$1,525,000
$1,600,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
7,527 Sqft Lot
SOLD DATE : 06/28/2024
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD24015207
Sold Date 06/28/24
HOA Y/N No
Year Built 1939
Lot Size 7,527 Sqft
Property Description
Excellent opportunity to purchase a 4 unit apartment building with a significant upside in rental income. This 4 unit property is in the desirable southeast Glendale area. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has been professionally managed and cared for. As it’s the first time in the market after 24 years of ownership,
The property is within a short distance to multiple bus stops located on Colorado, in addition to nearby retail shops and businesses. It provides tenants with ease of access to larger retail centers located at the Glendale Galleria, the Americana of Glendale, and Atwater Village. Tenants also have easy access and proximity to the 134 and 5 Freeways.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Fireplaces Type Bath, Kitchen
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Utilities Available Overhead Utilities
Total Parking Spaces 2
Private Pool No
Building
Lot Description Paved, Yard
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5680010003
Energy Description 20.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Michael Monempour • Lyon Stahl Investment Real Estate, Inc.