Seller's Agent in 2019
Daniel Withers
Matthews Real Estate Investment Services
(310) 365-5054
44 Total Sales
613 E Palmer Avenue is a 7-unit low-rise apartment complex in the heart of Glendale, CA. Tenants appreciate and enjoy a residential environment with the option to walk shopping and dining that line Glendale Avenue. The property is also conveniently located adjacent to Palmer Park and a short drive from Griffith Park and the Los Angeles Zoo. Transportation options are plentiful given the proximity to the 5, 132 and 2 Freeways and the Glendale Metro Station located within less than a mile. The property consists of an excellent mix of two two-bedroom, one-bathroom, four two-bedroom, two-bathroom and one three-bedroom, three-bathroom units. Investors can capitalize on the on-site laundry facility for additional revenue. 613 E Palmer presents an opportunity for potential upside in rental income on an asset in a strong rental market.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #01325901 Listed on: 09/23/2019
Last Buyer's Agent
Matthews Real Estate Investment Services License #01325901 Listed on: 09/23/2019
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2019 10/30/19 | Sold | $2,280,000 | -2.3% | $366 / Sq Ft |
| 09/23/2019 09/23/19 | For Sale | $2,333,000 | -- | $374 / Sq Ft |
| 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 | $27,596 | $2,493,509 | $1,640,468 | $853,041 |
| 2024 | $27,596 | $2,444,617 | $1,608,302 | $836,315 |
| 2023 | $26,977 | $2,396,684 | $1,576,767 | $819,917 |
| 2022 | $26,519 | $2,349,691 | $1,545,850 | $803,841 |
| 2021 | $26,060 | $2,303,620 | $1,515,540 | $788,080 |
| 2019 | $12,701 | $1,089,381 | $463,506 | $625,875 |
| 2018 | $12,440 | $1,068,089 | $454,418 | $613,671 |
| 2016 | $11,799 | $1,023,299 | $436,773 | $586,526 |
| 2015 | $11,569 | $1,007,929 | $430,213 | $577,716 |
| 2014 | $11,508 | $988,186 | $421,786 | $566,400 |
Seller's Agent in 2019
Daniel Withers
Matthews Real Estate Investment Services
(310) 365-5054
44 Total Sales
Source: The MLS
MLS Number: 19-513502