NOT LISTED FOR SALE
1 Bed
1 Bath
8,816 Sq Ft
9,197 Sq Ft Lot

Sale Details

Date Sold: February 20, 2025

Last sale price $3,546,000 $402 Per Sq Ft

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
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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

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

9,197 Sq Ft Lot

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

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, 2024
Closed on
Feb 12, 2025
Sold by
Bought by
Seller's Agent
Levon Alexanian
Keller Williams World Media Center
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$3,650,000
Sold Price
$3,546,000
Premium/Discount to List
-$104,000
-2.85%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,610,000
Outstanding Balance
$1,587,639
Interest Rate
6.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2015
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
$1,553,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2005
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
$1,055,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2004
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
$895,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2004
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
$895,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2001
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
$100,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2001
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
$75,000
Interest Rate
7.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 3, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,546,000 Chicago Title Company
$2,525,000 Lawyers Title
-- --
-- --
$1,830,000 Ort
-- Stewart Title Company
$1,445,000 Stewart Title
-- Chicago Title Co
-- Chicago Title
-- Chicago Title Co
-- Chicago Title
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
Open $1,610,000
Previous Owner $1,990,000
Previous Owner $1,553,000
Previous Owner $1,873,000
Previous Owner $3,345,000
Previous Owner $1,155,000
Previous Owner $1,055,000
Previous Owner $895,000
Previous Owner $150,000
Previous Owner $692,900
Previous Owner $100,000
Previous Owner $75,000
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 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

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 $34,001 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24197665

California Regional Multiple Listing Service (CRMLS)
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