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$5,995,000   Price Analysis
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404 Lincoln Ave
Glendale, CA 91205
30 bed 28 bath 13,176 SqFt ($454/SqFt)
0.27 acre lot. Built 1987
Listed 2024-03-18, Taxes $19,134
Ⓧ USDA Ineligible
due to price & location

near Glendale

Investors Dream!

An incredible Residential Income property in Glendale is all that you have been waiting for. All units have a washer/dryer. LOW RENTS, which is a extraordinary upside for this investment. This is a well-kept 14 unit building that features a nice secured community parking structure and a controlled accessed entry.

The units have wonderful open floorplans with laminate flooring, storage space, plus central AC and Heating. Glendale Unified Sch ool District. Amazing location. A short distance from Target, Ralphs, Sprout Farmers Market, In-N-Out Burger and more. Close to the 134 and 2 freeways. Rents are below market 3 bedroom unit ws recently rented for $3, 100.


Presented by Albert Babayan at
JohnHart Real Estate.
Listing Agent Photo

Property MLS #GD24054330 from CRMLS

Bedrooms: 30

Laundry Features: Inside

Full Bathrooms: 28

Additional Parcels Description: 5680031023
Additional Parcels: Yes
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.2733
Lot Size Source: Estimated
Lot Size Square Feet: 11905

Garage Spaces: 23
Parking Features: Parking YN: Yes, Parking Features: Community Structure, Covered
Parking Total: 25

Number of Units: 14
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 21

Gardener Expense: 3096.00
Maintenance Expense: 2400.00

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 12600.00
Area: 628 - Glendale-South of 134 Fwy
Source Neighborhood: 628 - Glendale-South of 134 Fwy
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 15
Number of Separate Water Meters: 1
Parcel Number: 5680031001
Postal Code Plus 4: 4306
Zoning: GLR4YY
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,563,794 + $92,063
$1,655,857
$19,134
2021$1,533,132 + $90,258
$1,623,390
$18,749
2020$1,517,412 + $89,333
$1,606,745
$18,481
2019$1,487,659 + $87,582
$1,575,241
$18,402
2018$1,458,490 + $85,865
$1,544,355
$18,016
2017$1,429,893 + $84,182
$1,514,075
$17,710
2016$1,401,856 + $82,532
$1,484,388
$17,057
2015$1,380,799 + $81,293
$1,462,092
$16,723
2014$1,353,752 + $79,701
$1,433,453
$16,662
2013$1,347,634 + $79,341
$1,426,975
$16,315
2012$1,321,210 + $77,786
$1,398,996
$16,101
2010$1,295,304 + $76,261
$1,371,565
$15,530
2009$1,288,679 + $75,872
$1,364,551
$15,686
2009$1,285,624 + $75,692
$1,361,316
$15,686
2008$1,263,411 + $74,385
$1,337,796
$15,360
2007$1,238,639 + $72,927
$1,311,566
$15,082

Listed 2024-03-18
$5,995,000
CRMLS
Listing removed 2024-02-23
$3,100
CRMLS
Listed for rent 2024-02-12
$3,100
CRMLS
Listing removed 2023-08-22
$0
CRMLS
Listed 2023-03-16
$6,450,000
CRMLS
Listing removed 2019-06-22
$2,400
ITECH
Listed for rent 2019-06-10
$2,400
ITECH
Sold 1977-05-06
$64,000
Public Record

Net Operating Income: 258661.00

Total Square Feet Living: 13176
Year Built: 1987
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: street
Property Age: 37
Property Attached: Yes
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 16272.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Glendale High School is a public high school located approximately 0.3 miles away.
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John Marshall Elementary School is a public elementary school located approximately 0.7 miles away.
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Woodrow Wilson Middle School is a public middle school located approximately 1.1 miles away.
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Windsor Hills Academy is a private elementary, middle and high school located approximately 0.3 miles away.
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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.