456 Myrtle Street

Glendale , CA 91203

MLS#: SB24064234

$8,480,000

Status: Closed
Listing number: SB24064234
Listing provided by: Lyon Stahl Investment Real Estate, Inc.
Listing agent phone: None
Last update: 1 year, 5 months ago
On site: 1 year, 7 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1989

Sq.Footage

N/A

Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer. Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases. Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building. Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access. **There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.** This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale’s vibrant real estate market.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Parking

    Covered, Garage, On Site

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.3112

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $8,480,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Olga Wright , Lyon Stahl Investment Real Estate, Inc.

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Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer. Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases. Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building. Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access. **There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.** This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale’s vibrant real estate market.

456 Myrtle Street

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