Glendale CA Multi Family for Sale
$3,275,000
1815 Chevy Chase Drive Glendale, CA 91206
- Type:
- Apartment
- Sq.Ft.:
- 8,278
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.34 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- SR24248381
ADDITIONAL INFORMATION
We are pleased to present for acquisition the Colonial Oak Apartments., situated in one of the most niche neighborhoods within the city of Glendale. In the super low turnover and historically vacancy-proof pocket, the opportunity offers a pride of ownership acquisition in one of the most landlord-friendly cities in California. Well maintained, the property has a pitched roof, upgraded electrical sub-panels, newer windows, professionally landscaped, ample on-site parking & laundry facility. All units are 2 bedrooms, averaging over 1,000 sf, sitting on an almost 15,000 sf corner lot. Although the offering is already priced well at 14.2 GRM (as of 5.1.25), there is considerable rental upside by way of loss to lease and or modernization of interiors, the GRM falls to 12. Furthermore, California recently passed SB 211, allowing for a maximum of (8) ADUs but not to exceed the total number of existing units. With the implementation of a couple of ADUs (buyer to verify), the building would pay for itself in 8 years! The Colonial Oak Apartments are just under 4 miles to the Chevy Chase Country Club (CCCC), a hidden gem in the Verdugo Mountains. Some of the long list of amenities are the 18 hole golf course & driving range, tennis courts, swimming pool, clubhouse, exquisite dining options, fitness center and entertainment venue. The local home value per homes.com is $1,632,000, enforcing considerable affordability gap to own a single-family home in this area, a major driver of rents as well. The Colonial Oak Apartments are the only multifamily investment opportunity available for acquisition in the area and in the zip code. Located in a very peaceful and residential area yet close to major retail, schools, shops and entertainment. The opportunity provides for consistent cashflow and forever built-in demand for occupancy.
$3,550,000
237 Kenwood Street Glendale, CA 91206
- Type:
- Triplex
- Sq.Ft.:
- 6,564
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1968
- Baths:
- MLS#:
- GD24190132
ADDITIONAL INFORMATION
Discover an exceptional investment opportunity with this charming all remodeled 3-unit property in Glendale. Spanning an impressive 6,564 square feet, this property offers a total of 12 bedrooms and 9 bathrooms, with each unit thoughtfully designed to include 4 bedrooms and 3 bathrooms. The property also features 6 dedicated parking spaces and an attached garage for added convenience. Come inside to find elegant recessed lighting throughout, enhancing the modern and inviting atmosphere. Each unit boasts a contemporary kitchen, equipped with stylish cabinetry, stainless steel appliances, including a sleek electric stove, and plenty of space for all your culinary needs. The expansive family rooms are perfect for gatherings, featuring beautiful lighting and cozy fireplaces. The generously sized primary bedrooms offer plenty of closet space with mirrored doors and access to private bathrooms, complete with walk-in shower stalls and LED mirrors for a touch of luxury. Additionally, one of the other spacious bedrooms includes its own ¾ bathroom, also featuring LED light mirrors. For ultimate convenience, each unit is equipped with its own laundry facilities, brand new AC, and every unit has 2 designated parking spaces divided amongst the 1 covered garage and the car port with 5 available spaces. This property presents a fantastic opportunity for investors or those looking to enjoy a versatile living space in a desirable location.
Glendale Real Estate
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 91206 has a population of 196,512. Glendale 91206 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 91206 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 91206 is 41.2 years.
Glendale Weather
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.