • Tax Year: 2011
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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
04/27/2012 04/27/12 Sold $1,670,000 -- $194 / Sq Ft
12/30/2011 12/30/11 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,724 $2,097,602 $1,507,262 $590,340
2024 $23,724 $2,056,473 $1,477,708 $578,765
2023 $23,204 $2,016,151 $1,448,734 $567,417
2022 $22,814 $1,976,620 $1,420,328 $556,292
2021 $22,402 $1,937,864 $1,392,479 $545,385
2019 $21,571 $1,884,487 $1,351,178 $533,309
2018 $21,088 $1,847,618 $1,324,685 $522,933
2016 $20,048 $1,771,934 $1,273,247 $498,687
2015 $19,649 $1,745,319 $1,254,122 $491,197
2014 $19,530 $1,711,132 $1,229,556 $481,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F11151535

California Regional Multiple Listing Service (CRMLS)
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