Outstanding owner-user opportunity! The property consists of a 2 bedroom/2 bathroom owner's unit and four (4) 2 bd/1 ba units. The owner's unit has been extensively remodeled with high-end finishes: Santos mahogany solid hardwood floors, plantation shutters and solid wood crown molding throughout the unit; the living room has an Italian marble gas fireplace; the kitchen has Caesarstone countertops, custom, solid-wood maple cabinets, Travertine backsplash, Italian glazed porcelain floor tile and base molding trim, heated floor, Viking professional series range and hood and Miele dishwasher; built-in closets in each of the bedrooms; primary bathroom has a large air jet bathtub, tempered glass, double-slider tub enclosure, solid wood cherry cabinets, two (2) recessed medicine cabinets, Caesarstone countertop with makeup station, Italian glazed porcelain floor and wall tile with base molding trim and chrome Hansgrohe Axor fixtures; guest bathroom has a large walk-in shower with solid corner built-in bench, Caesarstone countertop, tempered glass shower door, solid wood cherry cabinets, recessed medicine cabinet, Italian glazed porcelain floor and wall tile and base molding trim and chrome Hansgrohe Axor fixtures; high-end audio/video system with nine (9) Bowers & Wilkins speakers and one Definitive Technology in-wall subwoofer, all audio/video components installed in a separate, ventilated hallway closet controlled by a programmable radio frequency (RF)remote control; solid wood maple cabinets in hallway; private patio with glazed porcelain floor tile and base molding trim and a separate gas line; recessed lighting throughout; central heating and air conditioning; 5/8" paperless soundproof drywall throughout; Miele washer and dryer; Noritz tankless hot water heater. The entire property has energy efficient vinyl, dual-pane windows; copper pipes installed from city water meter to building (including all units) and laundry room; newer stairs, decking, and railings at the front and the back of the building, concrete driveway and parking area; laundry room on site with leased machines; 5 carports; building and carports recently painted; one (1) workshop and one (1) storage area under staircase. One (1) unit has been upgraded with Caesarstone counter tops and porcelain floor and wall tile; two (2) units have been upgraded with custom built-in, solid oak wood kitchen cabinets and Caesarstone countertops. PLEASE DO NOT DISTURB OCCUPANTS. OFFER SUBJECT TO INSPECTION.
This Triplex presents an exceptional investment opportunity in the Verdugo Woodlands area of Glendale. It's also an excellent property for someone who wants to live in one of the units while earning rental income from the others to help with their mortgage. Each unit is spacious and enjoys ample natural light. The rear unit is approximately 2,400 square feet and has three bedrooms and 2 1/2 baths. The front units are approximately 1,250 square feet each, with two bedrooms and two bathrooms. The proximity to fine dining and entertainment, Glendale Community College, Verdugo Park, and the 2, 134, and 210 freeways makes it highly appealing to tenants, investors, and owner-occupants. This Triplex offers immediate rental income and holds excellent potential for future value appreciation.
Value Add 5 unit apartment building located in the heart of Glendale in close proximity to the Galleria and Americana. This is a trust sale and the property is being sold in its as-is condition with long term tenants in place and has been priced accordingly. Current rents are approximately 35% of market rents. Drive by only. Do not enter the property or disturb the tenants. Make all offers subject to inspection.The property has significant upside for a buyer with the experience to manage and renovate the property.There are four 2 bedroom 1.5 bath units and one 1 bedroom 1 bath unit. Market rents after renovation are estimated at $2,750/ month each for the 2 bedroom units and $1,750/ month for the one bedroom unit and the stabilized value could be in the range of $2,000,000 which is approximately $400,000/unit and $430/SF using a gross income multiplier of 13. Buyer is advised to conduct their own due diligence with regard to future market rents and value. Buyer should familiarize themselves with State of California AB 1482 and the City of Glendale Rental Rights Program and other laws related to rental increases and relocation assistance. Roll up your sleeves, get to work and create value.
Courtesy: Re/Max Tri-City Realty
One of the last corner lots in the City of Glendale, suitable for developing 11 units, is now available for sale. The property currently houses 3 vacant units and includes plans to build 11 ultra-modern units with a single level subterranean parking garage. The new development will consist of Six (6) 2-bed units and Five (5) 1-bed units The project involves constructing a new 9,760 gross square-foot, three-story, 11-unit building and requires demolishing an existing three-unit building. After construction Buyer can enjoy rental income or subdivide and sell the units individually as a condominium project (Buyer to check with local and state ordinances for condo project.
This 2 Unit Duplex is situated in a highly desirable location in a great neighborhood! Close to Glendale High School & Glen oaks Elementary School, transportation, shopping and more! Easy Freeway Access to all major freeways. 2 Unit Duplex is ideal for Owner/Investor! Built in 1941 with 1,647 S.F. of total living area on a 5,036 S.F. lot. Spacious Front Unit was recently Remodeled in 2022 and offers 1 Bedroom, 1 Bath with NEWER laminated floors in living area and bedroom, NEWER dual pane windows, renovated kitchen offers granite countertops and a renovated bath. Tile Floors in Kitchen and Bath Rear Unit offers 2 Bedrooms, 1 Bath with hardwood floors in Living Room and Bedrooms, Tile floors in Kitchen and Bath 2 Car Detached Garage and Separate Storage and Laundry Rooms.
MOTIVATED BIG PRICE DROP $65,000! PRICED TO SELL NOW!! Bright Modern Duplex on a Perched Knoll in Adams Hill! Re-imagined Turnkey Spanish Duplex that feels like it's own home. 2-Units both delivered vacant, and is a versatile option for both owner-users or as a RARE 5-Cap income producing property.Set on a nature hillside with verdant mature trees all around, the property features a 3BR (with bonus office) unit and a separate 1br unit. The owners of this property have also hired an architect to design plans for a future 3rd ADU in rear (in current garage location), and those plans (valued at $15,000) will come with this sale - making this a 3-unit concept. Property upgrades include: New dual glazed windows + new floors throughout + fully renovated kitchens and baths + stainless steel appliances + private laundry hookups each unit + copper plumbing + recessed lighting + Italian made floor and shower tiles + 1 New HVAC system.Mission Road is a quiet cul-de-sac street of about 20 homes, with caring, close-knit neighbors that meet once a month to discuss ongoing preservation, beautification, and safety. Great pride-of-ownership on this street!Adams Hill is one of the most highly-sought after enclaves in this part of Los Angeles, and centrally located to the Americana, Glendale Galleria, Los Feliz, Silverlake, Pasadena, and all the hip shops and cafes in NELA. Come see this property soon, and welcome home.
Situated in the heart of Glendale, California, this charming 6-unit apartment complex occupies a coveted corner lot, offering both convenience and tranquility to its residents. Nestled within a vibrant neighborhood, it enjoys proximity to shopping centers, restaurants, entertainment venues, and excellent schools, making it an ideal choice for those seeking a blend of urban amenities and suburban charm. Exterior upgrades were recently done with the entire building that boasts a fresh coat of paint that revitalizes its facade, enhancing its curb appeal and creating a welcoming atmosphere for both residents and visitors alike. Additionally, a newer roof has been installed, ensuring durability and protection against the elements, thus providing peace of mind to the tenants. All windows were replaced years ago, enhancing energy efficiency and providing a contemporary look. Newer electrical panels have been installed, offering improved electrical safety and capacity for the entire complex. The property boasts central heating and air conditioning, providing comfort to all the units year-round. The building features copper plumbing throughout, known for its reliability and longevity. Interior features 5 of the 6 units were remodeled with updated kitchens, flooring, and fixtures, offering modern amenities and stylish living spaces. The installation of central heating and air conditioning offers comfort to all residents, while the copper plumbing upgrade guarantees a dependable water supply. Its corner lot positioning allows for ample natural light to flood the interiors, creating bright and airy living spaces throughout. The building offers a diverse range of floor plans to accommodate various lifestyle preferences with large patios downstairs for 4 of the units and two patios for the top 2 units. Five of the units feature spacious two-bedroom layouts, thoughtfully designed to optimize space and functionality, providing residents with comfortable living areas and ample storage options. Additionally, one unit stands out as a generously sized three-bedroom upper apartment, perfect for larger households or individuals seeking extra space for work or leisure activities and a nice patio too. This apartment complex presents an excellent investment opportunity as it offers both immediate rental income and long-term value appreciation potential. The building's prime location offers convenient access to entertainment options and other major attractions in Glendale.
Courtesy: Hull Homes
If you are a real estate investor, then you know that the process of obtaining a tenant is time-consuming and expensive. Fortunately, this investment condo comes with a long-term tenant in place. This charming one-bedroom, one-bathroom condominium on the top floor of a well-maintained building is located in a very popular Glendale neighborhood. North Central Avenue is a vibrant and bustling area close to shopping, churches and transportation. This particular building is highly sought after. There is elevator access from the secured front lobby area and from the rear to the parking garage. It's inviting center courtyard is a pleasure to see. There is a convenient community laundry room. The one-car parking space assigned to this unit is well placed in the subterranean garage.
PRICE REDUCED 6-14-2024 - INCREDIBLE PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER OPPORTUNITY. HUGE UPSIDE POTENTIAL!! FIRST TIME ON THE MARKET IN 20+ YEARS. UNDER MARKET RENTS – TREMENDOUS POSSIBILITIES. ZONED GLR4YY. Five units total PLUS a converted garage studio. Breakdown is as follows: One - 3 bedroom/2 bath front house (NOW VACANT). One - 1 bedroom/1 bath unit (LEASED). THREE separate studio units (TWO ON MONTH TO MONTH and one gutted/vacant), plus a converted garage studio (WILL BE DELIVERED VACANT after COE). One of the studio units is vacant and gutted, and ready to be renovated. NEWLY UPDATED 1 BED/1 BATH UNIT - JUST REDONE (SEE NEW PICS). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Front house built in 1912 - middle units built in the 1950's - stand alone unit built in 1960's. DO NOT MISS YOUR CHANCE!! Active rents at this time are approximately $3787 TOTAL per month BUT this does not include newly vacant front house (which will easily double incoming rents), plus detached studio. CASH/HARD MONEY OR STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.
Built in 1957, the property consists of a great unit mix of two (2) studio, one bathroom units, ten (10) one-bedroom, one bath units, and two (2) two-bedroom, one bath units. The units are spread out over 8,988 square foot of gross leasable area. The units are separately metered for gas and electricity. Individual parking spaces are located on the ground floor along with the communal laundry room. The investment is offered at an attractive cap rate along with upside in the rents. The loss-to-lease is more easily achieved with AB1482 rent control. Delivered with 2 vacant units. Please contact listing agents for offering memorandum.
Discover the ideal investment opportunity in the heart of this vibrant community, minutes from Montrose Village. This meticulously maintained 4-unit complex comprises a charming front house featuring 2 bedrooms, 2 bathrooms, Central A/C, and a private yard. The rear section hosts three additional units, originally 1 + 1, with one unit split into two studios (which may be reverted back to it's original state by removing a wall if desired). With building size of +/-3,029 SF on +/-8,669 SF lot located in award winning school district, this property is a rare find for Owner User or Savvy investor.
Unique opportunity to own a triplex in Riverside Rancho area of Glendale, great location close to Studios & Equestrian area. Home needs TLC. Main house built in 1932 approx sq ft 1,467. Duplex built in 1952 approx. Sq ft. 1456. Total living space 2,923 Sq Ft.
Traditional Spanish four plex in the highly desirable Citrus Grove area of Glendale. Four 2 bedroom 1 bath units make up this charming quadruplex. All units were recently painted and lovingly maintained by long term tenants. Roof was completely resealed in April 2024. Each unit has an exterior detached garage which currently are used for storage. Lot size is large with room to expand and add multiple ADUs in accordance with city permits. Each unit has its own washer and dryer hookups. Wonderful location on tree lined street. Walk to shops and restaurants.
5.11% Turnkey - Cash-flowing day 1 without needing to upgrade any unit! Year 2 CAP Rate is 5.87% with an annual rent increase. The 1063, a HIGH CAP Rate turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location (Walk score 86) with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The offering is unique due to its prime location, High CAP Rate, and turnkey conditions. New owner can enjoy high quality location, asset, and good cash flow immediately without the hardships of relocating tenants and managing construction crews. 1063 Justin is a beautifully upgraded and maintained garden style apartment community built in 1963. It is a two-story walkup apartment consisting of 12 units. It offers a beautifully landscaped (drought tolerant) center courtyard common area. It offers a superb unit mix of four (4) LARGE 2 bed + 1 bath units, six (6) spacious 1 bed + 1 bath units, and two (2) Studio units. Each unit one has been fully upgraded with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The exterior upgrades include a new façade, new exterior paint and signage, new entry gate, completely redone landscaping, updated electrical, and much more! Each unit is large with an excellent layout. One of the 2bedroom unit has a private balcony. The property is separately metered for electricity and gas. The property offers a single level gated parking area with 11 parking spaces. It is serviced by a master water heater and has additional shared laundry room.
This real estate listing offers a charming duplex opportunity in a quiet area of southern Glendale. The front house is a 3-bedroom, 1-bath unit , 950 sq ft renting for $4300/month, while the rear house is a 1-bedroom, 1-bath unit, 600 sq ft renting for $2550/month. Both units were upgraded in 2020 and their have their very own private entrance and front and backyard. Beautiful full trees adorn the property, adding to its appeal. This property could be ideal for income property with great tenants. Its proximity to Glassell Park, Atwater Silver Lake, and downtown LA makes it a desirable location.
*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Presented alongside the neighboring 427 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
This is a fantastic opportunity to purchase a 7-unit building in a prime Glendale location with lots of potential to increase rents. The corner lot has a security parking. All units are two spacious bedrooms with Central Ac units.
Presenting 420 W Windsor Rd – a remarkable opportunity to acquire a rare apartment building boasting 25 units in Glendale! Nestled on a charming tree-lined street just a few blocks away from the Americana and Griffith Park, and offering a convenient commute to downtown, this meticulously maintained property was constructed in 1987 on a spacious 2.25-acre lot (totaling 19,697 SF). Comprising (9) 1-bed, 1-bath, (12) 2-bed, 2-bath, and (4) 3-bed, 2-bath units, each equipped with central AC and eight units featuring balconies, this property provides a comfortable and attractive living space. Additionally, there is an existing unpermitted 1-bed, 1-bath unit on the ground level, currently utilized by the owners as office space and storage. Under the dedicated ownership and management of the current owner for nearly three decades, the rental rates have consistently experienced an annual increase of 4-7%. For added convenience, the owner is open to assisting with management for up to a year post-closing. The pro forma cap rate of 4.1% encompasses the scheduled rent increases in 2024 and the new assessed value of $13,499,000 at a rate of 1.25%. Don’t miss out on the opportunity to purchase this exceptional building!
$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as "El Miradero" / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.
Exceptional investment opportunity in Glendale! This eight-unit income property is a prime asset for investors. Located in a desirable area, these units boast a combination of modern amenities and classic charm. This 8-unit building offers the pinnacle of comfort with central AC & Heat and the convenience of in-unit washer-dryers. Featuring a mix of 2-bed/2-bath units and 1-bed/1-bath units. Strong rental history and potential for increased income, this property is a promising addition to any investment portfolio. Don't miss the chance to own this well-equipped and strategically located property in Glendale. Bring in your highest best offer. Drive by only!
Courtesy: Keller Williams Realty
Glendale is located in California. Glendale, California has a population of 199,750. Glendale is less family-centric than the surrounding county with 29.99% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Glendale, California is $58,657. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Glendale is 41.2 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 44.5 degrees. The average rainfall is approximately 20.8 inches per year, with 0 inches of snow per year.
