We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units have been well-maintained but not renovated. Many units feature private patios, common area patios, private balconies, and Juliette balconies. The average unit size is approximately 950 square feet, offering diverse floorplans suitable for family living. All units are equipped with central HVAC and are individually metered for gas and electric utilities.The property includes a subterranean garage providing 48 parking spaces for tenants, an owner's storage room, trash disposal area, an on-site laundry room, and elevator access. Recent capital expenditures have ensured the property's excellent condition, including a new sewer line, elastomeric roof coating, and the installation of 6 new HVAC package units. The remaining 19 HVAC package units are under contract to be replaced soon. 451 Hawthorne St. is conveniently situated between Broadway and Colorado St., with Central Ave. to the west and Pacific Ave. to the east. Residents have easy access to several nearby bus stops on Pacific Ave., Broadway, and Colorado St. Moreover, its proximity to the Glendale Galleria and Americana at Brand, both within one to two blocks, ensures a high demand for rental units in one of Glendale's most sought-after neighborhoods.
Property Details
Property Features
Property Information:
Year Built: 1989
Stories: 3
Living Area: 23,673 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Interior Features
Interior Information:
Appliances: Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 43
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.43 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Herbert Hoover High School, Public District Grades 9-12
Theodore Roosevelt Middle School, Public District Grades 6-8
Thomas Edison Elementary School, Public Magnet Grades KG-6
Other
Directions Information:
Directions: Head east on West Colorado Street and turn left on South Pacific Ave, then turn right on Hawthorne Street. The subject property is situated in between South Pacific Avenue and South Columbus Avenue.
Price Information
Listing Price Info
Price Summary:
List Price: $11,550,000
Price Per SqFt: $488/SqFt
Tax Information:
Annual Amount: $36,111
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $10.4M more than the Median Sold Price and $218/SqFt less than other homes in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24360421
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 3:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 26, 1990
Nov 26, 1990Home Sold
$1,231,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$36,111
$3,095,717
2020
$34,779
$3,051,604
2019
$34,075
$2,991,770
2018
$33,531
$2,933,108
2017
$33,531
$2,875,597
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$57.7K
Per Month
Principal & Interest
$57.6K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$34.6K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Thomas Edison Elementary School
435 S Pacific Ave
Distance between this listing and this school0.33 miles
Public Magnet Grades KG-6
Middle School
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.99 miles
Public District Grades 6-8
High School
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.52 miles
Public District Grades 9-12
Assigned Schools
8
/10
Thomas Edison Elementary School
435 S Pacific Ave
Distance between this listing and this school0.33 miles
Public Magnet Grades KG-6
Nearby Schools
6
/10
Columbus Elementary School
425 Milford St
Distance between this listing and this school0.57 miles
Public District Grades KG-5
8
/10
Horace Mann Elementary School
501 E Acacia Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-5
Assigned Schools
6
/10
Theodore Roosevelt Middle School
222 E Acacia Ave
Distance between this listing and this school0.99 miles
Public District Grades 6-8
Nearby Schools
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school1.40 miles
Public District Grades 6-8
5
/10
Woodrow Wilson Middle School
1221 Monterey Rd
Distance between this listing and this school1.62 miles
Public District Grades 6-8
Assigned Schools
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.52 miles
Public District Grades 9-12
Nearby Schools
4
/10
Glendale High School
1440 E Broadway
Distance between this listing and this school1.77 miles
Public District Grades 9-12
7
/10
Alliance Environmental Science and Technology High School
2930 Fletcher Dr
Distance between this listing and this school2.36 miles
The neighbors living near this home have an average income of $45,042. Residents of Glendale, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 451 Hawthorne St
What is the listing price of this property?
The listing price of 451 Hawthorne St property is $11,550,000.
What type of property is this?
The property 451 Hawthorne St is a house located in Glendale, California, 91204.
Is this property for sale now?
Active Listing: 451 Hawthorne St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 451 Hawthorne St are: Thomas Edison Elementary School: GreatSchools Rating 8/10Theodore Roosevelt Middle School: GreatSchools Rating 6/10Herbert Hoover High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $36,111 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 26, 1990 for $1,231,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 451 Hawthorne St has 43 bedrooms and 43 bathrooms.
What is the square footage of this property?
The property 451 Hawthorne St is 23,673 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 451 Hawthorne St is 1989.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 451 Hawthorne St in Glendale, CA and zip code 91204 in the Moorpark neighborhood. This 23,673 square foot home, which was built in 1989, sits on a 0.43 acre lot. Features: 43 bedrooms, 43 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $11,550,000.
Glendale, CA housing market in March 2024 saw over 30 listings sold above listed price, more than 3 sold at listed price and over 16 sold below. In March 2024 in Glendale, CA there were 11.4% more homes for sale than in February 2024. Listings spent 31 days on the market in March 2024, and had a median list price of $1,150,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.