$1,125,000
$1,050,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
6,224 Sqft Lot
SOLD DATE : 06/10/2014
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 214012103
Sold Date 06/10/14
HOA Y/N No
Year Built 1984
Lot Size 6,224 Sqft
Property Description
Investors eager to find healthy multifamily deals in Glendale will appreciate this opportunity to acquire cash-flowing property located in a prime Northwest Glendale neighborhood between Glenoaks and Glenwood. This building has a desirable unit mix of three 2 bedroom 1 bathroom units and one 1 bedroom 1 bathroom unit. Tenants enjoy an outdoor patio area and eight covered parking spaces. Vacancy is a rare issue with units in this neighborhood due to the desirability of the location and unit size. Also, the rental income of this property has room for growth due to current market rents increasing. Also, the current landlord has not adjusted rents for the last two to three years. This competitively priced investment opportunity makes a solid buy for any investor looking to enter the multifamily market.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4YY
Interior
Flooring Wood
Fireplace No
Exterior
Garage Detached Carport
View Y/N No
Parking Type Detached Carport
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Tax ID 5623016019
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Avak Avakian • Verdugo Properties Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "