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$2,900,000   Price Analysis
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508 Hill Dr
Glendale, CA 91206
10 bed 10 bath 5,796 SqFt ($500/SqFt)
7,775SqFt lot. Built 1962
Listed 2024-03-27, Taxes $8,169
Ⓧ USDA Ineligible
due to price & location

near Glendale

Rare opportunity in Glendale.

* Sale Pending *

Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents.

Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyrs better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.


Presented by Liza Valayati at
Valiant Multi-Family Group.


Property MLS #OC24060191 from CRMLS

Bedrooms: 10

Laundry Features: Common Area

Full Bathrooms: 10

Lot Description: Landscaped
Lot Size Acres: 0.1784894
Lot Size Source: Assessor
Lot Size Square Feet: 7775

Number of Units: 10
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1

Community Features: Curbs

Source Listing Status: Pending
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 10027.00
Area: 624 - Glendale-Chevy Chase/E. Glenoaks
Source Neighborhood: 624 - Glendale-Chevy Chase/E. Glenoaks
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 10
Number of Separate Water Meters: 1
Parcel Number: 5665021008
Postal Code Plus 4: 2843
Trash Expense: 5940.00
Zoning: GLR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$295,451 + $369,315
$664,766
$8,169
2021$289,658 + $362,074
$651,732
$8,009
2020$286,688 + $358,362
$645,050
$7,900
2019$281,067 + $351,336
$632,403
$7,725
2018$275,556 + $344,448
$620,004
$7,543
2017$270,153 + $337,695
$607,848
$7,391
2016$264,856 + $331,074
$595,930
$7,117
2015$260,878 + $326,101
$586,979
$6,983
2014$255,768 + $319,714
$575,482
$6,991
2013$254,613 + $318,270
$572,883
$6,852
2012$249,621 + $312,030
$561,651
$6,766
2010$244,727 + $305,912
$550,639
$6,440
2009$243,476 + $304,348
$547,824
$6,501
2009$242,898 + $303,626
$546,524
$6,501
2008$238,702 + $298,381
$537,083
$6,370
2007$234,022 + $292,531
$526,553
$6,243

Listed 2024-03-27
$2,900,000
CRMLS
Sold 1998-10-29
$450,000
Public Record
Sold 1989-09-27
$695,000
Public Record
Sold 1987-10-02
$520,000
Public Record
Sold 1985-12-31
$235,000
Public Record
Sold 1984-11-29
$435,000
Public Record

Net Operating Income: 119591.00

Total Square Feet Living: 5796
Year Built: 1962
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 62
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 1024.00
Sewer: Water Sewer Expense: 4202.00

Glenoaks Elementary School is a public elementary school located approximately 0.3 miles away.
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Glendale High School is a public high school located approximately 0.7 miles away.
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Woodrow Wilson Middle School is a public middle school located approximately 0.7 miles away.
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Glendale Adventist Academy is a private elementary, middle and high school located approximately 0.2 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.