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$ 6,975,000
Est. payment | /mo
32 Beds
28 Baths
18,732 SqFt
$ 6,975,000
Est. payment | /mo
32 Beds
28 Baths
18,732 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 18,732 sqft
Price per Sqft $372
MLS Listing ID 25583099
Bedrooms 32
HOA Y/N No
Year Built 1959
Lot Size 0.617 Acres
Property Description
This offering provides investors with a rare opportunity to secure a rather substantial footprint within Glendale, as only six properties of this size have sold within the city over the past three years. Due to the fact that the property subject to AB 1482, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable rent increases, when compared with other assets subject to Los Angeles rent control. The property benefits from its proximity to the high-end shopping and dining destinations nearby -- notably the Americana at Brand and the Glendale Galleria -- while providing tenants with a more peaceful and serene atmosphere near the Adams Hill neighborhood, removed from the densely urban neighborhood in Downtown Glendale. Residents also enjoy access to the nearby boutiques, coffee shops, and restaurants in historic Adams Square, just blocks from the property.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 33
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5676026011
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo Marcus & Millichap
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Valerie Condon
Partner | Lic# 00680245