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Key Details
Sold Price $1,825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,902 sqft
Price per Sqft $628
MLS Listing ID 24427979
Sold Date 09/30/24
Bedrooms 6
HOA Y/N No
Year Built 1925
Lot Size 6,555 Sqft
Property Description
With the majority of the units completely remodeled in recent years, the property offers improved cash flow along with a road map to add value to the remaining units. The property is not subject to Los Angeles Rent Control, instead allowing an investor to more rapidly increase rents via AB 1482. Featuring a separate two-bedroom house in front of a quadruplex, the property benefits from extensive upgrades in recent years. Remodeled units feature in-unit washer/dryers, updated kitchens and bathrooms, recessed lighting, and wood flooring. This location features strong tenant demographics, with several major employers nearby in both Glendale and Burbank. Walt Disney Studios, Warner Brothers Studios, Walt Disney Imagineering, and Dreamworks Animation are all within a short distance. The Los Angeles Zoo, Griffith Park, Universal Studios, and the Los Angeles Equestrian Center are all situated near the property as well. The high-end Americana at Brand and the remodeled Glendale Galleria are both a short drive from the property, as are the Burbank Town Center and Burbank Empire Shopping Center. The largest IKEA store in North America sits within blocks of the property, as do Trader Joe's, Ralphs, CVS, The Home Depot, and Smart & Final.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4YY
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5621040014
Special Listing Condition Standard
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Bought with Andre Isakhanian • Promatrix Realty
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692