Description
Looking for a high-yield, turnkey real estate investment in Los Angeles County? This exceptional, fully renovated 5-unit income property for sale in Glendale, CA offers a rare value-add and house-hacking opportunity in a high-demand rental market. Located in a prime, walkable Glendale neighborhood, the multi-family asset consists of 4 upgraded 1-bedroom, 1-bathroom apartment units plus a fully permitted, attached 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), combining strong immediate rental income with stellar long-term investment upside. Every unit has undergone extensive capital improvements, featuring modern interior finishes, updated energy-efficient dual-pane windows, brand-new individual mini-split heating and cooling systems, and a newer 400-amp electrical panel to eliminate deferred maintenance costs. A standout architectural feature includes a large, private outdoor deck off one of the front upstairs units, commanding top-tier tenant demand. With strong current rental numbers and most units conveniently sitting on flexible month-to-month leases, investors gain immediate operational flexibility to optimize the rent roll, adjust to market rates, or execute a 1031 exchange strategy. Perfectly situated just minutes from downtown Glendale’s premier employment hubs, The Americana at Brand, the Glendale Galleria, and iconic local staples like Porto’s Bakery, this low-maintenance asset delivers the perfect balance of stable cash flow and future appreciation potential. Schedule your private tour today and bring your offers! Tenants pay for all utilities, Landlord pays for trash and sewer
Details
| MLS # | PF26157951 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 43 |
| Listing Provided By | Coldwell Banker Realty | Carolin Alaverdian |
Features
| SQ Feet | 3,000 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Acreage | 0.08 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | None, On Street |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $1,849,000 low | high Med: $710,000 sqft: 3,000 low | high Med: 1,381 $ / sqft: $616 low | high Med: $519 On site: 43 low | high Med: 16.5 | |
Market Activity 91204
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91204 |
| Area | 628 Glendale South of 134 Fwy |
| Listing VS Median (in 91204) | |
Price: $1,849,000 low | high Med: $710,000 sqft: 3,000 low | high Med: 1,381 $ / sqft: $616 low | high Med: $519 On site: 43 low | high Med: 16.5 | |
