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433 W Garfield Avenue

Glendale, CA 91204
  • $2,100,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: SR22246154
New On Site 4 Days Ago
UPDATED: 111 min ago
$2,100,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Levon Alexanian of Keller Williams World Media Center (818-239-3500)


Description

We are pleased to present the Garfield Vista Apartments in Glendale for sale. Great upside potential, quite possibly the highest yield on market rents of any offering available for sale in Glendale. Market The front property is a 2+1.5 two story house renting for $1,780 in which the upstairs is being operated as a stand alone 1+1 with private entrance and private balcony renting at $1,300 non-conforming unit. The rear building house (4) 2+1 units renting at an average of $1,566. A new owner can continue operating with the 6 income streams or easily rent the front house as a 3+2.5 2 story home.With a Walk Score of 83, the property is very walkable and most errands can be accomplished on foot. Extensive capital improvements have been incorporated such as copper plumbing, updated electrical, pitched roofs and individual water heaters. The front house is a spacious living space with a great floor plan.Between both buildings is an open yard that can easily be updated with lounge furniture, a BBQ area, and a water feature to create a sense of community. There is on-site parking & laundry.Market GRM 13.6 & Market CAP 5.5%** Contact listing agent for further details **

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-28T21:30:52.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134983765
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433 W Garfield Avenue Glendale, CA 91204

  • Price: $2,100,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 111 min ago
  • ID#: SR22246154
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1961
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property Description
We are pleased to present the Garfield Vista Apartments in Glendale for sale. Great upside potential, quite possibly the highest yield on market rents of any offering available for sale in Glendale. Market The front property is a 2+1.5 two story house renting for $1,780 in which the upstairs is being operated as a stand alone 1+1 with private entrance and private balcony renting at $1,300 non-conforming unit. The rear building house (4) 2+1 units renting at an average of $1,566. A new owner can continue operating with the 6 income streams or easily rent the front house as a 3+2.5 2 story home.With a Walk Score of 83, the property is very walkable and most errands can be accomplished on foot. Extensive capital improvements have been incorporated such as copper plumbing, updated electrical, pitched roofs and individual water heaters. The front house is a spacious living space with a great floor plan.Between both buildings is an open yard that can easily be updated with lounge furniture, a BBQ area, and a water feature to create a sense of community. There is on-site parking & laundry.Market GRM 13.6 & Market CAP 5.5%** Contact listing agent for further details **
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features BikingCurbs Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 9345 Gross Scheduled Income 112140 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 74208 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 35689 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 2243 Water Sewer Expense 0 Water Source Public Zoning Glr4yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-28T21:30:52.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Levon Alexanian of Keller Williams World Media Center (818-239-3500)