$5,600,000
$9,300,000
39.8%For more information regarding the value of a property, please contact us for a free consultation.
0.84 Acres Lot
SOLD DATE : 12/04/2019
Key Details
Sold Price $5,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 319000990
Sold Date 12/04/19
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1964
Lot Size 0.843 Acres
Property Description
Amazing opportunity to own a gem in Glendale/La Crescenta area walking distance to Lincoln Elementary and Crescenta Valley High school. This building was constructed in 1964 and consists of two buildings, i.e. a 15 unit and a 14 unit, on the same lot. There are (19) 2+1, (6) 2+2 and (3) 3+2, (1) 0+1 NC units on a 36,716 SQFT lot in a 27,080 Sqft improvement. Five of 2+1 units are extra-large and command higher rents. The windows have been replaced with energy-efficient Vinyl ones and the roof is also a few years old. There is a beautiful swimming pool servicing the valued tenants with a family and barbeque area In the rear. There are ample parking for all of the residents on the grounds, either tuck under or surface parking. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, and continued improvement and modernization.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning GLR3*
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Disposal, Gas Oven, Oven, Range, Water Heater
Laundry Common Area
Exterior
Parking Features Assigned, Covered, Carport, One Space, Uncovered
Pool Community, Fenced, In Ground
Community Features Pool
View Y/N No
Roof Type Asbestos Shingle
Total Parking Spaces 38
Private Pool No
Building
Entry Level Multi/Split
Foundation Slab
Water Public
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Tax ID 5606010064
Security Features Resident Manager,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Assumed
Special Listing Condition Standard
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Bought with George Yessaie • JohnHart Real Estate
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