1128 Irving Avenue

Glendale, CA 91201

$1,825,000
Last Sold Price
6
Beds
5
Baths
2,902 Sq. Ft.
$629 / Sq. Ft.
2,902
Sq. Ft.
$629
per Sq. Ft.

Description

With the majority of the units completely remodeled in recent years, the property offers improved cash flow along with a road map to add value to the remaining units. The property is not subject to Los Angeles Rent Control, instead allowing an investor to more rapidly increase rents via AB 1482. Featuring a separate two-bedroom house in front of a quadruplex, the property benefits from extensive upgrades in recent years. Remodeled units feature in-unit washer/dryers, updated kitchens and bathrooms,...With the majority of the units completely remodeled in recent years, the property offers improved cash flow along with a road map to add value to the remaining units. The property is not subject to Los Angeles Rent Control, instead allowing an investor to more rapidly increase rents via AB 1482. Featuring a separate two-bedroom house in front of a quadruplex, the property benefits from extensive upgrades in recent years. Remodeled units feature in-unit washer/dryers, updated kitchens and bathrooms, recessed lighting, and wood flooring. This location features strong tenant demographics, with several major employers nearby in both Glendale and Burbank. Walt Disney Studios, Warner Brothers Studios, Walt Disney Imagineering, and Dreamworks Animation are all within a short distance. The Los Angeles Zoo, Griffith Park, Universal Studios, and the Los Angeles Equestrian Center are all situated near the property as well. The high-end Americana at Brand and the remodeled Glendale Galleria are both a short drive from the property, as are the Burbank Town Center and Burbank Empire Shopping Center. The largest IKEA store in North America sits within blocks of the property, as do Trader Joe's, Ralphs, CVS, The Home Depot, and Smart & Final.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1128 Irving Avenue

Zoning
GLR4YY
Parcel Number
5621040014
Total Units
5.0
Living Area
2902
Source Living Area
Vendor Enhanced
Area
Glendale-Northwest (626)
Vacancy Rate
0%
Lot Size Area
6557
LISTING UPDATED: 10/02/2024 07:17 PM

Property Details for 1128 Irving Avenue

StatusSold
MLS #24-427979
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.15 AC / 6,557 SF
CountyLos Angeles County

Building Information for 1128 Irving Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.15 AC / 6,557 SF

Property Information for 1128 Irving Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • 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: $134,346
  • Net Operating Income: $94,168.00
  • Gross Income: $134,988
  • Gross Rent Multiplier: $13.55
  • Total Annual Expense: 40178
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1506
  • Lot Size Square Feet: 6557
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,988.00
  • Unit Actual Rent: $7,954.00
  • Unit Projected Rent: $8,780.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,295.00
  • Unit Actual Rent: $3,295.00
  • Unit Projected Rent: $3,295.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $787,950.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $525,300.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $1,313,250.00

Property History for 1128 Irving 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 1128 Irving Avenue

Taxable ValueLand$535,806Additions$805,984Total$1,341,790
Tax Record2024$15,307 ($1,276 / month)
Home Facts
Total Finished SqFt2,902 SqFtAbove Grade Finished SqFt2,902 SqFtLot Size6,558 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningGLR4YYCountyLOS ANGELESAPN5621-040-014

Schools near 1128 Irving 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 - K to 6
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin 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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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.