NOT LISTED FOR SALE

908 E Garfield Ave Glendale, CA 91205

Mariposa Neighborhood
12 Beds
6 Baths
4,368 Sq Ft
0.32 Acres

Last Sold June 08, 2022

Last sale price $1,850,000 $424 Per Sq Ft

22 Days on Market

Highlights

  • 0.32 Acre Lot
  • Bungalow
  • 1-Story Property

About This Home

As of June 2022

Tremendous opportunity. Rare 14,000 square foot lot in Glendale. Zoning is R-1650 which is the second best multi-residential zoning in Glendale. The property currently has 6 units, however current zoning allows for more! Additionally, property may qualify for Bonus Density, incentives and concessions. What an amazing opportunity to build and maximize this huge lot. Also excellent for first time investment or step-up investment. Property has deferred maintenance that needs to be addressed but tremendous upside potential as it currently exist. Current rents support a good cap rate. This 6 plex is centrally located in Glendale. Close proximity to California Distinguished Schools, Restaurants, Downtown Business District and the Americana! 14k square foot lot, ideal for development. Broker makes no guarantee regarding bonus density. Buyer to verify any and all information regarding bonus density for additional units. Act fast , this opportunity will will have tremendous interest.

Last Agent to Sell the Property

GREGORY HOLMES

Coldwell Banker Realty License #01228597 Listed on: 04/28/2022

Coldwell Banker Realty

Last Buyer's Agent

Anthony Connell

Matthews Real Estate Investment Services License #02126025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 0.32 Acre Lot
  • Property is zoned GLR4YY

Home Design

  • Bungalow
  • Entry on the 1st floor

Interior Spaces

  • 4,368 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Property is located within a water district

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5675-030-029

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 4368
  • Lot Acreage: 0.3217
  • Probate: No
  • Stories: 1
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 12
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 251.60

Exterior Features

  • Other Structures: None

Utilities

  • Water: District

Lot Info

  • Assessed Improvement Percent: 30.21
  • Assessed Improvement Value: 34303
  • Assessed Land Percent: 69.79
  • Assessed Land Value: 79245
  • Total Assessed Value: 113548
  • Assessor Parcel Number: 5675-030-029
  • Lot Size Area: 14015

Rental Info

  • Owner Pays: Water, Gardener

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.90
  • Number Of Units: 6
  • Type Of Units: Multi-Family
  • Vacancy Allow Percent: 2.00

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
06/08/2022 06/08/22 Sold $1,850,000 0.0% $424 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/10/2022 05/10/22 Off Market $1,850,000 -- --
05/09/2022 05/09/22 For Sale $1,099,000 -40.6% $252 / Sq Ft
05/05/2022 05/05/22 Off Market $1,850,000 -- --
04/28/2022 04/28/22 For Sale $1,099,000 -- $252 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    GREGORY HOLMES

    Coldwell Banker Realty

    (310) 938-4175

    1 in this area

    13 Total Sales

    GREGORY HOLMES
    Section Image

  • A

    Buyer's Agent in 2022

    Anthony Connell

    Matthews Real Estate Investment Services

    Section Image
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Map

Source: The MLS

MLS Number: 22-151455

The MLS
California Los Angeles County Glendale 91205 Mariposa

908 E Garfield Ave, Glendale, CA

Not Listed for Sale

Detached

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