Prime Investment Opportunity: Four-Unit Property in Desirable Glendale Neighborhood. This fully occupied four-unit property presents an outstanding investment opportunity with stable tenants and substantial potential for rental income growth. Located in the sought-after Glendale area, just minutes from the Glendale Galleria and The Americana, this rare property offers immediate returns with the possibility for future rent adjustments. Main House: The charming front house is a two-bedroom, one-bathroom residence, offering approximately 994 square feet of living space. It features modern conveniences such as central heating, air conditioning, in-unit laundry, a covered porch, and an attached garage. This combination of amenities makes it an attractive option for tenants seeking comfort and convenience or you can live in the front unit and have the back units cover most of your mortgage.Back Units:Behind the Main House, there are three additional units, each with detached walls for enhanced privacy and reduced noise: Unit A: A 302-square-foot studio with easy street parking available.Unit B: A 624-square-foot two-bedroom, one-bath unit with ample space for outdoor seating and two tandem parking spots on the driveway.Unit C: A 458-square-foot one-bedroom, one-bath unit, with a private patio for outdoor seating and easy street parking available.The back units share access to coin-operated communal washing machine and dryer.With its unbeatable location, privacy-focused layout, outdoor spaces, ample parking options, and potential for rent increases, this property is perfect for investors looking to capitalize on the growing demand in the Glendale area.·Main House: New washing machine (2017) and new dishwasher (2017).·Unit A: New refrigerator, new stove/oven, and new wall air conditioning unit.·Unit B: New water heater and upgraded kitchen countertop/cabinets (2017).·Unit C: New water heater, new central air conditioning, new stove/oven, and new bathroom vanity.·Common Area: New water heater for laundry area, new metal gate, three nest cameras for added surveillance and plants.
|
DAYS ON MARKET
|
35
|
LAST UPDATED
|
9/27/2024
|
|
YEAR BUILT
|
1949
|
COMMUNITY
|
Glendale-South of 134 Fwy
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Glendale-South of 134 Fwy |
| GARAGE |
Garage, Tandem, Uncovered, Yes |
| LOT |
7020 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre |
| PARKING |
Garage,Tandem,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Unknown |
| STORIES |
1 |
| WATER |
Public |
| ZONING |
GLR-4* |
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Listed with Lion Group Investments Inc
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 10/31/24 12:20 AM 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 2024.
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