NOT LISTED FOR SALE

618 E Chestnut St Glendale, CA 91205

Mariposa Neighborhood
5 Beds
5 Baths
5,816 Sq Ft
7,258 Sq Ft Lot

Last Sold February 28, 2019

Last sale price $2,487,500 $428 Per Sq Ft

14 Days on Market

Highlights

  • Dual Staircase
  • Laundry Room
  • Central Heating and Cooling System
  • Horace Mann Elementary School Rated A-

About This Home

As of February 2019

Well-maintained 7 unit building ( 6 units 2 bedrooms-1.5 baths, and 1 unit 1 bedroom 1 bath plus an office)with long term tenants in Central Glendale, close to dining, shopping, and entertainment. Each unit has its own central air and heat. Property has a gated and secured entry with 14 parking spaces for the tenants. Roof was replaced four years ago. located in a high demand/low vacancy market.

Last Agent to Sell the Property

Ohanes 'Hovig' Dimejian CCIM

Berkshire Hathaway Golden Prop License #00945543 Listed on: 12/12/2018

Berkshire Hathaway Golden Prop

Co-Listed By

Shant Dimijian

Berkshire Hathaway Home Services Golden Properties License #01988179

Last Buyer's Agent

Henry Suarez

Dilbeck Real Estate License #00991211

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 7,258 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 5,816 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 3022
  • Assessor Parcel Number 5675007006

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,487
  • Fuel Expense $972
  • Gardener Expense $720
  • Insurance Expense $2,016
  • Maintenance Expense $1,500
  • Other Expense $500
  • Trash Expense $1,005
  • New Taxes Expense $28,000
  • Operating Expense $40,200
  • Gross Income $138,900
  • Net Operating Income $95,946

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

14

Listing Details

  • CapRate: 3.84
  • Other Phone Description: 6265233454
  • Other Phone Number: 6262042338
  • Price Per Unit: 357143
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5675007006
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 427.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 1005.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7258.00
  • Lot Size Acres: 0.1666

Multi Family

  • Electric Expense: 5487.00
  • Fuel Expense: 972.00
  • Gross Income: 138900.00
  • Gross Multiplier: 18.16
  • Gross Operating Income: 136146.00
  • Gross Scheduled Income: 137700.00
  • Insurance Expense: 2016.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7258.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 95946.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Range: 7
  • Operating Expense: 40200.00
  • Other Expense: 500.00
  • Other Expense Description: misc.
  • Rent Control: No
  • Total Expenses: 40200.00
  • Vacancy Allowance: 2754
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 28000.00
  • Tax Census Tract: 3022.02
  • Tax Lot: 29
  • Tax Tract Number: 3022

Range of Values:

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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
02/28/2019 02/28/19 Sold $2,487,500 +895.0% $428 / Sq Ft
12/12/2018 12/12/18 For Sale $250,000 -- $43 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ohanes 'Hovig' Dimejian CCIM

    Seller's Agent in 2019

    Ohanes 'Hovig' Dimejian CCIM

    Berkshire Hathaway Golden Prop

    (626) 797-7622

    25 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Shant Dimijian

    Berkshire Hathaway Home Services Golden Properties

    Section Image
  • Henry Suarez

    Buyer's Agent in 2019

    Henry Suarez

    Dilbeck Real Estate

    (818) 613-1933

    16 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18291527

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91205 Mariposa

618 E Chestnut St, Glendale, CA

This home is located at 618 E Chestnut St, Glendale, CA 91205 since 12 December 2018. This property was built in 1985. 618 E Chestnut St is a home located in Los Angeles County with nearby schools including Horace Mann Elementary School, Theodore Roosevelt Middle School, and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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