Glendale CA  home offered at $3,650,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

1044 Linden Avenue
Glendale, California CA 91201-1674
Sold For: $3,400,000
Listing ID: GD22208446
Price/SqFt: $425.00
Status: Closed
Sold Date: 12/16/2022
SqFt: 8,000 Sq Ft
Acres: 0.182 Acres
Year Built: 1985

Wonderful opportunity to acquire a very well maintained multi-family income property in the Grandview neighborhood of Glendale; the property is comprised of eight (8) two (2) bedroom, two (2) bathroom units of approximately 1,000 square feet each (per Assessor); all tenants are month-to-month; the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020;generous upside in rents; semi-subterranean parking garage striped for fourteen (14) parking spaces, but there are two (2)additional, parallel spaces that have been demarcated and are used by the tenants; all eight (8) central HVAC units were replaced in the last twelve (12) months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four (4) units upgraded in terms of flooring, counter tops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joe’s and Walgreens See attached brochure for complete information.

Primary Features

County: Los Angeles
Price Reduction Date: 2022-11-25T16:45:21+00:00
Price/SqFt: 425
Property Type: Residential Income
Year Built: 1985
Zoning: GLR4*

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Garage Spaces: 14
Laundry: yes
Laundry Features: Common Area
Levels: Two

External

Lot Features: 0-1 Unit/Acre
Lot Size Area: 7926
Lot Size Source: Assessor
Lot Size Square Feet: 7926
Number Of Buildings: 1
Parking Total: 14
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 699 - Not Defined

Additional

Additional Parcels: no
Association: no
Community Features: Biking, Curbs, Sidewalks
Days On Market: 51
List Agent State License: 01228475
List Office State License: 00983560
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 8
Number Of Separate Gas Meters: 8
Number Of Separate Water Meters: 1
Number Of Units Total: 8
Parcel Number: 5624008040
Senior Community: no
Year Built Source: Public Records

Financial

Cable Tv Expense: 1920
Gardener Expense: 1200
Gross Scheduled Income: 153947
Insurance Expense: 2861
Land Lease: no
Laundry Income: 1907
Maintenance Expense: 875
Net Operating Income: 87374
New Taxes Expense: 44505
Operating Expense: 66573
Other Expense: 7968
Price Per Unit: 456250
Rent Control: no
Special Listing Conditions: Standard
Tax Block: B
Tax Census Tract: 3016.01
Tax Lot: 31
Tax Tract Number: 4280
Total Expenses: 66573
Trash Expense: 7084
Workmans Compensation Expense: 160

Zoning Info


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Based on information from CARETS as of Thursday, March 28th, 2024 03:47:44 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: DavidStevenson, DRE #01228475 from Stevenson Real Estate Services

Contact - Listing ID GD22208446

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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