$3,145,000   ♡   Glendale, CA 91205 15 bed 13 bath 6,492 SqFt ($484/SqFt) 7,452SqFt lot. Built 1986 Listed 2024-02-27, Taxes $12,413 | Ⓧ USDA Ineligible due to price & location near Glendale |
We are thrilled to present an exclusive opportunity - a remarkable 7-unit building now available for sale after 36 years.
* No Longer For Sale *
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Built in 1986, this building features big 2 and 3-bedroom units, situated in the highly sought-after Glendale area, with minimal to no vacancy rates. Comprising the 7 units are: (ONE) 3 Bed + 2.5 Bath townhome-style unit; (FOUR) 2 Bed + 2 Bath units; and (TWO) 2 Bed + 1 Bath units. This presents a promising value-add opportunity, with separate met ering for gs and electricity along with Central Air Conditioning. Tenants benefit from the convenience of washer and dryer hook-ups in select units, supplemented by an additional laundry room in the common area equipped with leased laundry equipment.
The property features an updated roof, secured parking and entry offering 13 covered spaces, complemented by private storage rooms for all units. Furthermore, the current CHASE Loan offers an assumable 3.28% interest rate, fixed until May 1, 2026 (interested parties are encouraged to contact the listing agent for further details).Conveniently located near the retail corridor of E. Colorado Blvd., Glendale High School, Shopping Centers and Windsor Park, this property presents an ideal opportunity with promising rental upside potential while adhering to Glendale's Rent Ordinance.
Presented by Shant Sherbetdjian at
RE MAX Commercial & Investment Realty.
Property MLS #24-362049 from TheMLSCLAW
Full Bathrooms: 13
Laundry Features: Laundry Area, In Unit
Garage Description: Covered Parking
Parking Total: 13
Lot Size Dimensions: 50x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7452
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2.5, 1 SquareFeet: 3000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 6900, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3500
Vacancy Allowance: 4198
County: Los Angeles
Cross Street: E Colorado St & E Maple St
Directions: This fantastic investment opportunity is located in a prime area of Glendale, and is Eagle Rock adjacent. It sits on Fisher Street between East Colorado Blvd and East Maple St. The nearest major intersection is South Verdugo Rd and East Colorado Blvd. Tenants can conveniently access the 134 & 2 freeway junction for going to and from work.
Source Property Type: Residential Income
Area: Glendale-South of 134 Fwy
Source Neighborhood: Glendale-South of 134 Fwy
Owner Pays: Water, Gardener
Parcel Number: 5680-016-014
Postal Code Plus 4: 1972
Zoning: GLR4YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $734,072 + $314,591 $1,048,663 | $12,413 |
| 2021 | $719,679 + $308,423 $1,028,102 | $12,179 |
| 2020 | $712,300 + $305,261 $1,017,561 | $12,011 |
| 2019 | $698,334 + $299,276 $997,610 | $11,736 |
| 2018 | $684,642 + $293,408 $978,050 | $11,468 |
| 2017 | $671,218 + $287,655 $958,873 | $11,256 |
| 2016 | $658,057 + $282,015 $940,072 | $10,863 |
| 2015 | $648,173 + $277,779 $925,952 | $10,652 |
| 2014 | $635,477 + $272,338 $907,815 | $10,291 |
| 2013 | $632,605 + $271,108 $903,713 | $10,072 |
| 2012 | $620,201 + $265,793 $885,994 | $9,936 |
| 2010 | $608,041 + $260,582 $868,623 | $9,784 |
| 2009 | $604,931 + $259,250 $864,181 | $9,887 |
| 2009 | $603,497 + $258,635 $862,132 | $9,887 |
| 2008 | $593,070 + $254,167 $847,237 | $9,681 |
| 2007 | $581,442 + $249,184 $830,626 | $9,495 |
$2,700,000
TheMLSCLAW
Listed 2024-02-27
$3,145,000
TheMLSCLAW
Sold 1987-02-11
$570,000
Public Record
Year Built: 1986
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 38
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.