$3,546,000
SOLD FEB 20, 2025
1 Bed
-- Bath
8,816 Sq Ft
9,197 Sq Ft Lot

Recently Sold

$402 Per Sq Ft

3% Below List Price

15 Days on Market

About This Home

As of February 2025

Situated in arguably the best location in Glendale, the offering is North of Glenoaks Blvd in the 91202 zip code. Nestled just below multimillion-dollar homes, the exclusivity of this rental pocket is always in high demand. Comprised of a family-friendly unit mix of all 2+1 units & coupled with the fact that you have 3 schools all within 1 block walking distance all but ensure non-existent vacancy factor. Also, Starbucks & several other shops/cafes are within walking distance.
The current ownership has done a remarkable job in updating the asset & professionally maintaining it. Pitched roof, all windows/sliders have been replaced and several unit interiors have been updated with great attention to renter demands.

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 09/23/2024

Keller Williams World Media Center

Last Buyer's Agent

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 09/23/2024

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,197 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 1 Bedroom
  • 8,816 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 2737
  • Assessor Parcel Number 5634015026
  • $1,289 per year additional tax assessments

Community Details

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Operating Expense $69,580
  • Gross Income $20,107
  • Net Operating Income $166,877

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5634015026
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 402.22

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9197.00
  • Lot Size Acres: 0.2111

Multi Family

  • Gross Income: 20107.00
  • Gross Scheduled Income: 241283.00
  • Lot Size Area: 9197.0000 Square Feet
  • Net Operating Income: 166877.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 9
  • Operating Expense: 69580.00
  • Rent Control: No
  • Total Expenses: 69580.00

Tax Info

  • Tax Census Tract: 3012.06
  • Tax Lot: 22
  • Tax Tract Number: 2737
  • TaxOtherAnnualAssessmentAmount: 1289.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
02/20/2025 02/20/25 Sold $3,546,000 -2.8% $402 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $3,650,000 +44.6% $414 / Sq Ft
04/08/2015 04/08/15 Sold $2,525,000 -6.5% $286 / Sq Ft View Prior Sale
01/14/2015 01/14/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $2,700,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $33,591 $3,034,665 $2,403,698 $630,967
2024 $33,591 $2,975,163 $2,356,567 $618,596
2023 $32,838 $2,916,827 $2,310,360 $606,467
2022 $32,280 $2,859,635 $2,265,059 $594,576
2021 $31,712 $2,803,565 $2,220,647 $582,918
2019 $30,515 $2,720,411 $2,154,782 $565,629
2018 $29,979 $2,667,071 $2,112,532 $554,539
2016 $28,551 $2,563,506 $2,030,500 $533,006
2015 $19,530 $1,739,710 $1,307,627 $432,083
2014 $19,402 $1,705,633 $1,282,013 $423,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24197665

California Regional Multiple Listing Service (CRMLS)