1537 Lake Street

Glendale, CA 91201

$1,087,000
Last Sold Price
5
Beds
3
Baths
836 Sq. Ft.
$1,300 / Sq. Ft.
836
Sq. Ft.
$1,300
per Sq. Ft.

Description

This investment property is ideal for a first time investor or an owner-user. The two-bedroom house has one two bedroom 1 bathroom apartment and 1 , one-bedroom one-bathroom apartment located behind it. The lower apartment has a private-use yard and the property has plenty of room for multi-car parking. Long time tenants are current and have always paid on time. Tenants willing to stay.This investment property is ideal for a first time investor or an owner-user. The two-bedroom house has one two bedroom 1 bathroom apartment and 1 , one-bedroom one-bathroom apartment located behind it. The lower apartment has a private-use yard and the property has plenty of room for multi-car parking. Long time tenants are current and have always paid on time. Tenants willing to stay.
  1. Listed by Ron Perez • DRE #02081746 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1537 Lake Street

Zoning
GLR3*
Style
California Bungalow
Parcel Number
5626020025
Total Units
3.0
Living Area
836
Source Living Area
Assessor
Area
Glendale-Northwest (626)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, Ron Perez, DRE #02081746

Sold By HD Realty Group, Suren Gulyan, DRE #01926311

Add your commute
LISTING UPDATED: 09/28/2021 10:48 AM

Property Details for 1537 Lake Street

StatusSold
MLS #21-694204
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.12 AC / 5,444 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Ron Perez, DRE #02081746

Sold By HD Realty Group, Suren Gulyan, DRE #01926311

Add your commute

Building Information for 1537 Lake Street

Stories2Residences-Year Built1925Building Size-Lot Size0.12 AC / 5,444 SF

Payment Calculator

$8,114 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,932

Property Taxes

$2,182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1537 Lake Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $76,800
  • Net Operating Income: $31,826.00
  • Gross Income: $44,280
  • Gross Rent Multiplier: $25.00
  • Actual Gross Annual Income: $43,200
  • Total Annual Expense: 11374
  • Water Expense: $1,800.00
  • Tax Expense: $8,374
  • Gardener Expense: $1,200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.125
  • Lot Size Square Feet: 5444
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 3
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Forced Air
  • Heating Type: Forced Air, Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-24-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $146,200.00
  • Assessed Improvement Percent: 20.31
  • Assessed Land Value: $573,800.00
  • Assessed Land Percent: 79.69
  • Assessed Total Value: $720,000.00

Property History for 1537 Lake Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1537 Lake Street

Taxable ValueLand$714,970Additions$484,400Total$1,199,370
Tax Record2023$26,179 ($2,182 / month)
Home Facts
Total Finished SqFt1,276 SqFtAbove Grade Finished SqFt1,276 SqFtLot Size5,513 SqFtStyleDuplexYear Built1925ZoningGLR3*CountyLOS ANGELESAPN5626-020-025

Schools near 1537 Lake Street

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Coldwell Banker Realty, Ron Perez, DRE #02081746

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.