1119 Winchester Avenue

Glendale, CA 91201

$3,999,500
Price
3
Beds
14
Baths
6,952 Sq. Ft.
$575 / Sq. Ft.
6,952
Sq. Ft.
$575
per Sq. Ft.

Description

Exceptional investment opportunity in Glendale! This eight-unit income property is a prime asset for investors. Located in a desirable area, these units boast a combination of modern amenities and classic charm. This 8-unit building offers the pinnacle of comfort with central AC & Heat and the convenience of in-unit washer-dryers. Featuring a mix of 2-bed/2-bath units and 1-bed/1-bath units. Strong rental history and potential for increased income, this property is a promising addition to any investment...Exceptional investment opportunity in Glendale! This eight-unit income property is a prime asset for investors. Located in a desirable area, these units boast a combination of modern amenities and classic charm. This 8-unit building offers the pinnacle of comfort with central AC & Heat and the convenience of in-unit washer-dryers. Featuring a mix of 2-bed/2-bath units and 1-bed/1-bath units. Strong rental history and potential for increased income, this property is a promising addition to any investment portfolio. Don't miss the chance to own this well-equipped and strategically located property in Glendale. Bring in your highest best offer. Drive by only!
  1. Listed by Sean Madadian • DRE #01066622 • Brokerage DRE #01294800 • Magic Realty • smmagicrealty@gmail.com

Property Details for 1119 Winchester Avenue

Parking Spaces Total
12
Private Pool
No
Cooling Type
Central Forced Air
Total Units
8.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No

Location

Listing Courtesy of Magic Realty, Sean Madadian, DRE #01066622
Add your commute
LISTING UPDATED: 04/17/2024 10:41 AM

Property Details for 1119 Winchester Avenue

StatusActive
MLS #GD23226633
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.17 AC / 7,208 SF
CountyLos Angeles County

Location

Listing Courtesy of Magic Realty, Sean Madadian, DRE #01066622
Add your commute

Building Information for 1119 Winchester Avenue

Stories3Residences-Year Built1989Building Size-Lot Size0.17 AC / 7,208 SF

Payment Calculator

$25,365 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,827

Property Taxes

$3,538

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1119 Winchester Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $240,686
  • Gross Scheduled Income: $242,136
  • Net Operating Income: $172,086
  • Cap Rate: 4.05
Expense Details
  • Operating Expense: $70,050
  • Gardener Expense: $1,350
  • Electric Expense: $5,212
  • Insurance Expense: $4,250
  • Maintenance Expense: $2,500
  • Professional Management Expense: $7,200
  • Other Expense: $44,000
  • Other Expense Description: Property
  • Trash Expense: $3,488
  • Water Sewer Expense: $3,500
  • Total Expenses: $71,500
Tax / Assessment Info
  • Tax Tract Number: 3196
  • Tax Census Tract: 3015.02
  • CFD/Mello-Roos Fee: $1,031
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Balcony
  • Room Type: Main Floor Bedroom, Main Floor Primary Bedroom
  • Laundry: Yes
  • Laundry Features: In Closet
  • Fireplace Features: None
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Entry Location: Street Level
  • Pool Features: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Levels: One, Three Or More
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,808
  • Unit Type Total Rent: $15,808
  • Unit Type Pro Forma: 15808
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,370
  • Unit Type Total Rent: $4,370
  • Unit Type Pro Forma: 4370
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 1119 Winchester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1119 Winchester Avenue

Taxable ValueLand$1,530,000Additions$2,299,000Total$3,829,000
Tax Record2023$42,459 ($3,538 / month)
Home Facts
Total Finished SqFt6,952 SqFtAbove Grade Finished SqFt6,952 SqFtStories1Lot Size7,205 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningGLR4YYCountyLOS ANGELESAPN5623-014-006

Schools near 1119 Winchester Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1119 Winchester Avenue is a multi-family home for sale in Glendale, CA 91201. This property was listed for sale on January 9, 2024 by Magic Realty, it's currently listed at $3,999,500. It has been on the market for a total of 109 days and was last sold on March 16, 2022. This listing's school district is Glendale Unified School District. Nearby schools include Thomas Jefferson Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 1119 Winchester Avenue is a 3-bed, 14-bath, 6,952 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magic Realty, Sean Madadian, DRE #01066622

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.