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SOLD 12/14/2020
316 W Garfield Avenue, Glendale, CA 91204
8
beds
5
baths
3356
ft2
· 10512
ft2 lot
$1,575,000
$477 / ft2
Listing provided courtesy of Listing Broker: Julio Pilco, Buena Vista Real Estate Group.
Source CRMLS.
BOM!!! Fantastic investment opportunity! Great location. Fourplex located in the great City of Glendale. Zoning GLR2YY. Potential development opportunity on this large plot of land (10,512 Sq Ft approx). Main front house (316 W Garfield Ave) has five bedrooms and two bathrooms (by owner) on two floors and basement. In the rear are two detached buildings with a total of three (3) 1+1 units, plus garages converted to storage w/p by seller (extra income $800.00). Some new windows, roofs approximately 5 years old. Plenty of space for parking. Fresh plants and trees at the front of the property, small storage, workshop, and fountain w/o permits. Property located close to Los Feliz, Frogtown, Glendale Galleria and the Americana. Access to a lot of amenities, Glendale Blvd retailers, Griffith Park, Los Angeles Zoo, Costco and Best Buy. Accessibility to Freeway 5 and 134. A lot of development activity in the City of Glendale. Retrofitting already made on the property, tenants are paying rents on time.
HOA
$—/month
On market
3 months
Year built
1915
Property type
Multi-Family
Parking
3
MLS
SR20089184
Price / Sq.Ft.
$477 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,600,000
Rebate:
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Negotiating Power:
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$0
+$311/day
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Best
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$8,000
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Better
Discount Brokerage
$6,060
not offered
$6,060
Average
Traditional Brokerage
$0
not offered
$0
Variable
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Property Details
Interior Features & Layout
Interior Features
•   
Electric Details: Standard
•   
Interior Features: Tile Counters
•   
Window Features: Screens
•   
Door Features: Insulated Doors
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: All Bedrooms Up, See Remarks
•   
Entry Level: 1
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Living Room, Wood Burning
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: See Remarks, Tile
Appliances
•   
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Interior Size
•   
Building Area Total: 3356.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Street
•   
Building Area Units: Square Feet
•   
Roof: Shingle
•   
Foundation Details: See Remarks
•   
Stories Total: 1
•   
Num Stories: Two, Multi/Split
•   
Year Built Source: Assessor
•   
Construction Materials: Concrete, Drywall Walls, Plaster
Parking Info
•   
Parking Available: 1
•   
Parking Features: Detached Carport, Concrete, Paved
•   
Garage Spaces: 3.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 3
•   
Total Units: 4
Lot Info
•   
Zoning: GLR2YY
•   
Lot Features: 2-5 Units/Acre, Garden, Lot 10000-19999 Sqft, Paved
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2413
•   
Lot Size Area: 10512.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: See Remarks
Property Features
•   
Property Condition: Termite Clearance
•   
Common Walls: 1 Common Wall
•   
Exterior Features: Stable
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Electricity Connected, Natural Gas Available, Sewer Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 33.00
•   
Tenant Pays: Gas, Telephone
•   
Garage Income: 800.00
•   
Gross Operating Income: 83226.00
•   
Land Value Percent: 67.00
•   
Improvements Percent: 33.00
•   
Personal Property Amount: 860223
•   
Water Sewer Expense: 2500.00
•   
Tax Annual Amount: 9709.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 1800.00
•   
Cap Rate: 4.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 17438.00
•   
Insurance Expense: 1500.00
•   
Vacancy Allowance: 32574
•   
Professional Management Expense: 0.00
•   
Total Expenses: 25638.00
•   
Gross Scheduled Income: 85800.00
•   
Improvements Amount: 285974
•   
Operating Expense: 25638.00
•   
Personal Property Percent: 100.00
•   
Gardener Expense: 2400.00
•   
Gross Multiplier: 16.26
•   
Rent Control Yn: 1
•   
Land Value: 574249
•   
Present Loans: 456000
Tax/Assessment Info
•   
Gross Income: 85800.00
•   
Tax Year: 2020
•   
Taxes: 9945.0
Lease Info
•   
Net Operating Income: 57588.00
Hoa
•   
Hoa Amenities: Other
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1100.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1100.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1050.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1050.00
Multi Unit Information
•   
Number Wall Ac: 4
•   
# Of Units: 4
•   
Number With Patio: 1
•   
Number With Disposal: 1
•   
Price Per Unit: 346250
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3100.00
•   
Unit 1 Total Rent: 3100.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1100.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1100.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Street Lights
•   
Directions: Between Central and Columbus, Cross Street: Central
Other
Calculation
•   
Dom: 16
•   
Cdom: 16
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 10, 2021 5:32pm
Neighborhood snapshot
12
Properties for sale
9
Median days on market
$523.24
Median sold price/sqft
102.31%
Sold/List %
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Property History
12/14/2020
12/14/2020
Public Record
sold
Public Record
$1,575,000
--1.56%
12/14/2020
12/14/2020
CRMLS #SR20089184
sold
CRMLS #SR20089184
$1,600,000
08/20/2020
08/20/2020
CRMLS #SR20089184
active
CRMLS #SR20089184
$1,600,000
+7.02%
07/08/2020
07/08/2020
CRMLS #SR20089184
pending
CRMLS #SR20089184
$1,495,000
--6.56%
06/15/2020
06/15/2020
CRMLS #SR20089184
pending
CRMLS #SR20089184
$1,600,000
+7.02%
See more property history
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