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$ 2,699,000
Est. payment | /mo
6,491 SqFt
$ 2,699,000
Est. payment | /mo
6,491 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,491 sqft
Price per Sqft $415
MLS Listing ID CL26668933
HOA Y/N No
Year Built 1989
Lot Size 8,875 Sqft
Acres 0.2037
Property Sub-Type Other
Property Description
6.2 cap + 12.49 GRM + non rent control + assumable $1.235M loan at 3.9% (principle & interest approx $6250/mo, Buyer to verify). NOT RSO not rent control (Rent Stabilization Ordinance) built in 1989. End owner's 3 bed 3 bath unit is vacant & ready for the new owner to occupy or rent. Real gross income with the vacant owner's unit rented and laundry income is at 6.2 cap at $216,124 today. October 2026 rent increases could see $219,192 income. Upside is to $238,029 income. Located on the Glendale border with easy freeway access, restaurants, and shops is this well maintained 5 unit apartment building. Each unit is large 3 bedrooms. 2 parking spaces for each unit. End unit has a fenced rear backyard. Tenants pay for their own water, electricity, and gas. Photos of vacant end unit.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Electric
Fireplace No
Building
New Construction No
Others
Tax ID 5680028006
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Listed by Aram Gaboudian • Keller Williams Los Angeles
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