Glendale, CA 91201,1044 Linden Avenue

$3,400,000

$3,650,000

6.8%
Est.Price: ?

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Est. payment /mo

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

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MLS Router / San Diego MLS
Listed by David Stevenson Stevenson Real Estate Services
Bought with Arthur Ambarchyan National Properties
Gary Bradley

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

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