1055 Grover Avenue, Glendale, CA 91201

REQUEST A TOUR

Thu

Aug

Fri

Aug

Sat

Aug

Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,550,000

Est. payment - /mo

5 Beds

5 Baths

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID GD25174883

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Lowest price per unit in Glendale $255k/unit. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $267,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/Cs, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Glenoaks

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5623031015

Read Less Info

Listed by Vartan Markarian Markarian Realty

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get Pre-Approved

in Minutes!

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of #seller_variable# (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website.

1055 Grover Avenue Glendale, CA 91201