Presenting a turn key fully leased, well-maintained 8-unit multifamily asset offering immediate cash flow and significant upside potential. The unit mix consists of six (1-bed/1-bath) and two (2-bed/1-bath) apartments, with multiple units recently renovated to include stainless steel appliances, updated flooring, full bathroom remodels, new recessed lighting, upgraded AC units, and carport with storage lockers. The property is thoughtfully upgraded for investor peace of mind with new electrical panels, water-conserving plumbing and fixtures, security doors, renovated carport, vigilant brush clearance, and full insurance coverage through 2025. On-site amenities include a modernized laundry room equipped with new Speed Queen machines generating additional income, 13 parking spaces 6 of which are covered and 7 open spaces, with additional monthly rental income from surplus parking. Strategically located with excellent freeway access and proximity to Glendale, Pasadena,and Burbank, the property sits on a deep 10,892 sq ft rectangular lot, offering potential for future development of a larger exempt building (buyer to verify). With a high projected rent upside on unit turnover in 2025-2026, this asset presents a compelling value-add opportunity in a high-demand rental market. The apartment building is located just north of Foothill Boulevard and a short distance from stores and eateries located on the boulevard. Please do not go on the property without listing agent.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/23/2025
|
|
YEAR BUILT
|
1957
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Electric |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Gas Cooktop, Gas Oven, Refrigerator, Vented Exhaust Fan, Washer |
| CONSTRUCTION |
Concrete |
| EXTERIOR |
Rain Gutters |
| GARAGE |
Assigned, Carport, Covered, Detached Carport, Direct Access, Driveway, Garage, Storage, Yes |
| HEAT |
Natural Gas, Wall Furnace |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
0.25 acre(s) |
| LOT DESCRIPTION |
Corners Marked, Front Yard, Landscaped, Rectangular Lot |
| LOT DIMENSIONS |
73x150 |
| PARKING |
Assigned,Covered,Carport,Detached Carport,Direct Access,Driveway,Garage,Storage |
| POOL DESCRIPTION |
None |
| SEWER |
Sewer Tap Paid |
| STORIES |
2 |
| STYLE |
Contemporary |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LAR3 |
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Salem to contact you even if your name is on a Federal or State
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Listed with Keller Williams Realty Los Feliz
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/23/25 9:20 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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