NOT LISTED FOR SALE
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
  • 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 Rate: 2.00

Tax Info

  • New Taxes Expense: 28000.00
  • Tax Census Tract: 3022.02
  • Tax Lot: 29
  • Tax Tract Number: 3022
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

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 $30,560 $2,774,848 $1,112,727 $1,662,121
2024 $30,560 $2,720,440 $1,090,909 $1,629,531
2023 $29,871 $2,667,099 $1,069,519 $1,597,580
2022 $29,363 $2,614,804 $1,048,549 $1,566,255
2021 $28,860 $2,563,535 $1,027,990 $1,535,545
2019 $17,246 $903,061 $200,282 $702,779
2018 $10,424 $885,413 $196,355 $689,058
2016 $9,874 $848,174 $188,731 $659,443
2015 $9,684 $835,435 $185,897 $649,538
2014 $9,642 $819,071 $182,256 $636,815
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18291527

California Regional Multiple Listing Service (CRMLS)