Prime Investment Opportunity: Four-Unit Fully Occupied Property in Desirable Glendale Neighborhood This four-plex presents an outstanding investment opportunity with stable tenants and substantial potential for rental income growth. Located in the sought-after Glendale area, just minutes from the Glendale Galleria and The Americana, this rare property offers immediate returns with the possibility for future rent adjustments. Total rental income is $8,840. Live in the front unit and rent out the back 3 units for $6,090. MAIN HOUSE: The charming front house is a two-bedroom, one-bathroom residence, offering approximately 994 square feet of living space. It features modern conveniences such as central heating, air conditioning, in-unit laundry, a covered porch, and an attached garage. This combination of amenities makes it an attractive option for tenants seeking comfort and convenience. Total rental income is $2,750. BACK UNITS: Behind the Main House, there are three additional units, each with detached walls for enhanced privacy and reduced noise. Total rental income for the back units is $6,090: Unit A: A 302-square-foot studio with easy street parking available. Unit B: A 624-square-foot two-bedroom, one-bath unit with ample space for outdoor seating and two tandem parking spots
Attention investors! Welcome to 720 W California Ave in the vibrant city of Glendale! This triplex, which includes an additional studio unit, offers a total of 4 rental units. The property features: - One 2-bedroom, 1-bath unit - Two 1-bedroom, 1-bath units - One studio unit with a full bath Conveniently located just a short drive from Downtown Glendale, as well as the 134 and 5 freeways, and close to Griffith Park with its hiking trails, parks, and horse trails. This is an exceptional investment opportunity—don’t let it pass you by!
LOCATION, LOCATION!!!! This is an exceptional opportunity for an investor or a buyer to own a "Owner Occupied" 4 Unit Multi-Family Building in City of Glendale, Glendale is and will most likely always be one of the highest demands, a self-incorporated City in L.A., EZ freeway access to everywhere, Glendale attracts great demand and dictates high rental rents. This is a wonderful starter investment in Glendale, Specious Four (4) unit building, The building consists of a Two spacious (Approximately 1100 SQFT, 2Bedroom, 1 Bath Units) and Two (Approximately 700 SQFT 1Bedroom, 1-bedroom Units) Buyer to verify!, Separately metered Units, Updated units with laminate flooring, newly painted building, The property offers 4-car carport spaces, One space for each unit. The property is located within within close proximity of the Americana at Brand and the recently remodeled Glendale Galleria shopping mall. “Property could be vacated in its entirely if required within 60 days after close of escrow” which could offer exceptional opportunities for an investor to rent the units at much higher rental rate with moderate upgrading of the units.
2 VACANCIES WITH PRICE DROP! 7 UNIT- MULTI UNIT IN PRIME GLENDALE! (1st Vacancy- Largest 1 Bed 1 Bath Private Unit above the garage with split system HVAC , 2nd Vacancy- 2 Bed/1 Bath). First time on the market in 38 years! New Roof installed in 2023. Water heater was replaced in the end of 2021. Property consists of (3) 1 Bed/1 Bath, (3) 2 Bed/1 Bath and (1) 2 Bed/ 1.5 Bath Townhouse. All units separately metered for Electricity and Gas plus an 8th meter for the common areas. Owners also have a private storage area in the rear to store tools and materials.
The median home value in Glendale, CA is $1,046,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Glendale, CA is $1,046,500. Approximately 31.47% of Glendale homes are owned, compared to 61.59% rented, while 6.95% are vacant. Glendale real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Glendale real estate agent to arrange a tour today!
Glendale, California 91203 has a population of 196,512. Glendale 91203 is less family-centric than the surrounding county with 28.38% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Glendale, California 91203 is $74,488. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Glendale 91203 is 41.2 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 45.8 degrees. The average rainfall is approximately 18.7 inches per year, with 0 inches of snow per year.