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$1,995,000
Est. payment /mo
5,440 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,440 sqft
Price per Sqft $366
MLS Listing ID CL25520697
HOA Y/N No
Year Built 1957
Lot Size 0.250 Acres
Acres 0.25
Property Sub-Type Comm Ind For Sale
Property Description
Presenting a turn key fully leased, well-maintained 8-unit multifamily asset offering immediate cash flow and significant upside potential. The unit mix consists of six (1-bed/1-bath) and two (2-bed/1-bath) apartments, with multiple units recently renovated to include stainless steel appliances, updated flooring, full bathroom remodels, new recessed lighting, upgraded AC units, and carport with storage lockers. The property is thoughtfully upgraded for investor peace of mind with new electrical panels, water-conserving plumbing and fixtures, security doors, renovated carport, vigilant brush clearance, and full insurance coverage through 2025. On-site amenities include a modernized laundry room equipped with new Speed Queen machines generating additional income, 13 parking spaces 6 of which are covered and 7 open spaces, with additional monthly rental income from surplus parking. Strategically located with excellent freeway access and proximity to Glendale, Pasadena,and Burbank, the property sits on a deep 10,892 sq ft rectangular lot, offering potential for future development of a larger exempt building (buyer to verify). With a high projected rent upside on unit turnover in 2025-2026, this asset presents a compelling value-add opportunity in a high-demand rental market. The apar
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Exterior
Exterior Feature Landscaping
Utilities Available Other
Total Parking Spaces 13
Building
New Construction No
Others
Tax ID 2565012040
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Listed by Alicia Brockwell • Keller Williams Realty Los Feliz
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