NOT LISTED FOR SALE
5 Beds
4 Baths
5,929 Sq Ft
7,501 Sq Ft

Last Sold February 07, 2025

Last sale price $2,220,000 $374 Per Sq Ft

167 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Herbert Hoover High School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2025

3 VACANCIES WITH PRICE DROP! 7 UNIT- MULTI UNIT IN PRIME GLENDALE! (1st Vacancy- Largest 1 Bed 1 Bath Private Unit above the garage with split system HVAC , 2nd Vacancy- 2 Bed/1 Bath, 3rd Vacancy - 1 Bed/1 Bath eff 02/05/25). First time on the market in 38 years! New Roof installed in 2023. Water heater was replaced in the end of 2021. Property consists of (3) 1 Bed/1 Bath, (3) 2 Bed/1 Bath and (1) 2 Bed/ 1.5 Bath Townhouse. All units separately metered for Electricity and Gas plus an 8th meter for the common areas. Owners also have a private storage area in the rear to store tools and materials.

Last Agent to Sell the Property

Arin Baroni

Windfall Realty Group Inc Brokerage Phone: 310-402-1797 License #01895781 Listed on: 08/01/2024

Last Buyer's Agent

Orbel Younanian

Excel Real Estate Services License #01957192

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 36th floor
  • Slab Foundation

Interior Spaces

  • 5,929 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 22
  • Tax Tract Number 4021
  • Assessor Parcel Number 5638010023
  • $1,019 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 6 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,285
  • Insurance Expense $2,807
  • Pest Control $876
  • Trash Expense $3,222
  • Water Sewer Expense $7,413
  • Operating Expense $52,454
  • Gross Income $164,299
  • Net Operating Income $111,844

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,502 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.87
  • Property Attached: Yes
  • Water Sewer Expenses: 7413.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1285.00
  • Parcel Number: 5638010023
  • Year Built: 1962
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 36
  • Levels: Two
  • Price Per Square Foot: 374.43

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 876.00
  • Sewer: Public Sewer
  • Trash Expense: 3222.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 164299.00
  • Gross Multiplier: 13.55
  • Gross Operating Income: 164299.00
  • Gross Scheduled Income: 169380.00
  • Insurance Expense: 2807.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 111844.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Number With Patio: 2
  • Number With Range: 7
  • Rent Control: Yes
  • Total Actual Rent: 157980.00
  • Total Expenses: 52454.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 3017.02
  • Tax Lot: 22
  • Tax Tract Number: 4021
  • TaxOtherAnnualAssessmentAmount: 1019.00
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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
02/07/2025 02/07/25 Sold $2,220,000 +1.1% $374 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
01/06/2025 01/06/25 Price Changed $2,195,000 -4.4% $370 / Sq Ft
11/06/2024 11/06/24 Price Changed $2,295,000 -2.3% $387 / Sq Ft
08/01/2024 08/01/24 For Sale $2,350,000 -- $396 / 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 $15,071 $1,316,513 $700,899 $615,614
2024 $15,071 $1,290,700 $687,156 $603,544
2023 $8,303 $669,909 $210,533 $459,376
2022 $8,167 $656,774 $206,405 $450,369
2021 $8,007 $643,897 $202,358 $441,539
2019 $7,727 $628,301 $196,357 $431,944
2018 $7,509 $616,051 $192,507 $423,544
2016 $7,084 $588,767 $185,033 $403,734
2015 $6,951 $579,924 $182,254 $397,670
2014 $6,938 $568,565 $178,684 $389,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD24156560

California Regional Multiple Listing Service (CRMLS)
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