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SOLD 6/13/2022

131 W Garfield Avenue, Glendale, CA 91204$3,600,000

--
bed
--
bath
7260
ft2
· 6879
ft2 lot
$465 / ft2

Listing provided courtesy of Listing Broker: David Stevenson, Stevenson Real Estate Services
Source CRMLS;
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Excellent opportunity to purchase an eight (8) unit apartment building with significant upside in rental income. The property features four (4) two bedroom/one and one-half bathroom townhouse units and four (4) one bedroom/one bathroom units. Each of the townhouse units has a balcony and all of the units have central air conditioning and heating. Each of the units are separately metered for electricity and gas. The property is gated for security and has a subterranean parking garage with thirteen (13) parking spaces. There is an on-site laundry facility in the garage which is operated by ownership. The property is situated just six blocks from The Americana at Brand, Glendale Galleria and the Central Business District.

HOA

No HOA

On market

a month

Year built

1987

Property type

Multi-Family

Parking

MLS

320009843

Price / Sq.Ft.

$465 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 131 W Garfield Avenue

Interior Features & Layout
Heating & Cooling
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 7260.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Carport Spaces: 0.00
Building Info
•   
Zoning: R 1650
•   
Num Stories: Two
Lot Info
•   
Lot Size Source: Public Records
•   
Lot Size Acres: 0.1579
•   
Lot Size Area: 6879.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 8
•   
Number Of Separate Gas Meters: 8
•   
Number Of Separate Water Meters: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 0.00
•   
Garage Income: 0.00
•   
Gross Operating Income: 0.00
•   
Water Sewer Expense: 0.00
•   
Tax Annual Amount: 0.00
•   
Supplies Expense: 0.00
•   
Other Expense: 0.00
•   
Laundry Income: 0.00
•   
Vacancy Allowance Rate: 0.00
•   
Maintenance Expense: 0.00
•   
Cap Rate: 0.00
•   
Total Actual Rent: 0.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
Land Lease Amount: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Tax Rate: 0.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 0.00
•   
Gross Scheduled Income: 0.00
•   
Other Income1: 0.00
•   
Maintenance Percent: 0.00
•   
Other Income2: 0.00
•   
Operating Expense: 0.00
•   
Personal Property Percent: 0.00
•   
Gross Multiplier: 0.00
Lease Info
•   
Net Operating Income: 0.00
Tax/Assessment Info
•   
Tax Year: 2021
•   
Taxes: 12383.76
Listing Info
•   
Status: Closed
Multi Unit Information
Multi Unit Information
•   
Price Per Unit: 421875
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Not Applicable-105
•   
Subdivision: Not Applicable-105
School Info
•   
Directions: Cross Streets: Central Avenue
Other
Calculation
•   
Dom: 5
•   
Cdom: 5

Neighborhood snapshot

7
Properties for sale
36.5
Median days on market
$504.74
Median sold price/sqft
101.07%
Sold/List %
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Property History for 131 W Garfield Avenue

06/13/2022
06/13/2022
CRMLS #320009843
sold
CRMLS #320009843
$3,600,000
+6.67%
03/29/2022
03/29/2022
CRMLS #320009843
pending
CRMLS #320009843
$3,375,000
03/24/2022
03/24/2022
CRMLS #320009843
active
CRMLS #320009843
$3,375,000

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