908 East Garfield Avenue

Glendale, CA 91205

$1,850,000
Last Sold Price
12
Beds
6
Baths
4,368 Sq. Ft.
$424 / Sq. Ft.
4,368
Sq. Ft.
$424
per Sq. Ft.

Description

Tremendous opportunity. Rare 14,000 square foot lot in Glendale. Zoning is R-1650 which is the second best multi-residential zoning in Glendale. The property currently has 6 units, however current zoning allows for more! Additionally, property may qualify for Bonus Density, incentives and concessions. What an amazing opportunity to build and maximize this huge lot. Also excellent for first time investment or step-up investment. Property has deferred maintenance that needs to be addressed but tremendous...Tremendous opportunity. Rare 14,000 square foot lot in Glendale. Zoning is R-1650 which is the second best multi-residential zoning in Glendale. The property currently has 6 units, however current zoning allows for more! Additionally, property may qualify for Bonus Density, incentives and concessions. What an amazing opportunity to build and maximize this huge lot. Also excellent for first time investment or step-up investment. Property has deferred maintenance that needs to be addressed but tremendous upside potential as it currently exist. Current rents support a good cap rate. This 6 plex is centrally located in Glendale. Close proximity to California Distinguished Schools, Restaurants, Downtown Business District and the Americana! 14k square foot lot, ideal for development. Broker makes no guarantee regarding bonus density. Buyer to verify any and all information regarding bonus density for additional units. Act fast , this opportunity will will have tremendous interest.
  1. Listed by Gregory Holmes • DRE #01228597 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 908 East Garfield Avenue

Zoning
GLR4YY
Style
Bungalow
Cross Streets
Adams and Mariposa
Parcel Number
5675030029
Total Units
6.0
Living Area
4368
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)

Location

Listing Courtesy of Coldwell Banker Realty, Gregory Holmes, DRE #01228597

Sold By Matthews Real Estate Investment Services, Anthony Connell, DRE #02126025

Add your commute
LISTING UPDATED: 06/09/2022 11:30 PM

Property Details for 908 East Garfield Avenue

StatusSold
MLS #22-151455
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.32 AC / 14,015 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Gregory Holmes, DRE #01228597

Sold By Matthews Real Estate Investment Services, Anthony Connell, DRE #02126025

Add your commute

Virtual Tour

Building Information for 908 East Garfield Avenue

Stories1Residences-Year Built1925Building Size-Lot Size0.32 AC / 14,015 SF

Payment Calculator

$11,880 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,784

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 908 East Garfield Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Multi-Family
  • Entry Floor Number: 1
  • Security Features: None
  • Water: District
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $85,320
  • Net Operating Income: $59,140.00
  • Gross Income: $85,320
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $12.90
  • Vacancy Allow Percent: 2.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 26180
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3217
  • Lot Size Square Feet: 14015
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-28-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,185.00
  • Unit Actual Rent: $7,110.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $34,303.00
  • Assessed Improvement Percent: 30.21
  • Assessed Land Value: $79,245.00
  • Assessed Land Percent: 69.79
  • Assessed Total Value: $113,548.00

Property History for 908 East Garfield 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 908 East Garfield Avenue

Taxable ValueLand$1,020,000Additions$867,000Total$1,887,000
Tax Record2023$21,403 ($1,784 / month)
Home Facts
Total Finished SqFt4,368 SqFtAbove Grade Finished SqFt4,368 SqFtLot Size14,015 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningGLR4YYCountyLOS ANGELESAPN5675-030-029

Schools near 908 East Garfield 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 - 9 to 12
Rating
School
Distance
John Muir Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Glendale 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.

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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 Coldwell Banker Realty, Gregory Holmes, DRE #01228597

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.