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Listed by Jerry Armen • Team Rock Properties
Bought with Brad Korb
Bought with Brad Korb
$ 3,650,000
$ 3,795,000 3.8%
Est. payment | /mo
0.34 Acres Lot
$ 3,650,000
$ 3,795,000 3.8%
Est. payment | /mo
0.34 Acres Lot
Key Details
Sold Price $3,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRGD25005830
Sold Date 05/30/25
Year Built 1953
Lot Size 0.337 Acres
Source California Regional MLS
Property Description
**As of JUNE 1st Rents have been INCREASED**Unique opportunity to own a premier 12-unit investment property in the heart of Glendale! Located in the highly desirable 91202 zip code of Northwest Glendale, this property is positioned north of Glenoaks Boulevard and within walking distance of local markets, coffee shops, and other amenities. The property boasts a generous 7,424 square feet of living space and is situated on a large 14,691 square foot lot. This well-maintained property features 10 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Each unit has been updated and meticulously cared for by an experienced owner/manager, ensuring minimal upkeep for the future investor. The property includes 12 covered parking spaces with storage and a convenient community laundry room. Notable recent upgrades include full copper plumbing, a new asphalt driveway, four accessible sewer clean-outs, and a newer roof installed in 2017. These improvements enhance the property's value and provide peace of mind for prospective buyers. With rents currently below market rates, this investment offers significant upside potential. Whether you're an experienced investor or new to income properties, this opportunity provides numerous advantages, from stable cash flow to potential for r
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 5633013007
Special Listing Condition Not Applicable
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Dave Lucas
REALTOR® | Lic# 02092197