907 Glendale Blvd, Los Angeles, CA 90026
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907 Glendale Blvd Los Angeles, CA 90026

$2,575,000
  • 4 Beds
  • 10 Baths
  • 4,312 Sq.Ft.
For Sale
$2,575,000 Get Pre-Qualified

Map preview of 907 Glendale Blvd, Los Angeles, CA 90026

Property Overview: 907 Glendale Blvd Los Angeles, CA has 4 bedrooms, 10 bathrooms, 4,312 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.

Listed by Andres Diaz | BRE #01956479 | Keller Williams Downtown LA
Last checked: 7 minutes ago | Last updated: October 2nd, 2023 | Source CRMLS | DOM: 258
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Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23292227
City
Los Angeles
County
Los Angeles
Time on Site
286 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,911
  • Total Rent: $7,644
  • Pro Forma/Market Rent: $8,384
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,071
  • Total Rent: $6,423
  • Pro Forma/Market Rent: $11,040
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.25
  • Gross Scheduled Income: --
  • Net Operating Income: $103,066
  • Gross Operating Income: $168,804
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 907 Glendale Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 10
  • Parcel Number: 5404005006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: south of Sunset Boulevard, across Echo Park Lake.
View more facts & features

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Sale History for 907 Glendale Blvd

Last sold for $17,800,000 on August 5th, 2015
  • July, 2023

  • Jul 19, 2023

    Date

    Active

    CRMLS: 23292227

    $2,800,000

    Price

  • September, 2021

  • Sep 7, 2021

    Date

    Price Change

    CRMLS: 21761794

    $3,000,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: 21761794

    $3,290,000

    Price

  • Listing provided courtesy of CRMLS

    Unbeatable location across from Echo Park Lake. Highly-sought after bungalow structures boasting studio & one-bedroom units. Four single car garage parking for the one-bedroom units. There is currently a 1-bedroom unit vacant. Significant upside in the rents. Showings with an accepted offer.

  • August, 2015

  • Aug 5, 2015

    Date

    Sold (Public Records)

    Public Records

    $17,800,000

    Price

  • March, 2006

  • Mar 28, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,385,000

    Price

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Tax History for 907 Glendale Blvd

Assessed Value (2020): $1,407,959
Year Land Value Improved Value Assessed Value
2020 $1,055,370 $352,589 $1,407,959

Home Value Compared to the Market

This property vs the competition

907 Glendale Blvd is listed 108.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $597.17 per/sqft which puts the price per square foot 22.75% lower than the median price per square foot for the city of Los Angeles.

About 907 Glendale Blvd

Detailed summary of property

907 Glendale Blvd is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 4 bedrooms, 10 bathrooms, roughly 4,312 living square feet, and sits on an approximately 7,500 square foot lot. 907 Glendale Blvd was first listed on ArdentRealEstateGroup.com on July 19, 2023. The homeowner is currently asking $2,575,000 and was originally asking $2,800,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 108.33% higher than the median priced home. Local competing homes currently for sale include 743 N Occidental Blvd, 2021 Miramar St and 1889 Lemoyne St. While the average home in Los Angeles, CA is selling in 96 days, 907 Glendale Blvd has a days on market of 258 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 907 Glendale Blvd Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 907 Glendale Blvd

Public county record property details
Beds
6
Baths
9
Year built
1923
Sq. Ft.
4,312
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5404-005-006

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$940,000
Median Sold Price/Sq.Ft.
$850
Total Inventory
56
Median Sale to List Price %
100.11%
Avg Days on Market
16
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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Related Resources to 907 Glendale Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.