NOT LISTED FOR SALE

610 Palm Dr Glen Dale, CA 91202

Glenwood Neighborhood
32 Beds
32 Baths
14,664 Sq Ft
0.3 Acres

Last Sold January 25, 2018

Last sale price $6,400,000 $436 Per Sq Ft

20 Days on Market

Highlights

  • Gated Parking
  • Balcony
  • Resident Manager or Management On Site
  • Herbert Hoover High School Rated A-
  • Subterranean Parking
  • Central Heating and Cooling System

About This Home

As of January 2018

A 16 unit apartment complex located in the non-rent controlled City of Glendale, California. The offering provides an investor a tremendous opportunity to acquire a very well- maintained asset with approximately 25% in immediate rental upside, achievable through building/individual unit upgrades and structured rental increases. The property is being offered free and clear of any debt encumbrances. Each unit has their own washer-dryer hook-ups and water heaters. 4 units come with balcony decks and 8 come with large private patios. Some of the units have been recently upgraded with new appliances, carpeting, laminated wood flooring and kitchen/bathroom cabinet re-facing. There are 28 gated subterranean parking spaces. Landlord is responsible for cold water, sewage and trash. Tenant is responsible for hot water, gas and electricity.

Last Agent to Sell the Property

Matt Lee

Lilly Enterprises, Inc. License #01881080 Listed on: 11/11/2017

Last Buyer's Agent

Jeanelle Asprer

JDC Investments License #01737872

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.3 Acre Lot
  • North Facing Home
  • Gated Home

Interior Spaces

  • 14,664 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 32 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 28 Parking Spaces
  • Subterranean Parking
  • Private Parking
  • Gated Parking
  • Controlled Entrance

Additional Features

  • Balcony
  • Central Heating and Cooling System

Community Details

  • 16 Units
  • Resident Manager or Management On Site

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for water
  • Assessor Parcel Number 5635-003-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Complex Name: Saint George Apartments
  • Living Area: 14664
  • Stories: 3
  • Year Built: 1988
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Bedrooms: 32
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 32.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 429.62

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 28
  • Parking Garage: Controlled Entrance, Covered Parking, Gated, Gated Underground, Private, Subterranean
  • Total Parking: 28

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Resident Manager

Lot Info

  • Assessed Improvement Value: 1508617
  • Assessed Land Value: 999270
  • Assessor Parcel Number: 5635-003-030
  • Geocode Override: No
  • Lot Size Area: 13080

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.79
  • Number Of Units: 16
  • Rent Control: 0
  • Total Annual Expense: 123550
  • Type Of Units: 2BR/2BA
  • Vacancy Rate: 3

Range of Values:

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Average Value
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List Price
Sold Price
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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
01/25/2018 01/25/18 Sold $6,400,000 +1.6% $436 / Sq Ft
11/11/2017 11/11/17 For Sale $6,300,000 -- $430 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt Lee

    Seller's Agent in 2018

    Matt Lee

    Lilly Enterprises, Inc.

    (310) 324-7400

    8 Total Sales

    Matt Lee
    Section Image
  • Jeanelle Asprer

    Buyer's Agent in 2018

    Jeanelle Asprer

    JDC Investments

    (818) 839-0222

    10 Total Sales

    Jeanelle Asprer
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-289268

The MLS
California Los Angeles County Glendale 91202 Glenwood

610 Palm Dr, Glendale, CA

This home is located at 610 Palm Dr, Glen Dale, CA 91202 since 11 November 2017. This property was built in 1988. 610 Palm Dr is a home located in Los Angeles County with nearby schools including Balboa Elementary School, Eleanor J. Toll Middle School, and Herbert Hoover High School.

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