715 721 E Garfield Avenue, Glendale, CA 91205

$5,400,000
List Price
$5,400,000
Status
PENDING
MLS#
AR24104057
Year Built
1951
Lot Size
21,370
Acres
0.49
Lot Location
Level, Rectangular Lot
Days on Market
8
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

A 20-unit apartment in the City of Glendale, California. This offering presents a rare opportunity for investors to acquire a strategically located apartment in the heart of the City of Glendale, CA. This property is located down the street from Glendale Community College Garfield Campus and just minutes away from Americana at Brand, Glendale Galleria, and Glendale High School. This is the first time these properties have been offered for sale since 1982. The properties were built in 1951 and situated side by side with shared center walkway and its own driveway. Both buildings have a combined total of ±15,772 SF and are situated on a combined ±21,370 SF Lot size. It offers a good unit mix of eight (8) x 2bed+1bath (4 in each building), and twelve (12) x 1bed+1bath (6 in each building) units. Each unit has an individual water heater, an excellent and spacious layout, and separately metered for electricity and gas. Parking is provided by a total of 10 parking spaces at the back (5 spaces per building). Most of the tenants are on month-to-month agreement and some are due for rent increases. There is a shared laundry room for both buildings (laundry leased).

Additional Information

Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
20

Listing courtesy of Listing Agent: Han Chen (han.chen@growthinvestmentgroup.com) from Listing Office: Growth Investment Group Pasade.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.