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Listed by Levon Alexanian • Keller Williams World Media Center
$3,300,000
Est. payment /mo
7,866 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,866 sqft
Price per Sqft $419
MLS Listing ID CRSR25169304
HOA Y/N No
Year Built 1960
Lot Size 8,775 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Water Private
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613