NOT LISTED FOR SALE
1 Bed
1 Bath
-- Sq Ft
7,936 Sq Ft Lot

Last Sold February 01, 2024

Last sale price $2,375,000

54 Days on Market

Highlights

  • Golf Course Community
  • Park
  • Horse Trails
  • Hiking Trails
  • Laundry Room
  • 2-minute walk to Wilson Mini Park

About This Home

As of February 2024

Excited to present a RARE opportunity for investors with a 4-building portfolio (37 units total) right here in Glendale. With instant cash-flow and plenty of room to add value this deal is a no brainer.This property in particular is a fully occupied 8 unit apartment building. Great tenants, extremely low vacancy rates, and tons of room for growth, this property will make any investor excited. Please reach out for more info!

Last Agent to Sell the Property

Brent Ballard

Anderson Ballard Companies Brokerage Phone: (818) 919-0282 License #01297151 Listed on: 11/30/2023

Co-Listed By

Trey Ballard

eXp Realty of Greater Los Angeles Brokerage Phone: (818) 919-0282 License #02215641

Last Buyer's Agent

Brent Ballard

Anderson Ballard Companies Brokerage Phone: (818) 919-0282 License #01297151 Listed on: 11/30/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,936 Sq Ft Lot
  • No Common Walls

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • Parking Available

Location

  • Urban Location
  • Suburban Location

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 5674004002

Community Details

Overview

  • 8 Units
  • Foothills
  • Mountainous Community
  • Valley

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Fuel Expense $2,100
  • Insurance Expense $5,766
  • Professional Management Expense $6,000
  • Trash Expense $5,412
  • Water Sewer Expense $4,800
  • Operating Expense $59,248
  • Gross Income $158,040
  • Net Operating Income $94,051

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 6000.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 5674004002
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Oven
  • Trash Expense: 5412.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Valley, Urban, Sidewalks, Suburban, Street Lights, Park, Mountainous, Horse Trails, Hiking, Foothills, Dog Park, Biking

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7936.00
  • Lot Size Acres: 0.1822

Multi Family

  • Fuel Expense: 2100.00
  • Gross Income: 158040.24
  • Gross Scheduled Income: 158040.24
  • Insurance Expense: 5766.00
  • Lot Size Area: 7936.0000 Square Feet
  • Net Operating Income: 94051.21
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 59247.83
  • Rent Control: No
  • Total Expenses: 59247.83

Tax Info

  • Tax Lot: 4
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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
02/01/2024 02/01/24 Sold $2,375,000 -0.8% --
01/22/2024 01/22/24 Pending -- -- --
11/29/2023 11/29/23 For Sale $2,395,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $3,171 $2,422,500 $1,642,200 $780,300
2024 $3,171 $198,571 $58,612 $139,959
2023 $3,121 $194,678 $57,463 $137,215
2022 $3,074 $190,862 $56,337 $134,525
2021 $2,998 $187,121 $55,233 $131,888
2019 $2,911 $183,973 $53,596 $130,377
2018 $2,770 $180,414 $52,546 $127,868
2016 $2,551 $171,103 $50,506 $120,597
2015 $2,513 $168,534 $49,748 $118,786
2014 $2,553 $165,234 $48,774 $116,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15897

Pasadena-Foothills Association of REALTORS®
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