$3,000,000 Price Analysis   ♡   Glendale, CA 91201 12 bed 11 bath 7,211 SqFt ($416/SqFt) 7,741SqFt lot. Built 1962 Listed 2024-03-08, Taxes $4,427 | Ⓧ USDA Ineligible due to price & location near Glendale |
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area.
Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with exceptional tenants, the current rents have remained low, leaving about 80% upside i n rents Current rents are significantly below market, for 10 units totaling about $151, 380 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3, 000, for 2 bed $2500 and 1 bed $2000 a month. Some TLC on this property current rents can potentially go up about $252, 000 a year.
The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/Cs, about 13 parking, Everything in this area sells quickly, priced right and will nt last long in this market.
Presented by Vic Markarian at
Markarian Realty.
Property MLS #GD24047499 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Lot Size Acres: 0.1777089
Lot Size Source: Assessor
Lot Size Square Feet: 7741
Parking Total: 13
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 3
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-9: 2
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Unit-9 Garage Spaces: 1
Unit-10 Garage Spaces: 1
Tenant Pays: Electricity, Gas
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: 626 - Glendale-Northwest
Source Neighborhood: 626 - Glendale-Northwest
Number of Separate Electric Meters: 11
Number of Separate Gas Meters: 11
Number of Separate Water Meters: 1
Parcel Number: 5623031015
Postal Code Plus 4: 2447
Trash Expense: 3960.00
Zoning: GLR4YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $253,660 + $48,441 $302,101 | $4,427 |
| 2021 | $248,687 + $47,492 $296,179 | $4,319 |
| 2020 | $246,138 + $47,006 $293,144 | $4,264 |
| 2019 | $241,312 + $46,085 $287,397 | $4,184 |
| 2018 | $236,581 + $45,182 $281,763 | $4,008 |
| 2017 | $231,943 + $44,297 $276,240 | $3,913 |
| 2016 | $227,396 + $43,429 $270,825 | $3,719 |
| 2015 | $223,981 + $42,777 $266,758 | $3,658 |
| 2014 | $219,594 + $41,940 $261,534 | $3,702 |
| 2013 | $218,602 + $41,751 $260,353 | $3,638 |
| 2012 | $214,316 + $40,933 $255,249 | $3,599 |
| 2010 | $210,114 + $40,131 $250,245 | $3,386 |
| 2009 | $209,040 + $39,927 $248,967 | $3,402 |
| 2009 | $208,544 + $39,832 $248,376 | $3,402 |
| 2008 | $204,942 + $39,145 $244,087 | $3,343 |
| 2007 | $200,924 + $38,378 $239,302 | $3,219 |
$0
CRMLS
Listed 2024-03-08
$3,000,000
CRMLS
Listed 2024-01-24
$3,100,000
CRMLS
Sold 1975-12-23
$133,000
Public Record
Year Built: 1962
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Ground level
Property Age: 62
Property Attached: Yes
Roof: Flat
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1800.00
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.