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224 N Jackson St
For Sale $2,998,000 ($482.54 per Sq Ft)
$2,998,000 ($482.54 per Sq Ft)
- 5 Units
- 6,213 Sq Ft
- 7,968 Sq Ft
- Unknown Cap Rate
Description
Located ideally in the heart of Glendale is this completely remodeled and stabilized 5 unit apartment building ready to be the trophy property. The 2026 scheduled gross income is $196,573 after a modest 5% rent increase. The unit mix is balanced with three 2/2 units, one 3/2 unit, one 1/1 unit. Some of the updates include new kitchens, bathrooms, flooring, central AC & heating, laundry in each unit, paint inside and out, water heaters, 400 amp panel, plumbing. All appliances are included. 5 car detached garage. Convert all or part of the garage into an ADU or build one on top (Buyer to verify). Tenants pay for their own electricity and gas.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,998,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,213 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1931 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5642018049 |
| MLS # | 25553291 |
| Property ID | 321898496 |
| Lot Sqft | 7,968 |
| Zoning | GLR4YY |
| Total Units | 5 |
| Days on Market | 223 |
| Original List Price | $3,399,000 |
| Date Updated | January 09, 2026 |
| Date Created | June 16, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 10 | 9.00 | $15,601 | $196,753 |
| Gross Income (Yr) | $ 196,573 |
| Operating Expenses | $ 48,729 |
| Net Income (Yr) | $ 147,843 |
| Cap Rate | 4.93% |
Listing Provided By
Aram Gaboudian an agent of . Lic #01493911
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Robert Crawford
REAL ESTATE AGENT