$3,400,000
$3,650,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
SOLD DATE : 12/16/2022
Key Details
Sold Price $3,400,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD22208446
Sold Date 12/16/22
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
Wonderful opportunity to acquire a very well maintained multi-family income property in the Grandview neighborhood of Glendale; the property is comprised of eight (8) two (2) bedroom, two (2) bathroom units of approximately 1,000 square feet each (per Assessor); all tenants are month-to-month; the building was constructed in 1985; the units are separately metered for gas and electricity; new central hot water heater in 2018; new laundry machines (Speed Queen) in 2020;generous upside in rents; semi-subterranean parking garage striped for fourteen (14) parking spaces, but there are two (2)additional, parallel spaces that have been demarcated and are used by the tenants; all eight (8) central HVAC units were replaced in the last twelve (12) months; roof replaced in 2020; new elastomeric deck system installed in 2020; sewer connection in the public right-of-way has been replaced; four (4) units upgraded in terms of flooring, counter tops and cabinetry; located just south of Glenoaks Boulevard and east of Alameda Avenue near Downtown Burbank; less than 1/3 of a mile to Trader Joes and Walgreens See attached brochure for complete information.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of Glenoaks Blvd and east of Alameda Ave near Downtown Burbank
Interior
Fireplace No
Exterior
View Y/N No
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Arthur Ambarchyan National Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "