1905 Vassar Street

Glendale, CA 91204

$2,510,000
Last Sold Price
10
Beds
9
Baths
5,527 Sq. Ft.
$454 / Sq. Ft.
5,527
Sq. Ft.
$454
per Sq. Ft.

Description

Don't miss this opportunity to own this beautiful seven-unit turnkey property located in the family-oriented and business-friendly Glendale submarket. The subject property is conveniently located in South Glendale giving tenants easy access to the amenities in Glendale, Atwater Village and DTLA. The 5,527sf two-story building sits on a 7,996sf lot, and is comprised of (2) two bedroom and two bathroom units, (1) two bedroom and one bathroom unit and (4) one bedroom and one bathroom units. All of the...Don't miss this opportunity to own this beautiful seven-unit turnkey property located in the family-oriented and business-friendly Glendale submarket. The subject property is conveniently located in South Glendale giving tenants easy access to the amenities in Glendale, Atwater Village and DTLA. The 5,527sf two-story building sits on a 7,996sf lot, and is comprised of (2) two bedroom and two bathroom units, (1) two bedroom and one bathroom unit and (4) one bedroom and one bathroom units. All of the units have been fully remodeled including new plumbing and electrical. These spacious, open layout units include engineered hard wood floors, quartz counters, new cabinets, dishwashers, in unit stacked washer/dryers and plenty of natural light. Please note the current owners are achieving 100% rent collections throughout the COVID-19 pandemic. This turnkey property features 7 parking spaces and all units are individually metered for electricity. IMPORTANT NOTE: The Interest Rate of said Loan, 4.21% will remain fixed until July 2026, then become variable, all due in July 2049. Buyer to pay 1% assumption fee plus customary lender underwriting expenses.
  1. Listed by Mark Konopaske • DRE #00960857 • Brokerage DRE #00960857 • Mark Konopaske

Property Details for 1905 Vassar Street

Zoning
GLR4YY
Style
Mid-Century
Parcel Number
5640039002
Total Units
7.0
Living Area
5527
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
0

Location

Listing Courtesy of Mark Konopaske, Mark Konopaske, DRE #00960857

Sold By The Agency, Karine Aslanian, DRE #01331967

Add your commute
LISTING UPDATED: 02/07/2024 04:01 PM

Property Details for 1905 Vassar Street

StatusSold
MLS #22-160119
Days on Market441
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.18 AC / 7,996 SF
CountyLos Angeles County

Location

Listing Courtesy of Mark Konopaske, Mark Konopaske, DRE #00960857

Sold By The Agency, Karine Aslanian, DRE #01331967

Add your commute

Building Information for 1905 Vassar Street

Stories2Residences-Year Built1962Building Size-Lot Size0.18 AC / 7,996 SF

Payment Calculator

$15,751 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,698

Property Taxes

$2,053

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1905 Vassar Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • ADA Compliance: No
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $183,936
  • Net Operating Income: $134,355.00
  • Gross Income: $183,936
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $14.65
  • Total Annual Expense: 49581
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1836
  • Lot Size Square Feet: 7996
  • Lot Size Dimensions: 50x160
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 7
  • Carport Spaces Total: 7
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Electric
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Washer, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-31-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $5,100.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,499.00
  • Unit Actual Rent: $2,499.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,945.00
  • Unit Actual Rent: $7,779.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 1905 Vassar 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 1905 Vassar Street

Taxable ValueLand$1,312,374Additions$874,915Total$2,187,289
Tax Record2023$24,632 ($2,053 / month)
Home Facts
Total Finished SqFt5,527 SqFtAbove Grade Finished SqFt5,527 SqFtLot Size7,997 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningGLR4YYCountyLOS ANGELESAPN5640-039-002

Schools near 1905 Vassar 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 - 9 to 12
Rating
School
Distance
Cerritos Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Glendale High School
Public9 to 12

Anderson W. Clark Magnet High School
Public9 to 12

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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Similar Sold Homes

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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 Mark Konopaske, Mark Konopaske, DRE #00960857

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.