640 Ivy Street

Glendale, CA 91204

$2,690,000
Price
4
Beds
14
Baths
5,616 Sq. Ft.
$479 / Sq. Ft.
5,616
Sq. Ft.
$479
per Sq. Ft.

Description

We are pleased to be retained as the exclusive agents for this 6-unit multifamily investment offering in Glendale Ca. Comprised of a remarkable unit mix, 2 blocks to Americana at Brand, and individual hot water heaters. Comprised of a remarkable unit mix, 2 blocks to Americana at Brand, and individual hot water heaters (5) of the 6 units are remodeled, 2 units are townhouse style and several HVAC units have been replaced. At 13.7 GRM this is a great turnkey offering with additional rental upside...We are pleased to be retained as the exclusive agents for this 6-unit multifamily investment offering in Glendale Ca. Comprised of a remarkable unit mix, 2 blocks to Americana at Brand, and individual hot water heaters. Comprised of a remarkable unit mix, 2 blocks to Americana at Brand, and individual hot water heaters (5) of the 6 units are remodeled, 2 units are townhouse style and several HVAC units have been replaced. At 13.7 GRM this is a great turnkey offering with additional rental upside potential. Multiple storage closets can potentially generate additional revenue streams and there might be potential to incorporate an ADU, buyer to confirm.
  1. Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center • info@alexanianadvisors.com

Property Details for 640 Ivy Street

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5616
Assessor Parcel Number
5695-009-016
Property Attached YN
true
LISTING UPDATED: 10/31/2024 07:06 AM

Property Details for 640 Ivy Street

StatusActive
MLS #SR24208614
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
CountyLos Angeles County

Building Information for 640 Ivy Street

Building/Complex640 Ivy StFloor-Stories1Residences-Pet Policy-Year Built1988Building Size-

Property Information for 640 Ivy Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $16,350
  • Gross Scheduled Income: $196,200
  • Net Operating Income: $142,548
  • Laundry Income: $150
  • Other Income 1: $50
Expense Details
  • Operating Expense: $49,728
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $49,728
Tax / Assessment Info
  • Tax Tract Number: 5025
  • Tax Census Tract: 3023.01
  • CFD/Mello-Roos Fee: $957
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Private
  • Sewer: Private Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $10,600
  • Unit Type Pro Forma: 11400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $5,400
  • Unit Type Pro Forma: 5900
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 640 Ivy 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 640 Ivy Street

Taxable ValueLand$314,330Additions$353,412Total$667,742
Tax Record2024$8,207 ($684 / month)
Home Facts
Total Finished SqFt5,616 SqFtAbove Grade Finished SqFt5,616 SqFtStories1Lot Size6,990 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningGLR4YYCountyLOS ANGELESAPN5695-009-016

Schools near 640 Ivy Street

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
Cerritos Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison 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.

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640 Ivy Street is a multi-family home for sale in Glendale, CA 91204. This property was listed for sale on October 8, 2024 by Keller Williams World Media Center, it's currently listed at $2,690,000. This listing's school district is Glendale Unified School District. Nearby schools include Cerritos Elementary School, Theodore Roosevelt Middle School and Herbert Hoover High School. 640 Ivy Street is a 4-bed, 14-bath, 5,616 sqft multi-family home built in 1988.

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 Keller Williams World Media Center, Levon Alexanian, DRE #00911091

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.