Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1926
Sq.Footage
1,872
We are pleased to present 1431 Street, a 2-unit multifamily investment opportunity located in the Somerset neighborhood of East Glendale. This duplex will allow for future owner-user opportunity or for an investor to capture approximately 41% in rental upside through an interior renovation program. The property has a two-car detached garage in the back that could be converted to an ADU (Buyer to verify). Constructed in 1926, the asset comprises two two-bedroom/one-bathroom units spread across 1,872 square feet. All units have separate meters for gas and electricity and individual water heaters. The property sits on a 5,000 square foot lot and is zoned R2250. Situated just south of Colorado Boulevard and east of Verdugo Road, 1431 Dixon Street is less than 2 miles from The Americana on Brand and less than 1 mile from Eagle Rock Plaza. Both Colorado Boulevard and Verdugo Road are major thoroughfares in Glendale where tenants can find a variety of retail, restaurants, and places of business within these corridors. Commuters are within minutes from the nearest on-ramp to the CA-2 and CA-134 Freeways, offering ease of access to the Eagle Rock, Highland Park, Burbank, Los Feliz, Atwater, Downtown Los Angeles, and all of San Gabriel Valley.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Wall Furnace
Exterior
-
Garage
No
-
Parking
Garage
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1149
-
Property Type
Residential Income
Price
-
Sales Price
$1,200,000
-
Sq. Footage
1, 872
-
Price/SqFt
$641
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Sevak Keshishian , Marcus & Millichap
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