NOT LISTED FOR SALE

Estimated Value: $1,925,480

3 Beds
3 Baths
6,508 Sq Ft
$296/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2025

Last sale price $1,950,000 $300 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,283 / mo

24 Days on Market

Highlights

  • Cooling Available
  • Laundry Facilities
  • Heating Available

About This Home

As of August 2025

Introducing 8425 Glenoaks Boulevard - a unique 8-unit multifamily investment opportunity in the rapidly growing Sun Valley submarket. This well-located asset features a desirable mix of (4) spacious 2 bed / 2 bath units and (4) efficient 1 bed / 1 bath units, spread across two separate buildings with distinct construction eras and characteristics.The larger building, constructed in 2003, consists of four +/-1,075 SF 2-bedroom units that are not subject to the Los Angeles Rent Stabilization Ordinance (RSO). The smaller building, built in 1953, includes four +/-550 SF 1-bedroom units, which fall under LA RSO. The total combined building size is approximately +/-6,508 SF situated on a +/-12,869 SF lot.This low-maintenance property features copper plumbing throughout, washer/dryer hookups in 6 of the 8 units, and a total of 12 on-site parking spaces. Importantly, no seismic retrofit is required. All of the units offer their own water heater and provide granite or quartz countertops in the kitchens. With no common area laundry, there are absolutely no gas expenses for the ownership.Positioned with excellent access to the 5 Freeway, the property also benefits from its proximity to Burbank, North Hollywood, Bob Hope Airport, and the Burbank Town Center, making it attractive for tenants and investors alike.This is an outstanding opportunity to acquire a stabilized, income-producing asset with immediate rental upside and long-term appreciation potential.

Last Agent to Sell the Property

Casey Picard

Keller Williams Realty License #01921866 Listed on: 06/02/2025

Keller Williams Realty

Last Buyer's Agent

Ruben Nazaryan

Excel Real Estate Services License #01275916

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 12,869 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Home Design

  • 6,508 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Washer and Gas Dryer Hookup

Parking

  • 13 Parking Spaces
  • Parking Available

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 121
  • Assessor Parcel Number 2404019007

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $8,000
  • Maintenance Expense $6,000
  • Pest Control $780
  • Professional Management Expense $6,281
  • Trash Expense $3,912
  • Water Sewer Expense $9,937
  • New Taxes Expense $2,360
  • Operating Expense $59,871
  • Gross Income $160,245
  • Net Operating Income $97,169

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0.3 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.11
  • Professional Management Expense: 6281.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 9937.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2404019007
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 299.63

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 13.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Pest Control Expense: 780.00
  • Trash Expense: 3912.00
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 12869.00
  • Lot Size Acres: 0.2954

Multi Family

  • Gross Income: 160245.00
  • Gross Multiplier: 11.86
  • Gross Operating Income: 157040.00
  • Gross Scheduled Income: 160245.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 12869.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 97169.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 59871.00
  • Rent Control: Yes
  • Total Expenses: 59871.00

Tax Info

  • New Taxes Expense: 2360.00
  • Tax Lot: 7
  • Tax Tract: 7893
  • Tax Tract Number: 121...

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
Jun 2, 2025
Closed on
Jun 17, 2025
Sold by
Bought by
Seller's Agent
Casey Picard
Keller Williams Realty
Buyer's Agent
Ruben Nazaryan
Excel Real Estate Services
List Price
$1,900,000
Sold Price
$1,950,000
Premium/Discount to List
$50,000
2.63%
Views
13
Current Estimated Value
$1,925,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,520
Avg. Annual Appreciation
-1.26%
Original Mortgage
$1,000,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2018
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1999
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
$105,000
Interest Rate
7.66%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Sun Valley, CA

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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
$1,950,000 Chicago Title Company
-- Accommodation
$150,000 Old Republic 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
Previous Owner $1,000,000
Previous Owner $105,000
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
08/05/2025 08/05/25 Sold $1,950,000 +2.6% $300 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $1,900,000 -- $292 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $8,148 $592,191 $124,483 $467,708
2024 $7,925 $580,581 $122,043 $458,538
2023 $7,787 $569,198 $119,650 $449,548
2022 $7,452 $558,038 $117,304 $440,734
2021 $7,329 $547,097 $115,004 $432,093
2019 $7,126 $530,872 $111,594 $419,278
2018 $6,916 $520,463 $109,406 $411,057
2016 $6,552 $500,255 $105,158 $395,097
2015 $6,464 $492,742 $103,579 $389,163
2014 $6,511 $483,091 $101,551 $381,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22559

Pasadena-Foothills Association of REALTORS®

APN: 2404-019-007

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