About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

530 Palm Dr, Glendale, CA 91202

$6,405,000

Last sold 02/28/2018 after 139 Days

6
bed
5
bath

House not for sale

About 530 Palm Dr

Property type House

Neighborhood

Year built 1985

HOA fee $0/month

Lot size 0.28 Acre

Property description

We are pleased to introduce to you this rare opportunity to own 16 units in non- rent controlled Glendale, California. The Palm Glen apartments are a very well maintained asset boasting an extensive list of capital improvements over the years including upgrades to interior units. Detailed upgrades list in offering memorandum. Built in 1985, the assets incorporates central AC, subterranean parking and intercom/gated access. Offered already at in place CAP rate of 3.63% the asset also has 15% + loss to leas

Listed by

Listing Agent - Levon

Listing Office - Keller Williams World Media Center

Source: San Diego MLS

MLS#SR17234588 • last updated 6 years ago

Movoto checked San Diego MLS for data 2 minutes ago

Overview
Levels/Style	2 Story
Status	SOLD
SubType	Res Income 2-4 Units
MLS #	SR17234588
Lot Size (SqFt)	11990
Year Built	1985

Exterior
Lot Desc	Sidewalks

Amenities / Utilities
Water Source	Meter On Property
Pool Desc	N/K

Location
County	Los Angeles
APN	5636002072
Zoning	GLR4*
Directions	North Of Glenoaks Blvd, West Of Pacific Ave, South Of Kenneth Rd

Multifamily Details
Unit 2: # Bedrooms	2
Unit 3: # Bedrooms	3
Unit 1: # Total Baths	1
Unit 2: # Total Baths	2
Unit 3: # Total Baths	2
Unit 1: # Bedrooms	1
Unit 1: Garage Desc	Assigned
Unit 2: Actual Rent	2135
Unit 3: Actual Rent	2450
Total # of Units	16
Gross Rent Multiplier (Actual)	17.77
Gross Scheduled Income	376980

Lower your payment with the loan terms that fit you.

Mar 2018
Public Records
Mar 1, 2018 Sold
$6,405,000
Feb 2018
MLS # SR17234588
Feb 28, 2018 Sold
$6,405,000
Feb 28, 2018 Sold
$6,405,000 (-4.4%)
Jan 5, 2018 Pending
—
Dec 6, 2017 Active
—
Oct 12, 2017 Listed
$6,700,000
Oct 12, 2017 Listed
$6,700,000 (-79.1%)
Oct 2016
MLS # SR16080918
Oct 6, 2016 Sold
$32,000,000 (+563.2%)
Jun 3, 2016 Pending
—
Apr 18, 2016 Listed
$5,400,000
Apr 18, 2016 Listed
$5,400,000
Sep 2016
Public Records
Sep 26, 2016 Sold
$4,825,000 (-10.6%)

Year Property taxes Tax assessment
2024
$79,272 +2.3%

$7,149,095 +2.0%
2023
$77,464 -4.7%

$7,009,000 -4.62%
2022
$81,305 +1.7%

$7,348,200 +9.07%
2021
$79,914 +8.3%

$6,736,997
2020
$73,766

$6,736,997

530 Palm Dr
$6.4M
Glenwood
$1.59M +72% y/y
91202
$1.12M +12% y/y
Glendale
$1.12M +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
526 Palm Dr, Glendale, CA 91202	$1,157,000	2/1	1,441	0.01
533 W Dryden St, Glendale, CA 91202	$1,697,000	3/3	2,491	0.02
537 W Dryden St, Glendale, CA 91202	$1,096,000	2/2	1,114	0.02
539 W Dryden St, Glendale, CA 91202	$1,479,000	3/2	1,874	0.02
543 W Dryden St, Glendale, CA 91202	$1,018,000	2/1	920	0.03
545 W Dryden St, Glendale, CA 91202	$1,174,000	3/2	1,764	0.03
535 Palm Dr, Glendale, CA 91202	$1,263,000	2/2	1,242	0.03
529 Palm Dr, Glendale, CA 91202	$1,250,000	3/2	1,238	0.03

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.