Movoto Real Estate
Sold on 09/26/2022
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1062 Raymond Ave, Glendale, CA 91201

  • $8,426,159

    Last sold 09/26/2022 for $8.95M

  • 32

    bed

  • 32

    bath

  • 16,169

    Sqft ($554/Sqft)

Multi-family not for sale
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About 1062 Raymond Ave

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Property description
This 32-bedroom, 32-bathroom multi-family property is located at 1062 Raymond Ave, Glendale, CA, 91201, in the Grandview neighborhood in Los Angeles County and was built in 1987. The property offers 16,169 square feet of living space on a 14,842 sq ft (0.3407-acre) lot.
Overview
Levels/Style Multi/Split
MLS # 24-441075
Type Residential Income
Status Active
SqFt 16169
Lot Size (SqFt) 14842
Lot Size (Acres) 0.3407
Year Built 1987
Interior
Total # of Baths 32
Total # of Bedrooms 32
Exterior
# Parking Spaces 34
Parking Desc Subterranean, Carport Attached
Add'l Structures None
Amenities / Utilities
Equipment Microwave, Dishwasher, Refrigerator
Location
County Los Angeles
Zoning GLR4YY
APN 5623-024-025
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 15750
Unit 1: Projected Rent 3250
Unit 1: # Beds 3
Unit 1: Rent 3000
Unit 2: Rent 2187
Unit 3: Rent 1948
Unit 4: Rent 1500
Unit 2: Furnished No
Unit 2: Projected Rent 30800
Unit 4: Projected Rent 1800
Unit 3: # Beds 1
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 3: # Baths 1
Unit 1: # Baths 2
Unit 4: # Baths 1
Unit 4: Actual Rent 1500
Unit 2: Actual Rent 24057
Unit 3: Actual Rent 13636
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 3000
Total # Of Buildings 2
Net Operating Income 308062
Annual Rent 512268
Cap Rate 3.44
Vacancy Amount (%) 3
Vacancy Rate 3%
Gross Income 496900
Gross Operating Income 496900
Gross Rent Multiplier 17.47
Total Annual Expenses 188838
$8.42M
Range: $7.58M-$9.26M
Last 30 days 
  • Oct 2024
  • Oct 30, 2024 Delisted
    $8,950,000
  • Sep 17, 2024 Listed
    $8,950,000
  • Sep 2022
    Public Records
  • Sep 26, 2022 Sold
    $8,950,000 (+2.3%)
  • Sep 2022
  • Sep 26, 2022 Sold
    $8,750,000 (-3.8%)
  • Aug 29, 2022 Active
  • Aug 1, 2022 Listed
    $9,100,000 (+12.3%)
  • Dec 2021
    Public Records
  • Dec 10, 2021 Sold
    $8,100,000
  • 1062 Raymond Ave
    $8.95M
  • Grandview
    $648K -44% y/y
  • 91201
    $1.19M -7% y/y
  • Glendale
    $999K -16% y/y
No chart available
Statistics calculated by Movoto

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6/10
Thomas Jefferson Elementary School
public Grades K-6
Glendale Unified School District
6/10
Eleanor J. Toll Middle School
public Grades 6-8
Glendale Unified School District
7/10
Herbert Hoover High School
public Grades 9-12
Glendale Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Grandview

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