$3,999,500 Price Analysis   ♡   Glendale, CA 91201 14 bed 14 bath 6,952 SqFt ($575/SqFt) 7,208SqFt lot. Built 1989 Listed 2024-01-09, Taxes $12,998 | Ⓧ USDA Ineligible due to price & location near Glendale |
Exceptional investment opportunity in Glendale!
This eight-unit income property is a prime asset for investors. Located in a desirable area, these uni ts boast a combination of modern amenities and classic charm. This 8-unit building offers the pinnacle of comfort with central AC and Heat and the cnvenience of in-unit washer-dryers.
Featuring a mix of 2-bed/2-bath units and 1-bed/1-bath units. Strong rental history and potential for increased income, this property is a promising addition to any investment portfolio. Don't miss the chance to own this well-equipped and strategically located property in Glendale. Bring in your highest best offer. Drive by only!
Presented by Sean Madadian at
Magic Realty.
Property MLS #GD23226633 from CRMLS
Flooring: Laminate
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.1654729
Lot Size Source: Assessor
Lot Size Square Feet: 7208
Parking Total: 12
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 1
Maintenance Expense: 2500.00
Tenant Pays: All Utilities
Rent Control: Yes
County: Los Angeles
Cap Rate: 4.05
Other Expense: 44000.00
Source Property Type: Residential Income
Insurance Expense: 4250.00
Area: 626 - Glendale-Northwest
Source Neighborhood: 626 - Glendale-Northwest
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 5623014006
Postal Code Plus 4: 1875
Professional Management Expense: 7200.00
Trash Expense: 3488.00
Zoning: GLR4YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $769,855 + $329,930 $1,099,785 | $12,998 |
| 2021 | $754,760 + $323,461 $1,078,221 | $12,753 |
| 2020 | $747,021 + $320,145 $1,067,166 | $12,576 |
| 2019 | $732,374 + $313,868 $1,046,242 | $12,287 |
| 2018 | $718,014 + $307,714 $1,025,728 | $12,064 |
| 2017 | $703,936 + $301,681 $1,005,617 | $11,844 |
| 2016 | $690,134 + $295,766 $985,900 | $11,430 |
| 2015 | $679,768 + $291,324 $971,092 | $11,208 |
| 2014 | $666,453 + $285,618 $952,071 | $11,159 |
| 2013 | $663,441 + $284,328 $947,769 | $10,918 |
| 2012 | $650,433 + $278,753 $929,186 | $10,776 |
| 2010 | $637,680 + $273,288 $910,968 | $10,307 |
| 2009 | $634,419 + $271,891 $906,310 | $10,416 |
| 2009 | $632,915 + $271,246 $904,161 | $10,416 |
| 2008 | $621,980 + $266,560 $888,540 | $10,199 |
| 2007 | $609,785 + $261,334 $871,119 | $10,033 |
Year Built: 1989
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street Level
Property Age: 35
Property Attached: Yes
Levels or Stories: One, Three Or More
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Seller
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3500.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.