$1,235,000
SOLD JAN 16, 2025
4 Beds
6 Baths
2,958 Sq Ft
7,550 Sq Ft Lot

Recently Sold

$418 Per Sq Ft

1% Below List Price

13 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 4-minute walk to Palmer Park
  • Horace Mann Elementary School Rated A-

About This Home

As of January 2025

GLENDALE - 5 UNITS - FIXER - CASH OR HARD MONEY ONLY. INCREDIBLE OPPORTUNITY, AMAZING PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER. HUGE UPSIDE POTENTIAL!! FIRST TIME ON THE MARKET IN 25+ YEARS. UNDER MARKET RENTS – TREMENDOUS POSSIBILITIES. ZONED GLR4YY. Five units total PLUS a converted garage studio. Breakdown is as follows: One - 3 bedroom/2 bath front house (VACANT). One - 1 bedroom/1 bath unit (LEASED). THREE separate studio units (TWO ON MONTH TO MONTH and one gutted/vacant), plus a converted garage studio (WILL BE DELIVERED VACANT after COE). One of the studio units is vacant and gutted, and ready to be renovated. NEWLY UPDATED 1 BED/1 BATH UNIT - JUST REDONE (SEE NEW PICS). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Front house built in 1912 - middle units built in the 1950's with a BRAND NEW ROOF INSTALLED ON BUILDING 2 - with the stand alone unit built in 1960's. DO NOT MISS YOUR CHANCE!! Active rents at this time are approximately $3787 TOTAL per month BUT this does not include newly vacant front house (which will easily double incoming rents), plus detached studio. CASH/HARD MONEY OR VERY STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.

Last Agent to Sell the Property

Arto Poladian

Redfin Corporation License #01779642

Redfin Corporation

Last Buyer's Agent

Hovhannes Baghdasaryan

HB Real Estate Group License #01413935

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,550 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Apartment

Interior Spaces

  • 2,958 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for water
  • Tax Lot 23
  • Assessor Parcel Number 5676029011
  • $751 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 6 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 249800
  • Property Attached: Yes
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5676029011
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 417.51

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7550.00
  • Lot Size Acres: 0.1733

Rental Info

  • Tenant Pays: Water

Multi Family

  • Lot Size Area: 7550.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 5
  • Other Expense Description: prop tax
  • Other Income Description: see supplements
  • Rent Control: No
  • Total Actual Rent: 3787.00

Tax Info

  • Tax Census Tract: 3025.05
  • Tax Lot: 23
  • Tax Tract Number: GLR4YY
  • TaxOtherAnnualAssessmentAmount: 751.00

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
01/16/2025 01/16/25 Sold $1,235,000 -1.1% $418 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $1,249,000 -- $422 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24244859

California Regional Multiple Listing Service (CRMLS)