616 E Lomita Ave Glendale, CA 91205

$1,400,000 Sold Price as of 01/18/2017

8 Beds
6 Baths
6,078 Sq.Ft.

Off Market

$1,400,000 Sold Price as of 01/18/2017 Refinance Your Mortgage

Map preview of 616 E Lomita Ave, Glendale, CA 91205

Property Overview: 616 E Lomita Ave Glendale, CA has 8 bedrooms, 6 bathrooms, 6,078 living square feet and 7,156 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

616 E Lomita Ave is currently an off market home in the city of Glendale. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Glendale has a median list price of $1,149,000. The median price per/sqft for Glendale is $698. With those numbers in mind, if you are looking to purchase a median priced home in Glendale, CA and put 20% down you will need to save up $229,800 for the down payment and will need roughly $22,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Glendale the commission could be as much as $49,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 616 E Lomita Ave

Last sold for $1,400,000 on January 18th, 2017

October, 2023
Oct 11, 2023

Date

Expired

CRMLS: GD22214115

$3,499,000

Price
Oct 11, 2022

Date

Active

CRMLS: GD22214115

$3,499,000

Price
Listing provided courtesy of CRMLS

An opportunity to purchase a completely renovated 8-unit Apartment Building next to a 3 Bedroom/1.5 Bath 1200+ house in the Highly Desirable City of Glendale. You can owner occupy the house and collect the income from the 8 units, or acquire it as a 9-unit investment with the possibility of future development. The current owner has preliminary plans for a 3-STORY 11-UNIT APARTMENT building development project. Please do not go on the property as the property is fully occupied by tenants. Offer subject to inspection. Contact the listing office with any questions.

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August, 2018
Aug 29, 2018

Date

Canceled

CRMLS: BB18011081

$1,895,000

Price
Aug 21, 2018

Date

Withdrawn

CRMLS: BB18011081

$1,895,000

Price
Jul 23, 2018

Date

Price Change

CRMLS: BB18011081

$1,895,000

Price
Jul 16, 2018

Date

Active

CRMLS: BB18011081

$1,997,000

Price
Jul 16, 2018

Date

Price Change

CRMLS: BB18011081

$1,997,000

Price
May 19, 2018

Date

Withdrawn

CRMLS: BB18011081

$1,995,000

Price
Feb 5, 2018

Date

Active

CRMLS: BB18011081

$1,995,000

Price
Listing provided courtesy of CRMLS

Please read the notes. Preliminary drawing and rendering attached for proposed building. This Spanish style rental income building and Craftsman house next door are being offed for sale together but they are listed separately with separate price and listing numbers. Please see the other listing (622 E Lomita Ave Listing# BB 18011193) . These 2 properties use a common parking and driveway, therefore they must be sold at the same time. Both properties ad up to 14,312 SF lot and they are both zoned GLR4Y. Preliminary drawing and rendering attached. Buyers to do their own investigations with planning. Seller will not entertain any offers unless buyers offer to buy both properties (616 E Lomita Ave #BB18011081 and 622 E Lomita Ave.#BB18011193). Thank you

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January, 2017
Jan 18, 2017

Date

Sold (Public Records)

Public Records

$1,400,000

Price
January, 2017
Jan 17, 2017

Date

Canceled

CRMLS: 316005351

$1,689,000

Price
Sep 20, 2016

Date

Active Under Contract

CRMLS: 316005351

$1,689,000

Price
Jun 21, 2016

Date

Price Change

CRMLS: 316005351

$1,689,000

Price
Listing provided courtesy of CRMLS

616 E Lomita St is a Spanish style multifamily investment opportunity located in the downtown area of Glendale, California. Highly convenient to shopping areas such as Glendale Galleria and Americana with short easy walking distance from all schools. This is a highly desirable residential area.

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April, 2009
Apr 30, 2009

Date

Sold (Public Records)

Public Records

$805,000

Price
August, 2008
Aug 16, 2008

Date

Expired

CRMLS: 12105969

$1,150,000

Price
Feb 19, 2008

Date

Active

CRMLS: 12105969

$1,150,000

Price
Listing provided courtesy of CRMLS

8 Units Glendale. A Great Investment Opportunity! Excellent mix (4) 2+1, (1) 1+1 and (3) 0+1. Units have large kitchen with eating area, spacious living room and dining area. City of Glendale has issued Certificate Of Compliance for 8 units building, but tax records shows as 4 units, Buyer to investigate. Landlord pays all utilities. 4 gas and 4 electric meters and 8 water heaters. Owner owned laundry machines and 4 parking spaces. No Rent Control. Great rental area. View Rent Roll in Virtual Media.

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Tax History for 616 E Lomita Ave

Assessed Value (2020): $1,623,024

Year	Land Value	Improved Value	Assessed Value
2020	$936,360	$686,664	$1,623,024

About 616 E Lomita Ave

Detailed summary of property

616 E Lomita Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Glendale, CA 91205 and last sold on January 18, 2017 for $1,400,000. This property has 8 bedrooms, 6 bathrooms, roughly 6,078 living square feet, and sits on an approximately 7,156 square foot lot. Homes in Glendale are selling for a median price of $990,000 and a median price per square foot of $692. Based on Ardent Real Estate Group's Glendale Market Data, this home is sold 41.41% higher than the current median priced home. 616 E Lomita Ave was last sold on January 18, 2017 for $1,400,000. Local nearby listings include 3776 Dover Pl, 3776 Dover Pl and 3776 Dover Pl. The average home in Glendale, CA is selling in 72 days. There are currently 172 homes for sale in the Glendale real estate market and 107 of them are single family homes while 53 of them are condos and 11 are townhomes. If you are the homeowner and looking to sell the home at 616 E Lomita Ave Glendale, CA 91205 contact Ardent Real Estate Group and we will put you in touch with one of our Glendale agents.

Public Facts for 616 E Lomita Ave

Public county record property details

Beds: 8
Baths: 6
Year built: 1931
Sq. Ft.: 6,078
Lot Size: 7,156
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5675-004-006

The source for these homes facts are from public records.

91205 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$789

Median Sold Price

$485,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

Median Sale to List Price %

102.11%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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(714) 706-1823

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