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Listed by Levon Alexanian • Keller Williams World Media Center
$ 3,300,000
Est. payment | /mo
8,775 Sqft Lot
$ 3,300,000
Est. payment | /mo
8,775 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25169304
Year Built 1960
Lot Size 8,775 Sqft
Source California Regional MLS
Property Description
First Time on the Market - Prime 8-Unit Multifamily Opportunity in Glendale (91207) We are proud to present this rare 8-unit multifamily investment opportunity, offered for the first time ever in one of Glendale's most desirable rental pockets. Situated in the prestigious 91207 zip code, between Brand Blvd and cross st Louise, this well-maintained property has been held by the same family for decades and shows pride of ownership throughout. Offered at a current cap rate of 5.4% (buyer to verify), this is a unique chance to acquire a high-performing asset with strong in-place cash flow in a premium location. Recent capital improvements include: * New roof * Copper plumbing * Dual-pane windows * New sewer line * Select units tastefully remodeled * Numerous other upgrades over the years The unit mix features an ideal configuration of seven (7) 2-bed/1-bath units and one (1) 1-bed/1-bath unit. Amenities include ample on-site parking, individual water heaters, and a common area laundry room, enhancing both tenant convenience and long-term operational efficiency. Tenants enjoy exceptional walkability, with Trader Joe's, Coffee Bean, Walgreens, and a variety of shops, cafes, and restaurants just a short stroll away
Location
State CA
County Los Angeles
Area 627 - Rossmoyne & Verdu Woodlands
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water Private
Others
Tax ID 5644010022
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037