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SOLD 3/3/2021
425 Western Avenue, Glendale, CA 91201
9
beds
8
baths
3761
ft2
· 8288
ft2 lot
$2,362,500
$638 / ft2
Listing provided courtesy of Listing Broker: James Antonucci, Keller Williams Realty-Studio City.
Source CRMLS.
This (5) five units building is comprised of (1) one (3) three-bedroom and (2) two bath unit, (2) two (2) two-bedroom and (2) bath units, and (2) two (1) one-bedroom and (1) one bath units. Located just off the 5 freeway and minutes from downtown Burbank and the Burbank Town Center, a fabulous location! The property was originally built in 1924; however, in 2019, every inch of the property was renovated and was taken down to the studs. The property has new plumbing, roofs, electrical, HVAC, new windows, tankless water heaters, new stucco, pavers driveway, and many more features. Each unit has quartz countertops, central air and heat, comes with stainless steel appliances (including dishwasher, wine fridge, refrigerator, stove, and microwave), in-unit high energy efficient washer and dryers, crown molding, etc. The property is subject to statewide rent control (AB 1482). This would be an excellent investment as it is located in a high demand rental location with no deferred maintenance!
HOA
$—/month
On market
25 days
Year built
1924
Property type
Multi-Family
Parking
2
MLS
SR21003225
Price / Sq.Ft.
$638 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $2,400,000
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Discount Brokerage
$9,340
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Dryer Included, Gas & Electric Dryer Hookup, Washer Included
•   
Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater
•   
Has Appliances
•   
Security Features: Fire Sprinkler System, Security System
•   
Laundry: 1
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
Interior Features
•   
Interior Features: Copper Plumbing Full, Crown Molding, Recessed Lighting
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 3761.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
Property Features
•   
View: Mountain(s)
•   
Common Walls: 2+ Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: GLR3*
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Other
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1903
•   
Lot Size Area: 8288.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 5
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 5
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 33.33
•   
Garage Income: 200.00
•   
Gross Operating Income: 144918.00
•   
Water Sewer Expense: 2040.00
•   
Vacancy Allowance Rate: 3.00
•   
Cap Rate: 3.96
•   
Total Actual Rent: 12250.00
•   
Trash Expense: 1800.00
•   
New Taxes Expense: 30000.00
•   
Insurance Expense: 1504.00
•   
Vacancy Allowance: 4482
•   
Professional Management Expense: 0.00
•   
Total Expenses: 49770.00
•   
Gross Scheduled Income: 149400.00
•   
Operating Expense: 49770.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 16.06
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 149400.00
•   
Tax Year: 2019
•   
Taxes: 6607.0
Lease Info
•   
Net Operating Income: 95148.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 2040.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2600.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2600.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2550.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 2550.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2950.00
•   
Unit 1 Total Rent: 2950.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2100.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2100.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 5
•   
# Of Units: 5
•   
Number With Dishwasher: 5
•   
Number Of Units Leased: 5
•   
Number With Disposal: 5
•   
Number With Range: 5
Unit 5 Information
•   
Unit 5 Actual Rent: 2050.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2050.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Urban
School Info
•   
Directions: Located between Victory Blvd and Lake Blvd on Western Ave
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Branded
Other
Calculation
•   
Dom: 26
•   
Cdom: 26
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 07, 2021 9:50pm
Neighborhood snapshot
18
Properties for sale
23
Median days on market
$596.73
Median sold price/sqft
102.19%
Sold/List %
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Property History
03/04/2021
03/04/2021
Public Record
sold
Public Record
$2,362,500
--1.56%
03/03/2021
03/03/2021
CRMLS #SR21003225
sold
CRMLS #SR21003225
$2,400,000
02/01/2021
02/01/2021
CRMLS #SR21003225
pending
CRMLS #SR21003225
$2,400,000
01/06/2021
01/06/2021
CRMLS #SR21003225
active
CRMLS #SR21003225
$2,400,000
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