117 Magnolia Avenue, Glendale, CA 91204
Property
Sold October 2023
Listing Agent: Dana Coronado (DRE #01746702) · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Henrik Arakelian · Home Land Brokers · MLS #23313435 · Source: CRMLS
About this property
You don't want to miss this one! Prime location adjacent to Lexus of Glendale and Auto Row. Less than 1 mile south of the Americana. Fantastic opportunity to own a well cared for six unit multifamily property that has been in the same family for over 25 years. Nestled on a tree lined street off Brand Blvd, all 6 units are 1BR+1BA and range between 570 - 606 SF each (per title). Built in the late 1930's, the property has charming original features such as bay windows, curved ceilings, tile mosaics, built ins, and more. Some units have newer upgrades such as laminate wood floors, and the electrical has been upgraded throughout. Additionally, there is a laundry room and garages in the rear. The property was originally built as apartments and converted to "Own Your Owns" in the 1950's. Each unit has it's own separate parcel number, but they are not condos as there is no tract map or HOA. The property represents a unique investment property with almost 20% upside in rents. One unit is currently vacant, call for a marketing package and rent roll.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history