Glendale, CA 91201,1404 1408 5th ST
Glendale, CA 91201,1404 1408 5th ST
Glendale, CA 91201,1404 1408 5th ST
Glendale, CA 91201,1404 1408 5th ST
Glendale, CA 91201,1404 1408 5th ST
Glendale, CA 91201,1404 1408 5th ST
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$1,697,500

$3,920,000

56.7%
Est.Price: ?

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Est. payment /mo

0.57 Acres Lot


SOLD DATE : 12/09/2019

Key Details

Sold Price $1,697,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-105

MLS Listing ID 319000446

Sold Date 12/09/19

HOA Y/N No

Year Built 1941

Lot Size 0.575 Acres

Property Description

Amazing opportunity to own a gem in the heart of Glendale above Glenoaks'' right next to newly constructed senior center with a park in the middle. In addition, the building is walking distance to blue ribbon Thomas Jefferson Elementary & bus stops. This building was constructed in 1941 & consists of (14) 1+1 bungalow style spacious units with ample parking, i.e. either carport or surface parking, for all residents. This asset has 8,420 SQFT of improvement over a 25,032 SQFT lot & there are 14 carport & 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets & countertops, ceramic wall & floor tiles in bathroom & kitchen, wall type heating & air conditioning. A few units have been improved with washer/dryer hookups inside the units. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking affordable 1-bedroom apartments near great schools. The windows have been replaced in the recent past & the plumbing & electrical are in great operational shape. The new owner can take over & achieve an above market return gradually as units turn in due time & as such will not'' be affected by the pending city Rent control discussion

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR4YY

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Fireplace No

Exterior

Garage Assigned, Covered, Carport, Detached Carport

View Y/N No

Roof Type Asbestos Shingle

Total Parking Spaces 17

Private Pool No

Building

Entry Level One

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Others

Tax ID 5623005019

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Assumed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by George Yessaie • JohnHart Real Estate
Bought with George Yessaie • JohnHart Real Estate
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