$1,697,500
$3,920,000
56.7%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with George Yessaie • JohnHart Real Estate
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