$8,280,000
$8,480,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
20,392 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $8,280,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,392 sqft
Price per Sqft $406
MLS Listing ID SB24064234
Sold Date 05/31/24
HOA Y/N No
Year Built 1989
Lot Size 0.311 Acres
Acres 0.3112
Property Description
Nestled in a prime location, this pride of ownership property is offering an exceptional unit mix of 18 spacious two-bedroom / two-bathroom units, with five units featuring an additional den. All units have individual water heater and in-unit washer/dryer.
Built in 1989, this property is subject to State Rent Control AB 1482 which allows for 8.8% annual rent increases.
Opportunity to legalize three existing ADU 0+1 units offering additional streams of income and maximizing the property's investment potential making it a 21-unit building.
Property is equipped with Intercom access and gated secure parking, providing residents with peace of mind and ease of access.
**There is an assumable $4M Chase loan at an attractive interest rate of 3.15%, maturing on April 20, 2026.**
This meticulously maintained property, coupled with its prime location, attractive unit mix, potential for additional income, and favorable financing options, presents an outstanding investment opportunity in Glendale’s vibrant real estate market.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Wall Furnace
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Covered, Garage, On Site
Garage Spaces 20.0
Garage Description 20.0
Pool None
Community Features Curbs, Sidewalks, Urban
Parking Type Covered, Garage, On Site
Total Parking Spaces 20
Private Pool No
Building
Lot Description Rectangular Lot
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5637018050
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Arthur Mangassarian • Re/Max Tri-City Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States