1415 Cosmic Way, Glendale, CA 91201

$2,600,000
List Price
$2,600,000
Status
ACTIVE
MLS#
SR24104049
Year Built
1962
Lot Size
8,445
Acres
0.19
Lot Location
Irregular Lot, Landscaped, Sprinklers Timer, Sprinkler System
Days on Market
31
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level, Two Levels

Property Description

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.

Additional Information

Appliances
Free-Standing Range, Gas Water Heater, Dryer, Washer
Pool Description
None
Heat
Central, Forced Air, Natural Gas
Cooling
Yes
Cooling Description
Central Air
View
None
Exterior Construction
Brick, Stucco, Copper Plumbing
Roof
Flat, Rolled/Hot Mop
Garage Spaces Total
6
Sewer
Public Sewer, Sewer Tap Paid
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$131,700
Operating Expense
11388

Listing courtesy of Listing Agent: Marc Schwartz (mlsmarc@MarcSchwartz.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.

Mortgage Calculator

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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.