Glendale, CA 91201,1163 Western AVE
Glendale, CA 91201,1163 Western AVE
Glendale, CA 91201,1163 Western AVE
Glendale, CA 91201,1163 Western AVE
Glendale, CA 91201,1163 Western AVE
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$1,125,000

$1,050,000

7.1%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Avak Avakian • Verdugo Properties Inc.
Bought with Avak Avakian • Verdugo Properties Inc.
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6201 E Bayshore Walk, Beach, CA, 90804, USA

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