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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,755,000

Est. payment - /mo

7,840 Sqft Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2506350

HOA Y/N No

Year Built 1965

Lot Size 7,840 Sqft

Property Description

This 9 unit apartment community in Glassell Park offers a desirable unit mix, convenient location and significant rent upside. This property is composed of one 3 bed/2 bath unit; one 2 bed/2 bath unit; three 2 bed/1 bath units; three 1 bed/1 bath units; and one studio. All units are occupied. Upon tenant turnover, this property presents a potential 47% upside in rental income. Located in a residential area near schools, the Glassell Park & Recreation Center, and access to the Glendale Freeway, this property is also a short drive from Occidental College and shops & dining on York St to the East, Glendale to the North, Griffith Park to the West, and all that Greater Los Angeles has to offer.

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Zoning LARD2

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Suburban, Sidewalks

View Y/N No

Total Parking Spaces 9

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5458021026

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2506350

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Listed by Jeff Kim eXp Realty of California, Inc. Jeff@kimrealtygroup.com

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3365 Portner ST Los Angeles, CA 90065