Glendale, CA 91203,456 Myrtle ST
Glendale, CA 91203,456 Myrtle ST
Glendale, CA 91203,456 Myrtle ST
Glendale, CA 91203,456 Myrtle ST
Glendale, CA 91203,456 Myrtle ST
Glendale, CA 91203,456 Myrtle ST
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$8,280,000

Est.Price: ?

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Est. payment /mo

0.31 Acres Lot


SOLD DATE : 05/31/2024

Key Details

Sold Price $8,280,000

Property Type Commercial Multi-Residential (5 units)

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB24064234

Year Built 1989

Lot Size 0.311 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Interior

Heating Wall Furnace

Laundry Gas Hookup, 30

Exterior

Parking Features Covered Parking, Garage, Common Parking Area

Garage Spaces 20.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
Bought with Arthur Mangassarian • Re/Max Tri-City Realty
agent-avatar

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

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