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$ 3,400,000
Est. payment | /mo
6 Beds
5 Baths
7,750 Sqft Lot
$ 3,400,000
Est. payment | /mo
6 Beds
5 Baths
7,750 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25118417
Bedrooms 6
HOA Y/N No
Lot Size 7,750 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendales most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mixTwo: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath unitsdesigned to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the propertys performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032a rare and valuable advantage in todays high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security. Theres also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the propertys rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potentialideal for investors looking to secure a high-performing asset in a high-demand area.
Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendales most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mixTwo: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath unitsdesigned to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the propertys performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032a rare and valuable advantage in todays high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security. Theres also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the propertys rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potentialideal for investors looking to secure a high-performing asset in a high-demand area.
Rare Assumable Loan fixed at 3.20% until 2032! Located in one of Glendales most desirable neighborhoods, this well-maintained 8-unit property presents an outstanding investment opportunity with both immediate income potential and long-term growth. Built in 1988 to modern construction standards, the asset features a highly desirable unit mixTwo: 3 Bed / 2 Bath, Four: 2 Bed / 2 Bath, and Two: 1 Bed / 1 Bath unitsdesigned to attract a broad tenant base and maintain low vacancy rates. Currently delivering a strong 5.0% CAP rate, the propertys performance is significantly enhanced by an assumable $2,050,000 loan at a low 3.20 % fixed interest rate, locked in through June 2032a rare and valuable advantage in todays high-rate environment. With this financing structure in place, investors can achieve an impressive 7.8% ROI, combining stable cash flow with long-term security. Theres also immediate rental upside, with allowable rent increases this year of approximately $700/month, creating a clear path to boost NOI and overall cash flow. Four units have been recently remodeled with modern finishes, adding to the propertys rentability and tenant appeal. All units are equipped with central heating and air conditioning, enhancing comfort and value. Strategically located in a thriving Glendale rental market, this turnkey property offers the perfect blend of strong in-place income, financing leverage, and value-add potentialideal for investors looking to secure a high-performing asset in a high-demand area.
Location
State CA
County Los Angeles
Area Glendale (91201)
Zoning Assessor
Building
Lot Description Curbs
Story 3
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Exchange
Space Rent $2,783
Listing Terms Exchange
Listed by David Nalbandyan • LA Premier Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
10550 Craftsman Way #184, San Diego, California, 92127, USA