REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Levon Alexanian, DRE #00911091 • Keller Williams World Media Center

$ 4,600,000

Est. payment | -/mo

0.27 Acres Lot

Save

$ 4,600,000

Est. payment | -/mo

Save

0.27 Acres Lot

Key Details

Property Type Commercial Multi-Residential (5 units)

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CNSR23040512

Year Built 1964

Lot Size 0.275 Acres

Source CRISNet

Property Description

We are pleased to be retained as the exclusive listing agent & advisor for this rare opportunity to reposition in Glendale. Due to the long-term ownership relationship, rents have remained at historic levels, leaving approximately 149% upside in rents. 92 Walk Score! The offering very likely represents the highest post-market yield being offered in all of the tri-cities. (10) 1+1, (4) 2+2, and 1 non confirming single, all within walking distance to Galleria, Americana, St Mary's Church, Pacific Park, Pacific Community Center & pool. Under 5 min drive to Glendale Memorial Hospital, 7 miles to downtown L.A. In addition to the upside in rents, there seems to be potential to add (2) ADUs where the pool used to occupy. Buyer to verify. Ownership has recently executed over $20,000 of capital expenses in concrete overlay, partial torch down of roof, new gutters and spouts. There are solar panels on the roof, on-site parking, laundry. *** For financial & complete offering memorandum, contact listing agent ***

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Interior

Laundry Laundry Area

Exterior

Pool Community Facility

Building

Water Private

Others

Tax ID 5696012005

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

332 W Lomita AVE Glendale, CA 91204