500 West Wilson Avenue

Glendale, CA 91204

$1,405,000
Last Sold Price
5
Beds
5
Baths
3,526 Sq. Ft.
$398 / Sq. Ft.
3,526
Sq. Ft.
$398
per Sq. Ft.

Description

Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers. The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes,...Featuring a charming fourplex and a standalone cottage on the same corner parcel, the property contains spacious, remodeled one bedroom floorplans. Tenants enjoy the property's combination of vintage character, with its walk-in closets and built-in cabinets, and its modern improvements, including stainless steel appliances and in-unit washer/dryers. The property has benefitted from several recent upgrades, including copper plumbing, new windows, granite countertops, decorative kitchen backsplashes, new kitchen cabinets, completely remodeled bathrooms, and new landscaping. Thanks to these improvements, there is very little deferred maintenance remaining (Buyer to verify) allowing a new owner to minimize costs while enjoying the asset's attracttive 4.70% CAP Rate. Situated on the corner of Wilson Avenue and Pacific Avenue, the building benefits from high visibility and convenient access to the 5 and 134 Freeways.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 500 West Wilson Avenue

Zoning
GLR4YY
Parcel Number
5638001077
Total Units
5.0
Living Area
3526
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
0
Lot Size Area
6982

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute
LISTING UPDATED: 05/05/2023 09:28 AM

Property Details for 500 West Wilson Avenue

StatusSold
MLS #20-557720
Days on Market183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.16 AC / 6,982 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute

Building Information for 500 West Wilson Avenue

Stories2Residences-Year Built1914Building Size-Lot Size0.16 AC / 6,982 SF

Payment Calculator

$9,056 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,668

Property Taxes

$1,388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 West Wilson Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • 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: $105,720
  • Net Operating Income: $70,312.00
  • Gross Income: $103,050
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $14.07
  • Total Annual Expense: 32739
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6982
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 2
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-24-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,695.00
  • Unit Actual Rent: $6,780.00
  • Unit Projected Rent: $7,780.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,030.00
  • Unit Actual Rent: $2,030.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $198,900.00
  • Assessed Land Value: $596,700.00

Property History for 500 West Wilson 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 500 West Wilson Avenue

Taxable ValueLand$587,826Additions$873,936Total$1,461,762
Tax Record2023$16,656 ($1,388 / month)
Home Facts
Total Finished SqFt4,142 SqFtAbove Grade Finished SqFt4,142 SqFtLot Size6,982 SqFtStyleMulti-Family Res (5+ Units)Year Built1914ZoningGLR4YYCountyLOS ANGELESAPN5638-001-077

Schools near 500 West Wilson Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Columbus Elementary School
PublicK to 5

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison 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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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

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.