1415 Cosmic Way
1415 Cosmic Way
Glendale, CA 91201
$2,600,000
Price
13
Beds
7
Baths
5,523 Sq. Ft.
$471 / Sq. Ft.
5,523
Sq. Ft.
$471
per Sq. Ft.
Description
Situated in the heart of Glendale, California, this charming 6-unit apartment complex occupies a coveted corner lot, offering both convenience and tranquility to its residents. Nestled within a vibrant neighborhood, it enjoys proximity to shopping centers, restaurants, entertainment venues, and excellent schools, making it an ideal choice for those seeking a blend of urban amenities and suburban charm. Exterior upgrades were recently done with the entire building that boasts a fresh coat of paint...Situated in the heart of Glendale, California, this charming 6-unit apartment complex occupies a coveted corner lot, offering both convenience and tranquility to its residents. Nestled within a vibrant neighborhood, it enjoys proximity to shopping centers, restaurants, entertainment venues, and excellent schools, making it an ideal choice for those seeking a blend of urban amenities and suburban charm. Exterior upgrades were recently done with the entire building that boasts a fresh coat of paint that revitalizes its facade, enhancing its curb appeal and creating a welcoming atmosphere for both residents and visitors alike. Additionally, a newer roof has been installed, ensuring durability and protection against the elements, thus providing peace of mind to the tenants. All windows were replaced years ago, enhancing energy efficiency and providing a contemporary look. Newer electrical panels have been installed, offering improved electrical safety and capacity for the entire complex. The property boasts central heating and air conditioning, providing comfort to all the units year-round. The building features copper plumbing throughout, known for its reliability and longevity. Interior features 5 of the 6 units were remodeled with updated kitchens, flooring, and fixtures, offering modern amenities and stylish living spaces. The installation of central heating and air conditioning offers comfort to all residents, while the copper plumbing upgrade guarantees a dependable water supply. Its corner lot positioning allows for ample natural light to flood the interiors, creating bright and airy living spaces throughout. The building offers a diverse range of floor plans to accommodate various lifestyle preferences with large patios downstairs for 4 of the units and two patios for the top 2 units. Five of the units feature spacious two-bedroom layouts, thoughtfully designed to optimize space and functionality, providing residents with comfortable living areas and ample storage options. Additionally, one unit stands out as a generously sized three-bedroom upper apartment, perfect for larger households or individuals seeking extra space for work or leisure activities and a nice patio too. This apartment complex presents an excellent investment opportunity as it offers both immediate rental income and long-term value appreciation potential. The building's prime location offers convenient access to entertainment options and other major attractions in Glendale.
- Listed by Marc Schwartz • DRE #01074603 • Brokerage DRE #00808075 • Berkshire Hathaway HomeServices California Properties • 661-297-1925
Property Details for 1415 Cosmic Way
View
None
Parking Spaces Total6
Private PoolNo
Cooling TypeCentral Forced Air
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5523
Location
Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Marc Schwartz, DRE #01074603
Add your commute
LISTING UPDATED: 06/04/2024 11:41 AM
Property Details for 1415 Cosmic Way
| Status | Active |
|---|---|
| MLS # | SR24104049 |
| Days on Market | 24 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1962 |
| County | Los Angeles County |
Location
Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Marc Schwartz, DRE #01074603
Add your commute
Building Information for 1415 Cosmic Way
Building/Complex1415 Cosmic WayFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-
Payment Calculator
$15,731 per month
30 year fixed, 7.25% Interest
Principal and Interest
$14,189
Property Taxes
$1,542
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1415 Cosmic Way
Rental Info
Rental Info
- Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
- Gross Income: $131,700
- Gross Scheduled Income: $131,700
- Net Operating Income: $120,312
- Laundry Income: $175
- Cap Rate: 4.62
Expense Details
- Operating Expense: $11,388
- Insurance Expense: $2,500
- Professional Management Expense: $6,000
- Trash Expense: $4,575
- Total Expenses: $0
Tax / Assessment Info
- Tax Tract Number: 4593
- Tax Census Tract: 3016.01
- CFD/Mello-Roos Fee: $977
- Tax Lot: 20
Community / Development
Community / Development
- Assessments YN: No
- Assessments: None
- Community Features: Curbs, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
- Appliances: Free-Standing Range, Gas Water Heater
- Equipment: Community, Dryer, Dryer Included, Room, Washer, Washer Included
- Interior Features: Copper Plumbing Full
- Room Type: Kitchen, Living Room
- Water Heater Features: Gas
- Water Heater Type: Gas
- Laundry: Yes
- Laundry Features: Community, Dryer Included, Individual Room, Washer Included
- Laundry Equipment Own Lease: Own
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central, Forced Air, Natural Gas
- Heat Source: Natural Gas
- Heating: Central, Forced Air, Natural Gas
- Heat Equipment: Forced Air Unit
- Flooring: Carpet, Laminate, Vinyl
- Virtual Tour URL Unbranded: https://tour.caimagemaker.com/l/?id=180838IDX
Exterior Features
- Window Features: Double Pane Windows
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Construction Materials: Brick, Stucco
- Exterior Construction: Brick, Stucco
- Exterior: Brick, Stucco
- Roof: Flat, Rolled/Hot Mop
- Entry Location: Front
- Fence: Yes
- Fence: Wood
- Fencing: Average Condition, Wood
- Foundation Details: Slab
- Property Condition: Turnkey
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
Land/Lot Info
- Lot Features: Landscaped, Lot 6500-9999, Irregular Lot, Sprinkler System, Sprinklers Timer
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: One, Two
- Water: Public
- Sewer: Public Sewer, Sewer Paid
- Sewer/Septic: Sewer Connected
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
- Electric: Electricity Connected, Natural Gas Connected, Sewer Connected
- Water Source: Public
Parking Info
- Garage Spaces: 6
- Parking: Yes
- Parking Garage: Assigned
- Parking Garage Spaces: 6
- Carport Spaces: 0
- Parking Features: Assigned
Unit Information
Unit 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $1,650
- Unit Type Pro Forma: 1950
- Unit Type Type: 1
Unit 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $1,650
- Unit Type Pro Forma: 1950
- Unit Type Type: 2
Unit 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,725
- Unit Type Total Rent: $1,725
- Unit Type Pro Forma: 2025
- Unit Type Type: 3
Unit 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,725
- Unit Type Total Rent: $1,725
- Unit Type Pro Forma: 2025
- Unit Type Type: 4
Unit 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,875
- Unit Type Total Rent: $1,875
- Unit Type Pro Forma: 2175
- Unit Type Type: 5
Unit 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,350
- Unit Type Total Rent: $2,350
- Unit Type Pro Forma: 2650
- Unit Type Type: 6
Unit Information
- Number Of Units Leased: 5
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 6
- Number With Dishwasher: 6
- Number With Range: 6
- Number With Refrigerator: 6
- Number With Disposal: 6
- Number With Patio: 6
Property History for 1415 Cosmic Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1415 Cosmic Way
Taxable ValueLand$1,026,186Additions$452,724Total$1,478,910
Tax Record2023$18,500 ($1,542 / month)
Home Facts
Total Finished SqFt5,523 SqFtAbove Grade Finished SqFt5,523 SqFtLot Size8,428 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningGLR3YYCountyLOS ANGELESAPN5627-014-025
Schools near 1415 Cosmic Way
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 |
|---|---|---|
Balboa 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.
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Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Marc Schwartz, DRE #01074603
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.