988 West Glenoaks Boulevard

Glendale, CA 91202

$1,875,000
Price
7
Beds
5
Baths
3,555 Sq. Ft.
$527 / Sq. Ft.
3,555
Sq. Ft.
$527
per Sq. Ft.

Description

This 4-unit residential property provides an excellent opportunity for income-producing investments. Its location is unbeatable as it is situated conveniently near the 134 freeway, Burbank, Downtown Glendale, and the Glendale Galleria. Each unit has been impeccably maintained and offers spacious living areas with numerous upgrades throughout. This property is perfect for those who are looking for a prime location. Don't miss out on this exceptional investment opportunity!This 4-unit residential property provides an excellent opportunity for income-producing investments. Its location is unbeatable as it is situated conveniently near the 134 freeway, Burbank, Downtown Glendale, and the Glendale Galleria. Each unit has been impeccably maintained and offers spacious living areas with numerous upgrades throughout. This property is perfect for those who are looking for a prime location. Don't miss out on this exceptional investment opportunity!
  1. Listed by Rickird Rey Ramirez • DRE #01964882 • Brokerage DRE #02142755 • Ally Commercial Real Estate • 818-941-2990
  2. Listed by Rickird Rey Ramirez • DRE #01964882 • Brokerage DRE #02142755 • Ally Commercial Real Estate

Property Details for 988 West Glenoaks Boulevard

Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3555
Assessor Parcel Number
5628-030-016

Location

Listing Courtesy of Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882; Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882
Add your commute
LISTING UPDATED: 02/27/2024 06:24 AM

Property Details for 988 West Glenoaks Boulevard

StatusActive
MLS #DW23190970
Days on Market198
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.14 AC / 6,225 SF
CountyLos Angeles County

Location

Listing Courtesy of Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882; Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882
Add your commute

Building Information for 988 West Glenoaks Boulevard

Stories2Residences-Year Built1948Building Size-Lot Size0.14 AC / 6,225 SF

Payment Calculator

$11,475 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

$1,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 988 West Glenoaks Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $112,884
  • Gross Scheduled Income: $112,884
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $110,097
  • Net Operating Income: $71,149
Expense Details
  • Operating Expense: $38,838
  • Fuel Expense: $0
  • Electric Expense: $1,510
  • Insurance Expense: $1,955
  • Trash Expense: $0
  • Water Sewer Expense: $6,131
  • Total Expenses: $38,348
Tax / Assessment Info
  • Tax Tract Number: 11150
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 247
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: Laundry Area
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
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: Yes
  • Unit Type Actual Rent: $2,222
  • Unit Type Total Rent: $2,222
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 1
Unit 2
  • 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: Yes
  • Unit Type Actual Rent: $3,245
  • Unit Type Total Rent: $3,245
  • Unit Type Pro Forma: 3595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,945
  • Unit Type Total Rent: $1,945
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 988 West Glenoaks Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 988 West Glenoaks Boulevard

Taxable ValueLand$523,399Additions$785,100Total$1,308,499
Tax Record2023$14,906 ($1,242 / month)
Home Facts
Total Finished SqFt3,555 SqFtAbove Grade Finished SqFt3,555 SqFtLot Size6,225 SqFtStyleQuadraplexYear Built1948ZoningGLR4YYCountyLOS ANGELESAPN5628-030-016

Schools near 988 West Glenoaks Boulevard

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 5
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Mark Keppel Elementary School
PublicK to 5

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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988 West Glenoaks Boulevard is a multi-family home for sale in Glendale, CA 91202. This property was listed for sale on October 12, 2023 by Ally Commercial Real Estate, it's currently listed at $1,875,000. It has been on the market for a total of 198 days and was last sold on September 18, 2015. This listing's school district is Glendale Unified School District. Nearby schools include Balboa Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 988 West Glenoaks Boulevard is a 7-bed, 5-bath, 3,555 sqft multi-family home built in 1948.

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 Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882; Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882

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.