$2,400,000
$2,595,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
7 Baths
5,161 SqFt
SOLD DATE : 05/08/2024
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,161 sqft
Price per Sqft $465
MLS Listing ID 23338800
Sold Date 05/08/24
Bedrooms 8
HOA Y/N No
Year Built 1958
Lot Size 7,644 Sqft
Property Description
PRICE REDUCED!!! We are pleased to present 411 Naranja Drive a seven (7) unit multifamily investment opportunity located in prime Glendale. The wood frame stucco building consists of 5,161 square feet of living area and is situated on a 7,644 square foot lot zoned GLR1650. ASSUMABLE FINANCING! The property contains assumable financing provided by JP Morgan Chase Bank for an approved Buyer--rate of 3.37% fixed until February 1st, 2027! Ask Agent for details. The property features: One (1) Two Bedroom / One Bath unit ("Owner's Unit") and Six (6) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property consists of six (6) covered parking spaces for the tenants with the ability to park several more cars in tandem. The Two Bedroom unit has been renovated with new wood floors throughout in addition to an updated bathroom and kitchen. The remaining spacious one-bedroom units have undergone some renovations as well. Two of the units upstairs enjoy private balconies that overlook the beautifully landscaped courtyard. This asset has been meticulously cared for by the current owner who takes great pride in his buildings. The front driveway, which includes the open and covered parking spots was recently resurfaced as well. The property is located within an excellent pocket of Glendale. Tenants can enjoy being a short distance from Piedmont Park in addition to the shops and restaurants of Downtown Glendale. The property is also located close to Glendale Adventist Hospital and the 2 and 134 Freeways.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR 1650
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Inside, Laundry Room
Exterior
Parking Features Attached Carport, Covered, Driveway, Garage, Side By Side, Tandem
Carport Spaces 6
Attached Garage Yes
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5645007012
Special Listing Condition Standard
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Bought with Arthur Chalekian • JohnHart Real Estate