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Key Details
Sold Price $1,355,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-13237
Year Built 1942
Lot Size 6,281 Sqft
Property Description
A wonderful opportunity to purchase this well-maintained, four-unit property in a prime location of Glendale. Built in 1942, this property is a great mix of one 2+1 and three 1+1 units, situated on a 6281 SF lot. There is a 60% rental upside opportunity with annual rental increases (AB1482: 5% + CPI), tenant turnover, and renovations as needed. This property offers two single and one double garages, great curb appeal and an extremely quiet building with long-term tenants. A great opportunity for the savvy investor.
Location
State CA
County Los Angeles
Area 624 - Glendale-Chevy Chase/E. Glenoaks
Zoning GLR4YY
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry None
Exterior
Parking Features Garage, Garage Door Opener
Garage Spaces 4.0
Garage Description 4.0
Fence None
Pool None
Community Features Curbs, Foothills, Hiking, Storm Drain(s), Sidewalks
Utilities Available Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description Front Yard, Street Level
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Trust
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Bought with Gary Forecast • Coldwell Banker Realty