NOT LISTED FOR SALE
5 Beds
5 Baths
5,816 Sq Ft
7,258 Sq Ft Lot

Sale Details

Date Sold: February 28, 2019

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

14 Days on Market

Highlights

  • Dual Staircase
  • Central Heating and Cooling System
  • Laundry Facilities
  • 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

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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

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

7,258 Sq Ft Lot

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

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
Dec 12, 2018
Closed on
Feb 22, 2019
Sold by
Bought by
Seller's Agent
Ohanes 'Hovig' Dimejian CCIM
Berkshire Hathaway Golden Prop
Buyer's Agent
Henry Suarez
Dilbeck Real Estate
List Price
$250,000
Sold Price
$2,487,500
Premium/Discount to List
$2,237,500
895%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$947,136
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 2002
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
$2,487,500 Fidelity National Title Co
-- Accommodation
-- --
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 $1,100,000
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
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

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 $30,881 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18291527

California Regional Multiple Listing Service (CRMLS)
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