INTRODUCING A RARE OPPORTUNITY!! FOUR STAND-ALONE UNITS IN GLENDALE!
Two of the units that were existing have been remodeled COMPLETELY (Fully gutted down to the studs and rebuilt in 2023, incl.complete roof change and earthquake retrofitting), and the other 2 units have been newly built (both completed in 2024) All 4 units have high-end premium finishes as shown in the pictures and as will be seen during the property walkthrough. ANYTHING and EVERYTHING on the property has been changed, replaced, and renewed according to the latest building codes. This incl. ALL electrical, plumbing, and mechanical work. The permits obtained and completed can be viewed on the City of Glendale's designated website. Fresh concrete was also poured in July 2024.
The front unit is 1bed/1bath, at 738 sqft. The second unit is a 1 bed/1.5 bath at 743 sqft. w/ SOLAR panels. The third unit is a 2bed/2bath at 916 sqft. The fourth unit is a 1bed/1.5 bath at 743 sqft. w/SOLAR panels. (Buyer to complete his/her own due diligence for verification of the provided details). Each unit comes w/1 parking spot and 1 additional parking spot still vacant to be utilized at owner's discretion. Each unit comes w/brand new appliances of stove and range hood/microwave. As expected, each unit has its own address, power and gas meters, w/water being the only shared meter as per current standards.
The first, second and fourth units were rented in 2024, and the third unit is occupied by the owner and will be delivered VACANT for owner-occupation or renting it out for additional income! Total collected rent WITHOUT the owner's unit is approx. $7,900. Projecting a $3,500 rental value for the owner's unit would mean a total approx. gross rental income of $11,400 per month! All current tenants have been fully vetted and verified by the owner.
DON'T MISS THE CHANCE TO SECURE THIS INCOME-PRODUCING ASSET!
The income description goes here to explain
List Price | $2,799,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | Unknown |
Number of Stories | 1 stories |
Parking Spots | 0 spots |
Year Built | 1941 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 5680018016 |
MLS # | GD25017426 |
Property ID | 292792834 |
Lot Sqft | 7,863 |
Zoning | Unknown |
Total Units | 4 |
Days on Market | 89 |
Original List Price | $2,999,995 |
Applicances | Dishwasher,Gas Oven,Gas Range,Tankless Water Heater% |
Date Updated | March 16, 2025 |
Date Created | January 27, 2025 |
Dikran Jamgocyan an agent of . Lic #01920329
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 16, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT