$1,552,000
$2,800,000
44.6%For more information regarding the value of a property, please contact us for a free consultation.
5,822 SqFt
SOLD DATE : 12/04/2019
Key Details
Sold Price $1,552,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,822 sqft
Price per Sqft $266
Subdivision Not Applicable-105
MLS Listing ID 319003845
Sold Date 12/04/19
HOA Y/N No
Year Built 1987
Lot Size 7,557 Sqft
Acres 0.1735
Property Description
Amazing opportunity to own a 1980's gem in South Glendale right off of Glendale Avenue. This building was constructed in 1987 and consists of a 5,822 SQFT building consisting of (4) 2+2, and (4) 1+1 units on a large 7,558 SQFT lot. The 2-bedroom units have large balconies which can be used as extended living space. There are (14) tuck under assigned parking locations, but no'' soft story condition exists for 1980+ buildings. Majority of the units have been remodeled with hardwood flooring, ceramic wall and floor tiles in bathroom and kitchen. In addition, the building is equipped with ventral A/C, and a balcony. The property has a historically high occupancy rate and the rents are close to market in the apartments current state, so no issues with pending rent control discussions of the city of Glendale. That is, the current owner can re-position units once they become vacant and achieve higher rents.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Rooms
Ensuite Laundry Common Area, Outside
Interior
Laundry Location Common Area,Outside
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Laminate, Tile, Wood
Fireplace No
Appliance Disposal, Water Heater
Laundry Common Area, Outside
Exterior
Garage Assigned, Covered, Community Structure
View Y/N No
Parking Type Assigned, Covered, Community Structure
Total Parking Spaces 14
Private Pool No
Building
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Tax ID 5675017002
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