1055 Grover Avenue

Glendale, CA 91201

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,211 Sqft
  • 7741
    Sqft(Lot)
$2,799,999

Description

Unique and prime investment opportunity 10 units in desirable glendale glenoaks area. pride of ownership, owns for about 50 years. due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents current rents are significantly below market, for 10 units totaling about $165,000 a year. one 3 bed 2 bath, two 2 bed 1 bath, five 1 bed 1 bath, two single. the rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. some tlc on this property current rents can potentially go up about $267,000 a year. the property is centrally located for commutes, supermarkets, restaurants and schools . driving distance downtown los angeles, burbank, montrose, americana and glendale galleria, noho district, old town pasadena, and the rose parade, jpl. local la and hollywood attractions include the music center, disney music hall, and hollywood bowl.

this 10 units is truly one of a kind and great investment. per seller, inside 6 units are updated, has copper plumbing, newer water heater, walk way, all wall heaters and wall a/c’s, about 13 parking, everything in this area sells quickly, priced right and will not last long in this market.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46866427

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Fireplace: See Remarks

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: See Remarks
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1962
    • Building Area Total: 7,211
    • Roof: Flat

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1777
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7741

  • Listing Price Information

    • Original List Price: 2,799,999
    • Listing Contract Date: 2024-09-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5623031015

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 626 - Glendale-Northwest
    • Postal Code Plus 4: 2447
    • Directions: Glenoaks
    • Zoning: GLR4YY
    • Source Property Type: Residential Income
    • Area: 626 - Glendale-Northwest
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground level
    • Property Attached: Yes
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BuyOwner last updated this listing 12/22/2024 @ 09:25

  • MLS: GD24186109
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,211 sqft, 7,741 sized lot, and 13 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendale , in zip code 91201, this Los Angeles County Home are nearby neighborhoods.