NOT LISTED FOR SALE
15 Beds
13 Baths
6,232 Sq Ft
7,688 Sq Ft Lot

Sale Details

Date Sold: October 30, 2019

Last sale price $2,280,000 $366 Per Sq Ft

4 Days on Market

About This Home

As of October 2019

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

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 09/23/2019

Last Buyer's Agent

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 09/23/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 7,688 Sq Ft Lot

Interior Spaces

  • 6,232 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 13 Bathrooms

Parking

  • 14 Parking Spaces
  • Carport

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5676-013-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

7,688 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6232
  • Stories: 3
  • Year Built: 1985
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 374.36

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 14

Lot Info

  • Assessed Improvement Value: 598256
  • Assessed Land Value: 445508
  • Assessor Parcel Number: 5676-013-019
  • Geocode Override: No
  • Lot Size Area: 7688

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.94
  • Number Of Units: 7
  • Type Of Units: Apartments

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Oct 15, 2019
Sold by
Bought by
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$2,333,000
Sold Price
$2,280,000
Premium/Discount to List
-$53,000
-2.27%

Purchase Details

Closed on
Oct 23, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,700
Interest Rate
0.0678%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$2,280,000 North American Title
-- None Available
$820,000 --
-- --
$445,500 Benefit Land Title Company
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $528,700
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
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
Source: The MLS

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 $27,863 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-513502

The MLS
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