1404 5th St

Glendale, CA 91201 Active for $3,920,000


Beds: 14  Baths: 14  Structure Size: 8,420 sqft  Lot Size: 19,172 sqft



Property Facts
MLS 319000446
Year Built 1941
Property Type MultiFamily
County Los Angeles
Status Active
Active $3,920,000
Structure Size 8,420 sqft
Lot Size 19,172 sqft
Beds 14
Baths 14

Description

Amazing opportunity to own a gem in the heart of Glendale “above Glenoaks” right next to newly constructed senior center with a park in the middle. In addition, the building is walking distance to blue ribbon Thomas Jefferson Elementary & bus stops. This building was constructed in 1959 & consists of (14) 1+1 bungalow style spacious units with ample parking, i.e. either carport or surface parking, for all residents. This asset has 12,278SQFT of improvement over a 19,172SQFT lot & there are 14 carport & 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets & countertops, ceramic wall & floor tiles in bathroom & kitchen, wall type heating & air conditioning. A few units have been improved with washer/dryer hookups inside the units. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking affordable 1-bedroom apartments near great schools. The windows have been replaced in the recent past & the plumbing & electrical are in great operational shape. The new owner can take over & achieve an above market return gradually as units turn in due time & as such will “not” be affected by the pending city Rent control discussion.

Listing information courtesy of: George Yessaie, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 04/22/2019 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


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