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
Area & Lot
-
Lot Features
Rectangular Lot
-
Lot Size(acres)
0.3112
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Parking
Covered, Garage, On Site
Financial
-
Sales Price
$8,480,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Olga Wright , Lyon Stahl Investment Real Estate, Inc.
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