NOT LISTED FOR SALE
-- Bed
-- Bath
5,822 Sq Ft
7,497 Sq Ft Lot

Last Sold February 10, 2012

Last sale price $1,300,000 $223 Per Sq Ft

93 Days on Market

Highlights

  • Lawn
  • Balcony
  • 13 Car Attached Garage
  • Horace Mann Elementary School Rated A-
  • Parking Garage
  • Side by Side Parking

About This Home

As of February 2012

Incredible opportunity. Younger (1987) custom built 8 unit building in best Glendale area near Americana Development! 13 garages! Newly replaced (building owned) laundry! No rent control! Over 5800 sqft per assr! 4 two bedroom + two bath apts, 4 one bedroom + one bath apts. Building was inherited and seller knows little about specific details on condition. Property sold "as-is". Rents ought to be raised. (No Rent Control). Absolutely do not disturb tenants nor question them. Write all offers subject to interior inspection. Wonderful investment and wonderful younger building. Buyer to rely on their own cap rate figures. Note: 2+2's presently rent for approx $1200 each. 1+1's rent approx $950 each. 2 blocks east of Glendale Ave, South of Colorado, close to "The Americana" Caruso Development! Prime location. Great block and area. 13 parking spaces for extra income with storage lockers!

Last Agent to Sell the Property

Robert Bluman

Berkshire Hathaway HomeServices California Properties License #00833591 Listed on: 10/17/2011

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,497 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn

Parking

  • 13 Car Attached Garage
  • 13 Carport Spaces
  • Parking Garage
  • Side by Side Parking

Home Design

  • Raised Foundation
  • Block Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • Bathtub with Shower
  • 5,822 Sq Ft Home
  • 3-Story Property
  • Disposal

Outdoor Features

  • Balcony
  • Shed

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • 8 Units
  • On Site Association

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5675-017-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

13

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Entry Location: Ground Level w/steps
  • Exclusions: Appliances
  • Living Area: 5822
  • Manager Expense: 5000.00
  • Price Per Unit: 181125.00
  • Stories: 3
  • Year Built: 1987
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 6
  • Number Dishwasher: 8
  • Number Disposal: 8
  • Number Drapes: 0
  • Number Range: 8
  • Number Refrigerator: 0
  • Appliances: Built-In Gas
  • Bathroom Features: Shower Over Tub
  • Laundry Equipment: Own
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 239.61

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, Custom Built
  • Other Structures: Shed(s)
  • Foundation Details: Block, Raised
  • Construction: Stucco/Blk
  • Construction: Block, Frame and Stucco
  • Number Patio: 4
  • Paved: Yes
  • Pool: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 13
  • Garage Spaces: 13
  • Covered Parking: 13
  • Number Rented Garages: 0
  • Parking Garage: Attached, Community Garage, Side By Side, Subterranean
  • Total Parking: 13

Utilities

  • Water District: Glendale
  • Cooling: Central
  • Electric Expense: 3300.00
  • Heating: Central
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 8
  • Sewer: In Street, On Site
  • Water Expense: 3300.00
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: On Site

Fee Information

  • Gas Expense: 300.00
  • Insurance Expense: 3000.00
  • Trash Expense: 825.00

Schools

  • School District: Glendale Unified

Lot Info

  • Additions Alterations: No
  • Assessor Parcel Number: 5675-017-002
  • Lot Description: Curbs, Landscaped, Lawn, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Street Lighting, Street Paved, Walk Street
  • Lot Location: City
  • Lot Size Area: 7497

Rental Info

  • Number Leased: 8
  • Total Actual Rent: 102000.00
  • Garage Rental Rate: 0
  • Land Lease Expiration Year: 0
  • Land Lease Type: Fee
  • Lease Per Month Year: Year
  • Owner Pays: Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 5.80
  • Number Of Units: 8
  • Number Wall A C: 0
  • Rent Control: 0
  • Total Annual Expense: 40000
  • Type Of Units: Residential
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 17000.00

MLS Schools

  • School District: Glendale Unified

Range of Values:

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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 Change Sq Ft Price
02/10/2012 02/10/12 Sold $1,300,000 -10.3% $223 / Sq Ft
01/18/2012 01/18/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $1,449,000 -- $249 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-561089

The MLS