440 West Milford Street

Glendale, CA 91203

$4,200,000
Last Sold Price
18
Beds
17
Baths
9,476 Sq. Ft.
$443 / Sq. Ft.
9,476
Sq. Ft.
$443
per Sq. Ft.

Description

440 W. Milford is a 12-unit courtyard-style complex in the suburban family-oriented neighborhood of Glendale. The property is located on a quiet tree-lined street with a mix of single-family homes, well-maintained apartment buildings and across from Columbus Elementary School. Located 0.8 miles from the heart of Downtown Glendale, this well-maintained property is under a mile from The Americana, Glendale Galleria, and a wide array of popular retailers, cafes, and restaurants along Brand Boulevard....440 W. Milford is a 12-unit courtyard-style complex in the suburban family-oriented neighborhood of Glendale. The property is located on a quiet tree-lined street with a mix of single-family homes, well-maintained apartment buildings and across from Columbus Elementary School. Located 0.8 miles from the heart of Downtown Glendale, this well-maintained property is under a mile from The Americana, Glendale Galleria, and a wide array of popular retailers, cafes, and restaurants along Brand Boulevard. Built-in 1979, the 2-story complex features (5) 2-bdrm. and 2-bath units, (1) 2- bdrm. unit, and (6) 1-bdrm. units. These units reside on a nicely landscaped 14,554 SF double lot zoned GLR4 that presents a possible opportunity to add ADUs (buyer to verify). Property amenities include approx. 18 covered parking spaces, balconies for select units, and controlled access. Please note, The City of Glendale currently allows an 8.8% annual rent increase, 5% + CPI (Consumer Price Index). 440 W. Milford will stabilize at a 6.06% CAP and 11.84 GRM with projected market rents for renovated units.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

Property Details for 440 West Milford Street

Zoning
GLR4*
Cross Streets
N. Pacific Ave. and W. Milford St.
Parcel Number
5637020039
Total Units
12.0
Living Area
9476
Source Living Area
Vendor Enhanced
Area
Glendale-South of 134 Fwy (628)
Vacancy Rate
0 Units
LISTING UPDATED: 11/05/2024 11:54 AM

Property Details for 440 West Milford Street

StatusSold
MLS #24-428101
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.33 AC / 14,554 SF
CountyLos Angeles County

Building Information for 440 West Milford Street

Stories2Residences-Year Built1979Building Size-Lot Size0.33 AC / 14,554 SF

Property Information for 440 West Milford Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Card/Code Access
  • Direction Faces: North
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $321,570
  • Net Operating Income: $221,909.00
  • Gross Income: $328,133
  • Cap Rate: 4.93%
  • Gross Rent Multiplier: $13.71
  • Financial Info as Of: 08/15/2024
  • Total Annual Expense: 99661
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 14554
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking, Detached
  • Total Parking: 18
  • Covered Parking: 18
  • Parking Features: Carport, Covered
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Other
  • Equipment: Built-Ins, Cable, Garbage Disposal, Range/Oven, Hood Fan
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-15-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,611.00
  • Unit Actual Rent: $13,058.00
  • Unit Projected Rent: $14,475.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,295.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,978.00
  • Unit Actual Rent: $11,871.00
  • Unit Projected Rent: $14,370.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 440 West Milford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 440 West Milford Street

Taxable ValueLand$1,590,326Additions$283,977Total$1,874,303
Tax Record2024$21,813 ($1,818 / month)
Home Facts
Total Finished SqFt9,476 SqFtAbove Grade Finished SqFt9,476 SqFtLot Size14,550 SqFtStyleMulti-Family Res (5+ Units)Year Built1979ZoningGLR4*CountyLOS ANGELESAPN5637-020-039

Schools near 440 West Milford Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Columbus Elementary School
PublicK to 5

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover 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.

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 Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

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.